Picton Mahoney Asset Management Decreases Holdings in Ares Management Corporation $ARES

Picton Mahoney Asset Management decreased its stake in Ares Management Corporation (NYSE:ARES) by 21.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 71,727 shares of the asset manager’s stock after selling 19,026 shares during the period. Picton Mahoney Asset Management’s holdings in Ares Management were worth $11,470,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Creative Planning increased its holdings in Ares Management by 29.6% in the 2nd quarter. Creative Planning now owns 34,036 shares of the asset manager’s stock worth $5,895,000 after acquiring an additional 7,776 shares during the last quarter. Vulcan Value Partners LLC lifted its holdings in Ares Management by 10.6% during the third quarter. Vulcan Value Partners LLC now owns 1,350,249 shares of the asset manager’s stock valued at $215,785,000 after purchasing an additional 129,368 shares during the last quarter. Principal Financial Group Inc. boosted its position in Ares Management by 2.8% during the third quarter. Principal Financial Group Inc. now owns 3,534,773 shares of the asset manager’s stock worth $565,180,000 after purchasing an additional 94,825 shares during the period. Wealth Alliance LLC increased its stake in shares of Ares Management by 30.6% in the second quarter. Wealth Alliance LLC now owns 4,388 shares of the asset manager’s stock worth $760,000 after purchasing an additional 1,027 shares in the last quarter. Finally, Winslow Capital Management LLC bought a new stake in shares of Ares Management in the second quarter valued at approximately $161,774,000. 50.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on ARES. TD Cowen reaffirmed a “buy” rating on shares of Ares Management in a report on Wednesday, January 14th. Barclays dropped their target price on Ares Management from $222.00 to $190.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Wolfe Research set a $210.00 price target on Ares Management and gave the company an “outperform” rating in a research report on Wednesday, January 7th. Wall Street Zen lowered Ares Management from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Finally, The Goldman Sachs Group dropped their price objective on Ares Management from $189.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.67.

Insider Activity

In other news, Director Judy D. Olian bought 480 shares of the business’s stock in a transaction on Friday, February 20th. The stock was acquired at an average price of $124.43 per share, with a total value of $59,726.40. Following the completion of the purchase, the director directly owned 29,734 shares in the company, valued at $3,699,801.62. This represents a 1.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ashish Bhutani purchased 10,000 shares of Ares Management stock in a transaction on Friday, February 6th. The shares were acquired at an average price of $126.61 per share, for a total transaction of $1,266,100.00. Following the completion of the transaction, the director directly owned 34,071 shares of the company’s stock, valued at approximately $4,313,729.31. The trade was a 41.54% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 36.86% of the company’s stock.

Ares Management Trading Up 3.1%

Shares of ARES opened at $116.13 on Thursday. Ares Management Corporation has a 1-year low of $106.02 and a 1-year high of $195.26. The company has a market capitalization of $37.96 billion, a P/E ratio of 68.72, a P/E/G ratio of 0.71 and a beta of 1.55. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 1.22. The firm’s 50 day simple moving average is $147.36 and its 200 day simple moving average is $157.41.

Ares Management (NYSE:ARES) last issued its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.45 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.26). The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.38 billion. Ares Management had a return on equity of 19.04% and a net margin of 9.41%.During the same period in the previous year, the company earned $0.55 EPS. Sell-side analysts forecast that Ares Management Corporation will post 5.28 earnings per share for the current fiscal year.

Ares Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a dividend of $1.35 per share. The ex-dividend date is Tuesday, March 17th. This is a positive change from Ares Management’s previous quarterly dividend of $0.84. This represents a $5.40 dividend on an annualized basis and a yield of 4.6%. Ares Management’s dividend payout ratio (DPR) is 319.53%.

Ares Management Profile

Ares Management Corporation (NYSE: ARES) is a global alternative asset manager that provides investment solutions across credit, private equity and real estate. The firm originates and manages capital across a range of strategies including direct lending, syndicated and special situations credit, private equity buyouts and growth investments, and real estate equity and debt. Ares serves institutional investors, insurance companies, pension funds, sovereign wealth funds, and high‑net‑worth clients through both commingled funds and bespoke managed account structures.

Within credit, Ares offers strategies spanning leveraged loans, structured credit, opportunistic and distressed debt, and specialty finance, with an emphasis on underwriting, portfolio construction and active asset management.