Pallas Capital Advisors LLC Has $5.84 Million Stock Position in Ares Management Corporation $ARES

Pallas Capital Advisors LLC boosted its holdings in shares of Ares Management Corporation (NYSE:ARES) by 21.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,147 shares of the asset manager’s stock after acquiring an additional 6,370 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Ares Management were worth $5,842,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Ares Management by 3.5% in the third quarter. Vanguard Group Inc. now owns 21,676,470 shares of the asset manager’s stock worth $3,465,851,000 after purchasing an additional 740,103 shares in the last quarter. Capital International Investors boosted its holdings in shares of Ares Management by 0.4% during the third quarter. Capital International Investors now owns 4,243,194 shares of the asset manager’s stock worth $678,448,000 after purchasing an additional 15,913 shares during the period. Principal Financial Group Inc. grew 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 valued at $565,180,000 after purchasing an additional 94,825 shares in the last quarter. LRI Investments LLC grew its position in Ares Management by 10.2% during the third quarter. LRI Investments LLC now owns 2,586,253 shares of the asset manager’s stock valued at $413,516,000 after purchasing an additional 238,531 shares in the last quarter. Finally, Norges Bank acquired a new position in Ares Management in the 2nd quarter valued at approximately $328,910,000. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Insider Buying and Selling at Ares Management

In related news, Director Judy D. Olian bought 480 shares of the business’s stock in a transaction on Friday, February 20th. The shares were bought at an average cost of $124.43 per share, for a total transaction of $59,726.40. Following the completion of the acquisition, the director directly owned 29,734 shares in the company, valued at approximately $3,699,801.62. This represents a 1.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ashish Bhutani purchased 10,000 shares of Ares Management stock in a transaction on Friday, February 6th. The stock was bought at an average cost of $126.61 per share, with a total value of $1,266,100.00. Following 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. The SEC filing for this purchase provides additional information. Corporate insiders own 36.86% of the company’s stock.

Ares Management Price Performance

Shares of ARES opened at $106.43 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $35.06 billion, a PE ratio of 62.97, a PEG ratio of 0.80 and a beta of 1.55. The firm’s 50 day moving average price is $125.81 and its 200 day moving average price is $148.90. Ares Management Corporation has a twelve month low of $95.80 and a twelve month high of $195.26.

Ares Management (NYSE:ARES) last posted its earnings results on Thursday, February 5th. The asset manager reported $1.45 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.26). The business 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 prior year, the firm earned $0.55 earnings per share. As a group, research analysts expect that Ares Management Corporation will post 5.28 EPS for the current fiscal year.

Ares Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a $1.35 dividend. This is a boost from Ares Management’s previous quarterly dividend of $0.84. This represents a $5.40 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Tuesday, March 17th. Ares Management’s dividend payout ratio is currently 319.53%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ARES shares. Wall Street Zen downgraded shares of Ares Management from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Weiss Ratings restated a “hold (c)” rating on shares of Ares Management in a report on Monday, December 29th. Barclays dropped their price target on shares of Ares Management from $222.00 to $190.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. TD Cowen reiterated a “buy” rating on shares of Ares Management in a report on Wednesday, January 14th. Finally, The Goldman Sachs Group reduced their price objective on Ares Management from $189.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $179.73.

Ares Management Company 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.