Equitable Trust Co. Sells 5,081 Shares of Ares Management Corporation $ARES

Equitable Trust Co. lessened its stake in shares of Ares Management Corporation (NYSE:ARES) by 13.7% during the first quarter, HoldingsChannel.com reports. The fund owned 31,991 shares of the asset manager’s stock after selling 5,081 shares during the quarter. Equitable Trust Co.’s holdings in Ares Management were worth $3,490,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Ares Management by 5.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,344 shares of the asset manager’s stock valued at $197,000 after purchasing an additional 70 shares during the last quarter. Fulcrum Asset Management LLP lifted its position in Ares Management by 1.7% during the third quarter. Fulcrum Asset Management LLP now owns 4,321 shares of the asset manager’s stock valued at $691,000 after purchasing an additional 72 shares during the period. Wedbush Securities Inc. boosted its holdings in Ares Management by 4.2% in the fourth quarter. Wedbush Securities Inc. now owns 2,030 shares of the asset manager’s stock worth $328,000 after purchasing an additional 81 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its holdings in Ares Management by 3.2% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 2,666 shares of the asset manager’s stock worth $431,000 after purchasing an additional 83 shares during the last quarter. Finally, First Manhattan CO. LLC. grew its position in Ares Management by 0.5% in the 4th quarter. First Manhattan CO. LLC. now owns 17,634 shares of the asset manager’s stock worth $2,850,000 after purchasing an additional 89 shares during the period. 50.03% of the stock is currently owned by institutional investors.

Ares Management Trading Up 3.1%

Shares of Ares Management stock opened at $121.65 on Friday. Ares Management Corporation has a 1-year low of $95.80 and a 1-year high of $195.26. The company’s fifty day simple moving average is $123.48 and its 200-day simple moving average is $128.76. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a market capitalization of $40.13 billion, a PE ratio of 56.58, a P/E/G ratio of 1.04 and a beta of 1.51.

Ares Management (NYSE:ARES) last posted its quarterly earnings data on Friday, May 1st. The asset manager reported $1.24 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.08). Ares Management had a return on equity of 22.14% and a net margin of 10.54%.The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the company earned $1.09 earnings per share. As a group, equities analysts anticipate that Ares Management Corporation will post 6.04 earnings per share for the current year.

Ares Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Tuesday, June 16th. Ares Management’s payout ratio is currently 251.16%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Ares Management in a research note on Tuesday, May 26th. JPMorgan Chase & Co. dropped their price target on Ares Management from $188.00 to $144.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 28th. Citizens Jmp cut their price objective on Ares Management from $190.00 to $160.00 and set a “market outperform” rating for the company in a report on Thursday. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ares Management in a report on Wednesday, April 29th. Finally, Morgan Stanley reduced their price objective on Ares Management from $178.00 to $163.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $161.19.

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.