Sumitomo Mitsui DS Asset Management Company Ltd Raises Position in Ares Management Corporation $ARES

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Ares Management Corporation (NYSE:ARES) by 24.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,891 shares of the asset manager’s stock after acquiring an additional 21,307 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Ares Management were worth $17,570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its holdings in Ares Management by 25.0% during the third quarter. Nisa Investment Advisors LLC now owns 1,220 shares of the asset manager’s stock valued at $195,000 after purchasing an additional 244 shares during the period. Benjamin Edwards Inc. raised its stake in shares of Ares Management by 1.4% in the third quarter. Benjamin Edwards Inc. now owns 103,378 shares of the asset manager’s stock worth $16,530,000 after buying an additional 1,382 shares during the period. HB Wealth Management LLC lifted its position in shares of Ares Management by 33.3% during the 3rd quarter. HB Wealth Management LLC now owns 7,082 shares of the asset manager’s stock valued at $1,132,000 after buying an additional 1,770 shares in the last quarter. Spire Wealth Management lifted its position in shares of Ares Management by 29.0% during the 3rd quarter. Spire Wealth Management now owns 3,437 shares of the asset manager’s stock valued at $550,000 after buying an additional 772 shares in the last quarter. Finally, Moran Wealth Management LLC bought a new position in shares of Ares Management during the 3rd quarter valued at approximately $262,000. 50.03% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Michael J. Arougheti sold 186,197 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $152.75, for a total transaction of $28,441,591.75. Following the completion of the transaction, the chief executive officer directly owned 290,997 shares of the company’s stock, valued at approximately $44,449,791.75. This represents a 39.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 590,000 shares of company stock worth $90,653,808 over the last three months. 36.86% of the stock is currently owned by corporate insiders.

Ares Management Price Performance

ARES stock opened at $175.85 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.22 and a current ratio of 0.22. The company’s fifty day moving average price is $161.57 and its 200-day moving average price is $168.41. Ares Management Corporation has a one year low of $110.63 and a one year high of $200.49. The company has a market capitalization of $57.48 billion, a PE ratio of 75.47, a price-to-earnings-growth ratio of 1.04 and a beta of 1.53.

Ares Management (NYSE:ARES) last announced its quarterly earnings results on Friday, October 31st. The asset manager reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.05. Ares Management had a net margin of 11.72% and a return on equity of 16.33%. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the firm posted $0.55 EPS. On average, equities analysts anticipate that Ares Management Corporation will post 5.28 EPS for the current fiscal year.

Ares Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th were given a $0.8438 dividend. This represents a $3.38 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Wednesday, December 17th. Ares Management’s payout ratio is currently 192.27%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ARES shares. Keefe, Bruyette & Woods raised their target price on shares of Ares Management from $188.00 to $189.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. UBS Group started coverage on shares of Ares Management in a research note on Thursday, December 11th. They issued a “neutral” rating and a $201.00 price objective for the company. Oppenheimer set a $190.00 price objective on shares of Ares Management and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $215.00 target price on shares of Ares Management in a report on Monday, September 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ares Management in a research note on Monday, December 29th. Thirteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $192.14.

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.