Kepler Cheuvreux Suisse SA Buys Shares of 26,299 Ares Management Corporation $ARES

Kepler Cheuvreux Suisse SA purchased a new stake in shares of Ares Management Corporation (NYSE:ARES) during the third quarter, Holdings Channel.com reports. The fund purchased 26,299 shares of the asset manager’s stock, valued at approximately $4,205,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ARES. Creative Planning lifted its position in shares of Ares Management by 29.6% during the second 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 in the last quarter. Vulcan Value Partners LLC boosted its holdings in shares of Ares Management by 10.6% in the third quarter. Vulcan Value Partners LLC now owns 1,350,249 shares of the asset manager’s stock worth $215,785,000 after acquiring an additional 129,368 shares during the period. CI Investments Inc. grew its position in shares of Ares Management by 35,425.5% in the third quarter. CI Investments Inc. now owns 221,679 shares of the asset manager’s stock valued at $35,444,000 after purchasing an additional 221,055 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Ares Management by 2.8% in 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. Finally, Wealth Alliance LLC raised its stake in shares of Ares Management by 30.6% during the 2nd quarter. Wealth Alliance LLC now owns 4,388 shares of the asset manager’s stock valued at $760,000 after purchasing an additional 1,027 shares during the period. Institutional investors own 50.03% of the company’s stock.

Insider Buying and Selling

In related news, Director Ashish Bhutani bought 10,000 shares of the company’s stock in a transaction on Friday, February 6th. The stock was acquired at an average cost 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 in the company, valued at $4,313,729.31. This trade represents a 41.54% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Judy D. Olian purchased 480 shares of the business’s stock in a transaction on Friday, February 20th. The stock was bought at an average cost of $124.43 per share, with a total value of $59,726.40. Following the purchase, the director 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. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on ARES shares. Deutsche Bank Aktiengesellschaft raised Ares Management from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $182.00 to $155.00 in a report on Friday, February 6th. Raymond James Financial upgraded Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 price target on the stock in a research report on Monday, February 9th. TD Cowen reissued a “buy” rating on shares of Ares Management in a report on Wednesday, January 14th. Wall Street Zen lowered shares of Ares Management from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Finally, Barclays reduced their price objective on shares of Ares Management from $222.00 to $190.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $182.67.

Ares Management Price Performance

Ares Management stock opened at $108.55 on Wednesday. The stock has a market cap of $35.76 billion, a price-to-earnings ratio of 64.23, a PEG ratio of 0.69 and a beta of 1.55. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The business has a 50-day simple moving average of $142.84 and a 200 day simple moving average of $155.25. Ares Management Corporation has a 52 week low of $105.47 and a 52 week high of $195.26.

Ares Management (NYSE:ARES) last released its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.45 earnings per share 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 analysts’ expectations of $1.38 billion. Ares Management had a net margin of 9.41% and a return on equity of 19.04%. During the same period in the previous year, the business earned $0.55 EPS. On average, research analysts forecast that Ares Management Corporation will post 5.28 earnings per share for the current fiscal year.

Ares Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a $1.35 dividend. This is an increase from Ares Management’s previous quarterly dividend of $0.84. This represents a $5.40 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Tuesday, March 17th. Ares Management’s payout ratio is 265.09%.

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.