Beck Mack & Oliver LLC Decreases Stake in Ares Management Corporation $ARES

Beck Mack & Oliver LLC lowered its position in shares of Ares Management Corporation (NYSE:ARES) by 22.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,762 shares of the asset manager’s stock after selling 14,825 shares during the quarter. Beck Mack & Oliver LLC’s holdings in Ares Management were worth $8,116,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Exchange Traded Concepts LLC grew its holdings in shares of Ares Management by 100.0% in the third quarter. Exchange Traded Concepts LLC now owns 190 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 95 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in Ares Management in the second quarter worth $35,000. Redmont Wealth Advisors LLC bought a new position in Ares Management in the 3rd quarter valued at $40,000. Washington Trust Advisors Inc. bought a new position in Ares Management in the 3rd quarter valued at $50,000. Finally, First Horizon Corp purchased a new stake in shares of Ares Management during the 3rd quarter valued at $51,000. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Ares Management Trading Up 5.2%

Shares of ARES opened at $101.54 on Friday. Ares Management Corporation has a fifty-two week low of $95.80 and a fifty-two week high of $195.26. The business has a 50-day moving average of $139.08 and a 200 day moving average of $153.77. The firm has a market cap of $33.45 billion, a P/E ratio of 60.08, a price-to-earnings-growth ratio of 0.75 and a beta of 1.55. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.22 and a current ratio of 1.22.

Ares Management (NYSE:ARES) last released its quarterly earnings data 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 for 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 last year, the company earned $0.55 earnings per share. As a group, research analysts forecast that Ares Management Corporation will post 5.28 EPS for the current year.

Ares Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Tuesday, March 17th. This is an increase from Ares Management’s previous quarterly dividend of $0.84. Ares Management’s dividend payout ratio is currently 265.09%.

Insider Activity at Ares Management

In other Ares Management news, Director Ashish Bhutani acquired 10,000 shares of the business’s stock in a transaction that occurred 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 acquisition, the director owned 34,071 shares in the company, valued at approximately $4,313,729.31. This represents a 41.54% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Judy D. Olian acquired 480 shares of Ares Management stock in a transaction that occurred 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 position. The SEC filing for this purchase provides additional information. 36.86% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ARES has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered their target price on Ares Management from $189.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Morgan Stanley set a $178.00 price target on shares of Ares Management in a research report on Tuesday, January 27th. Wolfe Research set a $210.00 price objective on shares of Ares Management and gave the stock an “outperform” rating in a report on Wednesday, January 7th. Oppenheimer dropped their target price on shares of Ares Management from $224.00 to $215.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Ares Management from a “hold” rating to a “buy” rating and reduced their target price for the company from $182.00 to $155.00 in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.67.

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.