Ares Management Corporation $ARES Position Cut by Jackson Wealth Management LLC

Jackson Wealth Management LLC lowered its holdings in shares of Ares Management Corporation (NYSE:ARES) by 92.7% during the 2nd quarter, Holdings Channel reports. The fund owned 3,238 shares of the asset manager’s stock after selling 41,034 shares during the period. Jackson Wealth Management LLC’s holdings in Ares Management were worth $360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of Ares Management by 55.7% during the fourth quarter. Geode Capital Management LLC now owns 5,489,004 shares of the asset manager’s stock valued at $883,716,000 after purchasing an additional 1,963,460 shares in the last quarter. Capital International Investors grew its position in Ares Management by 0.3% in the 4th quarter. Capital International Investors now owns 4,257,710 shares of the asset manager’s stock valued at $688,176,000 after buying an additional 14,516 shares in the last quarter. Principal Financial Group Inc. increased its stake in Ares Management by 4.4% during the 1st quarter. Principal Financial Group Inc. now owns 4,009,291 shares of the asset manager’s stock valued at $437,417,000 after buying an additional 169,598 shares during the period. Norges Bank bought a new stake in shares of Ares Management during the 4th quarter worth about $396,165,000. Finally, Nuveen LLC lifted its stake in shares of Ares Management by 17.3% in the 4th quarter. Nuveen LLC now owns 2,358,996 shares of the asset manager’s stock worth $381,284,000 after acquiring an additional 347,523 shares during the period. Institutional investors own 50.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ARES. Wall Street Zen lowered shares of Ares Management from a “hold” rating to a “sell” rating in a research note on Saturday, July 4th. Royal Bank Of Canada upped their target price on Ares Management from $162.00 to $168.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. increased their price target on Ares Management from $143.00 to $153.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. BMO Capital Markets boosted their price objective on Ares Management from $128.00 to $134.00 and gave the stock a “market perform” rating in a research note on Monday, August 3rd. Finally, Oppenheimer raised their target price on Ares Management from $151.00 to $162.00 and gave the company an “outperform” rating in a research note on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Ares Management currently has a consensus rating of “Moderate Buy” and an average target price of $160.47.

Ares Management Stock Up 0.4%

ARES stock opened at $143.16 on Tuesday. Ares Management Corporation has a 52-week low of $95.80 and a 52-week high of $186.85. The company’s 50 day simple moving average is $129.16 and its 200-day simple moving average is $122.12. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.26 and a quick ratio of 0.26. The firm has a market capitalization of $47.28 billion, a P/E ratio of 65.67, a P/E/G ratio of 1.23 and a beta of 1.49.

Ares Management (NYSE:ARES) last posted its quarterly earnings data on Friday, July 31st. The asset manager reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. Ares Management had a net margin of 10.63% and a return on equity of 25.42%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the business posted $1.03 EPS. The company’s revenue was up 5.8% on a year-over-year basis. As a group, equities research analysts anticipate that Ares Management Corporation will post 5.94 EPS for the current year.

Ares Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, September 16th. Ares Management’s dividend payout ratio (DPR) is 247.71%.

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.