Ares Management Corporation $ARES Stock Holdings Lowered by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its position in shares of Ares Management Corporation (NYSE:ARES) by 27.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,294 shares of the asset manager’s stock after selling 1,253 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Ares Management were worth $571,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. PFG Investments LLC bought a new position in shares of Ares Management during the second quarter worth about $256,000. LBP AM SA bought a new position in Ares Management in the 2nd quarter valued at about $4,230,000. Truist Financial Corp grew its position in Ares Management by 3.5% in the 2nd quarter. Truist Financial Corp now owns 602,743 shares of the asset manager’s stock valued at $104,395,000 after buying an additional 20,636 shares in the last quarter. HB Wealth Management LLC grew its position in Ares Management by 7.9% in the 2nd quarter. HB Wealth Management LLC now owns 5,312 shares of the asset manager’s stock valued at $920,000 after buying an additional 389 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in Ares Management by 1.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 109,817 shares of the asset manager’s stock valued at $19,020,000 after buying an additional 1,500 shares in the last quarter. Institutional investors own 50.03% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Antony P. Ressler sold 196,197 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $178.79, for a total value of $35,078,061.63. Following the transaction, the chairman owned 1,424,538 shares in the company, valued at approximately $254,693,149.02. This represents a 12.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael J. Arougheti sold 136,516 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $182.74, for a total value of $24,946,933.84. Following the completion of the transaction, the chief executive officer owned 311,728 shares in the company, valued at $56,965,174.72. This represents a 30.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,590,000 shares of company stock worth $464,430,639 in the last 90 days. 36.86% of the stock is currently owned by corporate insiders.

Ares Management Price Performance

Shares of ARES opened at $149.45 on Thursday. The company has a market capitalization of $48.83 billion, a price-to-earnings ratio of 86.39, a P/E/G ratio of 1.16 and a beta of 1.43. Ares Management Corporation has a fifty-two week low of $110.63 and a fifty-two week high of $200.49. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.08 and a quick ratio of 1.08. The business’s 50-day moving average is $176.87 and its 200-day moving average is $167.26.

Ares Management (NYSE:ARES) last issued its earnings results on Friday, August 1st. The asset manager reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.12). The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.02 billion. Ares Management had a net margin of 9.47% and a return on equity of 15.81%. During the same quarter in the prior year, the company earned $0.99 EPS. Equities research analysts expect that Ares Management Corporation will post 5.28 EPS for the current fiscal year.

Ares Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a $1.12 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $4.48 dividend on an annualized basis and a yield of 3.0%. Ares Management’s dividend payout ratio is currently 258.96%.

Wall Street Analysts Forecast Growth

ARES has been the subject of a number of recent analyst reports. Cfra Research upgraded shares of Ares Management to a “moderate buy” rating in a research report on Monday, August 4th. Wells Fargo & Company increased their target price on shares of Ares Management from $189.00 to $202.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Barclays decreased their target price on shares of Ares Management from $200.00 to $187.00 and set an “overweight” rating for the company in a research report on Wednesday. JMP Securities increased their target price on shares of Ares Management from $195.00 to $205.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 6th. Finally, BMO Capital Markets began coverage on shares of Ares Management in a report on Friday, October 3rd. They issued a “market perform” rating and a $156.00 price target for the company. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Ares Management has an average rating of “Moderate Buy” and a consensus target price of $180.00.

Ares Management Profile

Ares Management Corporation operates as an alternative asset manager in the United States, Europe, and Asia. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets.