Ares Management Corporation $ARES Shares Sold by Kepler Cheuvreux Suisse SA

Kepler Cheuvreux Suisse SA lowered its position in shares of Ares Management Corporation (NYSE:ARES) by 41.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 15,494 shares of the asset manager’s stock after selling 10,805 shares during the quarter. Kepler Cheuvreux Suisse SA’s holdings in Ares Management were worth $2,504,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vulcan Value Partners LLC lifted its position in Ares Management by 10.6% during the 3rd 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. Quilter Plc lifted its holdings in shares of Ares Management by 5.6% in the 4th quarter. Quilter Plc now owns 704,069 shares of the asset manager’s stock valued at $113,799,000 after buying an additional 37,366 shares during the period. Hudson Bay Capital Management LP lifted its holdings in shares of Ares Management by 1,903.9% in the 3rd quarter. Hudson Bay Capital Management LP now owns 60,717 shares of the asset manager’s stock valued at $9,708,000 after buying an additional 57,687 shares during the period. CI Investments Inc. lifted its holdings in shares of Ares Management by 35,425.5% in the 3rd quarter. CI Investments Inc. now owns 221,679 shares of the asset manager’s stock valued at $35,444,000 after buying an additional 221,055 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Ares Management in the 3rd quarter valued at about $2,971,000. Institutional investors and hedge funds own 50.03% of the company’s stock.

Insider Buying and Selling at Ares Management

In other Ares Management news, Director Judy D. Olian purchased 480 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was purchased at an average price of $124.43 per share, for a total transaction of $59,726.40. Following the purchase, the director directly owned 29,734 shares in the company, valued at approximately $3,699,801.62. This trade represents a 1.64% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 36.86% of the stock is currently owned by corporate insiders.

Ares Management Price Performance

Shares of Ares Management stock opened at $126.23 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. Ares Management Corporation has a twelve month low of $95.80 and a twelve month high of $195.26. The business has a 50-day moving average price of $110.48 and a 200 day moving average price of $139.03. The firm has a market cap of $41.59 billion, a PE ratio of 58.71, a P/E/G ratio of 1.10 and a beta of 1.50.

Ares Management (NYSE:ARES) last announced its quarterly earnings results on Friday, May 1st. The asset manager reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.08). Ares Management had a net margin of 10.54% and a return on equity of 22.02%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. Sell-side analysts predict that Ares Management Corporation will post 6.05 earnings per share for the current fiscal year.

Ares Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Tuesday, June 16th. Ares Management’s payout ratio is currently 251.16%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ARES shares. Barclays boosted their price objective on Ares Management from $127.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Morgan Stanley decreased their price objective on Ares Management from $178.00 to $163.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. BMO Capital Markets decreased their price objective on Ares Management from $140.00 to $112.00 and set a “market perform” rating for the company in a report on Tuesday, March 24th. Oppenheimer reissued an “outperform” rating and issued a $146.00 price objective (down from $147.00) on shares of Ares Management in a report on Monday, May 4th. Finally, Citizens Jmp decreased their price objective on Ares Management from $205.00 to $190.00 and set a “market outperform” rating for the company in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $166.06.

About Ares Management

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.