Generali Asset Management SPA SGR Has $1 Million Position in Ares Management Corporation $ARES

Generali Asset Management SPA SGR reduced its position in shares of Ares Management Corporation (NYSE:ARES) by 56.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,202 shares of the asset manager’s stock after selling 7,897 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Ares Management were worth $1,002,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ARES. Vanguard Group Inc. raised its stake in Ares Management by 20.2% during the 4th quarter. Vanguard Group Inc. now owns 26,050,425 shares of the asset manager’s stock valued at $4,210,530,000 after purchasing an additional 4,373,955 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Ares Management by 26.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,705,599 shares of the asset manager’s stock worth $922,196,000 after acquiring an additional 1,187,174 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Ares Management by 487.4% in the third quarter. Marshall Wace LLP now owns 912,656 shares of the asset manager’s stock worth $145,925,000 after acquiring an additional 757,293 shares during the last quarter. Balyasny Asset Management L.P. increased its stake in shares of Ares Management by 1,172.9% in the third quarter. Balyasny Asset Management L.P. now owns 622,796 shares of the asset manager’s stock worth $99,579,000 after acquiring an additional 573,870 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Ares Management by 8.6% in the fourth quarter. Principal Financial Group Inc. now owns 3,839,693 shares of the asset manager’s stock worth $620,616,000 after acquiring an additional 304,920 shares during the last quarter. 50.03% of the stock is owned by institutional investors and hedge funds.

Ares Management Trading Down 0.0%

Ares Management stock opened at $126.23 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market capitalization of $41.59 billion, a price-to-earnings ratio of 58.71, a PEG ratio of 1.10 and a beta of 1.50. Ares Management Corporation has a one year low of $95.80 and a one year high of $195.26. The company’s fifty day moving average price is $110.48 and its two-hundred day moving average price is $139.03.

Ares Management (NYSE:ARES) last posted its earnings results on Friday, May 1st. The asset manager reported $1.24 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.08). The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.28 billion. Ares Management had a return on equity of 22.02% and a net margin of 10.54%.During the same period in the previous year, the company earned $1.09 earnings per share. On average, analysts forecast that Ares Management Corporation will post 6.05 earnings per share for the current fiscal year.

Ares Management Announces Dividend

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

Analyst Ratings Changes

ARES has been the topic of a number of research reports. Raymond James Financial raised shares of 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 note on Monday, February 9th. BMO Capital Markets dropped their price target on shares of Ares Management from $140.00 to $112.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 24th. The Goldman Sachs Group dropped their price target on shares of Ares Management from $165.00 to $131.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Citizens Jmp dropped their price target on shares of Ares Management from $205.00 to $190.00 and set a “market outperform” rating on the stock in a research note on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft raised shares of Ares Management from a “hold” rating to a “buy” rating and dropped their price target for the stock from $182.00 to $155.00 in a research note on Friday, February 6th. One equities research 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $166.06.

Insider Buying and Selling

In other Ares Management news, Director Judy D. Olian bought 480 shares of the stock in a transaction on Friday, February 20th. The shares were purchased at an average cost of $124.43 per share, with a total value of $59,726.40. Following the completion of the transaction, the director directly owned 29,734 shares of the company’s stock, valued at $3,699,801.62. This represents a 1.64% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 36.86% of the stock is owned by insiders.

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.