Ares Management Corporation $ARES Shares Acquired by Cumberland Partners Ltd

Cumberland Partners Ltd grew its position in shares of Ares Management Corporation (NYSE:ARES) by 61.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,170 shares of the asset manager’s stock after purchasing an additional 13,705 shares during the quarter. Cumberland Partners Ltd’s holdings in Ares Management were worth $5,783,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Burling Wealth Partners LLC boosted its holdings in Ares Management by 18.6% during the third quarter. Burling Wealth Partners LLC now owns 24,522 shares of the asset manager’s stock worth $3,921,000 after buying an additional 3,843 shares in the last quarter. King Luther Capital Management Corp raised its position in shares of Ares Management by 8.6% in the third quarter. King Luther Capital Management Corp now owns 173,651 shares of the asset manager’s stock worth $27,765,000 after acquiring an additional 13,680 shares during the period. Avestar Capital LLC raised its position in shares of Ares Management by 218.1% in the third quarter. Avestar Capital LLC now owns 5,911 shares of the asset manager’s stock worth $945,000 after acquiring an additional 4,053 shares during the period. NewEdge Wealth LLC boosted its stake in shares of Ares Management by 46.8% during the 3rd quarter. NewEdge Wealth LLC now owns 12,442 shares of the asset manager’s stock worth $1,907,000 after acquiring an additional 3,966 shares in the last quarter. Finally, Redmont Wealth Advisors LLC acquired a new stake in shares of Ares Management during the 3rd quarter valued at about $40,000. 50.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ARES has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ares Management in a report on Monday, December 29th. Keefe, Bruyette & Woods upped their target price on Ares Management from $188.00 to $189.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Raymond James Financial upgraded Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 target price on the stock in a research report on Monday, February 9th. Morgan Stanley set a $178.00 price target on shares of Ares Management in a report on Tuesday, January 27th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Ares Management from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $182.00 to $155.00 in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $186.47.

Ares Management Trading Up 2.8%

Shares of ARES stock opened at $134.11 on Thursday. Ares Management Corporation has a fifty-two week low of $110.63 and a fifty-two week high of $195.26. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.22 and a current ratio of 0.22. The stock’s fifty day moving average is $157.95 and its two-hundred day moving average is $162.40. The firm has a market capitalization of $43.84 billion, a P/E ratio of 79.36, a PEG ratio of 0.79 and a beta of 1.52.

Ares Management (NYSE:ARES) last issued its earnings results on Thursday, February 5th. The asset manager reported $1.45 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.26). The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.38 billion. Ares Management had a net margin of 9.41% and a return on equity of 19.26%. During the same quarter last year, the company earned $0.55 earnings per share. Research analysts expect that Ares Management Corporation will post 5.28 earnings per share for the current fiscal year.

Ares Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a dividend of $1.35 per share. The ex-dividend date is Tuesday, March 17th. This represents a $5.40 annualized dividend and a dividend yield of 4.0%. This is an increase from Ares Management’s previous quarterly dividend of $0.84. Ares Management’s payout ratio is presently 265.09%.

Insider Buying and Selling

In related news, Director Ashish Bhutani bought 10,000 shares of the business’s stock in a transaction on Friday, February 6th. The stock was acquired at an average cost of $126.61 per share, with a total value of $1,266,100.00. Following the purchase, the director directly owned 34,071 shares of the company’s stock, valued at $4,313,729.31. The trade was a 41.54% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael J. Arougheti sold 56,257 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $157.26, for a total transaction of $8,846,975.82. The disclosure for this sale is available in the SEC filing. Insiders sold 590,000 shares of company stock valued at $90,653,808 over the last 90 days. Company insiders own 36.86% of the company’s stock.

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.