Burling Wealth Partners LLC Has $3.92 Million Stock Position in Ares Management Corporation $ARES

Burling Wealth Partners LLC raised its position in Ares Management Corporation (NYSE:ARES) by 18.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 24,522 shares of the asset manager’s stock after purchasing an additional 3,843 shares during the quarter. Burling Wealth Partners LLC’s holdings in Ares Management were worth $3,921,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Creative Planning lifted its stake in shares of Ares Management by 29.6% during the second quarter. Creative Planning now owns 34,036 shares of the asset manager’s stock valued at $5,895,000 after acquiring an additional 7,776 shares during the period. Principal Financial Group Inc. lifted its position in Ares Management by 2.8% during the 3rd quarter. Principal Financial Group Inc. now owns 3,534,773 shares of the asset manager’s stock valued at $565,180,000 after purchasing an additional 94,825 shares during the period. Wealth Alliance LLC boosted its stake in shares of Ares Management by 30.6% in the 2nd quarter. Wealth Alliance LLC now owns 4,388 shares of the asset manager’s stock valued at $760,000 after purchasing an additional 1,027 shares during the last quarter. Winslow Capital Management LLC acquired a new stake in shares of Ares Management during the 2nd quarter worth approximately $161,774,000. Finally, Quilter Plc raised its stake in shares of Ares Management by 3.9% during the third quarter. Quilter Plc now owns 666,703 shares of the asset manager’s stock worth $106,599,000 after buying an additional 24,964 shares during the last quarter. 50.03% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Michael J. Arougheti sold 186,197 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $152.75, for a total value of $28,441,591.75. Following the sale, the chief executive officer directly owned 290,997 shares in the company, valued at $44,449,791.75. The trade was a 39.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ashish Bhutani acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were purchased at an average price of $126.61 per share, with a total value of $1,266,100.00. Following the completion of the acquisition, the director owned 34,071 shares of the company’s stock, valued at $4,313,729.31. This represents a 41.54% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders sold 590,000 shares of company stock valued at $90,653,808. Company insiders own 36.86% of the company’s stock.

Ares Management Trading Up 2.8%

NYSE:ARES opened at $134.11 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.22 and a quick ratio of 0.22. The business’s 50-day simple moving average is $157.95 and its 200-day simple moving average is $162.40. Ares Management Corporation has a fifty-two week low of $110.63 and a fifty-two week high of $195.26. The stock has a market capitalization of $43.84 billion, a PE ratio of 79.36, a price-to-earnings-growth ratio of 0.79 and a beta of 1.52.

Ares Management (NYSE:ARES) last announced its earnings results on Thursday, February 5th. The asset manager reported $1.45 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.26). Ares Management had a return on equity of 19.26% and a net margin of 9.41%.The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the business posted $0.55 earnings per share. Sell-side 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 disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a $1.35 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $5.40 annualized dividend and a 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%.

Wall Street Analysts Forecast Growth

Several analysts have commented on ARES shares. The Goldman Sachs Group dropped their target price on shares of Ares Management from $189.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Royal Bank Of Canada decreased their price objective on Ares Management from $200.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday, February 9th. Deutsche Bank Aktiengesellschaft raised Ares Management from a “hold” rating to a “buy” rating and cut their target price for the company from $182.00 to $155.00 in a research note on Friday, February 6th. Raymond James Financial upgraded Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 target price for the company in a research report on Monday, February 9th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Ares Management from $188.00 to $189.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $186.47.

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.