8,343 Shares in Ares Management Corporation $ARES Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new position in shares of Ares Management Corporation (NYSE:ARES) during the 3rd quarter, HoldingsChannel reports. The firm bought 8,343 shares of the asset manager’s stock, valued at approximately $1,334,000.

Several other large investors have also modified their holdings of ARES. Exchange Traded Concepts LLC lifted its position in shares of Ares Management by 100.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 190 shares of the asset manager’s stock worth $30,000 after purchasing an additional 95 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in Ares Management during the second quarter valued at approximately $35,000. Redmont Wealth Advisors LLC bought a new position in Ares Management in the third quarter worth approximately $40,000. Washington Trust Advisors Inc. purchased a new stake in Ares Management during the third quarter worth $50,000. Finally, First Horizon Corp purchased a new stake in Ares Management during the third quarter worth $51,000. Institutional investors own 50.03% of the company’s stock.

Ares Management Stock Up 1.8%

ARES stock opened at $119.25 on Thursday. The stock has a market capitalization of $38.98 billion, a PE ratio of 70.56, a price-to-earnings-growth ratio of 0.71 and a beta of 1.52. Ares Management Corporation has a 52 week low of $110.63 and a 52 week high of $195.26. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average of $152.72 and a 200 day moving average of $160.04.

Ares Management (NYSE:ARES) last posted its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the business posted $0.55 EPS. Sell-side analysts forecast that Ares Management Corporation will post 5.28 earnings per share for the current year.

Ares Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $5.40 dividend on an annualized basis and a yield of 4.5%. 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 at Ares Management

In other news, Director Ashish Bhutani purchased 10,000 shares of the company’s stock in a transaction on Friday, February 6th. The shares were acquired at an average price of $126.61 per share, for a total transaction of $1,266,100.00. Following the purchase, the director owned 34,071 shares in the company, valued at $4,313,729.31. This trade represents a 41.54% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael J. Arougheti sold 56,257 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $157.26, for a total value of $8,846,975.82. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 36.86% of the company’s stock.

Wall Street Analysts Forecast Growth

ARES has been the topic of a number of analyst reports. Wolfe Research set a $210.00 price target on Ares Management and gave the company an “outperform” rating in a report on Wednesday, January 7th. TD Cowen reiterated a “buy” rating on shares of Ares Management in a research note on Wednesday, January 14th. Keefe, Bruyette & Woods boosted their target price on shares of Ares Management from $188.00 to $189.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Barclays decreased their price target on shares of Ares Management from $222.00 to $190.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Finally, UBS Group set a $148.00 price objective on shares of Ares Management in a research report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Ares Management has a consensus rating of “Moderate Buy” and a consensus target price of $182.67.

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.