Ares Management Corporation $ARES Shares Purchased by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP increased its position in shares of Ares Management Corporation (NYSE:ARES) by 935.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 41,130 shares of the asset manager’s stock after buying an additional 37,157 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Ares Management were worth $6,576,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in Ares Management by 116.7% in the first quarter. AQR Capital Management LLC now owns 10,360 shares of the asset manager’s stock valued at $1,519,000 after buying an additional 5,579 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Ares Management by 5.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,344 shares of the asset manager’s stock worth $197,000 after acquiring an additional 70 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Ares Management by 42.7% in the 1st quarter. Empowered Funds LLC now owns 6,197 shares of the asset manager’s stock valued at $909,000 after acquiring an additional 1,853 shares during the period. Focus Partners Wealth increased its holdings in shares of Ares Management by 15.3% in the 1st quarter. Focus Partners Wealth now owns 1,902 shares of the asset manager’s stock valued at $279,000 after acquiring an additional 252 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in Ares Management by 708.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 493 shares of the asset manager’s stock valued at $72,000 after purchasing an additional 432 shares during the last quarter. Institutional investors and hedge funds own 50.03% of the company’s stock.

Insider Activity at Ares Management

In other Ares Management news, Director Judy D. Olian bought 480 shares of the company’s stock in a transaction on Friday, February 20th. The shares were bought at an average price of $124.43 per share, for a total transaction of $59,726.40. Following the transaction, the director owned 29,734 shares of the company’s stock, valued at approximately $3,699,801.62. This trade represents a 1.64% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ashish Bhutani bought 10,000 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were acquired at an average cost of $126.61 per share, with a total value of $1,266,100.00. Following the completion of the purchase, the director owned 34,071 shares in the company, valued at approximately $4,313,729.31. This represents a 41.54% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 36.86% of the company’s stock.

Ares Management Stock Up 5.2%

Shares of Ares Management stock opened at $101.54 on Friday. Ares Management Corporation has a one year low of $95.80 and a one year high of $195.26. The company has a market cap of $33.45 billion, a P/E ratio of 60.08, a PEG ratio of 0.75 and a beta of 1.55. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a fifty day moving average of $139.08 and a two-hundred day moving average of $153.77.

Ares Management (NYSE:ARES) last issued its earnings results on Thursday, February 5th. The asset manager reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.26). Ares Management had a net margin of 9.41% and a return on equity of 19.04%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the firm earned $0.55 EPS. On average, analysts forecast that Ares Management Corporation will post 5.28 earnings per share for the current year.

Ares Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a $1.35 dividend. 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 5.3%. This is a boost from Ares Management’s previous quarterly dividend of $0.84. Ares Management’s dividend payout ratio is presently 265.09%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ARES. Oppenheimer lowered their price objective on shares of Ares Management from $224.00 to $215.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Royal Bank Of Canada reduced their target price on shares of Ares Management from $180.00 to $173.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Wall Street Zen downgraded shares of Ares Management from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Wolfe Research set a $210.00 price target on Ares Management and gave the stock an “outperform” rating in a report on Wednesday, January 7th. Finally, The Goldman Sachs Group reduced their price objective on Ares Management from $189.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.