Morse Asset Management Inc Has $923,000 Stake in Ares Management Corporation $ARES

Morse Asset Management Inc lowered its position in shares of Ares Management Corporation (NYSE:ARES) by 64.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,770 shares of the asset manager’s stock after selling 10,691 shares during the period. Morse Asset Management Inc’s holdings in Ares Management were worth $923,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ARES. National Bank of Canada FI increased its position in Ares Management by 5.2% during the 3rd quarter. National Bank of Canada FI now owns 179,059 shares of the asset manager’s stock worth $28,624,000 after buying an additional 8,839 shares during the period. Lido Advisors LLC boosted its position in shares of Ares Management by 76.0% in the third quarter. Lido Advisors LLC now owns 11,019 shares of the asset manager’s stock valued at $1,762,000 after acquiring an additional 4,759 shares during the period. Integrated Wealth Concepts LLC boosted its position in shares of Ares Management by 50.9% in the third quarter. Integrated Wealth Concepts LLC now owns 8,438 shares of the asset manager’s stock valued at $1,349,000 after acquiring an additional 2,848 shares during the period. Jain Global LLC acquired a new position in shares of Ares Management in the third quarter valued at about $17,537,000. Finally, Hamlin Capital Management LLC grew its stake in shares of Ares Management by 0.6% in the third quarter. Hamlin Capital Management LLC now owns 1,069,079 shares of the asset manager’s stock valued at $170,935,000 after acquiring an additional 5,863 shares in the last quarter. 50.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Judy D. Olian bought 480 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was purchased at an average price of $124.43 per share, with a total value of $59,726.40. Following the completion of the acquisition, the director owned 29,734 shares of the company’s stock, valued at $3,699,801.62. The trade was a 1.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ashish Bhutani purchased 10,000 shares of Ares Management stock in a transaction dated Friday, February 6th. The stock was bought at an average price of $126.61 per share, for a total transaction of $1,266,100.00. Following the completion of the purchase, the director owned 34,071 shares in the company, valued at $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. Company insiders own 0.52% of the company’s stock.

Ares Management Stock Performance

Shares of Ares Management stock opened at $100.42 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.86. The company has a market cap of $33.09 billion, a PE ratio of 59.42, a price-to-earnings-growth ratio of 0.75 and a beta of 1.56. The company has a 50 day moving average of $137.65 and a 200-day moving average of $153.03. Ares Management Corporation has a 1-year low of $95.80 and a 1-year high of $195.26.

Ares Management (NYSE:ARES) last announced its quarterly earnings data 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 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 the consensus estimate of $1.38 billion. During the same period last year, the business earned $0.55 earnings per share. As a group, equities research analysts forecast that Ares Management Corporation will post 5.28 earnings per share for the current fiscal year.

Ares Management Increases Dividend

The firm 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 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 5.4%. This is an increase from Ares Management’s previous quarterly dividend of $0.84. Ares Management’s dividend payout ratio is currently 265.09%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ARES. The Goldman Sachs Group dropped their price objective on shares of Ares Management from $189.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Oppenheimer dropped their price target on shares of Ares Management from $224.00 to $215.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Weiss Ratings restated a “hold (c)” rating on shares of Ares Management in a research note on Monday, December 29th. Wall Street Zen cut Ares Management from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Finally, Raymond James Financial raised Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 target price on the stock in a report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $182.67.

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.