Great Diamond Partners LLC Decreases Stock Holdings in Ares Management Corporation $ARES

Great Diamond Partners LLC decreased its holdings in shares of Ares Management Corporation (NYSE:ARES) by 29.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 16,587 shares of the asset manager’s stock after selling 6,987 shares during the period. Great Diamond Partners LLC’s holdings in Ares Management were worth $2,681,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ARES. AQR Capital Management LLC increased its position in Ares Management by 116.7% during the first quarter. AQR Capital Management LLC now owns 10,360 shares of the asset manager’s stock valued at $1,519,000 after acquiring an additional 5,579 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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 valued at $197,000 after acquiring an additional 70 shares during the last quarter. Empowered Funds LLC increased its position in Ares Management by 42.7% during the first 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 last quarter. Focus Partners Wealth increased its position in Ares Management by 15.3% during the first 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 last quarter. Finally, Geneos Wealth Management Inc. increased its position in Ares Management by 708.2% during the first quarter. Geneos Wealth Management Inc. now owns 493 shares of the asset manager’s stock valued at $72,000 after acquiring an additional 432 shares during the last quarter. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Insider Activity at Ares Management

In other Ares Management news, Director Judy D. Olian purchased 480 shares of Ares Management stock in a transaction on Friday, February 20th. The stock was bought at an average cost of $124.43 per share, with a total value of $59,726.40. Following the transaction, the director owned 29,734 shares of the company’s stock, valued at $3,699,801.62. This represents a 1.64% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 36.86% of the stock is owned by insiders.

Ares Management Stock Up 0.7%

Shares of Ares Management stock opened at $122.01 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.23 and a quick ratio of 0.23. Ares Management Corporation has a 1 year low of $95.80 and a 1 year high of $195.26. The firm’s 50-day moving average is $112.27 and its two-hundred day moving average is $137.42. The stock has a market cap of $40.25 billion, a price-to-earnings ratio of 56.75, a PEG ratio of 1.06 and a beta of 1.50.

Ares Management (NYSE:ARES) last released its quarterly earnings results on Friday, May 1st. The asset manager reported $1.24 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.08). The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Ares Management had a net margin of 10.54% and a return on equity of 22.14%. During the same period in the previous year, the company posted $1.09 earnings per share. As a group, research analysts expect that Ares Management Corporation will post 6.05 earnings per share for the current fiscal year.

Ares Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, June 16th. Ares Management’s dividend payout ratio (DPR) is presently 251.16%.

Analysts Set New Price Targets

A number of research analysts have weighed in on ARES shares. Oppenheimer reiterated an “outperform” rating and set a $146.00 price objective (down from $147.00) on shares of Ares Management in a research report on Monday, May 4th. Morgan Stanley cut their price objective on shares of Ares Management from $178.00 to $163.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. BMO Capital Markets cut their price objective on shares of Ares Management from $140.00 to $112.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 24th. UBS Group set a $148.00 price objective on shares of Ares Management in a research report on Friday, February 20th. Finally, TD Cowen cut their price objective on shares of Ares Management from $148.00 to $144.00 and set a “buy” rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Ares Management presently has an average rating of “Moderate Buy” and a consensus target price of $162.56.

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.