Ares Management Corporation $ARES Shares Sold by Cumberland Partners Ltd

Cumberland Partners Ltd decreased its position in shares of Ares Management Corporation (NYSE:ARES) by 69.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,090 shares of the asset manager’s stock after selling 25,080 shares during the quarter. Cumberland Partners Ltd’s holdings in Ares Management were worth $1,792,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vulcan Value Partners LLC grew its stake in Ares Management by 10.6% in the 3rd quarter. Vulcan Value Partners LLC now owns 1,350,249 shares of the asset manager’s stock valued at $215,785,000 after acquiring an additional 129,368 shares during the period. Quilter Plc grew its stake in Ares Management by 5.6% in the 4th quarter. Quilter Plc now owns 704,069 shares of the asset manager’s stock valued at $113,799,000 after acquiring an additional 37,366 shares during the period. Hudson Bay Capital Management LP grew its stake in Ares Management by 1,903.9% in the 3rd quarter. Hudson Bay Capital Management LP now owns 60,717 shares of the asset manager’s stock valued at $9,708,000 after acquiring an additional 57,687 shares during the period. CI Investments Inc. grew its stake in Ares Management by 35,425.5% in the 3rd quarter. CI Investments Inc. now owns 221,679 shares of the asset manager’s stock valued at $35,444,000 after acquiring an additional 221,055 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Ares Management in the 3rd quarter valued at $2,971,000. Institutional investors and hedge funds own 50.03% of the company’s stock.

Ares Management Trading Up 0.4%

Shares of ARES opened at $124.45 on Friday. Ares Management Corporation has a 52-week low of $95.80 and a 52-week high of $195.26. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.96. The firm’s fifty day moving average is $113.00 and its two-hundred day moving average is $137.16. The stock has a market cap of $41.05 billion, a PE ratio of 57.88, a price-to-earnings-growth ratio of 1.08 and a beta of 1.50.

Ares Management (NYSE:ARES) last announced its earnings results on Friday, May 1st. The asset manager reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.08). Ares Management had a return on equity of 22.14% and a net margin of 10.54%.The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the firm earned $1.09 EPS. Research analysts forecast that Ares Management Corporation will post 6.06 earnings per share for the current fiscal year.

Ares Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, June 16th. Ares Management’s payout ratio is 251.16%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of Ares Management from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. UBS Group set a $148.00 price target on shares of Ares Management in a research note on Friday, February 20th. JPMorgan Chase & Co. dropped their price target on shares of Ares Management from $188.00 to $144.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 28th. Barclays lifted their price target on shares of Ares Management from $127.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, Raymond James Financial raised shares of Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 price target on the stock in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $162.56.

Ares Management Company 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.