Hunting Hill Global Capital LLC Trims Stock Position in Ares Management Corporation $ARES

Hunting Hill Global Capital LLC reduced its stake in shares of Ares Management Corporation (NYSE:ARES) by 45.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,088 shares of the asset manager’s stock after selling 6,712 shares during the quarter. Ares Management makes up about 0.9% of Hunting Hill Global Capital LLC’s holdings, making the stock its 23rd biggest holding. Hunting Hill Global Capital LLC’s holdings in Ares Management were worth $1,307,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Ares Management by 20.2% during the 4th quarter. Vanguard Group Inc. now owns 26,050,425 shares of the asset manager’s stock valued at $4,210,530,000 after purchasing an additional 4,373,955 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Ares Management by 26.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,705,599 shares of the asset manager’s stock worth $922,196,000 after acquiring an additional 1,187,174 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Ares Management by 55.7% in the 4th quarter. Geode Capital Management LLC now owns 5,489,004 shares of the asset manager’s stock worth $883,716,000 after acquiring an additional 1,963,460 shares in the last quarter. Capital International Investors increased its stake in shares of Ares Management by 0.3% in the 4th quarter. Capital International Investors now owns 4,257,710 shares of the asset manager’s stock worth $688,176,000 after acquiring an additional 14,516 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Ares Management by 8.6% in the 4th quarter. Principal Financial Group Inc. now owns 3,839,693 shares of the asset manager’s stock worth $620,616,000 after acquiring an additional 304,920 shares in the last quarter. 50.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ARES. Zacks Research upgraded shares of Ares Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ares Management in a research note on Wednesday, April 29th. Barclays increased their price target on shares of Ares Management from $127.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Oppenheimer reiterated an “outperform” rating and issued a $146.00 price target (down from $147.00) on shares of Ares Management in a research note on Monday, May 4th. Finally, The Goldman Sachs Group decreased their price target on shares of Ares Management from $165.00 to $131.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Ares Management has a consensus rating of “Moderate Buy” and an average target price of $162.56.

Ares Management Stock Performance

Shares of ARES stock opened at $128.40 on Thursday. Ares Management Corporation has a one year low of $95.80 and a one year high of $195.26. The company’s 50-day moving average is $121.66 and its 200 day moving average is $134.35. The company has a market capitalization of $42.35 billion, a price-to-earnings ratio of 59.72, a price-to-earnings-growth ratio of 1.18 and a beta of 1.51. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.23 and a current ratio of 0.23.

Ares Management (NYSE:ARES) last announced its quarterly earnings data on Friday, May 1st. The asset manager reported $1.24 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.08). Ares Management had a net margin of 10.54% and a return on equity of 22.14%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period last year, the company posted $1.09 earnings per share. Sell-side analysts expect that Ares Management Corporation will post 6.06 EPS for the current fiscal year.

Ares Management Announces Dividend

The company 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 dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, June 16th. Ares Management’s dividend payout ratio is 251.16%.

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.