Hsbc Holdings PLC Acquires 261,474 Shares of Ares Management Corporation $ARES

Hsbc Holdings PLC boosted its stake in shares of Ares Management Corporation (NYSE:ARES) by 194.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 395,965 shares of the asset manager’s stock after acquiring an additional 261,474 shares during the quarter. Hsbc Holdings PLC’s holdings in Ares Management were worth $64,186,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Ares Management by 20.2% during the fourth 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 last quarter. Norges Bank bought a new position in Ares Management in the 4th quarter valued at $396,165,000. 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 valued at $883,716,000 after buying an additional 1,963,460 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Ares Management by 26.3% during the fourth 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 during the last quarter. Finally, River Road Asset Management LLC lifted its stake in shares of Ares Management by 40,652.1% during the fourth quarter. River Road Asset Management LLC now owns 807,300 shares of the asset manager’s stock valued at $130,484,000 after acquiring an additional 805,319 shares during the period. 50.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ARES has been the topic of several analyst reports. 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 report on Tuesday, March 24th. Oppenheimer restated an “outperform” rating and issued a $146.00 price target (down from $147.00) on shares of Ares Management in a research report on Monday, May 4th. The Goldman Sachs Group cut their price target on shares of Ares Management from $165.00 to $131.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Weiss Ratings restated a “hold (c)” rating on shares of Ares Management in a report on Tuesday, May 26th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Ares Management in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Ares Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.56.

Ares Management Trading Down 2.8%

NYSE:ARES opened at $125.75 on Tuesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.23 and a quick ratio of 0.23. The business’s 50-day simple moving average is $123.12 and its 200-day simple moving average is $133.71. Ares Management Corporation has a fifty-two week low of $95.80 and a fifty-two week high of $195.26. The stock has a market capitalization of $41.48 billion, a PE ratio of 58.49, a price-to-earnings-growth ratio of 1.13 and a beta of 1.51.

Ares Management (NYSE:ARES) last posted its earnings results on Friday, May 1st. The asset manager reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.28 billion. During the same period in the previous year, the company posted $1.09 earnings per share. Sell-side analysts expect that Ares Management Corporation will post 6.06 earnings per share for the current fiscal year.

Ares Management Announces Dividend

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 issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Tuesday, June 16th. Ares Management’s dividend payout ratio (DPR) is presently 251.16%.

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.