Nordea Investment Management AB Acquires 3,729 Shares of Ares Management Corporation $ARES

Nordea Investment Management AB lifted its stake in Ares Management Corporation (NYSE:ARES) by 7.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,957 shares of the asset manager’s stock after buying an additional 3,729 shares during the period. Nordea Investment Management AB’s holdings in Ares Management were worth $8,472,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ARES. Exchange Traded Concepts LLC raised its holdings in Ares Management by 100.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 190 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 95 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of Ares Management in the second quarter worth $35,000. Ameritas Advisory Services LLC acquired a new position in Ares Management in the second quarter valued at about $43,000. First Horizon Corp bought a new stake in Ares Management during the third quarter worth about $51,000. Finally, Geneos Wealth Management Inc. lifted 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 worth $72,000 after purchasing an additional 432 shares during the period. Institutional investors and hedge funds own 50.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ARES shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $215.00 target price on shares of Ares Management in a report on Monday, September 29th. TD Cowen increased their price target on shares of Ares Management from $197.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday. Wolfe Research set a $210.00 price objective on shares of Ares Management and gave the company an “outperform” rating in a research note on Wednesday, January 7th. Keefe, Bruyette & Woods raised their target price on Ares Management from $188.00 to $189.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. Finally, Cowen reissued a “buy” rating on shares of Ares Management in a report on Wednesday. Thirteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ares Management presently has an average rating of “Moderate Buy” and a consensus price target of $192.14.

Insider Transactions at Ares Management

In related news, CEO Michael J. Arougheti sold 186,197 shares of Ares Management stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $152.75, for a total transaction of $28,441,591.75. Following the sale, the chief executive officer directly owned 290,997 shares in the company, valued at $44,449,791.75. This trade represents a 39.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have sold 590,000 shares of company stock valued at $90,653,808. 36.86% of the stock is owned by company insiders.

Ares Management Stock Up 0.3%

Shares of NYSE:ARES opened at $170.00 on Friday. Ares Management Corporation has a 52-week low of $110.63 and a 52-week high of $200.49. The company has a market capitalization of $55.57 billion, a PE ratio of 72.96, a price-to-earnings-growth ratio of 0.98 and a beta of 1.53. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.22 and a current ratio of 0.22. The company has a fifty day moving average of $163.30 and a 200-day moving average of $168.39.

Ares Management (NYSE:ARES) last issued its quarterly earnings data on Friday, October 31st. The asset manager reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.05. Ares Management had a return on equity of 16.33% and a net margin of 11.72%.The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the company posted $0.55 EPS. On average, equities analysts predict that Ares Management Corporation will post 5.28 EPS for the current fiscal year.

Ares Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th were paid a $0.8438 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $3.38 annualized dividend and a dividend yield of 2.0%. Ares Management’s dividend payout ratio is currently 192.27%.

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.