Ares Management Corporation $ARES Shares Purchased by LRI Investments LLC

LRI Investments LLC grew its holdings in shares of Ares Management Corporation (NYSE:ARES) by 10.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,586,253 shares of the asset manager’s stock after buying an additional 238,531 shares during the quarter. Ares Management makes up 29.2% of LRI Investments LLC’s portfolio, making the stock its largest position. LRI Investments LLC owned about 0.79% of Ares Management worth $413,516,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Exchange Traded Concepts LLC raised its position in shares of Ares Management by 100.0% in the third quarter. Exchange Traded Concepts LLC now owns 190 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 95 shares during the period. Elevation Point Wealth Partners LLC bought a new position in Ares Management in the 2nd quarter valued at about $35,000. Ameritas Advisory Services LLC acquired a new stake in Ares Management during the second quarter worth approximately $43,000. First Horizon Corp acquired a new stake in Ares Management during the third quarter worth approximately $51,000. Finally, Covestor Ltd boosted its holdings in shares of Ares Management by 182.6% during the third quarter. Covestor Ltd now owns 421 shares of the asset manager’s stock worth $67,000 after acquiring an additional 272 shares during the period. Institutional investors own 50.03% of the company’s stock.

Analyst Ratings Changes

ARES has been the subject of a number of recent research reports. Oppenheimer reissued an “outperform” rating and issued a $224.00 target price on shares of Ares Management in a research report on Tuesday, January 20th. BMO Capital Markets began coverage on shares of Ares Management in a research report on Friday, October 3rd. They set a “market perform” rating and a $156.00 target price on the stock. UBS Group dropped their price target on shares of Ares Management from $201.00 to $198.00 and set a “neutral” rating for the company in a research report on Tuesday, January 13th. Citigroup reissued a “market outperform” rating on shares of Ares Management in a research report on Tuesday, October 21st. Finally, TD Cowen reaffirmed a “buy” rating on shares of Ares Management in a report on Wednesday, January 14th. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $194.79.

Insider Buying and Selling

In other Ares Management news, CEO Michael J. Arougheti sold 56,257 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $157.26, for a total value of $8,846,975.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 590,000 shares of company stock worth $90,653,808. 0.52% of the stock is owned by company insiders.

Ares Management Stock Up 0.4%

Shares of NYSE:ARES opened at $149.91 on Thursday. 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 $49.00 billion, a PE ratio of 64.34, a price-to-earnings-growth ratio of 0.86 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 $164.82 and a 200-day moving average of $167.25.

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. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.03 billion. Ares Management had a return on equity of 16.33% and a net margin of 11.72%.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 firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th were given a dividend of $0.8438 per share. The ex-dividend date was Wednesday, December 17th. This represents a $3.38 annualized dividend and a yield of 2.3%. Ares Management’s dividend payout ratio (DPR) is currently 192.27%.

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.