King Luther Capital Management Corp Purchases 13,680 Shares of Ares Management Corporation $ARES

King Luther Capital Management Corp grew its holdings in shares of Ares Management Corporation (NYSE:ARES) by 8.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 173,651 shares of the asset manager’s stock after buying an additional 13,680 shares during the quarter. King Luther Capital Management Corp owned 0.05% of Ares Management worth $27,765,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ARES. Avestar Capital LLC boosted its holdings in Ares Management by 218.1% during the 3rd quarter. Avestar Capital LLC now owns 5,911 shares of the asset manager’s stock valued at $945,000 after acquiring an additional 4,053 shares during the period. NewEdge Wealth LLC lifted its position in shares of Ares Management by 46.8% during the third quarter. NewEdge Wealth LLC now owns 12,442 shares of the asset manager’s stock worth $1,907,000 after purchasing an additional 3,966 shares during the last quarter. Redmont Wealth Advisors LLC purchased a new stake in shares of Ares Management during the third quarter valued at $40,000. Axxcess Wealth Management LLC grew its holdings in shares of Ares Management by 69.0% in the third quarter. Axxcess Wealth Management LLC now owns 3,453 shares of the asset manager’s stock worth $552,000 after purchasing an additional 1,410 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Ares Management in the third quarter worth about $570,000. 50.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Ashish Bhutani acquired 10,000 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were purchased at an average price of $126.61 per share, with a total value of $1,266,100.00. Following the transaction, the director directly owned 34,071 shares in the company, valued at approximately $4,313,729.31. This represents a 41.54% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael J. Arougheti sold 186,197 shares of the 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 of the company’s stock, valued at $44,449,791.75. The trade was a 39.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 590,000 shares of company stock worth $90,653,808. Insiders own 36.86% of the company’s stock.

Ares Management Trading Up 2.8%

Shares of NYSE:ARES opened at $134.11 on Thursday. Ares Management Corporation has a 12-month low of $110.63 and a 12-month high of $195.26. The business’s fifty day simple moving average is $157.95 and its 200-day simple moving average is $162.40. The company has a market capitalization of $43.84 billion, a PE ratio of 79.36, a P/E/G ratio of 0.79 and a beta of 1.52. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.62.

Ares Management (NYSE:ARES) last issued its quarterly earnings data on Thursday, February 5th. The asset manager reported $1.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.26). Ares Management had a return on equity of 19.26% and a net margin of 9.41%.The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the company earned $0.55 earnings per share. As a group, equities research analysts predict that Ares Management Corporation will post 5.28 earnings per share for the current fiscal year.

Ares Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a $1.35 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.0%. This is an increase from Ares Management’s previous quarterly dividend of $0.84. Ares Management’s dividend payout ratio (DPR) is 265.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ARES shares. The Goldman Sachs Group decreased their price objective on shares of Ares Management from $189.00 to $165.00 and set a “buy” rating for the company in a report on Friday, February 6th. TD Cowen reaffirmed a “buy” rating on shares of Ares Management in a research note on Wednesday, January 14th. Wolfe Research set a $210.00 price target on Ares Management and gave the company an “outperform” rating in a report on Wednesday, January 7th. UBS Group reduced their price objective on Ares Management from $201.00 to $198.00 and set a “neutral” rating on the stock in a report on Tuesday, January 13th. Finally, Morgan Stanley set a $178.00 target price on Ares Management in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Ares Management currently has an average rating of “Moderate Buy” and a consensus price target of $186.47.

Ares Management 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.