Ares Management Corporation $ARES Shares Sold by Fieldview Capital Management LLC

Fieldview Capital Management LLC lessened its holdings in Ares Management Corporation (NYSE:ARES) by 46.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,963 shares of the asset manager’s stock after selling 10,338 shares during the period. Fieldview Capital Management LLC’s holdings in Ares Management were worth $1,913,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ARES. Vanguard Group Inc. boosted its position in Ares Management by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 21,676,470 shares of the asset manager’s stock worth $3,465,851,000 after purchasing an additional 740,103 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Ares Management by 2.8% during the third quarter. Principal Financial Group Inc. now owns 3,534,773 shares of the asset manager’s stock worth $565,180,000 after purchasing an additional 94,825 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Ares Management by 7.6% during the second quarter. Geode Capital Management LLC now owns 3,454,083 shares of the asset manager’s stock worth $596,280,000 after purchasing an additional 244,286 shares in the last quarter. LRI Investments LLC boosted its position in shares of Ares Management by 10.2% in the third quarter. LRI Investments LLC now owns 2,586,253 shares of the asset manager’s stock worth $413,516,000 after buying an additional 238,531 shares during the period. Finally, Norges Bank purchased a new stake in shares of Ares Management in the second quarter worth about $328,910,000. Institutional investors and hedge funds own 50.03% of the company’s stock.

Insider Activity at Ares Management

In other Ares Management news, Director Judy D. Olian bought 480 shares of the stock in a transaction on Friday, February 20th. The stock was purchased at an average price of $124.43 per share, for a total transaction of $59,726.40. Following the completion of the purchase, the director directly owned 29,734 shares in the company, valued at approximately $3,699,801.62. This trade represents a 1.64% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ashish Bhutani bought 10,000 shares of the company’s stock in a transaction on Friday, February 6th. The shares were acquired at an average cost of $126.61 per share, for a total transaction of $1,266,100.00. Following the completion of the acquisition, the director directly owned 34,071 shares of the company’s stock, valued at $4,313,729.31. This trade represents a 41.54% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.52% of the company’s stock.

Ares Management Stock Down 1.0%

NYSE:ARES opened at $108.91 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market capitalization of $35.88 billion, a price-to-earnings ratio of 64.44, a price-to-earnings-growth ratio of 0.69 and a beta of 1.56. Ares Management Corporation has a one year low of $106.02 and a one year high of $195.26. The stock has a 50-day simple moving average of $143.93 and a 200 day simple moving average of $155.76.

Ares Management (NYSE:ARES) last announced its quarterly earnings data on Thursday, February 5th. The asset manager reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.26). Ares Management had a net margin of 9.41% and a return on equity of 19.04%. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the company earned $0.55 EPS. Sell-side analysts predict that Ares Management Corporation will post 5.28 EPS 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. This is a positive change from Ares Management’s previous quarterly dividend of $0.84. The ex-dividend date is Tuesday, March 17th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 5.0%. Ares Management’s dividend payout ratio (DPR) is presently 265.09%.

Analysts Set New Price Targets

Several research firms recently commented on ARES. The Goldman Sachs Group reduced their price target on Ares Management from $189.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Raymond James Financial upgraded shares of Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 price objective on the stock in a research note on Monday, February 9th. Oppenheimer reduced their target price on shares of Ares Management from $224.00 to $215.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Wall Street Zen downgraded shares of Ares Management from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ares Management in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $182.67.

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.