5,601 Shares in Ares Management Corporation $ARES Bought by Securian Asset Management Inc.

Securian Asset Management Inc. purchased a new position in shares of Ares Management Corporation (NYSE:ARES) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,601 shares of the asset manager’s stock, valued at approximately $905,000.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position 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 worth $4,210,530,000 after buying an additional 4,373,955 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Ares Management by 26.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,705,599 shares of the asset manager’s stock valued at $922,196,000 after acquiring an additional 1,187,174 shares in the last quarter. Marshall Wace LLP raised its holdings in Ares Management by 487.4% in the third quarter. Marshall Wace LLP now owns 912,656 shares of the asset manager’s stock valued at $145,925,000 after acquiring an additional 757,293 shares in the last quarter. Balyasny Asset Management L.P. lifted its stake in Ares Management by 1,172.9% in the third quarter. Balyasny Asset Management L.P. now owns 622,796 shares of the asset manager’s stock worth $99,579,000 after acquiring an additional 573,870 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Ares Management by 8.6% during the 4th quarter. Principal Financial Group Inc. now owns 3,839,693 shares of the asset manager’s stock worth $620,616,000 after acquiring an additional 304,920 shares in the last quarter. Institutional investors and hedge funds own 50.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ARES. Raymond James Financial raised 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 report on Monday, February 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Ares Management from a “hold” rating to a “buy” rating and lowered their target price for the stock from $182.00 to $155.00 in a research note on Friday, February 6th. Citizens Jmp dropped their target price on Ares Management from $205.00 to $190.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 22nd. Royal Bank Of Canada restated an “outperform” rating on shares of Ares Management in a research note on Wednesday, April 29th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $146.00 price objective (down from $147.00) on shares of Ares Management in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $166.06.

Insider Activity

In other news, Director Judy D. Olian bought 480 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were acquired at an average price of $124.43 per share, for a total transaction of $59,726.40. Following the completion of the transaction, the director owned 29,734 shares of the company’s stock, valued at approximately $3,699,801.62. This trade represents a 1.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 36.86% of the company’s stock.

Ares Management Stock Down 0.3%

Shares of NYSE:ARES opened at $123.31 on Thursday. The company has a market capitalization of $40.63 billion, a PE ratio of 57.35, a P/E/G ratio of 1.08 and a beta of 1.50. The company has a current ratio of 0.23, a quick ratio of 1.22 and a debt-to-equity ratio of 0.96. Ares Management Corporation has a twelve month low of $95.80 and a twelve month high of $195.26. The firm has a 50 day simple moving average of $111.18 and a 200-day simple moving average of $138.34.

Ares Management (NYSE:ARES) last posted its earnings results on Friday, May 1st. The asset manager reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). Ares Management had a net margin of 10.54% and a return on equity of 22.14%. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period last year, the business earned $1.09 earnings per share. On average, equities analysts predict that Ares Management Corporation will post 6.05 EPS for the current fiscal year.

Ares Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a dividend of $1.35 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $5.40 annualized dividend and a dividend yield of 4.4%. 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.