FJ Capital Management LLC Sells 6,736 Shares of Ares Management Corporation $ARES

FJ Capital Management LLC lessened its stake in Ares Management Corporation (NYSE:ARES) by 81.2% during the fourth quarter, HoldingsChannel reports. The firm owned 1,557 shares of the asset manager’s stock after selling 6,736 shares during the period. FJ Capital Management LLC’s holdings in Ares Management were worth $252,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Redmont Wealth Advisors LLC bought a new stake in Ares Management during the 3rd quarter worth approximately $40,000. Atlantic Edge Private Wealth Management LLC bought a new position in shares of Ares Management in the 4th quarter worth $42,000. Elyxium Wealth LLC bought a new position in shares of Ares Management in the 4th quarter worth $42,000. Washington Trust Advisors Inc. bought a new position in shares of Ares Management during the 3rd quarter valued at $50,000. Finally, AlphaCentric Advisors LLC bought a new position in shares of Ares Management during the 4th quarter valued at $62,000. 50.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ARES shares. JPMorgan Chase & Co. cut their price target on shares of Ares Management from $188.00 to $144.00 and set an “overweight” rating on the stock in a report on Tuesday, April 28th. Zacks Research upgraded shares of Ares Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Morgan Stanley lowered their price objective on shares of Ares Management from $178.00 to $163.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Royal Bank Of Canada restated an “outperform” rating on shares of Ares Management in a research report on Wednesday, April 29th. Finally, Barclays lifted their price target on shares of Ares Management from $127.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Ares Management presently has an average rating of “Moderate Buy” and an average price target of $162.56.

Ares Management Trading Up 1.6%

NYSE:ARES opened at $134.98 on Friday. Ares Management Corporation has a one year low of $95.80 and a one year high of $195.26. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.23 and a current ratio of 0.23. The firm has a market cap of $44.52 billion, a P/E ratio of 62.78, a P/E/G ratio of 1.18 and a beta of 1.51. The firm has a 50-day simple moving average of $119.83 and a 200-day simple moving average of $134.91.

Ares Management (NYSE:ARES) last announced its earnings results on Friday, May 1st. The asset manager reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.08). Ares Management had a net margin of 10.54% and a return on equity of 22.14%. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the business earned $1.09 earnings per share. Equities analysts anticipate that Ares Management Corporation will post 6.06 EPS for the current fiscal year.

Ares Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $5.40 dividend on an annualized basis and a yield of 4.0%. Ares Management’s dividend payout ratio (DPR) is currently 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.