Stephens Inc. AR Sells 5,545 Shares of Ares Management Corporation $ARES

Stephens Inc. AR reduced its stake in Ares Management Corporation (NYSE:ARES) by 9.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 55,213 shares of the asset manager’s stock after selling 5,545 shares during the period. Stephens Inc. AR’s holdings in Ares Management were worth $8,924,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Redmont Wealth Advisors LLC purchased a new position in shares of Ares Management in the 3rd quarter worth $40,000. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Ares Management in the 4th quarter worth $42,000. Washington Trust Advisors Inc. purchased a new position in shares of Ares Management in the 3rd quarter worth $50,000. First Horizon Corp purchased a new position in shares of Ares Management in the 3rd quarter worth $51,000. Finally, Covestor Ltd grew its stake in shares of Ares Management by 182.6% in the 3rd quarter. Covestor Ltd now owns 421 shares of the asset manager’s stock worth $67,000 after buying an additional 272 shares in the last quarter. 50.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ARES. Morgan Stanley dropped their price objective on shares of Ares Management from $178.00 to $163.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. JPMorgan Chase & Co. dropped their price objective on shares of Ares Management from $188.00 to $144.00 and set an “overweight” rating for the company in a research note on Tuesday, April 28th. Barclays lifted their price objective on shares of Ares Management from $127.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Wall Street Zen cut shares of Ares Management from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Finally, BMO Capital Markets dropped their price objective on shares of Ares Management from $140.00 to $112.00 and set a “market perform” rating for the company in a research note on Tuesday, March 24th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Ares Management currently has a consensus rating of “Moderate Buy” and an average price target of $166.06.

Ares Management Price Performance

ARES stock opened at $123.44 on Friday. Ares Management Corporation has a 12 month low of $95.80 and a 12 month high of $195.26. The company has a current ratio of 0.23, a quick ratio of 1.22 and a debt-to-equity ratio of 0.96. The company has a 50-day moving average price of $111.65 and a 200 day moving average price of $138.09. The stock has a market cap of $40.72 billion, a PE ratio of 57.42, a P/E/G ratio of 1.08 and a beta of 1.50.

Ares Management (NYSE:ARES) last released its quarterly 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). The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Ares Management had a return on equity of 22.14% and a net margin of 10.54%.During the same period in the prior year, the firm posted $1.09 earnings per share. Equities research analysts anticipate that Ares Management Corporation will post 6.05 earnings per share for the current year.

Ares Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, June 16th. Ares Management’s payout ratio is 251.16%.

Insider Transactions at Ares Management

In related news, Director Judy D. Olian acquired 480 shares of the stock in a transaction on Friday, February 20th. The stock was bought at an average cost of $124.43 per share, with a total value of $59,726.40. Following the transaction, the director directly owned 29,734 shares in the company, valued at approximately $3,699,801.62. This represents a 1.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 36.86% of the stock is currently owned by company insiders.

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.