Morse Asset Management Inc Has $923,000 Stock Position in Ares Management Corporation $ARES

Morse Asset Management Inc lessened its holdings in shares of Ares Management Corporation (NYSE:ARES) by 64.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,770 shares of the asset manager’s stock after selling 10,691 shares during the period. Morse Asset Management Inc’s holdings in Ares Management were worth $923,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of ARES. Exchange Traded Concepts LLC lifted its holdings in Ares Management by 100.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 190 shares of the asset manager’s stock worth $30,000 after buying an additional 95 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in Ares Management during the second quarter valued at $35,000. Redmont Wealth Advisors LLC acquired a new stake in Ares Management during the 3rd quarter worth about $40,000. Washington Trust Advisors Inc. bought a new position in shares of Ares Management in the 3rd quarter worth about $50,000. Finally, First Horizon Corp bought a new position in shares of Ares Management in the 3rd quarter worth about $51,000. Institutional investors own 50.03% of the company’s stock.

Ares Management Trading Down 1.3%

NYSE ARES opened at $100.42 on Tuesday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. Ares Management Corporation has a 52 week low of $95.80 and a 52 week high of $195.26. The business has a 50 day moving average price of $137.65 and a 200-day moving average price of $153.03. The company has a market cap of $33.09 billion, a price-to-earnings ratio of 59.42, a P/E/G ratio of 0.75 and a beta of 1.56.

Ares Management (NYSE:ARES) last posted its quarterly earnings results 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). The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.38 billion. Ares Management had a net margin of 9.41% and a return on equity of 19.04%. During the same period in the previous year, the business posted $0.55 EPS. As a group, equities analysts expect that Ares Management Corporation will post 5.28 earnings per share for the current fiscal year.

Ares Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a dividend of $1.35 per share. This is an increase from Ares Management’s previous quarterly dividend of $0.84. This represents a $5.40 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Tuesday, March 17th. Ares Management’s dividend payout ratio is 265.09%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. The Goldman Sachs Group cut their target price 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. Barclays lowered their target price on Ares Management from $222.00 to $190.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Ares Management in a research note on Monday, December 29th. Oppenheimer cut their price target on Ares Management from $224.00 to $215.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Finally, Morgan Stanley set a $178.00 price objective on shares of Ares Management in a research note on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $182.67.

Insider Activity

In other Ares Management news, Director Ashish Bhutani bought 10,000 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was bought at an average cost of $126.61 per share, with a total value of $1,266,100.00. Following the completion of the transaction, the director directly owned 34,071 shares in the company, valued at approximately $4,313,729.31. The trade was a 41.54% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Judy D. Olian bought 480 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was acquired at an average price of $124.43 per share, for a total transaction of $59,726.40. Following the acquisition, the director directly owned 29,734 shares in the company, valued at $3,699,801.62. The trade was a 1.64% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.52% of the company’s stock.

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.