Hunting Hill Global Capital LLC Reduces Stock Position in Ares Management Corporation $ARES

Hunting Hill Global Capital LLC lessened its stake in shares of Ares Management Corporation (NYSE:ARES) by 45.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,088 shares of the asset manager’s stock after selling 6,712 shares during the quarter. Ares Management comprises about 0.9% of Hunting Hill Global Capital LLC’s investment portfolio, making the stock its 23rd biggest holding. Hunting Hill Global Capital LLC’s holdings in Ares Management were worth $1,307,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Ares Management by 20.2% during the 4th quarter. Vanguard Group Inc. now owns 26,050,425 shares of the asset manager’s stock valued at $4,210,530,000 after acquiring an additional 4,373,955 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Ares Management by 26.3% during the 4th 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 during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Ares Management by 55.7% during the 4th quarter. Geode Capital Management LLC now owns 5,489,004 shares of the asset manager’s stock valued at $883,716,000 after acquiring an additional 1,963,460 shares during the last quarter. Capital International Investors boosted its holdings in shares of Ares Management by 0.3% during the 4th quarter. Capital International Investors now owns 4,257,710 shares of the asset manager’s stock valued at $688,176,000 after acquiring an additional 14,516 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of 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 valued at $620,616,000 after acquiring an additional 304,920 shares during the last quarter. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group dropped their price target on shares of Ares Management from $165.00 to $131.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. TD Cowen dropped their price target on shares of Ares Management from $148.00 to $144.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ares Management in a report on Tuesday, May 26th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ares Management in a research note on Wednesday, April 29th. Finally, Barclays increased 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. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $162.56.

Ares Management Price Performance

Shares of NYSE:ARES opened at $128.40 on Thursday. The firm’s 50 day moving average price is $121.66 and its 200-day moving average price is $134.35. Ares Management Corporation has a twelve month low of $95.80 and a twelve month high of $195.26. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $42.35 billion, a PE ratio of 59.72, a price-to-earnings-growth ratio of 1.18 and a beta of 1.51.

Ares Management (NYSE:ARES) last issued its quarterly earnings data 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 return on equity of 22.14% and a net margin of 10.54%.The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the company earned $1.09 EPS. Equities research analysts expect that Ares Management Corporation will post 6.06 EPS for the current year.

Ares Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Tuesday, June 16th. Ares Management’s dividend payout ratio is 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.