Ares Management Corporation $ARES Shares Sold by Jackson Wealth Management LLC

Jackson Wealth Management LLC trimmed its holdings in shares of Ares Management Corporation (NYSE:ARES) by 92.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,238 shares of the asset manager’s stock after selling 41,034 shares during the quarter. Jackson Wealth Management LLC’s holdings in Ares Management were worth $360,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Osbon Capital Management LLC purchased a new stake in Ares Management during the 4th quarter worth approximately $32,000. Elyxium Wealth LLC purchased a new position in shares of Ares Management during the 4th quarter valued at approximately $42,000. Summit Securities Group LLC acquired a new stake in shares of Ares Management during the fourth quarter worth approximately $49,000. Western Wealth Management LLC acquired a new stake in shares of Ares Management during the first quarter worth approximately $50,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in shares of Ares Management in the first quarter worth $55,000. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ARES. BMO Capital Markets raised their price objective on shares of Ares Management from $128.00 to $134.00 and gave the stock a “market perform” rating in a report on Monday, August 3rd. Citizens Jmp reduced their price target on shares of Ares Management from $190.00 to $160.00 and set a “market outperform” rating on the stock in a research report on Thursday, July 9th. Zacks Research upgraded Ares Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Barclays lowered their price objective on Ares Management from $140.00 to $139.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. Finally, Morgan Stanley set a $160.00 price objective on Ares Management in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $160.47.

Ares Management Stock Performance

Shares of NYSE ARES opened at $143.16 on Tuesday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 1.00. The firm’s 50-day moving average price is $129.16 and its two-hundred day moving average price is $122.12. Ares Management Corporation has a 52-week low of $95.80 and a 52-week high of $186.85. The stock has a market capitalization of $47.28 billion, a P/E ratio of 65.67, a P/E/G ratio of 1.23 and a beta of 1.49.

Ares Management (NYSE:ARES) last posted its earnings results on Friday, July 31st. The asset manager reported $1.29 EPS for the quarter, beating the consensus estimate of $1.28 by $0.01. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.27 billion. Ares Management had a return on equity of 25.42% and a net margin of 10.63%.The business’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 earnings per share. As a group, sell-side analysts forecast that Ares Management Corporation will post 5.94 earnings per share for the current year.

Ares Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $1.35 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $5.40 annualized dividend and a dividend yield of 3.8%. Ares Management’s payout ratio is 247.71%.

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.