Several hedge funds have recently adjusted their stakes in Ares Management. Grayhawk Investment Strategies Inc. invested about $1.1 million in Ares Management in Q4. EP Wealth Advisors LLC increased its holdings by 32.5% this year, owning 20,345 shares worth about $2.7 million. Norden Group LLC raised its stake by a massive 2,695.3% to 70,414 shares valued at $9.36 million. Sumitomo Mitsui Trust Holdings Inc. boosted its ownership by 17.7%, now holding 397,285 shares worth $52.83 million after adding 59,668 shares. Lastly, FORA Capital LLC invested $3.43 million during this period. Currently, hedge funds and institutions own 50.03% of Ares Management.
Ares Management Price Performance
Ares Management shares opened at $158.05, with a market cap of $48.97 billion. The PE ratio is 70.87, and the beta is 1.21. They have a 50-day moving average of $146.54 and a 200-day average of $140.57. Over the past year, the stock’s low was $96.00, and the high was $159.95. The company holds a debt-to-equity ratio of 0.52, with both current and quick ratios at 1.05.
Ares Management recently reported Q2 earnings on August 2nd, with an EPS of $0.99, slightly above expectations of $0.98. The company’s net margin was 12.53%, with revenue of $788.68 million, below the forecast of $860.09 million. Analysts expect a full-year EPS of 4.15.
Ares Management Announces Dividend
A quarterly dividend of $0.93 per share was paid on September 30th, with a yield of 2.35%. The annualized dividend is $3.72, and the payout ratio is 166.82%.
Wall Street Analyst Insights
Several firms recently provided ratings on Ares Management. Goldman Sachs raised its price target to $160 with a “buy” rating. JPMorgan increased its target to $143, noting an “overweight” rating. Barclays raised its price target from $151 to $155. The ratings indicate one sell, six holds, and seven buys, leading to an average rating of “Hold” with a consensus price target of $142.85.
Insider Transactions
In recent transactions, insider Ryan Berry sold 12,500 shares at $154.40, totaling $1.93 million. He now holds 376,702 shares valued at about $58.16 million. Insider R. Kipp Deveer sold 41,676 shares for $6.26 million. Over the last 90 days, insiders sold 604,316 shares valued at $87.72 million.
Ares Management Company Overview
Ares Management Corporation operates as an alternative asset manager across the U.S., Europe, and Asia, managing various types of investment funds for institutional and retail investors.
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