Alliance Wealth Advisors LLC UT Has $2.84 Million Stake in Ares Management Corporation $ARES

Key Points

• Alliance Wealth Advisors LLC UT cut its Ares stake by 34.4%, selling 9,186 shares and retaining 17,544 shares valued at about $2.84 million per its most recent 13F filing.
• Ares announced a quarterly dividend of $1.35 per share (annualized $5.40, yield 4.5%), with an ex-dividend date of June 16 and payment on June 30, despite a high payout ratio of 251.16%.
• Latest quarter was mixed: Ares reported $1.24 EPS versus a $1.32 consensus (a miss) while revenue of $1.36 billion beat estimates, and analysts maintain a consensus "Moderate Buy" with an average target of $166.06.

Alliance Wealth Advisors LLC UT cut its holdings in shares of Ares Management Corporation (NYSE:ARES - Free Report) by 34.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,544 shares of the asset manager's stock after selling 9,186 shares during the quarter. Alliance Wealth Advisors LLC UT's holdings in Ares Management were worth $2,836,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in 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 purchasing an additional 304,920 shares during the last quarter. Truist Financial Corp increased its holdings in shares of Ares Management by 5.5% in the fourth quarter. Truist Financial Corp now owns 663,857 shares of the asset manager's stock valued at $107,299,000 after purchasing an additional 34,781 shares during the last quarter. Capital Investment Counsel LLC raised its position in shares of Ares Management by 2.2% in the fourth quarter. Capital Investment Counsel LLC now owns 58,130 shares of the asset manager's stock valued at $9,395,000 after purchasing an additional 1,240 shares during the period. Horizon Investments LLC bought a new position in shares of Ares Management in the fourth quarter valued at about $715,000. Finally, Danske Bank A S lifted its stake in shares of Ares Management by 10.3% during the 4th quarter. Danske Bank A S now owns 101,057 shares of the asset manager's stock worth $16,334,000 after buying an additional 9,400 shares during the last quarter. Institutional investors own 50.03% of the company's stock.

Ares Management Trading Up 0.9%

Shares of ARES stock opened at $120.13 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.86. The stock has a market cap of $39.58 billion, a P/E ratio of 55.87, a price-to-earnings-growth ratio of 1.08 and a beta of 1.50. The stock has a 50 day simple moving average of $110.17 and a 200 day simple moving average of $139.48. Ares Management Corporation has a 1 year low of $95.80 and a 1 year high of $195.26.

Ares Management (NYSE:ARES - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.28 billion. Ares Management had a return on equity of 22.02% and a net margin of 10.54%.During the same quarter last year, the business earned $1.09 EPS. On average, research analysts predict that Ares Management Corporation will post 6.09 earnings per share for the current fiscal year.

Ares Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, June 16th. Ares Management's dividend payout ratio is 251.16%.

Wall Street Analyst Weigh In

Several analysts recently commented on ARES shares. Morgan Stanley reduced their target price on shares of Ares Management from $178.00 to $163.00 and set an "equal weight" rating for the company in a report on Tuesday, April 21st. Wall Street Zen downgraded shares of Ares Management from a "hold" rating to a "sell" rating in a research report on Saturday, February 28th. Zacks Research cut Ares Management from a "hold" rating to a "strong sell" rating in a report on Monday, April 6th. Wolfe Research set a $210.00 target price on Ares Management and gave the company an "outperform" rating in a research report on Wednesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft upgraded Ares Management from a "hold" rating to a "buy" rating and lowered their target price for the stock from $182.00 to $155.00 in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $166.06.

Insiders Place Their Bets

In other news, Director Ashish Bhutani acquired 10,000 shares of Ares Management stock in a transaction on Friday, February 6th. The shares were purchased at an average cost of $126.61 per share, for a total transaction of $1,266,100.00. Following the completion of the purchase, the director directly owned 34,071 shares of the company's stock, valued at approximately $4,313,729.31. This represents a 41.54% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Judy D. Olian bought 480 shares of the firm's stock in a transaction on Friday, February 20th. The stock was purchased at an average cost of $124.43 per share, for a total transaction of $59,726.40. Following the completion of the acquisition, the director owned 29,734 shares in the company, valued at approximately $3,699,801.62. This trade represents a 1.64% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 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.

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