Ares Management Corporation $ARES Shares Purchased by Truist Financial Corp

Key Points

• Truist Financial Corp increased its stake in Ares Management by 5.5% in Q4, buying 34,781 shares to hold 663,857 shares (about 0.20% of the company) valued at approximately $107.3 million.
• Insider purchases: Director Ashish Bhutani bought 10,000 shares at $126.61 and Director Judy D. Olian bought 480 shares at $124.43, boosting insider ownership to 36.86%.
• Dividend announced: Ares declared a quarterly dividend of $1.35 (annualized $5.40) with an ex-dividend/record date of June 16, implying a yield of about 4.5%.

Truist Financial Corp grew its position in shares of Ares Management Corporation (NYSE:ARES - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 663,857 shares of the asset manager's stock after purchasing an additional 34,781 shares during the quarter. Truist Financial Corp owned 0.20% of Ares Management worth $107,299,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of ARES. Capital Investment Counsel LLC boosted its stake in Ares Management by 2.2% during the fourth quarter. Capital Investment Counsel LLC now owns 58,130 shares of the asset manager's stock valued at $9,395,000 after buying an additional 1,240 shares in the last quarter. Horizon Investments LLC bought a new stake in Ares Management in the fourth quarter worth about $715,000. Danske Bank A S raised its position in Ares Management by 10.3% in the fourth quarter. Danske Bank A S now owns 101,057 shares of the asset manager's stock worth $16,334,000 after acquiring an additional 9,400 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in Ares Management by 9.6% in the 4th quarter. Oppenheimer & Co. Inc. now owns 39,811 shares of the asset manager's stock valued at $6,435,000 after acquiring an additional 3,479 shares during the last quarter. Finally, Citizens Financial Group Inc. RI lifted its holdings in Ares Management by 4.5% in the 4th quarter. Citizens Financial Group Inc. RI now owns 7,339 shares of the asset manager's stock valued at $1,186,000 after acquiring an additional 313 shares during the last quarter. Institutional investors own 50.03% of the company's stock.

Insider Activity at Ares Management

In other news, Director Ashish Bhutani acquired 10,000 shares of the 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 transaction, the director owned 34,071 shares in the company, valued at approximately $4,313,729.31. This trade represents a 41.54% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Judy D. Olian bought 480 shares of the business's stock in a transaction on Friday, February 20th. The shares were purchased at an average cost of $124.43 per share, for a total transaction of $59,726.40. Following the completion of the purchase, 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. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 36.86% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ARES shares. Morgan Stanley lowered their price objective on shares of Ares Management from $178.00 to $163.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 21st. Royal Bank Of Canada reissued an "outperform" rating on shares of Ares Management in a research note on Wednesday, April 29th. Citizens Jmp reduced their target price on shares of Ares Management from $205.00 to $190.00 and set a "market outperform" rating for the company in a report on Wednesday, April 22nd. Zacks Research lowered shares of Ares Management from a "hold" rating to a "strong sell" rating in a research report on Monday, April 6th. Finally, UBS Group set a $148.00 price objective on Ares Management in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $166.06.

Ares Management Price Performance

NYSE ARES 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. Ares Management Corporation has a 1 year low of $95.80 and a 1 year high of $195.26. The company has a market cap of $39.58 billion, a PE ratio of 55.87, a PEG ratio of 1.08 and a beta of 1.50. The stock's 50-day moving average price is $110.17 and its two-hundred day moving average price is $139.48.

Ares Management (NYSE:ARES - Get Free Report) last announced its earnings results on Friday, May 1st. The asset manager reported $1.24 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.08). The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates 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 in the previous year, the business earned $1.09 earnings per share. On average, analysts predict that Ares Management Corporation will post 6.09 EPS for the current year.

Ares Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a $1.35 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $5.40 dividend on an annualized basis and a yield of 4.5%. Ares Management's dividend payout ratio (DPR) is currently 251.16%.

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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