M&T Bank Corp Has $3.34 Million Stock Position in Ares Management Corporation $ARES

Key Points

• M&T Bank Corp increased its stake in Ares Management by 110% in Q4 to 20,684 shares, valued at about $3.34 million.
• Insider purchases: Director Ashish Bhutani bought 10,000 shares (~$1.27M) and Director Judy D. Olian bought 480 shares (~$59.7K), with Bhutani's purchase boosting his holding by 41.54%.
• Ares missed Q4 EPS expectations ($1.45 vs. $1.71) but beat revenue ($1.50B), and the company raised its quarterly dividend to $1.35 (annualized $5.40, ~4.8% yield).

M&T Bank Corp increased its stake in shares of Ares Management Corporation (NYSE:ARES - Free Report) by 110.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,684 shares of the asset manager's stock after buying an additional 10,835 shares during the period. M&T Bank Corp's holdings in Ares Management were worth $3,343,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Exchange Traded Concepts LLC raised its holdings in Ares Management by 100.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 190 shares of the asset manager's stock worth $30,000 after purchasing an additional 95 shares during the last quarter. Redmont Wealth Advisors LLC bought a new stake in Ares Management during the 3rd quarter worth about $40,000. Atlantic Edge Private Wealth Management LLC bought a new stake in Ares Management during the 4th quarter worth about $42,000. Washington Trust Advisors Inc. bought a new stake in Ares Management during the 3rd quarter worth about $50,000. Finally, First Horizon Corp bought a new stake in Ares Management during the 3rd quarter worth about $51,000. Institutional investors and hedge funds own 50.03% of the company's stock.

Insider Transactions at Ares Management

In related news, Director Judy D. Olian purchased 480 shares of the stock in a transaction dated Friday, February 20th. The stock was bought at an average cost of $124.43 per share, with a total value of $59,726.40. Following the purchase, the director directly owned 29,734 shares in the company, valued at $3,699,801.62. The trade was a 1.64% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ashish Bhutani purchased 10,000 shares of the stock in a transaction dated Friday, February 6th. The stock was bought at an average cost of $126.61 per share, with a total value of $1,266,100.00. Following the completion of the purchase, the director owned 34,071 shares in the company, valued at $4,313,729.31. The trade was a 41.54% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.52% of the company's stock.

Ares Management Stock Performance

Shares of ARES stock opened at $112.24 on Tuesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market cap of $36.98 billion, a PE ratio of 66.41, a price-to-earnings-growth ratio of 1.02 and a beta of 1.52. The stock has a 50-day moving average of $111.24 and a 200-day moving average of $140.13. Ares Management Corporation has a one year low of $95.80 and a one year high of $195.26.

Ares Management (NYSE:ARES - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.45 EPS for the quarter, missing analysts' consensus estimates of $1.71 by ($0.26). The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.38 billion. Ares Management had a net margin of 9.41% and a return on equity of 19.04%. During the same period last year, the company earned $0.55 earnings per share. As a group, sell-side analysts expect that Ares Management Corporation will post 6.22 earnings per share for the current year.

Ares Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were paid a $1.35 dividend. This is a boost from Ares Management's previous quarterly dividend of $0.84. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.8%. Ares Management's dividend payout ratio (DPR) is currently 319.53%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. TD Cowen reissued a "buy" rating on shares of Ares Management in a report on Wednesday, January 14th. Citizens Jmp dropped their price objective on Ares Management from $205.00 to $190.00 and set a "market outperform" rating for the company in a report on Wednesday, April 22nd. Royal Bank Of Canada dropped their price objective on Ares Management from $180.00 to $173.00 and set an "outperform" rating for the company in a report on Tuesday, February 24th. Weiss Ratings reissued a "hold (c)" rating on shares of Ares Management in a report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft raised Ares Management from a "hold" rating to a "buy" rating and dropped their price objective for the stock from $182.00 to $155.00 in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $166.73.

Ares Management 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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