Sumitomo Mitsui DS Asset Management Company Ltd Has $23.38 Million Holdings in Ares Management Corporation $ARES

Key Points

• Sumitomo Mitsui DS Asset Management increased its stake in Ares by 31.6% to 144,625 shares, a holding valued at about $23.38 million, and institutional investors now own roughly 50% of the stock.
• Insider buying: Director Ashish Bhutani purchased 10,000 shares (~$1.27 million), boosting his stake by ~41.5%, and Director Judy D. Olian also bought 480 shares, indicating insider confidence.
• Analyst and financials snapshot: Analysts give Ares a consensus rating of "Moderate Buy" with an average price target of $166.06; the company declared a $1.35 quarterly dividend (4.4% yield) and reported Q earnings of $1.24 per share, slightly below estimates while revenue beat expectations.

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Ares Management Corporation (NYSE:ARES - Free Report) by 31.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,625 shares of the asset manager's stock after purchasing an additional 34,734 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Ares Management were worth $23,376,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in ARES. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Ares Management by 5.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,344 shares of the asset manager's stock worth $197,000 after buying an additional 70 shares during the last quarter. Fulcrum Asset Management LLP lifted its stake in Ares Management by 1.7% in the third quarter. Fulcrum Asset Management LLP now owns 4,321 shares of the asset manager's stock valued at $691,000 after acquiring an additional 72 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Ares Management by 1.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 5,921 shares of the asset manager's stock valued at $947,000 after acquiring an additional 76 shares during the last quarter. Signaturefd LLC grew its position in Ares Management by 2.6% in the third quarter. Signaturefd LLC now owns 3,029 shares of the asset manager's stock worth $484,000 after acquiring an additional 77 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in Ares Management by 13.8% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 685 shares of the asset manager's stock worth $104,000 after acquiring an additional 83 shares in the last quarter. 50.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Ares Management from a "hold" rating to a "buy" rating and cut their price target for the company from $182.00 to $155.00 in a report on Friday, February 6th. UBS Group set a $148.00 price objective on shares of Ares Management in a report on Friday, February 20th. Raymond James Financial raised shares of Ares Management from a "market perform" rating to a "strong-buy" rating and set a $157.00 target price on the stock in a research report on Monday, February 9th. TD Cowen restated a "buy" rating on shares of Ares Management in a report on Wednesday, January 14th. Finally, Wolfe Research set a $210.00 price target on Ares Management and gave the stock an "outperform" rating in a research report on Wednesday, January 7th. One 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 given a Sell rating to the stock. According to data from MarketBeat.com, Ares Management presently has an average rating of "Moderate Buy" and a consensus price target of $166.06.

Insider Activity

In other news, Director Ashish Bhutani purchased 10,000 shares of the business's stock in a transaction on Friday, February 6th. The stock was purchased at an average price of $126.61 per share, with a total value of $1,266,100.00. Following the acquisition, the director directly owned 34,071 shares in the company, valued at approximately $4,313,729.31. The trade was a 41.54% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Judy D. Olian acquired 480 shares of Ares Management stock in a transaction on Friday, February 20th. The stock was purchased at an average price of $124.43 per share, with a total value of $59,726.40. Following the transaction, the director directly owned 29,734 shares in the company, valued at approximately $3,699,801.62. This trade represents a 1.64% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.52% of the company's stock.

Ares Management Trading Up 2.5%

NYSE:ARES opened at $122.92 on Wednesday. The company's 50 day moving average is $110.17 and its 200-day moving average is $139.28. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. Ares Management Corporation has a 12 month low of $95.80 and a 12 month high of $195.26. The firm has a market cap of $40.50 billion, a price-to-earnings ratio of 57.17, a P/E/G ratio of 1.08 and a beta of 1.50.

Ares Management (NYSE:ARES - Get Free Report) last posted its quarterly earnings data on Friday, May 1st. The asset manager reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.08). Ares Management had a return on equity of 22.02% and a net margin of 10.54%.The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the company posted $1.09 earnings per share. Equities analysts anticipate that Ares Management Corporation will post 6.09 EPS for the current year.

Ares Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Tuesday, June 16th. Ares Management's dividend payout ratio is 251.16%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.