Commonwealth of Pennsylvania Public School Empls Retrmt SYS Invests $7.75 Million in Ares Management Corporation $ARES

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Ares Management Corporation (NYSE:ARES) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 47,919 shares of the asset manager’s stock, valued at approximately $7,745,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Redmont Wealth Advisors LLC purchased a new position in shares of Ares Management in the 3rd quarter worth about $40,000. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Ares Management in the 4th quarter worth about $42,000. Elyxium Wealth LLC purchased a new position in shares of Ares Management in the 4th quarter worth about $42,000. Washington Trust Advisors Inc. purchased a new position in shares of Ares Management in the 3rd quarter worth about $50,000. Finally, Leonteq Securities AG purchased a new stake in Ares Management during the fourth quarter valued at about $70,000. 50.03% of the stock is owned by hedge funds and other institutional investors.

Ares Management Trading Down 0.4%

Shares of Ares Management stock opened at $128.18 on Wednesday. Ares Management Corporation has a 12-month low of $95.80 and a 12-month high of $195.26. The company has a market cap of $42.28 billion, a price-to-earnings ratio of 59.62, a PEG ratio of 1.13 and a beta of 1.51. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.96. The company’s 50-day moving average price is $115.85 and its 200-day moving average price is $135.92.

Ares Management (NYSE:ARES) last announced its quarterly earnings results on Friday, May 1st. The asset manager reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). Ares Management had a return on equity of 22.14% and a net margin of 10.54%.The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the company posted $1.09 earnings per share. On average, equities analysts expect that Ares Management Corporation will post 6.06 earnings per share for the current fiscal year.

Ares Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Tuesday, June 16th. Ares Management’s dividend payout ratio is 251.16%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Ares Management from $188.00 to $144.00 and set an “overweight” rating on the stock in a report on Tuesday, April 28th. UBS Group set a $148.00 price objective on shares of Ares Management in a report on Friday, February 20th. Oppenheimer reaffirmed an “outperform” rating and set a $146.00 price objective (down from $147.00) on shares of Ares Management in a report on Monday, May 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ares Management in a report on Tuesday, May 26th. Finally, Wall Street Zen downgraded shares of Ares Management from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $162.56.

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.