Eurizon Capital SGR S.p.A. Takes Position in Ares Management Corporation $ARES

Eurizon Capital SGR S.p.A. purchased a new stake in shares of Ares Management Corporation (NYSE:ARES) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 16,621 shares of the asset manager’s stock, valued at approximately $2,686,000.

A number of other institutional investors have also recently made changes to their positions in ARES. AQR Capital Management LLC lifted its position in shares of Ares Management by 116.7% during the 1st quarter. AQR Capital Management LLC now owns 10,360 shares of the asset manager’s stock valued at $1,519,000 after buying an additional 5,579 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Ares Management by 5.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,344 shares of the asset manager’s stock valued at $197,000 after buying an additional 70 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Ares Management by 42.7% during the 1st quarter. Empowered Funds LLC now owns 6,197 shares of the asset manager’s stock valued at $909,000 after buying an additional 1,853 shares during the last quarter. Focus Partners Wealth lifted its position in shares of Ares Management by 15.3% during the 1st quarter. Focus Partners Wealth now owns 1,902 shares of the asset manager’s stock valued at $279,000 after buying an additional 252 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in Ares Management by 708.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 493 shares of the asset manager’s stock worth $72,000 after purchasing an additional 432 shares in the last quarter. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Analysts Set New Price Targets

ARES has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price objective on Ares Management from $188.00 to $144.00 and set an “overweight” rating on the stock in a report on Tuesday, April 28th. Morgan Stanley dropped their price objective on Ares Management from $178.00 to $163.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Royal Bank Of Canada reissued an “outperform” rating on shares of Ares Management in a report on Wednesday, April 29th. TD Cowen dropped their price objective on Ares Management from $148.00 to $144.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Finally, Oppenheimer reissued 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. One 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 company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $162.56.

Ares Management Price Performance

Shares of NYSE ARES opened at $128.18 on Wednesday. The firm has a market capitalization of $42.28 billion, a P/E ratio of 59.62, a P/E/G ratio of 1.13 and a beta of 1.51. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.96. The stock’s 50-day simple moving average is $115.85 and its two-hundred day simple moving average is $135.92. Ares Management Corporation has a twelve month low of $95.80 and a twelve month high of $195.26.

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

Ares Management Dividend Announcement

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