Ares Management Corporation $ARES Shares Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Ares Management Corporation (NYSE:ARES) by 21.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,074 shares of the asset manager’s stock after acquiring an additional 7,739 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Ares Management were worth $7,124,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of ARES. Vanguard Group Inc. raised its stake in shares of Ares Management by 20.2% during the fourth quarter. Vanguard Group Inc. now owns 26,050,425 shares of the asset manager’s stock valued at $4,210,530,000 after purchasing an additional 4,373,955 shares in the last quarter. Norges Bank bought a new stake in shares of Ares Management during the fourth quarter valued at about $396,165,000. Geode Capital Management LLC raised its stake in shares of Ares Management by 55.7% during the fourth quarter. Geode Capital Management LLC now owns 5,489,004 shares of the asset manager’s stock valued at $883,716,000 after purchasing an additional 1,963,460 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Ares Management by 26.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,705,599 shares of the asset manager’s stock valued at $922,196,000 after purchasing an additional 1,187,174 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in shares of Ares Management by 487.4% during the third quarter. Marshall Wace LLP now owns 912,656 shares of the asset manager’s stock valued at $145,925,000 after purchasing an additional 757,293 shares in the last quarter. Institutional investors and hedge funds own 50.03% of the company’s stock.

Analyst Upgrades and Downgrades

ARES has been the topic of several research reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ares Management in a research report on Wednesday, April 29th. TD Cowen dropped their price target on shares of Ares Management from $148.00 to $144.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. JPMorgan Chase & Co. dropped their price target on shares of Ares Management from $188.00 to $144.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 28th. The Goldman Sachs Group dropped their price target on shares of Ares Management from $165.00 to $131.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Finally, BMO Capital Markets dropped their price target on shares of Ares Management from $140.00 to $112.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $162.56.

Ares Management Trading Down 3.5%

NYSE:ARES opened at $125.92 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.23 and a quick ratio of 0.23. Ares Management Corporation has a fifty-two week low of $95.80 and a fifty-two week high of $195.26. The stock’s 50-day moving average is $117.49 and its two-hundred day moving average is $135.38. The stock has a market cap of $41.53 billion, a PE ratio of 58.57, a price-to-earnings-growth ratio of 1.10 and a beta of 1.51.

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

Ares Management Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 4.3%. Ares Management’s payout ratio is presently 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.