Cibc World Market Inc. Purchases 8,439 Shares of Ares Management Corporation $ARES

Cibc World Market Inc. raised its position in Ares Management Corporation (NYSE:ARES) by 227.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 12,152 shares of the asset manager’s stock after acquiring an additional 8,439 shares during the period. Cibc World Market Inc.’s holdings in Ares Management were worth $1,964,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Ares Management by 20.2% in the 4th quarter. Vanguard Group Inc. now owns 26,050,425 shares of the asset manager’s stock valued at $4,210,530,000 after acquiring an additional 4,373,955 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Ares Management by 26.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,705,599 shares of the asset manager’s stock worth $922,196,000 after purchasing an additional 1,187,174 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Ares Management by 55.7% during the 4th quarter. Geode Capital Management LLC now owns 5,489,004 shares of the asset manager’s stock worth $883,716,000 after purchasing an additional 1,963,460 shares in the last quarter. Capital International Investors raised its stake in shares of Ares Management by 0.4% during the 3rd quarter. Capital International Investors now owns 4,243,194 shares of the asset manager’s stock worth $678,448,000 after purchasing an additional 15,913 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Ares Management by 8.6% during the 4th quarter. Principal Financial Group Inc. now owns 3,839,693 shares of the asset manager’s stock worth $620,616,000 after purchasing an additional 304,920 shares in the last quarter. Institutional investors own 50.03% of the company’s stock.

Ares Management Stock Up 3.0%

ARES opened at $130.63 on Wednesday. Ares Management Corporation has a 1-year low of $95.80 and a 1-year high of $195.26. The stock’s fifty day simple moving average is $118.35 and its 200 day simple moving average is $135.12. 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 stock has a market cap of $43.09 billion, a PE ratio of 60.76, a price-to-earnings-growth ratio of 1.11 and a beta of 1.51.

Ares Management (NYSE:ARES) last posted its quarterly 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). Ares Management had a net margin of 10.54% and a return on equity of 22.14%. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the company posted $1.09 EPS. As a group, research analysts expect that Ares Management Corporation will post 6.06 earnings per share for the current year.

Ares Management Dividend Announcement

The firm 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. This represents a $5.40 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Tuesday, June 16th. Ares Management’s dividend payout ratio is 251.16%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ARES. Citizens Jmp dropped their price objective on Ares Management from $205.00 to $190.00 and set a “market outperform” rating on the stock in a research note on Wednesday, April 22nd. Zacks Research upgraded Ares Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ares Management in a research note on Wednesday, April 29th. BMO Capital Markets dropped their price objective on Ares Management from $140.00 to $112.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 24th. Finally, 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 research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ares Management presently has an average rating of “Moderate Buy” and a consensus 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.