Landscape Capital Management L.L.C. Buys New Position in Ares Management Corporation $ARES

Landscape Capital Management L.L.C. bought a new stake in shares of Ares Management Corporation (NYSE:ARES) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 20,344 shares of the asset manager’s stock, valued at approximately $3,288,000.

Other hedge funds also recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC acquired a new position in Ares Management during the 3rd quarter valued at about $40,000. Atlantic Edge Private Wealth Management LLC acquired a new position in Ares Management during the 4th quarter valued at about $42,000. Elyxium Wealth LLC acquired a new position in Ares Management during the 4th quarter valued at about $42,000. Washington Trust Advisors Inc. acquired a new position in Ares Management during the 3rd quarter valued at about $50,000. Finally, AlphaCentric Advisors LLC acquired a new position in Ares Management during the 4th quarter valued at about $62,000. 50.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on ARES. Citizens Jmp reduced their target price on Ares Management from $205.00 to $190.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 22nd. BMO Capital Markets reduced their target price on 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. Barclays upped their target price on Ares Management from $127.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Morgan Stanley reduced their target price on Ares Management from $178.00 to $163.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Finally, Wall Street Zen raised Ares Management from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $162.56.

Ares Management Stock Performance

Shares of ARES stock opened at $134.98 on Monday. The company has a market capitalization of $44.52 billion, a P/E ratio of 62.78, a P/E/G ratio of 1.18 and a beta of 1.51. The business’s 50 day moving average is $119.83 and its two-hundred day moving average is $134.80. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.96. Ares Management Corporation has a 12-month low of $95.80 and a 12-month high of $195.26.

Ares Management (NYSE:ARES) last issued 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). The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations 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 posted $1.09 EPS. Analysts expect that Ares Management Corporation will post 6.06 EPS for the current fiscal year.

Ares Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a dividend of $1.35 per share. The ex-dividend date is Tuesday, June 16th. This represents a $5.40 dividend on an annualized basis and a yield of 4.0%. Ares Management’s dividend payout ratio is currently 251.16%.

About Ares Management

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.