Pacer Advisors Inc. Increases Stock Position in Ares Management Corporation $ARES

Pacer Advisors Inc. increased its stake in shares of Ares Management Corporation (NYSE:ARES) by 269,116.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 16,153 shares of the asset manager’s stock after purchasing an additional 16,147 shares during the period. Pacer Advisors Inc.’s holdings in Ares Management were worth $2,611,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atlantic Edge Private Wealth Management LLC purchased a new stake in Ares Management during the 4th quarter worth approximately $42,000. Elyxium Wealth LLC acquired a new position in shares of Ares Management in the fourth quarter worth $42,000. Summit Securities Group LLC acquired a new position in shares of Ares Management in the fourth quarter worth $49,000. Washington Trust Advisors Inc. purchased a new stake in shares of Ares Management during the third quarter worth $50,000. Finally, AlphaCentric Advisors LLC purchased a new stake in shares of Ares Management during the fourth quarter worth $62,000. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Ares Management Price Performance

Ares Management stock opened at $121.28 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 debt-to-equity ratio of 0.96, a current ratio of 0.23 and a quick ratio of 0.23. The business has a 50 day simple moving average of $123.54 and a 200-day simple moving average of $133.42. The stock has a market capitalization of $40.00 billion, a PE ratio of 56.41, a price-to-earnings-growth ratio of 1.10 and a beta of 1.51.

Ares Management (NYSE:ARES) last announced its quarterly earnings data on Friday, May 1st. The asset manager reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.08). The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates 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 in the prior year, the firm posted $1.09 earnings per share. Equities analysts predict that Ares Management Corporation will post 6.06 earnings per share for the current year.

Ares Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, June 16th. Ares Management’s dividend payout ratio is currently 251.16%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Citizens Jmp reduced their target price on shares of Ares Management from $205.00 to $190.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 22nd. BMO Capital Markets dropped their price objective 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. Royal Bank Of Canada restated an “outperform” rating on shares of Ares Management in a report on Wednesday, April 29th. JPMorgan Chase & Co. decreased their price objective on shares of Ares Management from $188.00 to $144.00 and set an “overweight” rating for the company in a research report on Tuesday, April 28th. Finally, Morgan Stanley lowered their target price on shares of Ares Management from $178.00 to $163.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. One investment 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $163.12.

Ares Management 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.