Strs Ohio Has $6.21 Million Stake in Ares Management Corporation $ARES

Strs Ohio lowered its position in shares of Ares Management Corporation (NYSE:ARES) by 64.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,901 shares of the asset manager’s stock after selling 105,006 shares during the period. Strs Ohio’s holdings in Ares Management were worth $6,208,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Osbon Capital Management LLC acquired a new stake in shares of Ares Management during the fourth quarter worth $32,000. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Ares Management in the fourth quarter valued at about $42,000. Elyxium Wealth LLC acquired a new position in shares of Ares Management in the fourth quarter valued at about $42,000. Summit Securities Group LLC bought a new position in Ares Management during the fourth quarter worth about $49,000. Finally, AlphaCentric Advisors LLC bought a new position in Ares Management during the fourth quarter worth about $62,000. 50.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Morgan Stanley cut their price objective on shares of Ares Management from $178.00 to $163.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ares Management in a report on Wednesday, April 29th. Zacks Research upgraded shares of Ares Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Oppenheimer reiterated an “outperform” rating and issued a $146.00 price target (down from $147.00) on shares of Ares Management in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. reduced their price target on Ares Management from $188.00 to $144.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Ares Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.12.

Ares Management Stock Performance

Ares Management stock opened at $116.72 on Monday. Ares Management Corporation has a 12-month low of $95.80 and a 12-month high of $195.26. 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 business’s 50-day moving average price is $122.94 and its two-hundred day moving average price is $130.11. The stock has a market cap of $38.50 billion, a PE ratio of 54.29, a P/E/G ratio of 1.03 and a beta of 1.51.

Ares Management (NYSE:ARES) last posted its earnings results on Friday, May 1st. The asset manager reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). Ares Management had a return on equity of 22.14% and a net margin of 10.54%.The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the company posted $1.09 EPS. As a group, analysts expect that Ares Management Corporation will post 6.04 earnings per share for the current fiscal year.

Ares Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were given a $1.35 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $5.40 dividend on an annualized basis and a yield of 4.6%. Ares Management’s dividend payout ratio (DPR) is currently 251.16%.

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.