Copeland Capital Management LLC Acquires Shares of 87,149 Ares Management Corporation $ARES

Copeland Capital Management LLC bought a new position in shares of Ares Management Corporation (NYSE:ARES) in the first quarter, Holdings Channel reports. The firm bought 87,149 shares of the asset manager’s stock, valued at approximately $9,508,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Osbon Capital Management LLC acquired a new position in shares of Ares Management in the 4th quarter valued at $32,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Ares Management during the fourth quarter worth $42,000. Elyxium Wealth LLC acquired a new stake in shares of Ares Management during the fourth quarter worth $42,000. Summit Securities Group LLC bought a new stake in Ares Management in the fourth quarter valued at about $49,000. Finally, AlphaCentric Advisors LLC bought a new stake in Ares Management in the fourth quarter valued at about $62,000. Institutional investors own 50.03% of the company’s stock.

Ares Management Stock Performance

Shares of Ares Management stock opened at $125.44 on Friday. The stock’s fifty day simple moving average is $123.76 and its 200 day simple moving average is $127.11. 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 company has a market capitalization of $41.38 billion, a PE ratio of 58.34, a PEG ratio of 1.11 and a beta of 1.51. Ares Management Corporation has a 12 month low of $95.80 and a 12 month high of $195.26.

Ares Management (NYSE:ARES) last posted its 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). 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 analyst estimates of $1.28 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. On average, research analysts predict that Ares Management Corporation will post 5.99 EPS for the current year.

Ares Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Tuesday, June 16th. Ares Management’s payout ratio is 251.16%.

Analysts Set New Price Targets

Several research firms have weighed in on ARES. The Goldman Sachs Group cut their target price on Ares Management from $165.00 to $131.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Oppenheimer decreased their target price on Ares Management from $146.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday. Citizens Jmp lowered their price target on Ares Management from $190.00 to $160.00 and set a “market outperform” rating for the company in a research note on Thursday, July 9th. Morgan Stanley cut their price target on shares of 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, TD Cowen lifted their price objective on shares of Ares Management from $144.00 to $153.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $159.13.

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.