National Pension Service Increases Stock Position in Ares Management Corporation $ARES

National Pension Service increased its position in Ares Management Corporation (NYSE:ARES) by 12.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 299,123 shares of the asset manager’s stock after purchasing an additional 34,266 shares during the quarter. National Pension Service owned 0.09% of Ares Management worth $48,347,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Redmont Wealth Advisors LLC purchased a new position in shares of Ares Management in the third quarter valued at $40,000. Atlantic Edge Private Wealth Management LLC bought a new position in Ares Management during the 4th quarter valued at $42,000. Elyxium Wealth LLC bought a new position in Ares Management during the 4th quarter valued at $42,000. Washington Trust Advisors Inc. bought a new position in Ares Management during the 3rd quarter valued at $50,000. Finally, Leonteq Securities AG bought a new position in Ares Management during the 4th quarter valued at $70,000. 50.03% of the stock is currently owned by hedge funds and other institutional investors.

Ares Management Trading Up 0.2%

Ares Management stock opened at $128.75 on Monday. The firm’s 50-day moving average is $115.44 and its 200-day moving average is $136.10. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.23 and a current ratio of 0.23. Ares Management Corporation has a 1 year low of $95.80 and a 1 year high of $195.26. The company has a market cap of $42.47 billion, a P/E ratio of 59.89, a PEG ratio of 1.13 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 (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 business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the business posted $1.09 earnings per share. On average, equities 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. Stockholders of record on Tuesday, June 16th will be given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Tuesday, June 16th. Ares Management’s dividend payout ratio (DPR) is presently 251.16%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ARES shares. Deutsche Bank Aktiengesellschaft upgraded shares of Ares Management from a “hold” rating to a “buy” rating and reduced their price objective for the company from $182.00 to $155.00 in a research note on Friday, February 6th. Raymond James Financial upgraded shares of Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 price objective on the stock in a research note on Monday, February 9th. JPMorgan Chase & Co. reduced their price objective on shares of Ares Management from $188.00 to $144.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ares Management in a research note on Tuesday, May 26th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Ares Management in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $162.56.

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.