Ares Management Corporation $ARES Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its stake in Ares Management Corporation (NYSE:ARES) by 48.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,174,032 shares of the asset manager’s stock after acquiring an additional 384,148 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.36% of Ares Management worth $189,759,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vulcan Value Partners LLC lifted its position in Ares Management by 10.6% during the third quarter. Vulcan Value Partners LLC now owns 1,350,249 shares of the asset manager’s stock valued at $215,785,000 after buying an additional 129,368 shares in the last quarter. Hudson Bay Capital Management LP lifted its position in Ares Management by 1,903.9% during the third quarter. Hudson Bay Capital Management LP now owns 60,717 shares of the asset manager’s stock valued at $9,708,000 after buying an additional 57,687 shares in the last quarter. Quilter Plc lifted its position in Ares Management by 5.6% during the fourth quarter. Quilter Plc now owns 704,069 shares of the asset manager’s stock valued at $113,799,000 after buying an additional 37,366 shares in the last quarter. CI Investments Inc. lifted its position in Ares Management by 35,425.5% during the third quarter. CI Investments Inc. now owns 221,679 shares of the asset manager’s stock valued at $35,444,000 after buying an additional 221,055 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Ares Management during the third quarter valued at approximately $2,971,000. 50.03% of the stock is owned by institutional investors and hedge funds.

Ares Management Trading Down 3.5%

NYSE ARES opened at $125.92 on Friday. The company’s fifty day simple moving average is $117.49 and its 200-day simple moving average is $135.38. Ares Management Corporation has a 52 week low of $95.80 and a 52 week high of $195.26. 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 stock has a market cap of $41.53 billion, a P/E ratio of 58.57, a PEG ratio of 1.14 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 firm had revenue of $1.40 billion for 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. Equities research analysts predict that Ares Management Corporation will post 6.06 EPS for the current fiscal year.

Ares Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, June 16th. Ares Management’s payout ratio is presently 251.16%.

Analysts Set New Price Targets

A number of research analysts have weighed in on ARES shares. UBS Group set a $148.00 price target on shares of Ares Management in a research report on Friday, February 20th. Oppenheimer reaffirmed an “outperform” rating and set a $146.00 price target (down from $147.00) on shares of Ares Management in a research report on Monday, May 4th. BMO Capital Markets reduced their price target 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. Barclays lifted their price target on shares of Ares Management from $127.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Finally, JPMorgan Chase & Co. reduced their price target on shares of 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 research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus 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.