Ares Management Corporation $ARES Shares Acquired by Capital International Investors

Capital International Investors raised its stake in shares of Ares Management Corporation (NYSE:ARES) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,257,710 shares of the asset manager’s stock after purchasing an additional 14,516 shares during the quarter. Capital International Investors’ holdings in Ares Management were worth $688,176,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Redmont Wealth Advisors LLC acquired a new position in Ares Management during the third quarter valued at $40,000. Atlantic Edge Private Wealth Management LLC acquired a new position in Ares Management during the fourth quarter valued at $42,000. Elyxium Wealth LLC acquired a new position in Ares Management during the fourth quarter valued at $42,000. Washington Trust Advisors Inc. acquired a new position in Ares Management during the third quarter valued at $50,000. Finally, Leonteq Securities AG acquired a new position in Ares Management during the fourth quarter valued at $70,000. Institutional investors and hedge funds own 50.03% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on ARES. The Goldman Sachs Group decreased their target price on shares of Ares Management from $165.00 to $131.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. Raymond James Financial upgraded shares of Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 target price for the company in a research report on Monday, February 9th. Barclays boosted their target price 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. Morgan Stanley decreased 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 report on Tuesday, April 21st. Finally, Zacks Research upgraded shares of Ares Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. One investment 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 stock. According to MarketBeat, Ares Management presently has an average rating of “Moderate Buy” and an average target price of $162.56.

Ares Management Stock Up 0.2%

ARES stock opened at $125.92 on Monday. The firm has a market cap of $41.53 billion, a PE ratio of 58.57, a P/E/G ratio of 1.10 and a beta of 1.51. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.23 and a current ratio of 0.23. The firm’s fifty day moving average is $117.49 and its 200 day moving average is $135.34. Ares Management Corporation has a one year low of $95.80 and a one year high of $195.26.

Ares Management (NYSE:ARES) last released its quarterly earnings results on Friday, May 1st. The asset manager reported $1.24 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.08). The firm had revenue of $1.40 billion for 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 quarter in the prior year, the business posted $1.09 EPS. On average, research analysts forecast that Ares Management Corporation will post 6.06 EPS for the current year.

Ares Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 4.3%. The ex-dividend date is Tuesday, June 16th. Ares Management’s dividend payout ratio (DPR) is currently 251.16%.

Ares Management Company 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.