Fjarde AP Fonden Fourth Swedish National Pension Fund Grows Stake in Ares Management Corporation $ARES

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Ares Management Corporation (NYSE:ARES) by 44.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 51,600 shares of the asset manager’s stock after acquiring an additional 15,900 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Ares Management were worth $5,630,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Ares Management by 20.2% in the fourth quarter. Vanguard Group Inc. now owns 26,050,425 shares of the asset manager’s stock valued at $4,210,530,000 after purchasing an additional 4,373,955 shares during the last quarter. Norges Bank purchased a new stake in shares of Ares Management during the 4th quarter worth approximately $396,165,000. Geode Capital Management LLC lifted its position in shares of Ares Management by 55.7% during the 4th quarter. Geode Capital Management LLC now owns 5,489,004 shares of the asset manager’s stock worth $883,716,000 after buying an additional 1,963,460 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Ares Management by 26.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,705,599 shares of the asset manager’s stock worth $922,196,000 after buying an additional 1,187,174 shares during the last quarter. Finally, River Road Asset Management LLC boosted its holdings in shares of Ares Management by 40,652.1% in the 4th quarter. River Road Asset Management LLC now owns 807,300 shares of the asset manager’s stock valued at $130,484,000 after buying an additional 805,319 shares in the last quarter. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ARES. TD Cowen increased their target price on shares of Ares Management from $144.00 to $153.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Zacks Research raised shares of Ares Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. decreased their price objective on shares of Ares Management from $188.00 to $144.00 and set an “overweight” rating for the company in a research note on Tuesday, April 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ares Management in a report on Tuesday, May 26th. Finally, Morgan Stanley cut their target price on 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. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $163.12.

Ares Management Price Performance

ARES stock opened at $116.72 on Monday. 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 $38.50 billion, a P/E ratio of 54.29, a PEG ratio of 1.03 and a beta of 1.51. The business has a 50 day simple moving average of $122.94 and a 200-day simple moving average of $130.11. Ares Management Corporation has a twelve month low of $95.80 and a twelve month 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 business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations 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 last year, the company earned $1.09 EPS. As a group, equities analysts anticipate that Ares Management Corporation will post 6.04 EPS for the current year.

Ares Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Tuesday, June 16th. Ares Management’s dividend payout ratio is presently 251.16%.

About Ares Management

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.