Chicago Partners Investment Group LLC Has $3.78 Million Stock Position in Ares Management Corporation $ARES

Chicago Partners Investment Group LLC boosted its position in shares of Ares Management Corporation (NYSE:ARES) by 20.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,236 shares of the asset manager’s stock after purchasing an additional 5,300 shares during the period. Chicago Partners Investment Group LLC’s holdings in Ares Management were worth $3,781,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in shares of Ares Management by 116.7% in the first quarter. AQR Capital Management LLC now owns 10,360 shares of the asset manager’s stock valued at $1,519,000 after acquiring an additional 5,579 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Ares Management by 5.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,344 shares of the asset manager’s stock worth $197,000 after acquiring an additional 70 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Ares Management by 42.7% in the 1st quarter. Empowered Funds LLC now owns 6,197 shares of the asset manager’s stock worth $909,000 after acquiring an additional 1,853 shares in the last quarter. Focus Partners Wealth grew its position in Ares Management by 15.3% during the 1st quarter. Focus Partners Wealth now owns 1,902 shares of the asset manager’s stock worth $279,000 after acquiring an additional 252 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its position in Ares Management by 708.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 493 shares of the asset manager’s stock worth $72,000 after acquiring an additional 432 shares during the last quarter. 50.03% of the stock is currently owned by institutional investors and hedge funds.

Ares Management Trading Down 1.2%

ARES stock opened at $120.39 on Tuesday. The company has a market cap of $39.71 billion, a P/E ratio of 55.99, a PEG ratio of 1.08 and a beta of 1.51. Ares Management Corporation has a twelve month low of $95.80 and a twelve month high of $195.26. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.96. The business has a fifty day moving average of $123.76 and a 200-day moving average of $128.08.

Ares Management (NYSE:ARES) last issued its quarterly earnings results on Friday, May 1st. The asset manager reported $1.24 earnings per share (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 period last year, the company earned $1.09 EPS. As a group, equities research analysts expect that Ares Management Corporation will post 6.03 EPS for the current year.

Ares Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were paid a $1.35 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $5.40 dividend on an annualized basis and a yield of 4.5%. Ares Management’s dividend payout ratio (DPR) is presently 251.16%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. cut their price objective on Ares Management from $188.00 to $144.00 and set an “overweight” rating for the company in a research report on Tuesday, April 28th. Morgan Stanley decreased their target price on Ares Management from $178.00 to $163.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Weiss Ratings restated a “hold (c)” rating on shares of Ares Management in a research note on Tuesday, May 26th. Oppenheimer reaffirmed an “outperform” rating and issued a $146.00 price target (down from $147.00) on shares of Ares Management in a report on Monday, May 4th. Finally, Wall Street Zen cut Ares Management from a “hold” rating to a “sell” rating in a report on Saturday, July 4th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $159.53.

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.