AR Asset Management Inc. Makes New Investment in Ares Management Corporation $ARES

AR Asset Management Inc. bought a new stake in Ares Management Corporation (NYSE:ARES) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,500 shares of the asset manager’s stock, valued at approximately $709,000.

A number of other hedge funds have also modified their holdings of ARES. Vanguard Group Inc. increased its position in shares of Ares Management by 20.2% during the 4th quarter. Vanguard Group Inc. now owns 26,050,425 shares of the asset manager’s stock worth $4,210,530,000 after purchasing an additional 4,373,955 shares during the last quarter. Norges Bank acquired a new position in Ares Management in the fourth quarter valued at about $396,165,000. Geode Capital Management LLC boosted its stake in Ares Management by 55.7% during the fourth 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 period. Massachusetts Financial Services Co. MA boosted its stake in Ares Management by 26.3% during the fourth 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 period. Finally, River Road Asset Management LLC increased its position in shares of Ares Management by 40,652.1% during the fourth quarter. River Road Asset Management LLC now owns 807,300 shares of the asset manager’s stock valued at $130,484,000 after acquiring an additional 805,319 shares during the last quarter. 50.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised shares of Ares Management to a “hold” rating in a research note on Monday. Citigroup reissued an “outperform” rating on shares of Ares Management in a research report on Thursday, July 9th. Oppenheimer cut their price objective on Ares Management from $146.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. JPMorgan Chase & Co. decreased their target price on Ares Management from $188.00 to $144.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 28th. Finally, Morgan Stanley set a $160.00 target price on Ares Management in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Ares Management has an average rating of “Moderate Buy” and an average price target of $158.93.

Ares Management Trading Down 0.8%

ARES opened at $119.76 on Thursday. The business has a fifty day moving average price of $123.57 and a 200 day moving average price of $125.94. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.23 and a quick ratio of 0.23. Ares Management Corporation has a 12 month low of $95.80 and a 12 month high of $195.26. The stock has a market capitalization of $39.50 billion, a price-to-earnings ratio of 55.70, a PEG ratio of 1.07 and a beta of 1.51.

Ares Management (NYSE:ARES) last announced its quarterly earnings data 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). Ares Management had a net margin of 10.54% and a return on equity of 22.14%. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the business posted $1.09 EPS. Sell-side analysts expect that Ares Management Corporation will post 5.99 earnings per share for the current fiscal year.

Ares Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were given 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 dividend yield of 4.5%. Ares Management’s dividend payout ratio 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.