Oregon Public Employees Retirement Fund bought a new stake in shares of Ares Management Corporation (NYSE:ARES – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 23,600 shares of the asset manager’s stock, valued at approximately $3,814,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Redmont Wealth Advisors LLC purchased a new position in Ares Management during the third quarter valued at $40,000. Atlantic Edge Private Wealth Management LLC purchased a new position in Ares Management during the fourth quarter valued at $42,000. Washington Trust Advisors Inc. purchased a new position in Ares Management during the third quarter valued at $50,000. First Horizon Corp purchased a new position in shares of Ares Management in the third quarter valued at about $51,000. Finally, Covestor Ltd lifted its position in shares of Ares Management by 182.6% in the third quarter. Covestor Ltd now owns 421 shares of the asset manager’s stock valued at $67,000 after acquiring an additional 272 shares in the last quarter. 50.03% of the stock is currently owned by hedge funds and other institutional investors.
Ares Management Price Performance
NYSE:ARES opened at $128.68 on Friday. The company has a current ratio of 0.23, a quick ratio of 1.22 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $42.40 billion, a P/E ratio of 59.85, a P/E/G ratio of 1.08 and a beta of 1.50. Ares Management Corporation has a 12 month low of $95.80 and a 12 month high of $195.26. The business’s 50-day moving average is $111.50 and its 200 day moving average is $138.19.
Ares Management Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Tuesday, June 16th. Ares Management’s payout ratio is currently 251.16%.
Analyst Ratings Changes
Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft upgraded Ares Management from a “hold” rating to a “buy” rating and lowered their price objective for the company from $182.00 to $155.00 in a research report on Friday, February 6th. Zacks Research upgraded Ares Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Royal Bank Of Canada restated an “outperform” rating on shares of Ares Management in a research report on Wednesday, April 29th. Oppenheimer restated an “outperform” rating and issued a $146.00 price objective (down from $147.00) on shares of Ares Management in a research report on Monday, May 4th. Finally, BMO Capital Markets lowered their price objective on 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. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $166.06.
View Our Latest Stock Analysis on ARES
Insider Activity at Ares Management
In other news, Director Judy D. Olian bought 480 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were bought at an average cost of $124.43 per share, for a total transaction of $59,726.40. Following the completion of the transaction, the director owned 29,734 shares of the company’s stock, valued at approximately $3,699,801.62. This represents a 1.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 36.86% of the company’s stock.
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.
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