New Age Alpha Advisors LLC bought a new position in Ares Management Corporation (NYSE:ARES – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 18,960 shares of the asset manager’s stock, valued at approximately $3,065,000.
Several other large investors have also added to or reduced their stakes in ARES. AQR Capital Management LLC boosted its stake in Ares Management by 116.7% in the 1st quarter. AQR Capital Management LLC now owns 10,360 shares of the asset manager’s stock worth $1,519,000 after purchasing an additional 5,579 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in 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 purchasing an additional 70 shares during the period. Empowered Funds LLC boosted its stake in 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 purchasing an additional 1,853 shares during the period. Focus Partners Wealth boosted its stake in Ares Management by 15.3% in the 1st quarter. Focus Partners Wealth now owns 1,902 shares of the asset manager’s stock worth $279,000 after purchasing an additional 252 shares during the period. Finally, Geneos Wealth Management Inc. boosted its stake in Ares Management by 708.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 493 shares of the asset manager’s stock worth $72,000 after purchasing an additional 432 shares during the period. Institutional investors own 50.03% of the company’s stock.
Analyst Ratings Changes
ARES has been the subject of several analyst reports. Barclays raised their target price on Ares Management from $127.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Zacks Research upgraded Ares Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Oppenheimer restated an “outperform” rating and issued a $146.00 target price (down from $147.00) on shares of Ares Management in a research note on Monday, May 4th. TD Cowen cut their target price on Ares Management from $148.00 to $144.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Finally, BMO Capital Markets cut their target price on Ares Management from $140.00 to $112.00 and set a “market perform” rating for the company in a research note on Tuesday, March 24th. One 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. According to MarketBeat.com, Ares Management has an average rating of “Moderate Buy” and a consensus target price of $162.56.
Ares Management Stock Performance
Shares of ARES opened at $125.53 on Wednesday. The company has a market cap of $41.41 billion, a PE ratio of 58.39, a price-to-earnings-growth ratio of 1.09 and a beta of 1.50. 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 stock has a 50-day moving average price of $114.05 and a 200-day moving average price of $136.64. Ares Management Corporation has a 12-month low of $95.80 and a 12-month high of $195.26.
Ares Management (NYSE:ARES – Get Free Report) last issued its quarterly earnings results on Friday, May 1st. The asset manager reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate 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 business posted $1.09 EPS. As a group, equities analysts forecast that Ares Management Corporation will post 6.06 earnings per share for the current fiscal year.
Ares Management Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Tuesday, June 16th. Ares Management’s dividend payout ratio (DPR) is 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.
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