BI Asset Management Fondsmaeglerselskab A S increased its stake in Ares Management Corporation (NYSE:ARES – Free Report) by 21.3% in the 4th quarter, Holdings Channel reports. The firm owned 44,074 shares of the asset manager’s stock after purchasing an additional 7,739 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Ares Management were worth $7,124,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Redmont Wealth Advisors LLC acquired a new position in shares of Ares Management during the third quarter worth approximately $40,000. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Ares Management during the fourth quarter worth approximately $42,000. Elyxium Wealth LLC acquired a new position in shares of Ares Management during the fourth quarter worth approximately $42,000. Washington Trust Advisors Inc. acquired a new position in shares of Ares Management during the third quarter worth approximately $50,000. Finally, Leonteq Securities AG acquired a new position in shares of Ares Management during the fourth quarter worth approximately $70,000. 50.03% of the stock is currently owned by institutional investors and hedge funds.
Ares Management Stock Performance
Shares of NYSE:ARES opened at $125.92 on Friday. The business’s fifty day moving average price is $117.49 and its two-hundred day moving average price is $135.38. Ares Management Corporation has a fifty-two week low of $95.80 and a fifty-two week high of $195.26. The stock has a market capitalization of $41.53 billion, a price-to-earnings ratio of 58.57, a price-to-earnings-growth ratio of 1.10 and a beta of 1.51. 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 Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders 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 yield of 4.3%. The ex-dividend date is Tuesday, June 16th. Ares Management’s dividend payout ratio is 251.16%.
Analysts Set New Price Targets
A number of brokerages recently commented on ARES. 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. Morgan Stanley cut their target price on Ares Management from $178.00 to $163.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. 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. Citizens Jmp cut their target price on Ares Management from $205.00 to $190.00 and set a “market outperform” rating for the company in a research note on Wednesday, April 22nd. Finally, Raymond James Financial upgraded Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 target price for the company in a research note on Monday, February 9th. One equities research 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $162.56.
Read Our Latest Analysis on Ares Management
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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