Guardian Point Capital LP grew its holdings in shares of Ares Management Corporation (NYSE:ARES – Free Report) by 100.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 200,000 shares of the asset manager’s stock after purchasing an additional 100,000 shares during the period. Ares Management comprises 10.0% of Guardian Point Capital LP’s holdings, making the stock its 3rd largest holding. Guardian Point Capital LP’s holdings in Ares Management were worth $32,326,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Ares Management by 20.2% in the fourth quarter. Vanguard Group Inc. now owns 26,050,425 shares of the asset manager’s stock valued at $4,210,530,000 after buying an additional 4,373,955 shares in the last quarter. Norges Bank acquired a new stake in shares of Ares Management in the fourth quarter valued at approximately $396,165,000. Geode Capital Management LLC raised its position in shares of Ares Management by 55.7% in the fourth quarter. Geode Capital Management LLC now owns 5,489,004 shares of the asset manager’s stock valued at $883,716,000 after buying an additional 1,963,460 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Ares Management by 26.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,705,599 shares of the asset manager’s stock valued at $922,196,000 after buying an additional 1,187,174 shares in the last quarter. Finally, Marshall Wace LLP raised its position in shares of Ares Management by 487.4% in the third quarter. Marshall Wace LLP now owns 912,656 shares of the asset manager’s stock valued at $145,925,000 after buying an additional 757,293 shares in the last quarter. Institutional investors and hedge funds own 50.03% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Ares Management in a research report on Tuesday, May 26th. Morgan Stanley dropped their price target on shares of Ares Management from $178.00 to $163.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. JPMorgan Chase & Co. dropped their price target on shares of Ares Management from $188.00 to $144.00 and set an “overweight” rating for the company in a research report on Tuesday, April 28th. BMO Capital Markets dropped their price target on shares of Ares Management from $140.00 to $112.00 and set a “market perform” rating for the company in a research report on Tuesday, March 24th. Finally, Citizens Jmp dropped their price target on shares of Ares Management from $205.00 to $190.00 and set a “market outperform” rating for the company in a research report on Wednesday, April 22nd. One investment 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $162.56.
Ares Management Stock Down 0.1%
Shares of NYSE:ARES opened at $135.24 on Wednesday. The company has a fifty day moving average of $121.15 and a 200-day moving average of $134.54. The company has a market capitalization of $44.61 billion, a PE ratio of 62.90, a price-to-earnings-growth ratio of 1.19 and a beta of 1.51. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.23 and a current ratio of 0.23. Ares Management Corporation has a 52-week low of $95.80 and a 52-week high of $195.26.
Ares Management (NYSE:ARES – Get Free Report) last announced 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 company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.28 billion. Ares Management had a return on equity of 22.14% and a net margin of 10.54%.During the same quarter last year, the company posted $1.09 earnings per share. On average, equities analysts predict that Ares Management Corporation will post 6.06 EPS for the current fiscal year.
Ares Management Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Tuesday, June 16th. Ares Management’s dividend payout ratio is presently 251.16%.
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.
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