Crawford Investment Counsel Inc. Boosts Holdings in Ares Management Corporation $ARES

Crawford Investment Counsel Inc. increased its stake in shares of Ares Management Corporation (NYSE:ARESFree Report) by 24.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 71,008 shares of the asset manager’s stock after buying an additional 13,745 shares during the quarter. Crawford Investment Counsel Inc.’s holdings in Ares Management were worth $11,477,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Vulcan Value Partners LLC increased its holdings in Ares Management by 10.6% during the third quarter. Vulcan Value Partners LLC now owns 1,350,249 shares of the asset manager’s stock worth $215,785,000 after buying an additional 129,368 shares during the last quarter. Hudson Bay Capital Management LP increased its holdings in Ares Management by 1,903.9% during the third quarter. Hudson Bay Capital Management LP now owns 60,717 shares of the asset manager’s stock worth $9,708,000 after buying an additional 57,687 shares during the last quarter. Quilter Plc increased its holdings in Ares Management by 5.6% during the fourth quarter. Quilter Plc now owns 704,069 shares of the asset manager’s stock worth $113,799,000 after buying an additional 37,366 shares during the last quarter. CI Investments Inc. increased its holdings in Ares Management by 35,425.5% during the third quarter. CI Investments Inc. now owns 221,679 shares of the asset manager’s stock worth $35,444,000 after buying an additional 221,055 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Ares Management during the third quarter worth about $2,971,000. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Ares Management Price Performance

Shares of NYSE:ARES opened at $135.24 on Wednesday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $44.61 billion, a PE ratio of 62.90, a P/E/G ratio of 1.19 and a beta of 1.51. Ares Management Corporation has a twelve month low of $95.80 and a twelve month high of $195.26. The company has a 50-day moving average price of $121.15 and a two-hundred day moving average price of $134.54.

Ares Management (NYSE:ARESGet Free Report) last issued its earnings results on Friday, May 1st. The asset manager reported $1.24 earnings per share 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 return on equity of 22.14% and a net margin of 10.54%.During the same quarter in the prior year, the business earned $1.09 EPS. Equities analysts forecast that Ares Management Corporation will post 6.06 EPS for the current year.

Ares Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders 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 4.0%. The ex-dividend date is Tuesday, June 16th. Ares Management’s dividend payout ratio (DPR) is 251.16%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Ares Management in a report on Tuesday, May 26th. Oppenheimer reiterated an “outperform” rating and set a $146.00 target price (down from $147.00) on shares of Ares Management in a research report on Monday, May 4th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ares Management in a research report on Wednesday, April 29th. TD Cowen cut their target price on shares of Ares Management from $148.00 to $144.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Finally, Barclays increased their target price on shares of Ares Management from $127.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. One research 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, the company has a consensus rating of “Moderate Buy” and an average target price of $162.56.

Check Out Our Latest Report on Ares Management

Ares Management Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Ares Management (NYSE:ARES)

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