River Road Asset Management LLC grew its holdings in shares of Ares Management Corporation (NYSE:ARES – Free Report) by 40,652.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 807,300 shares of the asset manager’s stock after buying an additional 805,319 shares during the quarter. Ares Management accounts for 1.4% of River Road Asset Management LLC’s portfolio, making the stock its 15th largest position. River Road Asset Management LLC’s holdings in Ares Management were worth $130,484,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in ARES. Redmont Wealth Advisors LLC acquired a new position in shares of Ares Management during the 3rd quarter valued at $40,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in Ares Management in the 4th quarter valued at $42,000. Elyxium Wealth LLC acquired a new stake in Ares Management in the 4th quarter valued at $42,000. Summit Securities Group LLC purchased a new position in Ares Management in the fourth quarter valued at about $49,000. Finally, Washington Trust Advisors Inc. purchased a new position in Ares Management in the third quarter valued at about $50,000. Institutional investors and hedge funds own 50.03% of the company’s stock.
Ares Management Stock Up 0.8%
ARES stock opened at $129.41 on Friday. The firm has a market cap of $42.69 billion, a price-to-earnings ratio of 60.19, a PEG ratio of 1.12 and a beta of 1.51. Ares Management Corporation has a 1-year low of $95.80 and a 1-year high of $195.26. The firm has a fifty day moving average price of $122.21 and a two-hundred day moving average price of $134.16. 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a dividend of $1.35 per share. The ex-dividend date is Tuesday, June 16th. This represents a $5.40 annualized dividend and a yield of 4.2%. Ares Management’s dividend payout ratio is 251.16%.
Analysts Set New Price Targets
Several research analysts have recently weighed in on ARES shares. Barclays upped their target price on shares of Ares Management from $127.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. decreased their price target on Ares Management from $188.00 to $144.00 and set an “overweight” rating for the company in a research note on Tuesday, April 28th. Wall Street Zen raised Ares Management from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Royal Bank Of Canada restated an “outperform” rating on shares of Ares Management in a research note on Wednesday, April 29th. Finally, TD Cowen reduced their target price on Ares Management from $148.00 to $144.00 and set a “buy” rating on the stock in a report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $162.56.
Read Our Latest Stock Report 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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