Delta Global Management LP Makes New $2.32 Million Investment in Ares Management Corporation $ARES

Delta Global Management LP bought a new stake in shares of Ares Management Corporation (NYSE:ARESFree Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 21,230 shares of the asset manager’s stock, valued at approximately $2,316,000.

Several other large investors have also modified their holdings of the business. OMERS ADMINISTRATION Corp boosted its stake in shares of Ares Management by 36.2% during the first quarter. OMERS ADMINISTRATION Corp now owns 8,337 shares of the asset manager’s stock valued at $910,000 after purchasing an additional 2,217 shares in the last quarter. Waverly Advisors LLC purchased a new position in Ares Management during the first quarter valued at approximately $514,000. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Ares Management by 4,113.6% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 343,116 shares of the asset manager’s stock worth $37,434,000 after buying an additional 334,973 shares in the last quarter. Renaissance Technologies LLC bought a new position in Ares Management in the first quarter worth approximately $9,350,000. Finally, Klingman & Associates LLC lifted its holdings in Ares Management by 31.4% during the first quarter. Klingman & Associates LLC now owns 3,434 shares of the asset manager’s stock worth $375,000 after buying an additional 820 shares during the period. Institutional investors own 50.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. JPMorgan Chase & Co. dropped their target price on Ares Management from $188.00 to $144.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 28th. TD Cowen boosted their price target on Ares Management from $144.00 to $153.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Oppenheimer decreased their price objective on Ares Management from $146.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ares Management in a research report on Wednesday, April 29th. Finally, Morgan Stanley set a $160.00 target price on Ares Management in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Ares Management has a consensus rating of “Moderate Buy” and a consensus target price of $158.93.

View Our Latest Research Report on Ares Management

Ares Management Trading Up 4.2%

NYSE:ARES opened at $126.37 on Friday. The stock has a market capitalization of $41.68 billion, a price-to-earnings ratio of 58.78, a PEG ratio of 1.13 and a beta of 1.51. Ares Management Corporation has a 52 week low of $95.80 and a 52 week high of $195.26. 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 50 day moving average of $123.48 and a 200 day moving average of $125.63.

Ares Management (NYSE:ARESGet Free Report) last released 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 firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Ares Management had a return on equity of 22.14% and a net margin of 10.54%.During the same period in the prior year, the firm posted $1.09 earnings per share. As a group, sell-side analysts anticipate that Ares Management Corporation will post 5.98 earnings per share for the current fiscal year.

Ares Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were given a $1.35 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.3%. Ares Management’s dividend payout ratio (DPR) is presently 251.16%.

Ares Management 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.

Recommended Stories

Want to see what other hedge funds are holding ARES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ares Management Corporation (NYSE:ARESFree Report).

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

Receive News & Ratings for Ares Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ares Management and related companies with MarketBeat.com's FREE daily email newsletter.