Odyssean LLC Takes $2.45 Million Position in Ares Management Corporation $ARES

Odyssean LLC bought a new position in shares of Ares Management Corporation (NYSE:ARESFree Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 22,037 shares of the asset manager’s stock, valued at approximately $2,453,000.

Other large investors have also added to or reduced their stakes in the company. Syon Capital LLC lifted its holdings in Ares Management by 25.4% during the 2nd quarter. Syon Capital LLC now owns 2,915 shares of the asset manager’s stock valued at $324,000 after purchasing an additional 590 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of Ares Management by 744.9% in the second quarter. TD Waterhouse Canada Inc. now owns 10,621 shares of the asset manager’s stock valued at $1,206,000 after purchasing an additional 9,364 shares during the last quarter. NEOS Investment Management LLC increased its holdings in shares of Ares Management by 13.6% in the second quarter. NEOS Investment Management LLC now owns 32,735 shares of the asset manager’s stock valued at $3,644,000 after purchasing an additional 3,908 shares during the last quarter. Nykredit A S bought a new position in shares of Ares Management in the second quarter valued at about $7,488,000. Finally, B. Metzler seel. Sohn & Co. AG raised its position in shares of Ares Management by 46.2% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 8,617 shares of the asset manager’s stock valued at $959,000 after purchasing an additional 2,722 shares during the period. Institutional investors own 50.03% of the company’s stock.

Ares Management Trading Down 0.9%

Shares of ARES opened at $140.28 on Friday. Ares Management Corporation has a 52-week low of $95.80 and a 52-week high of $186.85. The business’s fifty day moving average is $131.20 and its 200-day moving average is $122.34. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.26 and a current ratio of 0.26. The firm has a market cap of $46.33 billion, a price-to-earnings ratio of 64.35, a PEG ratio of 1.22 and a beta of 1.49.

Ares Management (NYSE:ARESGet Free Report) last announced its quarterly earnings data on Friday, July 31st. The asset manager reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.01. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.27 billion. Ares Management had a return on equity of 25.42% and a net margin of 10.63%.Ares Management’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.03 EPS. Equities analysts anticipate that Ares Management Corporation will post 5.94 EPS for the current fiscal year.

Ares Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Wednesday, September 16th. Ares Management’s dividend payout ratio (DPR) is presently 247.71%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ARES shares. JPMorgan Chase & Co. lifted their target price on shares of Ares Management from $143.00 to $153.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. TD Cowen boosted their price objective on Ares Management from $153.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Keefe, Bruyette & Woods upgraded Ares Management to a “hold” rating in a research note on Monday, July 20th. BMO Capital Markets lifted their price target on Ares Management from $128.00 to $134.00 and gave the stock a “market perform” rating in a report on Monday, August 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ares Management in a research note on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $160.47.

Check Out Our Latest Research Report on ARES

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.

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

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