Northwestern Mutual Investment Management Company LLC purchased a new stake in Ares Management Corporation (NYSE:ARES – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,582 shares of the asset manager’s stock, valued at approximately $1,064,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Redmont Wealth Advisors LLC acquired a new stake in shares of Ares Management in the third quarter valued at about $40,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Ares Management in the fourth quarter valued at about $42,000. Washington Trust Advisors Inc. acquired a new stake in shares of Ares Management in the third quarter valued at about $50,000. Covestor Ltd increased its stake in shares of Ares Management by 182.6% in the third quarter. Covestor Ltd now owns 421 shares of the asset manager’s stock valued at $67,000 after buying an additional 272 shares during the period. Finally, Johnson Financial Group Inc. increased its stake in shares of Ares Management by 230.7% in the third quarter. Johnson Financial Group Inc. now owns 453 shares of the asset manager’s stock valued at $72,000 after buying an additional 316 shares during the period. Institutional investors and hedge funds own 50.03% of the company’s stock.
Analyst Ratings Changes
ARES has been the subject of several recent research reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Ares Management in a research note on Wednesday, April 29th. Morgan Stanley decreased their price target on Ares Management from $178.00 to $163.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Citizens Jmp decreased their price target on Ares Management from $205.00 to $190.00 and set a “market outperform” rating for the company in a research note on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft raised Ares Management from a “hold” rating to a “buy” rating and decreased their target price for the stock from $182.00 to $155.00 in a research note on Friday, February 6th. Finally, Wall Street Zen cut Ares Management from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $166.06.
Ares Management Stock Up 0.0%
Ares Management stock opened at $123.44 on Monday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.96. Ares Management Corporation has a 12-month low of $95.80 and a 12-month high of $195.26. The firm’s fifty day moving average is $111.65 and its 200 day moving average is $138.00. The company has a market capitalization of $40.72 billion, a PE ratio of 57.42, a PEG ratio of 1.08 and a beta of 1.50.
Ares Management (NYSE:ARES – Get Free Report) last released its earnings results on Friday, May 1st. The asset manager reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). Ares Management had a net margin of 10.54% and a return on equity of 22.14%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the firm earned $1.09 EPS. As a group, sell-side analysts predict that Ares Management Corporation will post 6.05 EPS for the current fiscal year.
Ares Management Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Tuesday, June 16th. Ares Management’s payout ratio is presently 251.16%.
Insider Activity
In related news, Director Judy D. Olian bought 480 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were bought at an average price of $124.43 per share, for a total transaction of $59,726.40. Following the transaction, the director directly owned 29,734 shares of the company’s stock, valued at approximately $3,699,801.62. The trade was a 1.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.52% of the stock is owned by insiders.
Ares Management 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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