MUFG Securities EMEA plc bought a new position in Ares Management Corporation (NYSE:ARES – Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 8,445 shares of the asset manager’s stock, valued at approximately $1,365,000.
A number of other institutional investors also recently bought and sold shares of ARES. Vanguard Group Inc. raised its holdings in Ares Management by 20.2% in the 4th quarter. Vanguard Group Inc. now owns 26,050,425 shares of the asset manager’s stock worth $4,210,530,000 after purchasing an additional 4,373,955 shares during the period. Norges Bank bought a new position in Ares Management in the 4th quarter worth $396,165,000. Geode Capital Management LLC raised its holdings in Ares Management by 55.7% in the 4th quarter. Geode Capital Management LLC now owns 5,489,004 shares of the asset manager’s stock worth $883,716,000 after purchasing an additional 1,963,460 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Ares Management by 26.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,705,599 shares of the asset manager’s stock worth $922,196,000 after purchasing an additional 1,187,174 shares during the period. Finally, Marshall Wace LLP raised its holdings in Ares Management by 487.4% in the 3rd quarter. Marshall Wace LLP now owns 912,656 shares of the asset manager’s stock worth $145,925,000 after purchasing an additional 757,293 shares during the period. 50.03% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on ARES. TD Cowen decreased 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. JPMorgan Chase & Co. decreased their target price on Ares Management from $188.00 to $144.00 and set an “overweight” rating on the stock in a report on Tuesday, April 28th. UBS Group set a $148.00 target price on Ares Management in a report on Friday, February 20th. Morgan Stanley decreased their price target on Ares Management from $178.00 to $163.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Finally, Raymond James Financial raised Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 price target on the stock in a report on Monday, February 9th. One equities 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $162.56.
Ares Management Trading Down 0.4%
Shares of Ares Management stock opened at $128.18 on Wednesday. The firm has a market cap of $42.28 billion, a price-to-earnings ratio of 59.62, a PEG ratio of 1.13 and a beta of 1.51. The business has a 50-day moving average price of $115.85 and a 200-day moving average price of $135.92. 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 twelve month low of $95.80 and a twelve month high of $195.26.
Ares Management (NYSE:ARES – Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Ares Management had a net margin of 10.54% and a return on equity of 22.14%. During the same quarter in the previous year, the business earned $1.09 EPS. Equities research analysts anticipate that Ares Management Corporation will post 6.06 EPS for the current fiscal year.
Ares Management Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a $1.35 dividend. 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 (DPR) is currently 251.16%.
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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