Eurizon Capital SGR S.p.A. Takes $2.69 Million Position in Ares Management Corporation $ARES

Eurizon Capital SGR S.p.A. acquired a new stake in shares of Ares Management Corporation (NYSE:ARESFree Report) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 16,621 shares of the asset manager’s stock, valued at approximately $2,686,000.

Several other institutional investors have also recently modified their holdings of the company. Zhang Financial LLC increased its position in shares of Ares Management by 48.2% during the 4th quarter. Zhang Financial LLC now owns 4,497 shares of the asset manager’s stock valued at $727,000 after purchasing an additional 1,463 shares during the last quarter. National Pension Service increased its position in shares of Ares Management by 12.9% during the 4th quarter. National Pension Service now owns 299,123 shares of the asset manager’s stock valued at $48,347,000 after purchasing an additional 34,266 shares during the last quarter. Huntington National Bank increased its position in shares of Ares Management by 18.6% during the 4th quarter. Huntington National Bank now owns 1,139 shares of the asset manager’s stock valued at $184,000 after purchasing an additional 179 shares during the last quarter. Kingsview Wealth Management LLC bought a new position in shares of Ares Management during the 4th quarter valued at about $3,519,000. Finally, Vulcan Value Partners LLC increased its position in shares of Ares Management by 25.7% during the 4th quarter. Vulcan Value Partners LLC now owns 1,696,856 shares of the asset manager’s stock valued at $274,344,000 after purchasing an additional 346,607 shares during the last quarter. 50.03% of the stock is currently owned by institutional investors.

Ares Management Trading Down 0.4%

Shares of ARES stock opened at $128.18 on Wednesday. The stock has a market capitalization of $42.28 billion, a PE ratio of 59.62, a P/E/G ratio of 1.13 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 business has a 50-day moving average of $115.85 and a 200 day moving average of $135.92. 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 (NYSE:ARESGet Free Report) last issued its earnings results on Friday, May 1st. The asset manager reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.08). The company 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 prior year, the company earned $1.09 earnings per share. As a group, sell-side analysts anticipate that Ares Management Corporation will post 6.06 earnings per share for the current year.

Ares Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued 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 251.16%.

Wall Street Analyst Weigh In

ARES has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their price objective 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. Citizens Jmp reduced their price objective on Ares Management from $205.00 to $190.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 22nd. The Goldman Sachs Group dropped their target price on Ares Management from $165.00 to $131.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Morgan Stanley dropped their target price on Ares Management from $178.00 to $163.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Ares Management in a report on Wednesday, April 29th. One investment 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’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $162.56.

View Our Latest Stock Report on Ares Management

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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