ING Groep NV acquired a new position in shares of Ares Management Corporation (NYSE:ARES – Free Report) in the 4th quarter, Holdings Channel.com reports. The fund acquired 9,509 shares of the asset manager’s stock, valued at approximately $1,537,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Capital International Inc. CA boosted its stake in Ares Management by 1.9% during the fourth quarter. Capital International Inc. CA now owns 51,179 shares of the asset manager’s stock worth $8,272,000 after buying an additional 940 shares during the period. Capital International Investors boosted its stake in Ares Management by 0.3% during the fourth quarter. Capital International Investors now owns 4,257,710 shares of the asset manager’s stock worth $688,176,000 after buying an additional 14,516 shares during the period. Los Angeles Capital Management LLC purchased a new position in Ares Management during the fourth quarter worth $136,000. Longfellow Investment Management Co. LLC boosted its stake in Ares Management by 32.1% during the fourth quarter. Longfellow Investment Management Co. LLC now owns 4,747 shares of the asset manager’s stock worth $767,000 after buying an additional 1,154 shares during the period. Finally, Nemes Rush Group LLC boosted its stake in Ares Management by 19.6% during the fourth quarter. Nemes Rush Group LLC now owns 2,126 shares of the asset manager’s stock worth $344,000 after buying an additional 348 shares during the period. 50.03% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
ARES has been the subject of several recent analyst reports. Citizens Jmp dropped their price objective on shares of 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. UBS Group set a $148.00 price objective on shares of Ares Management in a report on Friday, February 20th. Zacks Research raised shares of Ares Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. decreased their price target on shares of Ares Management from $188.00 to $144.00 and set an “overweight” rating for the company in a research note on Tuesday, April 28th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $146.00 price target (down from $147.00) on shares of Ares Management in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $162.56.
Ares Management Stock Performance
Ares Management stock opened at $130.63 on Wednesday. Ares Management Corporation has a fifty-two week low of $95.80 and a fifty-two week high of $195.26. The company has a 50 day moving average price of $118.35 and a 200-day moving average price of $135.12. The company has a market capitalization of $43.09 billion, a PE ratio of 60.76, a P/E/G ratio of 1.11 and a beta of 1.51. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.23 and a current ratio of 0.23.
Ares Management (NYSE:ARES – Get Free Report) last released 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). Ares Management had a return on equity of 22.14% and a net margin of 10.54%.The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period last year, the company earned $1.09 earnings per share. As a group, equities analysts forecast that Ares Management Corporation will post 6.06 earnings per share for the current year.
Ares Management Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a $1.35 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $5.40 dividend on an annualized basis and a yield of 4.1%. Ares Management’s dividend payout ratio is 251.16%.
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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