Rothschild Wealth LLC purchased a new stake in Ares Management Corporation (NYSE:ARES – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 37,591 shares of the asset manager’s stock, valued at approximately $6,076,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Redmont Wealth Advisors LLC acquired a new stake in Ares Management during the third quarter valued at approximately $40,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in Ares Management during the fourth quarter valued at approximately $42,000. Elyxium Wealth LLC acquired a new stake in Ares Management during the fourth quarter valued at approximately $42,000. Washington Trust Advisors Inc. acquired a new stake in Ares Management during the third quarter valued at approximately $50,000. Finally, AlphaCentric Advisors LLC acquired a new stake in Ares Management during the fourth quarter valued at approximately $62,000. Hedge funds and other institutional investors own 50.03% of the company’s stock.
Analysts Set New Price Targets
Several analysts have issued reports on ARES shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Ares Management in a research report on Tuesday, May 26th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ares Management in a research report on Wednesday, April 29th. The Goldman Sachs Group dropped their price target on Ares Management from $165.00 to $131.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. BMO Capital Markets dropped their price target on Ares Management from $140.00 to $112.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 24th. Finally, Zacks Research upgraded Ares Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. One research 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.com, the stock has an average rating of “Moderate Buy” and an average price target of $162.56.
Ares Management Stock Performance
ARES opened at $135.24 on Wednesday. The firm has a market cap of $44.61 billion, a PE ratio of 62.90, a P/E/G ratio of 1.19 and a beta of 1.51. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.96. The business has a fifty day simple moving average of $121.15 and a 200-day simple moving average of $134.54. Ares Management Corporation has a fifty-two week low of $95.80 and a fifty-two week high of $195.26.
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 the consensus estimate of $1.32 by ($0.08). The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.28 billion. Ares Management had a return on equity of 22.14% and a net margin of 10.54%.During the same period in the prior year, the business earned $1.09 earnings per share. As a group, equities analysts predict that Ares Management Corporation will post 6.06 EPS for the current fiscal year.
Ares Management Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.0%. Ares Management’s dividend payout ratio is presently 251.16%.
About Ares Management
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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