Caz Investments LP Takes $11.13 Million Position in Ares Management Corporation $ARES

Caz Investments LP acquired a new stake in shares of Ares Management Corporation (NYSE:ARES – Free Report) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 100,000 shares of the asset manager’s stock, valued at approximately $11,131,000. Ares Management makes up 2.2% of Caz Investments LP’s portfolio, making the stock its 6th biggest holding.

A number of other large investors also recently bought and sold shares of ARES. Triumph Capital Management boosted its position in Ares Management by 127.3% during the 2nd quarter. Triumph Capital Management now owns 250 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 140 shares in the last quarter. Osbon Capital Management LLC purchased a new stake in shares of Ares Management during the 4th quarter worth $32,000. Elyxium Wealth LLC purchased a new stake in shares of Ares Management during the 4th quarter worth $42,000. Summit Securities Group LLC bought a new stake in Ares Management during the fourth quarter valued at about $49,000. Finally, Western Wealth Management LLC bought a new stake in Ares Management during the first quarter valued at about $50,000. Institutional investors own 50.03% of the company’s stock.

Get Ares Management alerts:

Ares Management Trading Up 0.1%

NYSE:ARES opened at $140.28 on Monday. Ares Management Corporation has a 12 month low of $95.80 and a 12 month high of $186.85. The firm has a fifty day simple moving average of $131.20 and a 200-day simple moving average of $122.26. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $46.33 billion, a P/E ratio of 64.35, a PEG ratio of 1.21 and a beta of 1.49.

Ares Management (NYSE:ARES – Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The asset manager reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.27 billion. Ares Management had a net margin of 10.63% and a return on equity of 25.42%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 earnings per share. On average, equities research analysts anticipate that Ares Management Corporation will post 5.94 earnings per share for the current year.

Ares Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.8%. The ex-dividend date is Wednesday, September 16th. Ares Management’s payout ratio is presently 247.71%.

Analysts Set New Price Targets

Several research firms have issued reports on ARES. Royal Bank Of Canada lifted their target price on Ares Management from $162.00 to $168.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Citizens Jmp reduced their target price on Ares Management from $190.00 to $160.00 and set a “market outperform” rating on the stock in a research report on Thursday, July 9th. Wall Street Zen cut Ares Management from a “hold” rating to a “sell” rating in a research note on Saturday, July 4th. TD Cowen raised their price target on Ares Management from $153.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Finally, BMO Capital Markets boosted their price target on Ares Management from $128.00 to $134.00 and gave the stock a “market perform” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $160.47.

View Our Latest Report on ARES

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.

Read More

• Five stocks we like better than Ares Management
• AI Token Costs Are Changing the Hardware vs. Software Debate
• 3 ETFs That Could Move as Rate Expectations Shift
• 3 Stocks With September Catalysts Investors Shouldn’t Ignore
• Ollie’s Bargain Outlet Stock Falls on Weak Comps Despite Margin Gains

Want to see what other hedge funds are holding ARES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ares Management Corporation (NYSE:ARES – Free Report).

Receive News & Ratings for Ares Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ares Management and related companies with MarketBeat.com's FREE daily email newsletter.