TD Asset Management Inc Has $13.44 Million Stake in Ares Management Corporation $ARES

TD Asset Management Inc lowered its stake in shares of Ares Management Corporation (NYSE:ARES) by 92.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 83,180 shares of the asset manager’s stock after selling 1,004,013 shares during the period. TD Asset Management Inc’s holdings in Ares Management were worth $13,444,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ARES. Vanguard Group Inc. lifted its position in shares of Ares Management by 20.2% during the 4th quarter. Vanguard Group Inc. now owns 26,050,425 shares of the asset manager’s stock worth $4,210,530,000 after buying an additional 4,373,955 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Ares Management by 26.3% during 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 buying an additional 1,187,174 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Ares Management by 55.7% during the 4th quarter. Geode Capital Management LLC now owns 5,489,004 shares of the asset manager’s stock worth $883,716,000 after buying an additional 1,963,460 shares in the last quarter. Capital International Investors lifted its position in shares of Ares Management by 0.4% during the 3rd quarter. Capital International Investors now owns 4,243,194 shares of the asset manager’s stock worth $678,448,000 after buying an additional 15,913 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Ares Management by 8.6% during the 4th quarter. Principal Financial Group Inc. now owns 3,839,693 shares of the asset manager’s stock worth $620,616,000 after buying an additional 304,920 shares in the last quarter. Institutional investors and hedge funds own 50.03% of the company’s stock.

Analysts Set New Price Targets

ARES has been the topic of several recent analyst reports. UBS Group set a $148.00 target price on shares of Ares Management in a research report on Friday, February 20th. BMO Capital Markets dropped their target price on shares of 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. Oppenheimer reissued an “outperform” rating and set a $146.00 target price (down from $147.00) on shares of Ares Management in a research report on Monday, May 4th. TD Cowen dropped their target price on shares of Ares Management from $148.00 to $144.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Finally, Barclays lifted their target price on shares of Ares Management from $127.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.56.

Ares Management Trading Up 0.8%

NYSE:ARES opened at $126.64 on Tuesday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $41.77 billion, a PE ratio of 58.90, a price-to-earnings-growth ratio of 1.10 and a beta of 1.51. The firm’s 50 day moving average is $117.87 and its 200 day moving average is $135.23. Ares Management Corporation has a 12 month low of $95.80 and a 12 month high of $195.26.

Ares Management (NYSE:ARES) last posted its quarterly earnings results on Friday, May 1st. The asset manager reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). The company had revenue of $1.40 billion during 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 last year, the firm posted $1.09 EPS. Sell-side analysts expect 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. Investors of record on Tuesday, June 16th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Tuesday, June 16th. Ares Management’s payout ratio 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.