Ares Management Corporation $ARES is Vulcan Value Partners LLC’s 7th Largest Position

Vulcan Value Partners LLC lifted its position in shares of Ares Management Corporation (NYSE:ARES) by 12.5% in the second quarter, Holdings Channel reports. The institutional investor owned 1,902,580 shares of the asset manager’s stock after acquiring an additional 211,404 shares during the quarter. Ares Management comprises approximately 6.4% of Vulcan Value Partners LLC’s holdings, making the stock its 7th largest position. Vulcan Value Partners LLC’s holdings in Ares Management were worth $211,776,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Arizona State Retirement System lifted its holdings in Ares Management by 2.1% in the second quarter. Arizona State Retirement System now owns 60,169 shares of the asset manager’s stock valued at $6,697,000 after acquiring an additional 1,240 shares during the last quarter. Nykredit A S purchased a new stake in Ares Management in the second quarter valued at $6,728,000. Corient Private Wealth LP lifted its stake in shares of Ares Management by 36.2% in the 2nd quarter. Corient Private Wealth LP now owns 435,078 shares of the asset manager’s stock valued at $48,429,000 after purchasing an additional 115,682 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Ares Management in the 2nd quarter valued at $1,831,000. Finally, Caz Investments LP purchased a new position in shares of Ares Management during the 2nd quarter worth $11,131,000. 50.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Oppenheimer boosted their price objective on shares of Ares Management from $151.00 to $162.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. Morgan Stanley set a $160.00 price target on shares of Ares Management in a research report on Tuesday, July 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Ares Management in a research note on Friday, August 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $144.00 price objective on shares of Ares Management in a report on Monday, August 3rd. Finally, Wall Street Zen downgraded shares of Ares Management from a “hold” rating to a “sell” rating in a report on Saturday, July 4th. 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 company. According to MarketBeat.com, Ares Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.47.

Ares Management Stock Down 1.3%

NYSE ARES traded down $1.80 on Tuesday, hitting $138.35. 1,836,011 shares of the stock were exchanged, compared to its average volume of 3,031,269. Ares Management Corporation has a fifty-two week low of $95.80 and a fifty-two week high of $186.85. The company has a 50-day moving average price of $132.39 and a 200-day moving average price of $122.36. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 1.00. The company has a market cap of $45.69 billion, a PE ratio of 63.46, a PEG ratio of 1.21 and a beta of 1.49.

Ares Management (NYSE:ARES) last released its quarterly earnings data on Friday, July 31st. The asset manager reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.01. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Ares Management had a net margin of 10.63% and a return on equity of 25.42%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.03 EPS. Sell-side analysts anticipate that Ares Management Corporation will post 5.94 EPS for the current fiscal year.

Ares Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, September 16th. Ares Management’s dividend payout ratio is currently 247.71%.

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.