Northwestern Mutual Investment Management Company LLC Takes $1.06 Million Position in Ares Management Corporation $ARES

Northwestern Mutual Investment Management Company LLC bought a new stake in shares of Ares Management Corporation (NYSE:ARES) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,582 shares of the asset manager’s stock, valued at approximately $1,064,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Redmont Wealth Advisors LLC bought a new stake in shares of Ares Management during the 3rd quarter worth $40,000. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Ares Management during the 4th quarter worth $42,000. Washington Trust Advisors Inc. bought a new stake in shares of Ares Management during the 3rd quarter worth $50,000. Covestor Ltd lifted its position in shares of Ares Management by 182.6% during the 3rd quarter. Covestor Ltd now owns 421 shares of the asset manager’s stock worth $67,000 after buying an additional 272 shares during the last quarter. Finally, Johnson Financial Group Inc. lifted its position in shares of Ares Management by 230.7% during the 3rd quarter. Johnson Financial Group Inc. now owns 453 shares of the asset manager’s stock worth $72,000 after buying an additional 316 shares during the last quarter. 50.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ARES shares. Morgan Stanley dropped their price objective on Ares Management from $178.00 to $163.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft upgraded Ares Management from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $182.00 to $155.00 in a research report on Friday, February 6th. Barclays upped their price objective on Ares Management from $127.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. UBS Group set a $148.00 price objective on Ares Management in a research report on Friday, February 20th. Finally, JPMorgan Chase & Co. dropped their price objective on Ares Management from $188.00 to $144.00 and set an “overweight” rating for the company in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $166.06.

Ares Management Price Performance

Shares of ARES opened at $123.44 on Monday. Ares Management Corporation has a 12-month low of $95.80 and a 12-month high of $195.26. The business has a 50-day simple moving average of $111.65 and a two-hundred day simple moving average of $138.00. 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 stock has a market cap of $40.72 billion, a PE ratio of 57.42, a PEG ratio of 1.08 and a beta of 1.50.

Ares Management (NYSE:ARES) last issued its earnings results on Friday, May 1st. The asset manager reported $1.24 earnings per share (EPS) 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 firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the company earned $1.09 EPS. Analysts anticipate that Ares Management Corporation will post 6.05 earnings per share for the current fiscal year.

Ares Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, June 16th. Ares Management’s dividend payout ratio is presently 251.16%.

Insider Transactions at Ares Management

In other news, Director Judy D. Olian bought 480 shares of the stock in a transaction on Friday, February 20th. The stock was acquired at an average price of $124.43 per share, with a total value of $59,726.40. Following the acquisition, the director directly owned 29,734 shares in the company, valued at approximately $3,699,801.62. This trade represents a 1.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.52% of the stock is currently owned by insiders.

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.