ING Groep NV Makes New $1.54 Million Investment in Ares Management Corporation $ARES

ING Groep NV bought a new position in shares of Ares Management Corporation (NYSE:ARES) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 9,509 shares of the asset manager’s stock, valued at approximately $1,537,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC bought a new stake in Ares Management during the 3rd quarter worth approximately $40,000. Atlantic Edge Private Wealth Management LLC bought a new stake in Ares Management during the 4th quarter worth approximately $42,000. Elyxium Wealth LLC bought a new stake in Ares Management during the 4th quarter worth approximately $42,000. Washington Trust Advisors Inc. bought a new stake in Ares Management during the 3rd quarter worth approximately $50,000. Finally, Leonteq Securities AG bought a new stake in Ares Management during the 4th quarter worth approximately $70,000. Institutional investors own 50.03% of the company’s stock.

Ares Management Trading Up 3.0%

ARES stock opened at $130.63 on Wednesday. The firm has a fifty day moving average price of $118.35 and a 200 day moving average price of $135.12. Ares Management Corporation has a fifty-two week low of $95.80 and a fifty-two week high of $195.26. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.23 and a current ratio of 0.23. The firm has a market cap of $43.09 billion, a PE ratio of 60.76, a price-to-earnings-growth ratio of 1.11 and a beta of 1.51.

Ares Management (NYSE:ARES) last posted its earnings results on Friday, May 1st. The asset manager reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). Ares Management had a net margin of 10.54% and a return on equity of 22.14%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period last year, the business posted $1.09 earnings per share. Sell-side analysts anticipate that Ares Management Corporation will post 6.06 earnings per share for the current fiscal year.

Ares Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a $1.35 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.1%. Ares Management’s dividend payout ratio (DPR) is 251.16%.

Analysts Set New Price Targets

A number of equities research analysts have commented on ARES shares. Wall Street Zen upgraded shares of Ares Management from a “sell” rating to a “hold” rating in a research note on Saturday. Citizens Jmp reduced their price objective on shares of Ares Management from $205.00 to $190.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 22nd. TD Cowen reduced their price objective 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. Morgan Stanley reduced their price objective on shares of Ares Management from $178.00 to $163.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Ares Management in a research report on Wednesday, April 29th. One equities 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $162.56.

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.