Nicholas Investment Partners LP Has $4.14 Million Position in Ares Management Corporation $ARES

Nicholas Investment Partners LP reduced its position in shares of Ares Management Corporation (NYSE:ARES) by 64.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 25,622 shares of the asset manager’s stock after selling 46,878 shares during the quarter. Nicholas Investment Partners LP’s holdings in Ares Management were worth $4,141,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ARES. Vanguard Group Inc. lifted its holdings in 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 purchasing an additional 4,373,955 shares during the last quarter. Norges Bank acquired a new stake in Ares Management during the 4th quarter worth approximately $396,165,000. Geode Capital Management LLC lifted its holdings in 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 purchasing an additional 1,963,460 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in 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 purchasing an additional 1,187,174 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in Ares Management by 487.4% during the 3rd quarter. Marshall Wace LLP now owns 912,656 shares of the asset manager’s stock worth $145,925,000 after purchasing an additional 757,293 shares during the last quarter. 50.03% of the stock is owned by institutional investors and hedge funds.

Ares Management Trading Up 1.6%

Shares of ARES opened at $134.98 on Friday. Ares Management Corporation has a 52-week low of $95.80 and a 52-week high of $195.26. The business’s fifty day moving average is $119.83 and its 200-day moving average is $134.91. 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 $44.52 billion, a price-to-earnings ratio of 62.78, a PEG ratio of 1.18 and a beta of 1.51.

Ares Management (NYSE:ARES) last issued its quarterly earnings results on Friday, May 1st. The asset manager reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $1.28 billion. During the same quarter in the previous year, the business posted $1.09 EPS. Equities analysts anticipate that Ares Management Corporation will post 6.06 EPS for the current fiscal year.

Ares Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $1.35 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $5.40 annualized dividend and a dividend yield of 4.0%. Ares Management’s dividend payout ratio (DPR) is presently 251.16%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. The Goldman Sachs Group dropped their price target on Ares Management from $165.00 to $131.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. BMO Capital Markets dropped their price target on Ares Management from $140.00 to $112.00 and set a “market perform” rating for the company in a report on Tuesday, March 24th. Wall Street Zen raised Ares Management from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Zacks Research raised Ares Management from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ares Management in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Ares Management has a consensus rating of “Moderate Buy” and an average target price of $162.56.

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.