Mangrove Partners IM LLC Purchases New Stake in Ares Management Corporation $ARES

Mangrove Partners IM LLC purchased 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 purchased 6,921 shares of the asset manager’s stock, valued at approximately $1,119,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Ares Management by 5.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,344 shares of the asset manager’s stock valued at $197,000 after buying an additional 70 shares during the last quarter. Fulcrum Asset Management LLP raised its holdings in Ares Management by 1.7% during the 3rd quarter. Fulcrum Asset Management LLP now owns 4,321 shares of the asset manager’s stock valued at $691,000 after buying an additional 72 shares during the last quarter. Wedbush Securities Inc. raised its holdings in Ares Management by 4.2% during the 4th quarter. Wedbush Securities Inc. now owns 2,030 shares of the asset manager’s stock valued at $328,000 after buying an additional 81 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its holdings in Ares Management by 3.2% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 2,666 shares of the asset manager’s stock valued at $431,000 after buying an additional 83 shares during the last quarter. Finally, Wealth Alliance LLC raised its holdings in Ares Management by 2.1% during the 3rd quarter. Wealth Alliance LLC now owns 4,480 shares of the asset manager’s stock valued at $716,000 after buying an additional 92 shares during the last quarter. 50.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ARES shares. Oppenheimer reiterated an “outperform” rating and set a $146.00 price target (down from $147.00) on shares of Ares Management in a report on Monday, May 4th. Citizens Jmp lowered their price target on shares of Ares Management from $205.00 to $190.00 and set a “market outperform” rating for the company in a report on Wednesday, April 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Ares Management in a report on Tuesday, May 26th. The Goldman Sachs Group reduced their price objective on shares of Ares Management from $165.00 to $131.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Ares Management from $188.00 to $144.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ares Management has an average rating of “Moderate Buy” and a consensus target price of $162.56.

Ares Management Stock Down 0.1%

Shares of Ares Management stock opened at $135.24 on Wednesday. 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 company’s fifty day simple moving average is $121.15 and its two-hundred day simple moving average is $134.54. The company has a market cap of $44.61 billion, a P/E ratio of 62.90, a PEG ratio of 1.19 and a beta of 1.51. Ares Management Corporation has a 12-month low of $95.80 and a 12-month high of $195.26.

Ares Management (NYSE:ARES) last issued its quarterly earnings data 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). The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Ares Management had a net margin of 10.54% and a return on equity of 22.14%. During the same period in the previous year, the firm posted $1.09 earnings per share. Research analysts anticipate that Ares Management Corporation will post 6.06 EPS for the current year.

Ares Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given 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 4.0%. Ares Management’s dividend payout ratio is currently 251.16%.

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.