410,383 Shares in Ares Management Corporation $ARES Bought by Munich Reinsurance Co Stock Corp in Munich

Munich Reinsurance Co Stock Corp in Munich purchased a new stake in Ares Management Corporation (NYSE:ARES) in the first quarter, Holdings Channel.com reports. The fund purchased 410,383 shares of the asset manager’s stock, valued at approximately $44,773,000.

Other large investors have also bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. lifted its stake in Ares Management by 6,079.2% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 37,693 shares of the asset manager’s stock valued at $3,876,000 after acquiring an additional 37,083 shares in the last quarter. V Square Quantitative Management LLC grew its stake in shares of Ares Management by 105.7% in the 1st quarter. V Square Quantitative Management LLC now owns 3,073 shares of the asset manager’s stock worth $335,000 after acquiring an additional 1,579 shares in the last quarter. QRG Capital Management Inc. raised its holdings in shares of Ares Management by 7.1% in the first quarter. QRG Capital Management Inc. now owns 3,345 shares of the asset manager’s stock valued at $365,000 after purchasing an additional 221 shares during the last quarter. HB Wealth Management LLC raised its holdings in shares of Ares Management by 16.4% in the first quarter. HB Wealth Management LLC now owns 9,346 shares of the asset manager’s stock valued at $1,020,000 after purchasing an additional 1,316 shares during the last quarter. Finally, Baer Investment Advisory LLC bought a new position in shares of Ares Management during the first quarter valued at about $227,000. 50.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. TD Cowen boosted their price target on shares of Ares Management from $144.00 to $153.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Zacks Research upgraded shares of Ares Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. BMO Capital Markets dropped their target price on shares of Ares Management from $140.00 to $112.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 24th. Wall Street Zen downgraded Ares Management from a “hold” rating to a “sell” rating in a research note on Saturday, July 4th. Finally, Barclays upped their target price on Ares Management from $127.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, May 4th. One 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $163.12.

Ares Management Trading Down 2.0%

NYSE:ARES opened at $118.26 on Thursday. Ares Management Corporation has a 12 month low of $95.80 and a 12 month high of $195.26. 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 firm’s 50 day moving average is $123.31 and its 200 day moving average is $129.07. The stock has a market capitalization of $39.01 billion, a PE ratio of 55.01, a price-to-earnings-growth ratio of 1.06 and a beta of 1.51.

Ares Management (NYSE:ARES) last announced its quarterly earnings data on Friday, May 1st. The asset manager reported $1.24 earnings per share 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 firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the company posted $1.09 earnings per share. Sell-side analysts expect that Ares Management Corporation will post 6.04 earnings per share for the current year.

Ares Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were paid a dividend of $1.35 per share. The ex-dividend date was Tuesday, June 16th. This represents a $5.40 annualized dividend and a dividend yield of 4.6%. Ares Management’s dividend payout ratio is presently 251.16%.

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.