Aware Super Pty Ltd as trustee of Aware Super Takes $7.59 Million Position in Ares Management Corporation $ARES

Aware Super Pty Ltd as trustee of Aware Super bought a new position in Ares Management Corporation (NYSE:ARES) during the 1st quarter, Holdings Channel reports. The firm bought 69,608 shares of the asset manager’s stock, valued at approximately $7,594,000.

A number of other large investors have also bought and sold shares of the business. Osbon Capital Management LLC bought a new position in Ares Management in the 4th quarter valued at $32,000. Atlantic Edge Private Wealth Management LLC acquired a new position in Ares Management in the fourth quarter worth $42,000. Elyxium Wealth LLC bought a new stake in shares of Ares Management during the fourth quarter worth $42,000. Summit Securities Group LLC bought a new stake in shares of Ares Management during the fourth quarter worth $49,000. Finally, AlphaCentric Advisors LLC bought a new stake in shares of Ares Management during the fourth quarter worth $62,000. 50.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ARES. Barclays cut their price target on Ares Management from $140.00 to $139.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. Zacks Research raised shares of Ares Management from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. TD Cowen raised their price objective on shares of Ares Management from $144.00 to $153.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Oppenheimer dropped their target price on shares of Ares Management from $146.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ares Management in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Ares Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $159.13.

Ares Management Trading Up 0.0%

NYSE ARES opened at $125.44 on Friday. The firm has a market cap of $41.38 billion, a P/E ratio of 58.34, a P/E/G ratio of 1.11 and a beta of 1.51. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.23 and a quick ratio of 0.23. The stock’s 50-day moving average is $123.76 and its 200-day moving average is $127.11. Ares Management Corporation has a one year low of $95.80 and a one year 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 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 analyst estimates of $1.28 billion. During the same quarter in the prior year, the firm posted $1.09 earnings per share. Sell-side analysts anticipate that Ares Management Corporation will post 6.02 earnings per share for the current fiscal year.

Ares Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were paid a $1.35 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $5.40 dividend on an annualized basis and a yield of 4.3%. Ares Management’s payout ratio is presently 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.