Quantinno Capital Management LP Raises Stock Position in Ares Management Corporation $ARES

Quantinno Capital Management LP grew its stake in shares of Ares Management Corporation (NYSE:ARES) by 125.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 108,741 shares of the asset manager’s stock after acquiring an additional 60,471 shares during the period. Quantinno Capital Management LP’s holdings in Ares Management were worth $11,864,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Osbon Capital Management LLC acquired a new stake in shares of Ares Management in the 4th quarter worth approximately $32,000. Atlantic Edge Private Wealth Management LLC acquired a new position in Ares Management during the fourth quarter worth $42,000. Elyxium Wealth LLC acquired a new position in Ares Management during the fourth quarter worth $42,000. Summit Securities Group LLC purchased a new stake in Ares Management during the fourth quarter worth $49,000. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in Ares Management during the first quarter worth $55,000. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Ares Management Trading Up 7.9%

Shares of ARES opened at $138.16 on Tuesday. The stock has a fifty day moving average of $124.10 and a two-hundred day moving average of $123.39. 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 company has a market capitalization of $45.57 billion, a PE ratio of 63.38, a price-to-earnings-growth ratio of 1.14 and a beta of 1.49. Ares Management Corporation has a fifty-two week low of $95.80 and a fifty-two week high of $195.26.

Ares Management (NYSE:ARES) last issued its quarterly earnings results on Friday, July 31st. The asset manager reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. Ares Management had a return on equity of 25.47% and a net margin of 10.63%.The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the company posted $1.03 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, analysts forecast that Ares Management Corporation will post 5.98 EPS for the current year.

Ares Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a dividend of $1.35 per share. The ex-dividend date is Wednesday, September 16th. This represents a $5.40 annualized dividend and a yield of 3.9%. Ares Management’s dividend payout ratio is 247.71%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ARES. Wall Street Zen cut Ares Management from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th. JPMorgan Chase & Co. boosted their price objective on shares of Ares Management from $143.00 to $153.00 and gave the stock an “overweight” rating in a research report on Monday. Barclays dropped their target price on shares of Ares Management from $140.00 to $139.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. BMO Capital Markets lifted their target price on shares of Ares Management from $128.00 to $134.00 and gave the stock a “market perform” rating in a research report on Monday. Finally, Citizens Jmp reduced their price target on shares of Ares Management from $190.00 to $160.00 and set a “market outperform” rating on the stock in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $159.73.

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.