Jain Global LLC Invests $17.54 Million in Ares Management Corporation $ARES

Jain Global LLC purchased a new stake in shares of Ares Management Corporation (NYSE:ARES) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 109,680 shares of the asset manager’s stock, valued at approximately $17,537,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC boosted its position in Ares Management by 100.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 190 shares of the asset manager’s stock valued at $30,000 after buying an additional 95 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in shares of Ares Management during the second quarter worth about $35,000. Redmont Wealth Advisors LLC acquired a new position in shares of Ares Management in the third quarter worth about $40,000. Washington Trust Advisors Inc. purchased a new position in Ares Management in the third quarter valued at about $50,000. Finally, First Horizon Corp purchased a new position in Ares Management in the third quarter valued at about $51,000. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ARES shares. Barclays dropped their price objective on Ares Management from $222.00 to $190.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ares Management in a research note on Monday, December 29th. Royal Bank Of Canada dropped their price target on shares of Ares Management from $180.00 to $173.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. The Goldman Sachs Group cut their price target on shares of Ares Management from $189.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Finally, Oppenheimer reduced their price objective on shares of Ares Management from $224.00 to $215.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $182.67.

Insiders Place Their Bets

In other Ares Management news, Director Judy D. Olian bought 480 shares of the stock in a transaction on Friday, February 20th. The stock was purchased at an average price of $124.43 per share, for a total transaction of $59,726.40. Following the completion of the purchase, the director directly owned 29,734 shares in the company, valued at approximately $3,699,801.62. This trade represents a 1.64% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ashish Bhutani bought 10,000 shares of the company’s stock in a transaction on Friday, February 6th. The shares were acquired at an average cost of $126.61 per share, for a total transaction of $1,266,100.00. Following the completion of the acquisition, the director directly owned 34,071 shares of the company’s stock, valued at $4,313,729.31. This trade represents a 41.54% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.52% of the company’s stock.

Ares Management Trading Up 5.2%

Shares of NYSE ARES opened at $101.54 on Monday. The stock’s 50 day moving average price is $139.08 and its two-hundred day moving average price is $153.59. Ares Management Corporation has a 52-week low of $95.80 and a 52-week high of $195.26. The stock has a market capitalization of $33.45 billion, a P/E ratio of 60.08, a PEG ratio of 0.75 and a beta of 1.56. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.86.

Ares Management (NYSE:ARES) last released its earnings results on Thursday, February 5th. The asset manager reported $1.45 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.26). Ares Management had a return on equity of 19.04% and a net margin of 9.41%.The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the business earned $0.55 EPS. On average, analysts anticipate that Ares Management Corporation will post 5.28 earnings per share for the current fiscal year.

Ares Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a $1.35 dividend. This is a boost from Ares Management’s previous quarterly dividend of $0.84. This represents a $5.40 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, March 17th. Ares Management’s dividend payout ratio is presently 265.09%.

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.