Ares Management Corporation $ARES Stock Holdings Lifted by National Pension Service

National Pension Service boosted its position in Ares Management Corporation (NYSE:ARES) by 12.9% during the 4th quarter, HoldingsChannel reports. The firm owned 299,123 shares of the asset manager’s stock after buying an additional 34,266 shares during the quarter. National Pension Service’s holdings in Ares Management were worth $48,347,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Ares Management by 5.5% in 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 purchasing an additional 70 shares during the last quarter. Fulcrum Asset Management LLP lifted its position in Ares Management by 1.7% in the 3rd quarter. Fulcrum Asset Management LLP now owns 4,321 shares of the asset manager’s stock valued at $691,000 after purchasing an additional 72 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in Ares Management by 1.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 5,921 shares of the asset manager’s stock valued at $947,000 after purchasing an additional 76 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in Ares Management by 3.2% in 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 purchasing an additional 83 shares during the last quarter. Finally, Wealth Alliance LLC lifted its position in Ares Management by 2.1% in the 3rd quarter. Wealth Alliance LLC now owns 4,480 shares of the asset manager’s stock valued at $716,000 after purchasing an additional 92 shares during the last quarter. 50.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ARES. Barclays lifted their price objective on shares of Ares Management from $127.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. BMO Capital Markets cut their price objective 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. Morgan Stanley lowered their target price on shares of Ares Management from $178.00 to $163.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. Wall Street Zen cut shares of Ares Management from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ares Management in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.56.

Ares Management Stock Performance

Shares of ARES opened at $128.75 on Monday. The firm’s 50 day moving average is $115.44 and its 200-day moving average is $136.10. The stock has a market capitalization of $42.47 billion, a P/E ratio of 59.89, a P/E/G ratio of 1.13 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. Ares Management Corporation has a 12-month low of $95.80 and a 12-month high of $195.26.

Ares Management (NYSE:ARES) last announced 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). The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.28 billion. Ares Management had a return on equity of 22.14% and a net margin of 10.54%.During the same period in the prior year, the firm earned $1.09 EPS. Equities research analysts anticipate that Ares Management Corporation will post 6.06 EPS for the current fiscal year.

Ares Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $1.35 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $5.40 annualized dividend and a dividend yield of 4.2%. Ares Management’s 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.