16,521 Shares in Ares Management Corporation $ARES Purchased by Caxton Associates LLP

Caxton Associates LLP bought a new position in shares of Ares Management Corporation (NYSE:ARES) during the 1st quarter, Holdings Channel reports. The firm bought 16,521 shares of the asset manager’s stock, valued at approximately $1,802,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Osbon Capital Management LLC acquired a new stake in shares of Ares Management during the 4th quarter valued at approximately $32,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Ares Management in the 4th quarter worth approximately $42,000. Elyxium Wealth LLC acquired a new stake in shares of Ares Management in the 4th quarter worth approximately $42,000. Summit Securities Group LLC purchased a new position in Ares Management in the 4th quarter valued at approximately $49,000. Finally, AlphaCentric Advisors LLC purchased a new position in Ares Management in the 4th quarter valued at approximately $62,000. 50.03% of the stock is currently owned by institutional investors and hedge funds.

Ares Management Trading Up 4.2%

Shares of ARES opened at $126.37 on Friday. 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 firm has a 50 day simple moving average of $123.48 and a 200-day simple moving average of $125.63. Ares Management Corporation has a 1-year low of $95.80 and a 1-year high of $195.26. The stock has a market cap of $41.68 billion, a price-to-earnings ratio of 58.78, a price-to-earnings-growth ratio of 1.13 and a beta of 1.51.

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 return on equity of 22.14% and a net margin of 10.54%.The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the firm earned $1.09 earnings per share. Equities analysts forecast that Ares Management Corporation will post 5.98 EPS for the current fiscal year.

Ares Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Tuesday, June 16th. Ares Management’s payout ratio is 251.16%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ARES shares. TD Cowen lifted their price objective on Ares Management from $144.00 to $153.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Barclays lowered their target price on Ares Management from $140.00 to $139.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Citigroup restated an “outperform” rating on shares of Ares Management in a research report on Thursday, July 9th. Citizens Jmp cut their price target on Ares Management from $190.00 to $160.00 and set a “market outperform” rating for the company in a research note on Thursday, July 9th. Finally, Keefe, Bruyette & Woods upgraded shares of Ares Management to a “hold” rating in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $158.93.

Ares Management 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.