Ares Management Corporation $ARES Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC raised its holdings in Ares Management Corporation (NYSE:ARES) by 43.8% during the 1st quarter, Holdings Channel reports. The firm owned 1,653,078 shares of the asset manager’s stock after purchasing an additional 503,688 shares during the quarter. Janus Henderson Group PLC’s holdings in Ares Management were worth $180,343,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in Ares Management by 20.2% in the 4th quarter. Vanguard Group Inc. now owns 26,050,425 shares of the asset manager’s stock valued at $4,210,530,000 after buying an additional 4,373,955 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Ares Management by 26.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,705,599 shares of the asset manager’s stock worth $922,196,000 after buying an additional 1,187,174 shares in the last quarter. Geode Capital Management LLC increased its position in Ares Management by 55.7% during the fourth quarter. Geode Capital Management LLC now owns 5,489,004 shares of the asset manager’s stock worth $883,716,000 after buying an additional 1,963,460 shares in the last quarter. Capital International Investors raised its holdings in shares of Ares Management by 0.3% in the fourth quarter. Capital International Investors now owns 4,257,710 shares of the asset manager’s stock worth $688,176,000 after acquiring an additional 14,516 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Ares Management by 4.4% in the first quarter. Principal Financial Group Inc. now owns 4,009,291 shares of the asset manager’s stock worth $437,417,000 after acquiring an additional 169,598 shares during the last quarter. 50.03% of the stock is currently owned by institutional investors and hedge funds.

Ares Management Trading Down 0.4%

Shares of Ares Management stock opened at $124.11 on Friday. Ares Management Corporation has a fifty-two week low of $95.80 and a fifty-two week high of $195.26. The business’s fifty day moving average is $123.75 and its two-hundred day moving average is $123.94. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.96. The firm has a market cap of $40.94 billion, a PE ratio of 57.72, a P/E/G ratio of 1.11 and a beta of 1.51.

Ares Management (NYSE:ARES) last announced its quarterly earnings data on Friday, May 1st. The asset manager reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Ares Management had a net margin of 10.54% and a return on equity of 22.14%. During the same period in the prior year, the firm earned $1.09 EPS. Analysts anticipate that Ares Management Corporation will post 5.98 earnings per share for the current year.

Analysts Set New Price Targets

ARES has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ares Management in a research note on Tuesday, May 26th. The Goldman Sachs Group cut their target price on shares of Ares Management from $165.00 to $131.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. TD Cowen upped their target price on shares of Ares Management from $144.00 to $153.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Oppenheimer decreased their price target on shares of Ares Management from $146.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, July 17th. Finally, BMO Capital Markets raised their price target on shares of Ares Management from $125.00 to $128.00 and gave the stock a “market perform” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.