Daiwa Securities Group Inc. Boosts Stake in Ares Management Corporation $ARES

Daiwa Securities Group Inc. lifted its stake in Ares Management Corporation (NYSE:ARES) by 86.0% in the 4th quarter, HoldingsChannel reports. The firm owned 34,182 shares of the asset manager’s stock after acquiring an additional 15,804 shares during the period. Daiwa Securities Group Inc.’s holdings in Ares Management were worth $5,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of ARES. Redmont Wealth Advisors LLC purchased a new stake in shares of Ares Management in the 3rd quarter worth $40,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Ares Management in the 4th quarter worth $42,000. Elyxium Wealth LLC purchased a new stake in shares of Ares Management in the 4th quarter worth $42,000. Washington Trust Advisors Inc. purchased a new stake in shares of Ares Management in the 3rd quarter worth $50,000. Finally, Leonteq Securities AG purchased a new stake in shares of Ares Management in the 4th quarter worth $70,000. 50.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ARES. Barclays increased their price target on Ares Management from $127.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. The Goldman Sachs Group cut their price target on Ares Management from $165.00 to $131.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ares Management in a research note on Tuesday, May 26th. Oppenheimer reiterated an “outperform” rating and issued a $146.00 price target (down from $147.00) on shares of Ares Management in a research note on Monday, May 4th. Finally, Zacks Research upgraded Ares Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. One 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $162.56.

Ares Management Trading Up 0.2%

Shares of ARES stock opened at $125.92 on Monday. Ares Management Corporation has a 52-week low of $95.80 and a 52-week high of $195.26. 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 firm has a market capitalization of $41.53 billion, a PE ratio of 58.57, a PEG ratio of 1.10 and a beta of 1.51. The stock has a fifty day simple moving average of $117.49 and a two-hundred day simple moving average of $135.34.

Ares Management (NYSE:ARES) last released its quarterly earnings data on Friday, May 1st. The asset manager reported $1.24 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.08). The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate 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 last year, the company earned $1.09 EPS. On average, analysts predict that Ares Management Corporation will post 6.06 EPS for the current fiscal year.

Ares Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a dividend of $1.35 per share. The ex-dividend date is Tuesday, June 16th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.3%. Ares Management’s dividend payout ratio (DPR) is presently 251.16%.

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.