Nomura Asset Management Co. Ltd. Reduces Position in Ares Management Corporation $ARES

Nomura Asset Management Co. Ltd. decreased its holdings in shares of Ares Management Corporation (NYSE:ARES) by 10.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 79,396 shares of the asset manager’s stock after selling 9,665 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Ares Management were worth $12,833,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ARES. AQR Capital Management LLC grew its holdings in shares of Ares Management by 116.7% during the first quarter. AQR Capital Management LLC now owns 10,360 shares of the asset manager’s stock worth $1,519,000 after buying an additional 5,579 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Ares Management by 5.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,344 shares of the asset manager’s stock worth $197,000 after buying an additional 70 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Ares Management by 42.7% during the first quarter. Empowered Funds LLC now owns 6,197 shares of the asset manager’s stock worth $909,000 after buying an additional 1,853 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of Ares Management by 15.3% during the first quarter. Focus Partners Wealth now owns 1,902 shares of the asset manager’s stock worth $279,000 after buying an additional 252 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Ares Management by 708.2% during the first quarter. Geneos Wealth Management Inc. now owns 493 shares of the asset manager’s stock worth $72,000 after buying an additional 432 shares in the last quarter. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Ares Management Trading Down 0.4%

Shares of ARES opened at $128.18 on Wednesday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.96. Ares Management Corporation has a 12-month low of $95.80 and a 12-month high of $195.26. The firm has a 50-day moving average price of $115.85 and a 200 day moving average price of $135.92. The firm has a market capitalization of $42.28 billion, a P/E ratio of 59.62, a P/E/G ratio of 1.13 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). The firm 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 company posted $1.09 EPS. Sell-side analysts forecast that Ares Management Corporation will post 6.06 EPS for the current year.

Ares Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, June 16th. Ares Management’s dividend payout ratio (DPR) is 251.16%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ARES shares. Citizens Jmp dropped their price objective on shares of Ares Management from $205.00 to $190.00 and set a “market outperform” rating for the company in a report on Wednesday, April 22nd. Royal Bank Of Canada reissued an “outperform” rating on shares of Ares Management in a report on Wednesday, April 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Ares Management in a report on Tuesday, May 26th. BMO Capital Markets dropped their price objective on shares of Ares Management from $140.00 to $112.00 and set a “market perform” rating for the company in a report on Tuesday, March 24th. Finally, The Goldman Sachs Group dropped their price objective on shares of Ares Management from $165.00 to $131.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Ares Management currently has an average rating of “Moderate Buy” and a consensus target price of $162.56.

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.