Silvant Capital Management LLC Purchases 11,524 Shares of Ares Management Corporation $ARES

Silvant Capital Management LLC lifted its position in shares of Ares Management Corporation (NYSE:ARES) by 28.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 52,573 shares of the asset manager’s stock after acquiring an additional 11,524 shares during the quarter. Silvant Capital Management LLC’s holdings in Ares Management were worth $8,497,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in 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 valued at $197,000 after purchasing an additional 70 shares in the last quarter. Fulcrum Asset Management LLP boosted its position in Ares Management by 1.7% during the third 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 in the last quarter. Wedbush Securities Inc. boosted its position in Ares Management by 4.2% during the fourth quarter. Wedbush Securities Inc. now owns 2,030 shares of the asset manager’s stock valued at $328,000 after purchasing an additional 81 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in Ares Management by 3.2% during the fourth 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 in the last quarter. Finally, Wealth Alliance LLC boosted its position in Ares Management by 2.1% during the third 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 in the last quarter. Institutional investors own 50.03% of the company’s stock.

Ares Management Stock Up 0.3%

Shares of ARES stock opened at $135.32 on Tuesday. The stock has a 50 day moving average of $120.49 and a 200 day moving average of $134.67. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.96. The stock has a market cap of $44.64 billion, a P/E ratio of 62.94, a P/E/G ratio of 1.18 and a beta of 1.51. Ares Management Corporation has a twelve month low of $95.80 and a twelve month high of $195.26.

Ares Management (NYSE:ARES) last announced its quarterly earnings results on Friday, May 1st. The asset manager reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.08). Ares Management had a net margin of 10.54% and a return on equity of 22.14%. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the prior year, the business posted $1.09 earnings per share. As a group, sell-side analysts expect that Ares Management Corporation will post 6.06 EPS for the current year.

Ares Management Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 4.0%. Ares Management’s payout ratio is currently 251.16%.

Analysts Set New Price Targets

ARES has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price objective on Ares Management from $188.00 to $144.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 28th. Citizens Jmp decreased their price target on Ares Management from $205.00 to $190.00 and set a “market outperform” rating for the company in a research note on Wednesday, April 22nd. Barclays increased their price target on Ares Management from $127.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. 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, UBS Group set a $148.00 price target on Ares Management in a research note on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.56.

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.