Trillium Asset Management LLC Buys Shares of 141,259 Ares Management Corporation $ARES

Trillium Asset Management LLC bought a new stake in shares of Ares Management Corporation (NYSE:ARES) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 141,259 shares of the asset manager’s stock, valued at approximately $23,134,000.

Several other institutional investors have also added to or reduced their stakes in ARES. Redmont Wealth Advisors LLC purchased a new stake in Ares Management during the 3rd quarter valued at $40,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in Ares Management during the 4th quarter valued at $42,000. Elyxium Wealth LLC purchased a new stake in Ares Management during the 4th quarter valued at $42,000. Washington Trust Advisors Inc. purchased a new stake in Ares Management during the 3rd quarter valued at $50,000. Finally, AlphaCentric Advisors LLC purchased a new stake in Ares Management during the 4th quarter valued at $62,000. 50.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ARES. Citizens Jmp cut their target price on Ares Management from $205.00 to $190.00 and set a “market outperform” rating on the stock in a research note on Wednesday, April 22nd. Morgan Stanley lowered their price target on Ares Management from $178.00 to $163.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Wall Street Zen raised Ares Management from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. TD Cowen lowered their price target on Ares Management from $148.00 to $144.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Finally, BMO Capital Markets lowered their price target on Ares Management from $140.00 to $112.00 and set a “market perform” rating on the stock in a report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Ares Management presently has an average rating of “Moderate Buy” and an average target price of $162.56.

Ares Management Price Performance

Shares of Ares Management stock opened at $134.98 on Friday. Ares Management Corporation has a one year low of $95.80 and a one year high of $195.26. The stock’s fifty day moving average is $119.83 and its 200 day moving average is $134.91. The stock has a market cap of $44.52 billion, a P/E ratio of 62.78, a P/E/G ratio of 1.16 and a beta of 1.51. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.23 and a current ratio of 0.23.

Ares Management (NYSE:ARES) last announced its earnings results on Friday, May 1st. The asset manager reported $1.24 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the business posted $1.09 earnings per share. Sell-side analysts anticipate that Ares Management Corporation will post 6.06 earnings per share for the current year.

Ares Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, June 16th. Ares Management’s dividend payout ratio (DPR) is currently 251.16%.

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.