Partners Group Holding AG Acquires 75,187 Shares of Ares Management Corporation $ARES

Partners Group Holding AG lifted its holdings in shares of Ares Management Corporation (NYSE:ARES) by 20.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 436,910 shares of the asset manager’s stock after acquiring an additional 75,187 shares during the quarter. Ares Management makes up 4.8% of Partners Group Holding AG’s investment portfolio, making the stock its 4th biggest holding. Partners Group Holding AG’s holdings in Ares Management were worth $70,618,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Redmont Wealth Advisors LLC acquired a new position in shares of Ares Management during the third quarter worth $40,000. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Ares Management during the fourth quarter worth $42,000. Elyxium Wealth LLC acquired a new position in shares of Ares Management during the fourth quarter worth $42,000. Washington Trust Advisors Inc. acquired a new position in shares of Ares Management during the third quarter worth $50,000. Finally, Covestor Ltd lifted its holdings in shares of Ares Management by 182.6% during the third quarter. Covestor Ltd now owns 421 shares of the asset manager’s stock worth $67,000 after purchasing an additional 272 shares during the period. Institutional investors and hedge funds own 50.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ARES. Raymond James Financial upgraded shares of Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 price target on the stock in a report on Monday, February 9th. The Goldman Sachs Group cut their price target on shares of Ares Management from $165.00 to $131.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Wall Street Zen lowered shares of Ares Management from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Citizens Jmp decreased 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 research report on Wednesday, April 22nd. Finally, Morgan Stanley lowered their target price on shares of Ares Management from $178.00 to $163.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. One equities research 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $162.56.

Insider Activity

In other Ares Management news, Director Judy D. Olian acquired 480 shares of Ares Management stock in a transaction dated Friday, February 20th. The stock was purchased at an average cost of $124.43 per share, for a total transaction of $59,726.40. Following the completion of the acquisition, the director directly owned 29,734 shares of the company’s stock, valued at $3,699,801.62. This represents a 1.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.52% of the stock is owned by corporate insiders.

Ares Management Trading Down 2.1%

NYSE:ARES opened at $121.12 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. The stock has a market capitalization of $39.95 billion, a price-to-earnings ratio of 56.33, a PEG ratio of 1.08 and a beta of 1.50. The firm has a fifty day simple moving average of $112.01 and a two-hundred day simple moving average of $137.60. Ares Management Corporation has a 12 month low of $95.80 and a 12 month high of $195.26.

Ares Management (NYSE:ARES) last posted its quarterly 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). The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.28 billion. Ares Management had a return on equity of 22.14% and a net margin of 10.54%.During the same quarter in the previous year, the business posted $1.09 earnings per share. Analysts expect that Ares Management Corporation will post 6.05 EPS for the current fiscal year.

Ares Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders 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 4.5%. The ex-dividend date is Tuesday, June 16th. Ares Management’s dividend payout ratio (DPR) is presently 251.16%.

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.