5,550 Shares in Ares Management Corporation $ARES Purchased by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. acquired a new position in Ares Management Corporation (NYSE:ARES) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,550 shares of the asset manager’s stock, valued at approximately $897,000.

A number of other institutional investors have also added to or reduced their stakes in ARES. Vulcan Value Partners LLC grew its position in shares of Ares Management by 10.6% during the 3rd quarter. Vulcan Value Partners LLC now owns 1,350,249 shares of the asset manager’s stock valued at $215,785,000 after acquiring an additional 129,368 shares during the period. Hudson Bay Capital Management LP grew its position in shares of Ares Management by 1,903.9% during the 3rd quarter. Hudson Bay Capital Management LP now owns 60,717 shares of the asset manager’s stock valued at $9,708,000 after acquiring an additional 57,687 shares during the period. Quilter Plc boosted its holdings in Ares Management by 5.6% in the 4th quarter. Quilter Plc now owns 704,069 shares of the asset manager’s stock worth $113,799,000 after buying an additional 37,366 shares during the period. CI Investments Inc. boosted its holdings in Ares Management by 35,425.5% in the 3rd quarter. CI Investments Inc. now owns 221,679 shares of the asset manager’s stock worth $35,444,000 after buying an additional 221,055 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Ares Management in the 3rd quarter worth approximately $2,971,000. 50.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. TD Cowen lowered their target price on shares of Ares Management from $148.00 to $144.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. UBS Group set a $148.00 target price on shares of Ares Management in a research note on Friday, February 20th. Weiss Ratings restated a “hold (c)” rating on shares of Ares Management in a research report on Tuesday, May 26th. Barclays increased their target price on shares of Ares Management from $127.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ares Management in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Ares Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.56.

Ares Management Price Performance

Shares of Ares Management stock opened at $135.32 on Tuesday. The company’s fifty day simple moving average is $120.49 and its two-hundred day simple moving average is $134.67. The firm has a market cap of $44.64 billion, a PE ratio of 62.94, a price-to-earnings-growth ratio of 1.18 and a beta of 1.51. The company has a quick ratio of 0.23, a current 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.

Ares Management (NYSE:ARES) last announced its earnings results on Friday, May 1st. The asset manager reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates 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 in the previous year, the firm posted $1.09 EPS. As a group, equities analysts expect that Ares Management Corporation will post 6.06 EPS for the current year.

Ares Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a dividend of $1.35 per share. 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 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.