Ares Management Corporation $ARES Shares Acquired by Cat Rock Capital Management LP

Cat Rock Capital Management LP raised its holdings in Ares Management Corporation (NYSE:ARES) by 12.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 664,000 shares of the asset manager’s stock after acquiring an additional 75,900 shares during the quarter. Ares Management accounts for 17.1% of Cat Rock Capital Management LP’s investment portfolio, making the stock its 4th biggest holding. Cat Rock Capital Management LP’s holdings in Ares Management were worth $73,910,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC lifted its position in shares of Ares Management by 116.7% during the 1st quarter. AQR Capital Management LLC now owns 10,360 shares of the asset manager’s stock valued at $1,519,000 after acquiring an additional 5,579 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Ares Management by 5.5% in 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. Empowered Funds LLC raised 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 valued at $909,000 after purchasing an additional 1,853 shares during the period. Focus Partners Wealth raised 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 valued at $279,000 after purchasing an additional 252 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in shares of Ares Management by 708.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 493 shares of the asset manager’s stock worth $72,000 after purchasing an additional 432 shares in the last quarter. 50.03% of the stock is currently owned by institutional investors.

Ares Management Stock Up 0.4%

Shares of NYSE ARES opened at $143.16 on Tuesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.26 and a quick ratio of 0.26. The company has a 50-day moving average price of $129.16 and a 200-day moving average price of $122.12. The stock has a market capitalization of $47.28 billion, a P/E ratio of 65.67, a P/E/G ratio of 1.23 and a beta of 1.49. Ares Management Corporation has a 1 year low of $95.80 and a 1 year high of $186.85.

Ares Management (NYSE:ARES) last posted its earnings results on Friday, July 31st. The asset manager reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. Ares Management had a net margin of 10.63% and a return on equity of 25.42%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the business posted $1.03 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year. On average, equities research analysts forecast that Ares Management Corporation will post 5.94 EPS for the current fiscal year.

Ares Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $5.40 annualized dividend and a dividend yield of 3.8%. Ares Management’s payout ratio is presently 247.71%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ARES. Wall Street Zen downgraded Ares Management from a “hold” rating to a “sell” rating in a research note on Saturday, July 4th. Morgan Stanley set a $160.00 price target on Ares Management in a report on Tuesday, July 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Ares Management in a research note on Friday, August 21st. Royal Bank Of Canada boosted their price objective on Ares Management from $162.00 to $168.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on Ares Management from $143.00 to $153.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Ares Management has a consensus rating of “Moderate Buy” and a consensus target price of $160.47.

Ares Management 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.