Deutsche Bank AG raised its stake in Ares Management (NYSE:ARES) by 104.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258,035 shares of the asset manager’s stock after acquiring an additional 132,035 shares during the period. Deutsche Bank AG owned approximately 0.31% of Ares Management worth $5,160,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. PM CAPITAL Ltd grew its position in shares of Ares Management by 95.8% in the 4th quarter. PM CAPITAL Ltd now owns 820,159 shares of the asset manager’s stock valued at $16,403,000 after buying an additional 401,265 shares during the last quarter. Stifel Financial Corp bought a new stake in shares of Ares Management during the 3rd quarter valued at about $278,000. American Century Companies Inc. raised its stake in Ares Management by 0.8% during the 4th quarter. American Century Companies Inc. now owns 1,218,527 shares of the asset manager’s stock worth $24,371,000 after buying an additional 9,989 shares during the period. Wells Fargo & Company MN raised its stake in Ares Management by 43.7% during the 4th quarter. Wells Fargo & Company MN now owns 900,886 shares of the asset manager’s stock worth $18,018,000 after buying an additional 273,890 shares during the period. Finally, Gator Capital Management LLC acquired a new position in Ares Management during the 4th quarter worth approximately $2,085,000. 17.09% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently commented on the company. UBS assumed coverage on Ares Management in a research note on Monday, April 9th. They issued a “buy” rating for the company. Zacks Investment Research downgraded Ares Management from a “hold” rating to a “strong sell” rating in a research note on Wednesday. ValuEngine downgraded Ares Management from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $24.00 price target on shares of Ares Management in a research report on Thursday, January 11th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $33.00 price objective (down from $34.00) on shares of Ares Management in a report on Friday, March 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $25.50.
Shares of ARES stock opened at $22.55 on Friday. Ares Management has a 52-week low of $17.25 and a 52-week high of $25.95. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $1,841.38, a P/E ratio of 11.68, a price-to-earnings-growth ratio of 1.41 and a beta of 1.30.
Ares Management (NYSE:ARES) last released its quarterly earnings results on Thursday, February 15th. The asset manager reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.06. The business had revenue of $356.30 million for the quarter, compared to the consensus estimate of $376.37 million. Ares Management had a return on equity of 40.87% and a net margin of 5.38%. The business’s revenue was down .5% compared to the same quarter last year. analysts predict that Ares Management will post 1.64 EPS for the current year.
The business also recently disclosed a dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 16th will be issued a $0.093 dividend. The ex-dividend date of this dividend is Friday, April 13th. Ares Management’s dividend payout ratio is currently 19.17%.
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Ares Management Profile
Ares Management, L.P. operates as an alternative asset manager in the United States, Europe, and Asia. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets.
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