Ares Management (NYSE:ARES) Director Judy Olian Acquires 480 Shares of Stock

Ares Management Corporation (NYSE:ARES) Director Judy Olian bought 480 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was bought at an average cost of $124.43 per share, for a total transaction of $59,726.40. Following the completion of the transaction, the director directly owned 29,734 shares in the company, valued at approximately $3,699,801.62. The trade was a 1.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Ares Management Stock Performance

NYSE ARES traded up $2.55 on Tuesday, reaching $117.12. The stock had a trading volume of 3,853,075 shares, compared to its average volume of 3,476,016. The stock has a market cap of $38.28 billion, a P/E ratio of 69.30, a price-to-earnings-growth ratio of 0.75 and a beta of 1.52. Ares Management Corporation has a 12-month low of $110.63 and a 12-month high of $195.26. The business’s 50-day moving average price is $153.71 and its 200 day moving average price is $160.33. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.22 and a current ratio of 0.22.

Ares Management (NYSE:ARES) last announced its earnings results on Thursday, February 5th. The asset manager reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.26). The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.38 billion. Ares Management had a return on equity of 19.26% and a net margin of 9.41%.During the same quarter last year, the company posted $0.55 EPS. As a group, equities analysts expect that Ares Management Corporation will post 5.28 earnings per share for the current year.

Ares Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a $1.35 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This is an increase from Ares Management’s previous quarterly dividend of $0.84. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.6%. Ares Management’s dividend payout ratio is presently 319.53%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Wolfe Research set a $210.00 target price on shares of Ares Management and gave the company an “outperform” rating in a report on Wednesday, January 7th. Barclays lowered their price objective on Ares Management from $222.00 to $190.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. UBS Group set a $148.00 target price on Ares Management in a research note on Friday. Keefe, Bruyette & Woods raised their price target on Ares Management from $188.00 to $189.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. Finally, Raymond James Financial raised Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 price objective on the stock in a report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Ares Management has an average rating of “Moderate Buy” and an average price target of $182.67.

Institutional Investors Weigh In On Ares Management

Several institutional investors have recently modified their holdings of ARES. Vanguard Group Inc. raised its holdings in Ares Management by 20.2% during the fourth quarter. Vanguard Group Inc. now owns 26,050,425 shares of the asset manager’s stock worth $4,210,530,000 after purchasing an additional 4,373,955 shares during the last quarter. Norges Bank purchased a new position in shares of Ares Management in the fourth quarter valued at $396,165,000. Geode Capital Management LLC raised its stake in shares of Ares Management by 55.7% during the 4th quarter. Geode Capital Management LLC now owns 5,489,004 shares of the asset manager’s stock worth $883,716,000 after buying an additional 1,963,460 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Ares Management by 26.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,705,599 shares of the asset manager’s stock worth $922,196,000 after buying an additional 1,187,174 shares during the last quarter. Finally, Winslow Capital Management LLC purchased a new stake in shares of Ares Management in the 2nd quarter worth about $161,774,000. Hedge funds and other institutional investors own 50.03% of the company’s stock.

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.