Ares Management Corporation $ARES Stake Raised by Vulcan Value Partners LLC

Vulcan Value Partners LLC raised its stake in Ares Management Corporation (NYSE:ARES) by 25.7% during the fourth quarter, HoldingsChannel reports. The fund owned 1,696,856 shares of the asset manager’s stock after buying an additional 346,607 shares during the period. Ares Management comprises approximately 4.9% of Vulcan Value Partners LLC’s holdings, making the stock its 9th largest position. Vulcan Value Partners LLC’s holdings in Ares Management were worth $274,344,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Quilter Plc grew its stake in shares of Ares Management by 5.6% in the fourth quarter. Quilter Plc now owns 704,069 shares of the asset manager’s stock worth $113,799,000 after acquiring an additional 37,366 shares during the last quarter. Hudson Bay Capital Management LP boosted its position in shares of Ares Management by 1,903.9% during the third quarter. Hudson Bay Capital Management LP now owns 60,717 shares of the asset manager’s stock valued at $9,708,000 after buying an additional 57,687 shares during the last quarter. CI Investments Inc. boosted its position in shares of Ares Management by 35,425.5% during the third quarter. CI Investments Inc. now owns 221,679 shares of the asset manager’s stock valued at $35,444,000 after buying an additional 221,055 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Ares Management during the third quarter valued at $2,971,000. Finally, Principal Financial Group Inc. boosted its position in shares of Ares Management by 2.8% during the third quarter. Principal Financial Group Inc. now owns 3,534,773 shares of the asset manager’s stock valued at $565,180,000 after buying an additional 94,825 shares during the last quarter. 50.03% of the stock is owned by hedge funds and other institutional investors.

Ares Management Stock Up 1.2%

NYSE ARES opened at $126.75 on Thursday. The stock’s 50-day moving average price is $114.57 and its 200-day moving average price is $136.47. 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 52 week low of $95.80 and a 52 week high of $195.26. The company has a market capitalization of $41.81 billion, a P/E ratio of 58.95, a price-to-earnings-growth ratio of 1.10 and a beta of 1.50.

Ares Management (NYSE:ARES) last posted its quarterly earnings data on Friday, May 1st. The asset manager reported $1.24 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.08). Ares Management had a return on equity of 22.14% and a net margin of 10.54%.The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the business earned $1.09 EPS. On average, equities research analysts predict that Ares Management Corporation will post 6.06 earnings per share for the current year.

Ares Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $1.35 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $5.40 annualized dividend and a dividend yield of 4.3%. Ares Management’s dividend payout ratio (DPR) is 251.16%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ARES shares. Barclays increased their price objective on Ares Management from $127.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. dropped their price objective on Ares Management from $188.00 to $144.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 28th. The Goldman Sachs Group dropped their price objective on Ares Management from $165.00 to $131.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. 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 research report on Monday, February 9th. Finally, BMO Capital Markets dropped their price objective on Ares Management from $140.00 to $112.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 24th. One 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 data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $162.56.

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.