Natixis Advisors LLC Acquires 10,395 Shares of Ares Management Corporation $ARES

Natixis Advisors LLC raised its position in Ares Management Corporation (NYSE:ARES) by 30.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,413 shares of the asset manager’s stock after buying an additional 10,395 shares during the quarter. Natixis Advisors LLC’s holdings in Ares Management were worth $7,179,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Ares Management by 20.2% in the fourth quarter. Vanguard Group Inc. now owns 26,050,425 shares of the asset manager’s stock valued at $4,210,530,000 after purchasing an additional 4,373,955 shares in the last quarter. Norges Bank purchased a new position in Ares Management during the fourth quarter worth about $396,165,000. Geode Capital Management LLC grew its position in Ares Management by 55.7% during the fourth 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 in the last quarter. Massachusetts Financial Services Co. MA grew its position in Ares Management by 26.3% during the fourth 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 in the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of Ares Management by 487.4% in the 3rd quarter. Marshall Wace LLP now owns 912,656 shares of the asset manager’s stock worth $145,925,000 after purchasing an additional 757,293 shares in the last quarter. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Ares Management Stock Up 0.2%

Shares of NYSE:ARES opened at $125.92 on Monday. Ares Management Corporation has a 52-week low of $95.80 and a 52-week high of $195.26. The firm has a market capitalization of $41.53 billion, a P/E ratio of 58.57, a P/E/G ratio of 1.10 and a beta of 1.51. The stock has a 50 day moving average price of $117.49 and a 200-day moving average price of $135.34. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.23 and a current ratio of 0.23.

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

Ares Management Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Barclays upped their price objective on Ares Management from $127.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Citizens Jmp lowered their price target on Ares Management from $205.00 to $190.00 and set a “market outperform” rating for the company in a research report on Wednesday, April 22nd. The Goldman Sachs Group lowered their price target on Ares Management from $165.00 to $131.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. BMO Capital Markets lowered their price target on Ares Management from $140.00 to $112.00 and set a “market perform” rating for the company in a research report on Tuesday, March 24th. Finally, JPMorgan Chase & Co. lowered their price target on Ares Management from $188.00 to $144.00 and set an “overweight” rating for the company in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $162.56.

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.