New Mexico Educational Retirement Board Acquires New Shares in Ares Management Corporation $ARES

New Mexico Educational Retirement Board acquired a new stake in shares of Ares Management Corporation (NYSE:ARES) during the 4th quarter, Holdings Channel.com reports. The fund acquired 9,400 shares of the asset manager’s stock, valued at approximately $1,519,000.

Several other institutional investors also recently modified their holdings of the business. Rothschild Wealth LLC purchased a new stake in shares of Ares Management during the fourth quarter valued at $6,076,000. Founders Financial Securities LLC purchased a new stake in shares of Ares Management during the fourth quarter valued at $209,000. MUFG Securities EMEA plc purchased a new stake in shares of Ares Management during the fourth quarter valued at $1,365,000. Texas Yale Capital Corp. purchased a new stake in shares of Ares Management during the fourth quarter valued at $239,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Ares Management during the fourth quarter valued at $7,745,000. 50.03% of the stock is owned by hedge funds and other institutional investors.

Ares Management Stock Down 0.4%

ARES stock opened at $128.18 on Wednesday. Ares Management Corporation has a fifty-two week low of $95.80 and a fifty-two week high of $195.26. The business’s 50-day moving average is $115.85 and its two-hundred day moving average is $135.92. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.23 and a current ratio of 0.23. The company has a market cap of $42.28 billion, a price-to-earnings ratio of 59.62, a P/E/G ratio of 1.13 and a beta of 1.51.

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

Ares Management Dividend Announcement

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 4.2%. Ares Management’s dividend payout ratio (DPR) is 251.16%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Citizens Jmp dropped their price objective on Ares Management from $205.00 to $190.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ares Management in a research report on Wednesday, April 29th. Morgan Stanley lowered their target price on Ares Management from $178.00 to $163.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Wall Street Zen downgraded Ares Management from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Finally, JPMorgan Chase & Co. lowered their target price on Ares Management from $188.00 to $144.00 and set an “overweight” rating on the stock in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Ares Management currently has a consensus 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.