Cibc World Market Inc. Acquires 8,439 Shares of Ares Management Corporation $ARES

Cibc World Market Inc. boosted its holdings in Ares Management Corporation (NYSE:ARES) by 227.3% during the fourth quarter, Holdings Channel reports. The fund owned 12,152 shares of the asset manager’s stock after purchasing an additional 8,439 shares during the period. Cibc World Market Inc.’s holdings in Ares Management were worth $1,964,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ARES. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Ares Management by 5.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,344 shares of the asset manager’s stock valued at $197,000 after buying an additional 70 shares in the last quarter. Fulcrum Asset Management LLP grew its holdings in Ares Management by 1.7% in the 3rd quarter. Fulcrum Asset Management LLP now owns 4,321 shares of the asset manager’s stock valued at $691,000 after buying an additional 72 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Ares Management by 1.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 5,921 shares of the asset manager’s stock valued at $947,000 after buying an additional 76 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its holdings in Ares Management by 3.2% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 2,666 shares of the asset manager’s stock valued at $431,000 after buying an additional 83 shares in the last quarter. Finally, Wealth Alliance LLC grew its holdings in Ares Management by 2.1% in the 3rd quarter. Wealth Alliance LLC now owns 4,480 shares of the asset manager’s stock valued at $716,000 after buying an additional 92 shares in the last quarter. Institutional investors own 50.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ARES. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ares Management in a report on Wednesday, April 29th. JPMorgan Chase & Co. decreased their price objective on Ares Management from $188.00 to $144.00 and set an “overweight” rating on the stock in a report on Tuesday, April 28th. Barclays upped their price objective on Ares Management from $127.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, May 4th. TD Cowen decreased their price objective on Ares Management from $148.00 to $144.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Finally, Citizens Jmp decreased their price objective on Ares Management from $205.00 to $190.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Ares Management has an average rating of “Moderate Buy” and a consensus price target of $162.56.

Ares Management Stock Performance

ARES opened at $130.63 on Wednesday. The firm has a market cap of $43.09 billion, a P/E ratio of 60.76, a price-to-earnings-growth ratio of 1.11 and a beta of 1.51. Ares Management Corporation has a 52-week low of $95.80 and a 52-week high of $195.26. 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 business’s fifty day moving average is $118.35 and its 200-day moving average is $135.12.

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

Ares Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, June 16th. Ares Management’s dividend payout ratio is 251.16%.

Ares Management 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.