Dearborn Partners LLC Purchases Shares of 102,275 Ares Management Corporation $ARES

Dearborn Partners LLC acquired a new position in shares of Ares Management Corporation (NYSE:ARES) in the second quarter, HoldingsChannel.com reports. The firm acquired 102,275 shares of the asset manager’s stock, valued at approximately $11,384,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Osbon Capital Management LLC acquired a new stake in Ares Management during the fourth quarter worth approximately $32,000. Elyxium Wealth LLC bought a new position in shares of Ares Management during the fourth quarter worth approximately $42,000. Summit Securities Group LLC bought a new position in Ares Management during the 4th quarter worth $49,000. Western Wealth Management LLC bought a new stake in shares of Ares Management in the first quarter valued at about $50,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in shares of Ares Management in the first quarter valued at about $55,000. 50.03% of the stock is currently owned by institutional investors and hedge funds.

Ares Management Stock Up 0.4%

Shares of NYSE ARES opened at $142.62 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 1.00. The company’s fifty day simple moving average is $128.55 and its 200 day simple moving average is $122.04. The firm has a market cap of $47.10 billion, a PE ratio of 65.42, a P/E/G ratio of 1.23 and a beta of 1.49. Ares Management Corporation has a 12-month low of $95.80 and a 12-month high of $186.85.

Ares Management (NYSE:ARES) last posted its quarterly earnings results on Friday, July 31st. The asset manager reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. Ares Management had a return on equity of 25.42% and a net margin of 10.63%.The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the business earned $1.03 EPS. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, sell-side analysts forecast that Ares Management Corporation will post 5.94 earnings per share for the current fiscal year.

Ares Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a dividend of $1.35 per share. The ex-dividend date is Wednesday, September 16th. This represents a $5.40 annualized dividend and a yield of 3.8%. Ares Management’s dividend payout ratio is presently 247.71%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. BMO Capital Markets lifted their price objective on shares of Ares Management from $128.00 to $134.00 and gave the stock a “market perform” rating in a research note on Monday, August 3rd. Citizens Jmp cut their target price on Ares Management from $190.00 to $160.00 and set a “market outperform” rating for the company in a research note on Thursday, July 9th. Wall Street Zen downgraded shares of Ares Management from a “hold” rating to a “sell” rating in a research note on Saturday, July 4th. Oppenheimer raised their price objective on Ares Management from $151.00 to $162.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Barclays decreased their price target on shares of Ares Management from $140.00 to $139.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Ares Management has a consensus rating of “Moderate Buy” and a consensus price target of $160.47.

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.