Junto Capital Management LP Takes Position in Ares Management Corporation $ARES

Junto Capital Management LP acquired a new position in Ares Management Corporation (NYSE:ARES) in the second quarter, HoldingsChannel reports. The fund acquired 360,113 shares of the asset manager’s stock, valued at approximately $40,084,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Triumph Capital Management boosted its stake in shares of Ares Management by 127.3% during the second quarter. Triumph Capital Management now owns 250 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 140 shares in the last quarter. Osbon Capital Management LLC purchased a new stake in Ares Management during the fourth quarter worth $32,000. Elyxium Wealth LLC bought a new stake in Ares Management during the 4th quarter valued at $42,000. Summit Securities Group LLC purchased a new position in shares of Ares Management in the 4th quarter valued at $49,000. Finally, Western Wealth Management LLC purchased a new position in shares of Ares Management in the 1st quarter valued at $50,000. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Ares Management Trading Down 2.9%

Ares Management stock opened at $134.60 on Thursday. The stock has a 50-day moving average of $132.81 and a two-hundred day moving average of $122.39. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.26 and a current ratio of 0.26. Ares Management Corporation has a one year low of $95.80 and a one year high of $186.85. The stock has a market cap of $44.45 billion, a PE ratio of 61.74, a price-to-earnings-growth ratio of 1.20 and a beta of 1.49.

Ares Management (NYSE:ARES) last issued 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 analyst estimates of $1.27 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. On average, research analysts anticipate that Ares Management Corporation will post 5.94 EPS for the current fiscal year.

Ares Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid a $1.35 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $5.40 dividend on an annualized basis and a yield of 4.0%. Ares Management’s dividend payout ratio (DPR) is 247.71%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ARES shares. Wall Street Zen cut Ares Management from a “hold” rating to a “sell” rating in a research note on Saturday, July 4th. JPMorgan Chase & Co. lifted their target price on Ares Management from $143.00 to $153.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. BMO Capital Markets boosted their target price on shares of Ares Management from $128.00 to $134.00 and gave the stock a “market perform” rating in a report on Monday, August 3rd. Royal Bank Of Canada increased their price target on shares of Ares Management from $162.00 to $168.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Finally, Morgan Stanley set a $160.00 price target on shares of Ares Management in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Ares Management has a consensus rating of “Moderate Buy” and an average target price of $160.47.

Ares Management Company Profile

Ares Management Corporation is a global alternative investment manager that provides investment solutions across credit, private equity, real assets and secondaries. The company manages capital for institutional investors, financial intermediaries and individual investors through a range of private funds, public-market strategies and other investment vehicles.

Its investment activities include direct lending and other forms of private credit, corporate and growth-oriented private equity, real estate and infrastructure investments, and secondary-market transactions involving private investment interests.