Osprey Private Wealth LLC Buys 13,165 Shares of Ares Management Corporation $ARES

Osprey Private Wealth LLC lifted its stake in shares of Ares Management Corporation (NYSE:ARES) by 25.6% during the fourth quarter, Holdings Channel reports. The firm owned 64,530 shares of the asset manager’s stock after purchasing an additional 13,165 shares during the quarter. Ares Management makes up approximately 3.0% of Osprey Private Wealth LLC’s portfolio, making the stock its 10th largest holding. Osprey Private Wealth LLC’s holdings in Ares Management were worth $10,430,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ARES. Vulcan Value Partners LLC grew its holdings in shares of Ares Management by 10.6% during the third quarter. Vulcan Value Partners LLC now owns 1,350,249 shares of the asset manager’s stock valued at $215,785,000 after buying an additional 129,368 shares in the last quarter. Quilter Plc grew its holdings in shares of Ares Management by 5.6% during the fourth quarter. Quilter Plc now owns 704,069 shares of the asset manager’s stock valued at $113,799,000 after buying an additional 37,366 shares in the last quarter. Hudson Bay Capital Management LP grew its holdings in shares of Ares Management by 1,903.9% during the third quarter. Hudson Bay Capital Management LP now owns 60,717 shares of the asset manager’s stock valued at $9,708,000 after buying an additional 57,687 shares in the last quarter. CI Investments Inc. grew its holdings in shares of Ares Management by 35,425.5% during the third quarter. CI Investments Inc. now owns 221,679 shares of the asset manager’s stock valued at $35,444,000 after buying an additional 221,055 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Ares Management during the third quarter valued at $2,971,000. 50.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ARES has been the topic of a number of research analyst reports. UBS Group set a $148.00 price target on Ares Management in a report on Friday, February 20th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ares Management in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft upgraded Ares Management from a “hold” rating to a “buy” rating and lowered their price target for the company from $182.00 to $155.00 in a report on Friday, February 6th. Zacks Research upgraded Ares Management from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Finally, Raymond James Financial upgraded Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 price target on the stock in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $166.06.

Insider Activity

In related news, Director Judy D. Olian purchased 480 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was bought at an average price of $124.43 per share, for a total transaction of $59,726.40. Following the purchase, the director owned 29,734 shares in the company, valued at $3,699,801.62. The trade was a 1.64% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 36.86% of the company’s stock.

Ares Management Stock Performance

Shares of NYSE ARES opened at $126.23 on Friday. The business’s 50-day moving average price is $110.48 and its two-hundred day moving average price is $139.03. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 1.22. Ares Management Corporation has a one year low of $95.80 and a one year high of $195.26. The company has a market capitalization of $41.59 billion, a P/E ratio of 58.71, a price-to-earnings-growth ratio of 1.10 and a beta of 1.50.

Ares Management (NYSE:ARES) last released its quarterly 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 the consensus estimate of $1.28 billion. Ares Management had a return on equity of 22.02% and a net margin of 10.54%.During the same quarter last year, the company posted $1.09 EPS. Analysts anticipate that Ares Management Corporation will post 6.05 earnings per share for the current fiscal year.

Ares Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 4.3%. The ex-dividend date 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.