Trillium Asset Management LLC Invests $23.13 Million in Ares Management Corporation $ARES

Trillium Asset Management LLC bought a new position in Ares Management Corporation (NYSE:ARES) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 141,259 shares of the asset manager’s stock, valued at approximately $23,134,000.

Several other institutional investors have also recently made changes to their positions in the company. Wealthspire Advisors LLC raised its position in shares of Ares Management by 24.2% in the 4th quarter. Wealthspire Advisors LLC now owns 2,909 shares of the asset manager’s stock worth $470,000 after acquiring an additional 566 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Ares Management by 7.6% in the 4th quarter. Quadrant Capital Group LLC now owns 2,427 shares of the asset manager’s stock worth $392,000 after acquiring an additional 172 shares in the last quarter. Livet Wealth LLC bought a new position in shares of Ares Management in the 4th quarter worth approximately $225,000. Northwest & Ethical Investments L.P. raised its position in shares of Ares Management by 20.4% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 5,370 shares of the asset manager’s stock worth $877,000 after acquiring an additional 910 shares in the last quarter. Finally, Beck Mack & Oliver LLC raised its position in shares of Ares Management by 50.8% in the 4th quarter. Beck Mack & Oliver LLC now owns 76,566 shares of the asset manager’s stock worth $12,375,000 after acquiring an additional 25,804 shares in the last quarter. Institutional investors own 50.03% of the company’s stock.

Ares Management Stock Performance

Ares Management stock opened at $134.98 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $44.52 billion, a P/E ratio of 62.78, a PEG ratio of 1.16 and a beta of 1.51. The stock’s 50 day moving average is $119.83 and its 200 day moving average is $134.91. Ares Management Corporation has a twelve month low of $95.80 and a twelve month high of $195.26.

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

Ares Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders 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 yield of 4.0%. The ex-dividend date is Tuesday, June 16th. Ares Management’s dividend payout ratio (DPR) is currently 251.16%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ARES shares. BMO Capital Markets decreased their target price on Ares Management from $140.00 to $112.00 and set a “market perform” rating for the company in a research report on Tuesday, March 24th. Wall Street Zen upgraded Ares Management from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. Morgan Stanley cut their price target on Ares Management from $178.00 to $163.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. Royal Bank Of Canada restated an “outperform” rating on shares of Ares Management in a research note on Wednesday, April 29th. Finally, Zacks Research upgraded Ares Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.