Silvant Capital Management LLC Buys 11,524 Shares of Ares Management Corporation $ARES

Silvant Capital Management LLC lifted its stake in shares of Ares Management Corporation (NYSE:ARES) by 28.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 52,573 shares of the asset manager’s stock after acquiring an additional 11,524 shares during the quarter. Silvant Capital Management LLC’s holdings in Ares Management were worth $8,497,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Ares Management by 20.2% during the 4th quarter. Vanguard Group Inc. now owns 26,050,425 shares of the asset manager’s stock valued at $4,210,530,000 after acquiring an additional 4,373,955 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Ares Management by 26.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,705,599 shares of the asset manager’s stock worth $922,196,000 after purchasing an additional 1,187,174 shares during the period. Geode Capital Management LLC boosted its stake in Ares Management by 55.7% in the 4th quarter. Geode Capital Management LLC now owns 5,489,004 shares of the asset manager’s stock worth $883,716,000 after purchasing an additional 1,963,460 shares during the period. Capital International Investors boosted its stake in Ares Management by 0.3% in the 4th quarter. Capital International Investors now owns 4,257,710 shares of the asset manager’s stock worth $688,176,000 after purchasing an additional 14,516 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Ares Management by 8.6% in the 4th quarter. Principal Financial Group Inc. now owns 3,839,693 shares of the asset manager’s stock worth $620,616,000 after purchasing an additional 304,920 shares during the period. 50.03% of the stock is currently owned by institutional investors.

Ares Management Stock Performance

ARES stock opened at $135.32 on Tuesday. 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 business’s fifty day simple moving average is $120.49 and its two-hundred day simple moving average is $134.67. Ares Management Corporation has a twelve month low of $95.80 and a twelve month high of $195.26. The firm has a market cap of $44.64 billion, a price-to-earnings ratio of 62.94, a PEG ratio of 1.18 and a beta of 1.51.

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

Ares Management Dividend Announcement

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 $1.35 dividend. The ex-dividend date is Tuesday, June 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 presently 251.16%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ARES. Wall Street Zen upgraded Ares Management from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. Oppenheimer reaffirmed an “outperform” rating and set a $146.00 price objective (down from $147.00) on shares of Ares Management in a report on Monday, May 4th. Royal Bank Of Canada restated an “outperform” rating on shares of Ares Management in a report on Wednesday, April 29th. Citizens Jmp decreased their price target 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. Finally, Morgan Stanley decreased their price target on Ares Management from $178.00 to $163.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.