67,271 Shares in Ares Management Corporation $ARES Bought by Nykredit A S

Nykredit A S bought a new position in Ares Management Corporation (NYSE:ARES) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 67,271 shares of the asset manager’s stock, valued at approximately $7,488,000.

A number of other hedge funds also recently added to or reduced their stakes in ARES. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Ares Management by 5.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,344 shares of the asset manager’s stock worth $197,000 after acquiring an additional 70 shares during the last quarter. Wedbush Securities Inc. grew its position in Ares Management by 4.2% in the 4th quarter. Wedbush Securities Inc. now owns 2,030 shares of the asset manager’s stock worth $328,000 after purchasing an additional 81 shares during the last quarter. First Manhattan CO. LLC. grew its position in Ares Management by 0.5% in the 4th quarter. First Manhattan CO. LLC. now owns 17,634 shares of the asset manager’s stock worth $2,850,000 after purchasing an additional 89 shares during the last quarter. Root Financial Partners LLC increased its stake in shares of Ares Management by 17.8% in the fourth quarter. Root Financial Partners LLC now owns 642 shares of the asset manager’s stock valued at $104,000 after purchasing an additional 97 shares during the period. Finally, Marks Group Wealth Management Inc raised its holdings in shares of Ares Management by 7.3% during the fourth quarter. Marks Group Wealth Management Inc now owns 1,522 shares of the asset manager’s stock valued at $246,000 after buying an additional 103 shares during the last quarter. 50.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on ARES. BMO Capital Markets raised their target price on Ares Management from $128.00 to $134.00 and gave the company a “market perform” rating in a research report on Monday, August 3rd. Citigroup reissued a “market outperform” rating on shares of Ares Management in a report on Monday, August 3rd. Oppenheimer lifted their price objective on shares of Ares Management from $151.00 to $162.00 and gave the company an “outperform” rating in a research note on Thursday, August 27th. Barclays decreased their target price 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. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $144.00 price target on shares of Ares Management in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $160.47.

Ares Management Stock Down 0.9%

Shares of Ares Management stock opened at $140.28 on Friday. Ares Management Corporation has a 12-month low of $95.80 and a 12-month high of $186.85. The firm has a market capitalization of $46.33 billion, a PE ratio of 64.35, a price-to-earnings-growth ratio of 1.21 and a beta of 1.49. 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 stock’s fifty day moving average is $131.20 and its 200-day moving average is $122.34.

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

Ares Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, September 16th. Ares Management’s dividend payout ratio (DPR) is 247.71%.

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.