Canada Post Corp Registered Pension Plan Invests $808,000 in Ares Management Corporation $ARES

Canada Post Corp Registered Pension Plan acquired a new stake in Ares Management Corporation (NYSE:ARES) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,000 shares of the asset manager’s stock, valued at approximately $808,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC acquired a new stake in Ares Management in the third quarter valued at about $40,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in Ares Management in the fourth quarter valued at about $42,000. Washington Trust Advisors Inc. acquired a new stake in Ares Management in the third quarter valued at about $50,000. Covestor Ltd lifted its position in Ares Management by 182.6% in the third quarter. Covestor Ltd now owns 421 shares of the asset manager’s stock valued at $67,000 after purchasing an additional 272 shares during the period. Finally, Johnson Financial Group Inc. lifted its position in Ares Management by 230.7% in the third quarter. Johnson Financial Group Inc. now owns 453 shares of the asset manager’s stock valued at $72,000 after purchasing an additional 316 shares during the period. Institutional investors and hedge funds own 50.03% of the company’s stock.

Ares Management Trading Up 0.2%

Shares of ARES opened at $123.67 on Tuesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a 50 day simple moving average of $111.78 and a 200-day simple moving average of $137.81. Ares Management Corporation has a 1-year low of $95.80 and a 1-year high of $195.26. The stock has a market cap of $40.79 billion, a price-to-earnings ratio of 57.52, a price-to-earnings-growth ratio of 1.08 and a beta of 1.50.

Ares Management (NYSE:ARES) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period last year, the business earned $1.09 earnings per share. Equities analysts forecast that Ares Management Corporation will post 6.05 EPS for the current fiscal year.

Ares Management Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, June 16th. Ares Management’s dividend payout ratio (DPR) is 251.16%.

Insider Buying and Selling at Ares Management

In other Ares Management news, Director Judy D. Olian acquired 480 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was acquired at an average cost of $124.43 per share, with a total value of $59,726.40. Following the purchase, the director directly owned 29,734 shares in the company, valued at approximately $3,699,801.62. This trade represents a 1.64% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.52% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on ARES shares. Royal Bank Of Canada restated an “outperform” rating on shares of Ares Management in a research report on Wednesday, April 29th. The Goldman Sachs Group reduced their price objective on shares of Ares Management from $165.00 to $131.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. Citizens Jmp reduced their price objective on shares of Ares Management from $205.00 to $190.00 and set a “market outperform” rating for the company in a research report on Wednesday, April 22nd. Barclays raised their price objective on shares of Ares Management from $127.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Finally, Zacks Research upgraded shares of Ares Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $162.56.

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.