Handelsbanken Fonder AB Increases Holdings in Ares Management Corporation $ARES

Handelsbanken Fonder AB lifted its position in shares of Ares Management Corporation (NYSE:ARES) by 88.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 22,228 shares of the asset manager’s stock after buying an additional 10,416 shares during the period. Handelsbanken Fonder AB’s holdings in Ares Management were worth $3,593,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ARES. AQR Capital Management LLC boosted its stake in shares of Ares Management by 116.7% during the 1st quarter. AQR Capital Management LLC now owns 10,360 shares of the asset manager’s stock worth $1,519,000 after acquiring an additional 5,579 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Ares Management by 5.5% during the 1st 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 in the last quarter. Empowered Funds LLC boosted its stake in shares of Ares Management by 42.7% during the 1st quarter. Empowered Funds LLC now owns 6,197 shares of the asset manager’s stock worth $909,000 after acquiring an additional 1,853 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of Ares Management by 15.3% during the 1st quarter. Focus Partners Wealth now owns 1,902 shares of the asset manager’s stock worth $279,000 after acquiring an additional 252 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Ares Management by 708.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 493 shares of the asset manager’s stock worth $72,000 after acquiring an additional 432 shares in the last quarter. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Ares Management Price Performance

ARES stock opened at $124.45 on Friday. Ares Management Corporation has a 1 year low of $95.80 and a 1 year high of $195.26. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.23 and a current ratio of 0.23. The stock’s 50 day moving average price is $113.00 and its 200 day moving average price is $137.16. The firm has a market cap of $41.05 billion, a P/E ratio of 57.88, a PEG ratio of 1.09 and a beta of 1.50.

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

Ares Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a $1.35 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $5.40 dividend on an annualized basis and a yield of 4.3%. Ares Management’s dividend payout ratio is presently 251.16%.

Analysts Set New Price Targets

ARES has been the topic of several research analyst reports. 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 research note on Tuesday, April 21st. UBS Group set a $148.00 price target on Ares Management in a research note on Friday, February 20th. Raymond James Financial raised Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 price target on the stock in a research note on Monday, February 9th. Oppenheimer reaffirmed an “outperform” rating and issued a $146.00 target price (down from $147.00) on shares of Ares Management in a research note on Monday, May 4th. Finally, Wall Street Zen lowered Ares Management from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Ares Management presently has an average rating of “Moderate Buy” and an average target price of $162.56.

Ares Management Company 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.