Ares Management Corporation $ARES Shares Bought by CI Investments Inc.

CI Investments Inc. raised its position in Ares Management Corporation (NYSE:ARES) by 35,425.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 221,679 shares of the asset manager’s stock after purchasing an additional 221,055 shares during the period. CI Investments Inc.’s holdings in Ares Management were worth $35,444,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of ARES. Creative Planning boosted its stake in Ares Management by 29.6% during the 2nd quarter. Creative Planning now owns 34,036 shares of the asset manager’s stock worth $5,895,000 after purchasing an additional 7,776 shares during the period. Vulcan Value Partners LLC increased its position in Ares Management by 10.6% in the 3rd quarter. Vulcan Value Partners LLC now owns 1,350,249 shares of the asset manager’s stock valued at $215,785,000 after acquiring an additional 129,368 shares during the period. Principal Financial Group Inc. increased its position in Ares Management by 2.8% in the 3rd quarter. Principal Financial Group Inc. now owns 3,534,773 shares of the asset manager’s stock valued at $565,180,000 after acquiring an additional 94,825 shares during the period. Wealth Alliance LLC raised its stake in Ares Management by 30.6% during the 2nd quarter. Wealth Alliance LLC now owns 4,388 shares of the asset manager’s stock valued at $760,000 after acquiring an additional 1,027 shares during the last quarter. Finally, Winslow Capital Management LLC acquired a new stake in Ares Management during the 2nd quarter worth approximately $161,774,000. 50.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Raymond James Financial upgraded Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 price target for the company in a research note on Monday, February 9th. The Goldman Sachs Group lowered their target price on shares of Ares Management from $189.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Oppenheimer lowered their price objective on Ares Management from $224.00 to $215.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Ares Management in a research note on Monday, December 29th. Finally, Barclays decreased their price target on Ares Management from $222.00 to $190.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.67.

Insider Buying and Selling

In other Ares Management news, Director Judy D. Olian bought 480 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were acquired at an average cost of $124.43 per share, with a total value of $59,726.40. Following the completion of the transaction, the director owned 29,734 shares in the company, valued at $3,699,801.62. The trade was a 1.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ashish Bhutani bought 10,000 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was bought at an average price of $126.61 per share, for a total transaction of $1,266,100.00. Following the purchase, the director owned 34,071 shares in the company, valued at approximately $4,313,729.31. This represents a 41.54% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.52% of the company’s stock.

Ares Management Price Performance

Ares Management stock opened at $112.74 on Wednesday. The stock has a market capitalization of $36.85 billion, a P/E ratio of 66.71, a P/E/G ratio of 0.71 and a beta of 1.55. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 1.22. Ares Management Corporation has a 12-month low of $106.02 and a 12-month high of $195.26. The firm’s 50-day moving average is $148.42 and its two-hundred day moving average is $157.70.

Ares Management (NYSE:ARES) last issued its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.26). Ares Management had a return on equity of 19.04% and a net margin of 9.41%.The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the company earned $0.55 EPS. Equities analysts predict that Ares Management Corporation will post 5.28 earnings per share for the current year.

Ares Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a dividend of $1.35 per share. This is an increase from Ares Management’s previous quarterly dividend of $0.84. This represents a $5.40 annualized dividend and a yield of 4.8%. The ex-dividend date is Tuesday, March 17th. Ares Management’s payout ratio is presently 265.09%.

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.