Jain Global LLC Buys Shares of 109,680 Ares Management Corporation $ARES

Jain Global LLC bought a new stake in shares of Ares Management Corporation (NYSE:ARES) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 109,680 shares of the asset manager’s stock, valued at approximately $17,537,000.

Several other hedge funds have also made changes to their positions in ARES. Vanguard Group Inc. boosted its position in Ares Management by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 21,676,470 shares of the asset manager’s stock valued at $3,465,851,000 after purchasing an additional 740,103 shares during the period. Capital International Investors increased its position in Ares Management by 0.4% in the third quarter. Capital International Investors now owns 4,243,194 shares of the asset manager’s stock worth $678,448,000 after buying an additional 15,913 shares during the period. Principal Financial Group Inc. lifted its stake in Ares Management by 2.8% in the third quarter. Principal Financial Group Inc. now owns 3,534,773 shares of the asset manager’s stock valued at $565,180,000 after buying an additional 94,825 shares during the last quarter. LRI Investments LLC lifted its stake in Ares Management by 10.2% in the third quarter. LRI Investments LLC now owns 2,586,253 shares of the asset manager’s stock valued at $413,516,000 after buying an additional 238,531 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Ares Management during the second quarter valued at $328,910,000. Institutional investors own 50.03% of the company’s stock.

Insider Activity

In other news, Director Ashish Bhutani acquired 10,000 shares of Ares Management stock in a transaction on Friday, February 6th. The stock was bought at an average cost of $126.61 per share, with a total value of $1,266,100.00. Following the completion of the purchase, the director owned 34,071 shares of the company’s stock, valued at $4,313,729.31. This represents a 41.54% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Judy D. Olian bought 480 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was purchased at an average price of $124.43 per share, with a total value of $59,726.40. Following the completion of the acquisition, the director owned 29,734 shares of the company’s stock, valued at approximately $3,699,801.62. This trade represents a 1.64% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.52% of the stock is currently owned by insiders.

Ares Management Price Performance

Shares of NYSE:ARES opened at $101.54 on Monday. The company has a market capitalization of $33.45 billion, a PE ratio of 60.08, a price-to-earnings-growth ratio of 0.75 and a beta of 1.56. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a fifty day moving average of $139.08 and a 200-day moving average of $153.59. Ares Management Corporation has a one year low of $95.80 and a one year high of $195.26.

Ares Management (NYSE:ARES) last issued its earnings results on Thursday, February 5th. The asset manager reported $1.45 earnings per share (EPS) 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 company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the firm earned $0.55 earnings per share. As a group, equities analysts anticipate that Ares Management Corporation will post 5.28 EPS for the current fiscal year.

Ares Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 5.3%. The ex-dividend date is Tuesday, March 17th. This is a boost from Ares Management’s previous quarterly dividend of $0.84. Ares Management’s dividend payout ratio is presently 265.09%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ARES shares. UBS Group set a $148.00 price target on shares of Ares Management in a research report on Friday, February 20th. Oppenheimer dropped their price target on shares of Ares Management from $224.00 to $215.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. Barclays cut their price target on Ares Management from $222.00 to $190.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Morgan Stanley set a $178.00 price objective on Ares Management in a research report on Tuesday, January 27th. Finally, Deutsche Bank Aktiengesellschaft upgraded Ares Management from a “hold” rating to a “buy” rating and lowered their target price for the company from $182.00 to $155.00 in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Ares Management currently has an average rating of “Moderate Buy” and a consensus target price of $182.67.

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.