Mufg Securities Americas Inc. Invests $897,000 in Ares Management Corporation $ARES

Mufg Securities Americas Inc. acquired a new position in shares of Ares Management Corporation (NYSE:ARES) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,550 shares of the asset manager’s stock, valued at approximately $897,000.

Several other hedge funds have also bought and sold shares of the company. Mariner LLC lifted its stake in Ares Management by 37.9% in the 4th quarter. Mariner LLC now owns 17,347 shares of the asset manager’s stock valued at $2,803,000 after purchasing an additional 4,772 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Ares Management during the fourth quarter worth approximately $1,316,000. Landscape Capital Management L.L.C. bought a new position in shares of Ares Management during the fourth quarter worth approximately $3,288,000. Dockside LLC bought a new position in shares of Ares Management during the fourth quarter worth approximately $1,349,000. Finally, Arax Advisory Partners increased its holdings in shares of Ares Management by 443.5% during the fourth quarter. Arax Advisory Partners now owns 1,000 shares of the asset manager’s stock worth $162,000 after purchasing an additional 816 shares during the period. 50.03% of the stock is currently owned by institutional investors and hedge funds.

Ares Management Stock Performance

ARES stock opened at $135.32 on Tuesday. The stock has a 50-day moving average price of $120.49 and a 200-day moving average price of $134.67. Ares Management Corporation has a 1-year low of $95.80 and a 1-year high of $195.26. The firm has a market cap of $44.64 billion, a PE ratio of 62.94, a price-to-earnings-growth ratio of 1.18 and a beta of 1.51. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.96.

Ares Management (NYSE:ARES) last announced its quarterly earnings data on Friday, May 1st. The asset manager reported $1.24 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the company posted $1.09 EPS. As a group, equities research analysts expect that Ares Management Corporation will post 6.06 earnings per share for the current year.

Ares Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a dividend of $1.35 per share. The ex-dividend date is Tuesday, June 16th. This represents a $5.40 annualized dividend and a dividend yield of 4.0%. Ares Management’s dividend payout ratio is currently 251.16%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ARES. Wall Street Zen raised shares of Ares Management from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. The Goldman Sachs Group decreased their target price on shares of Ares Management from $165.00 to $131.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. TD Cowen decreased their target price on shares of Ares Management from $148.00 to $144.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Barclays boosted their target price on shares of Ares Management from $127.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Ares Management from $188.00 to $144.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.56.

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.