Ares Management (NYSE:ARES) Director Judy Olian Purchases 480 Shares

Ares Management Corporation (NYSE:ARES) Director Judy Olian purchased 480 shares of Ares Management stock in a transaction that occurred on Friday, February 20th. The shares were bought at an average price of $124.43 per share, for a total transaction of $59,726.40. Following the transaction, the director owned 29,734 shares in the company, valued at $3,699,801.62. This represents a 1.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Ares Management Trading Up 2.2%

ARES opened at $117.12 on Wednesday. Ares Management Corporation has a 1-year low of $110.63 and a 1-year high of $195.26. The stock has a market capitalization of $38.28 billion, a PE ratio of 69.30, a PEG ratio of 0.69 and a beta of 1.52. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average price of $153.71 and a two-hundred day moving average price of $160.33.

Ares Management (NYSE:ARES) last announced 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 19.26% and a net margin of 9.41%.The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the company posted $0.55 earnings per share. As a group, equities analysts anticipate that Ares Management Corporation will post 5.28 earnings per share for the current fiscal year.

Ares Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Tuesday, March 17th. This is a positive change from Ares Management’s previous quarterly dividend of $0.84. Ares Management’s dividend payout ratio is 265.09%.

Institutional Trading of Ares Management

A number of hedge funds have recently modified their holdings of the company. Nemes Rush Group LLC grew its holdings in Ares Management by 3.1% during the second quarter. Nemes Rush Group LLC now owns 1,745 shares of the asset manager’s stock valued at $302,000 after purchasing an additional 52 shares during the period. New York Life Investment Management LLC raised its holdings in Ares Management by 2.0% in the second quarter. New York Life Investment Management LLC now owns 3,083 shares of the asset manager’s stock worth $534,000 after purchasing an additional 59 shares during the period. First Horizon Advisors Inc. boosted its position in shares of Ares Management by 10.3% during the second quarter. First Horizon Advisors Inc. now owns 630 shares of the asset manager’s stock worth $109,000 after purchasing an additional 59 shares in the last quarter. Kingsview Wealth Management LLC grew its holdings in shares of Ares Management by 4.0% in the 2nd quarter. Kingsview Wealth Management LLC now owns 1,625 shares of the asset manager’s stock valued at $281,000 after buying an additional 63 shares during the period. Finally, Secure Asset Management LLC grew its holdings in shares of Ares Management by 0.8% in the 3rd quarter. Secure Asset Management LLC now owns 8,329 shares of the asset manager’s stock valued at $1,284,000 after buying an additional 70 shares during the period. 50.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada dropped their target price on Ares Management from $180.00 to $173.00 and set an “outperform” rating for the company in a research report on Tuesday. Deutsche Bank Aktiengesellschaft upgraded Ares Management from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $182.00 to $155.00 in a research report on Friday, February 6th. UBS Group set a $148.00 target price on shares of Ares Management in a research report on Friday. Barclays reduced their target price on shares of Ares Management from $222.00 to $190.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Finally, Oppenheimer dropped their price target on shares of Ares Management from $224.00 to $215.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.