Geode Capital Management LLC Purchases 1,963,460 Shares of Ares Management Corporation $ARES

Geode Capital Management LLC raised its position in shares of Ares Management Corporation (NYSE:ARES) by 55.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,489,004 shares of the asset manager’s stock after acquiring an additional 1,963,460 shares during the period. Geode Capital Management LLC owned approximately 1.68% of Ares Management worth $883,716,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vulcan Value Partners LLC boosted its holdings in Ares Management by 10.6% during the third 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. Hudson Bay Capital Management LP lifted its holdings in shares of Ares Management by 1,903.9% during the third quarter. Hudson Bay Capital Management LP now owns 60,717 shares of the asset manager’s stock worth $9,708,000 after buying an additional 57,687 shares during the last quarter. Quilter Plc lifted its holdings in shares of Ares Management by 5.6% during the fourth quarter. Quilter Plc now owns 704,069 shares of the asset manager’s stock worth $113,799,000 after buying an additional 37,366 shares during the last quarter. CI Investments Inc. lifted its holdings in shares of Ares Management by 35,425.5% during the third quarter. CI Investments Inc. now owns 221,679 shares of the asset manager’s stock worth $35,444,000 after buying an additional 221,055 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Ares Management during the third quarter worth approximately $2,971,000. 50.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ARES shares. Deutsche Bank Aktiengesellschaft upgraded Ares Management from a “hold” rating to a “buy” rating and cut their price target for the stock from $182.00 to $155.00 in a report on Friday, February 6th. Morgan Stanley dropped their price objective on shares of Ares Management from $178.00 to $163.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. TD Cowen dropped their price objective on shares of Ares Management from $148.00 to $144.00 and set a “buy” rating on the stock in a report on Monday, May 18th. JPMorgan Chase & Co. dropped their price objective on shares of Ares Management from $188.00 to $144.00 and set an “overweight” rating on the stock in a report on Tuesday, April 28th. Finally, Zacks Research upgraded shares of Ares Management from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $162.56.

Ares Management Price Performance

Shares of NYSE:ARES opened at $128.75 on Friday. Ares Management Corporation has a 1-year low of $95.80 and a 1-year high of $195.26. The firm has a market capitalization of $42.47 billion, a PE ratio of 59.89, a PEG ratio of 1.10 and a beta of 1.50. The business’s 50 day moving average is $115.44 and its 200-day moving average is $136.22. 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 return on equity of 22.14% and a net margin of 10.54%.The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the business posted $1.09 EPS. Sell-side analysts predict that Ares Management Corporation will post 6.06 earnings per share for the current year.

Ares Management Dividend Announcement

The firm 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. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Tuesday, June 16th. Ares Management’s dividend payout ratio (DPR) is presently 251.16%.

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.