Waterway Wealth Management LLC Acquires New Shares in Ares Management Corporation $ARES

Waterway Wealth Management LLC acquired a new stake in Ares Management Corporation (NYSE:ARES) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,033 shares of the asset manager’s stock, valued at approximately $1,137,000.

Several other hedge funds have also recently bought and sold shares of the company. Cynosure Group LLC increased its stake in Ares Management by 9.5% in the 4th quarter. Cynosure Group LLC now owns 3,044 shares of the asset manager’s stock valued at $492,000 after purchasing an additional 264 shares in the last quarter. Silvant Capital Management LLC increased its stake in Ares Management by 28.1% in the 4th quarter. Silvant Capital Management LLC now owns 52,573 shares of the asset manager’s stock valued at $8,497,000 after purchasing an additional 11,524 shares in the last quarter. TritonPoint Partners LLC purchased a new position in Ares Management in the 4th quarter valued at approximately $811,000. USS Investment Management Ltd increased its stake in Ares Management by 1.1% in the 4th quarter. USS Investment Management Ltd now owns 21,276 shares of the asset manager’s stock valued at $3,439,000 after purchasing an additional 241 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in Ares Management by 10.6% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 19,497 shares of the asset manager’s stock valued at $3,151,000 after purchasing an additional 1,861 shares in the last quarter. 50.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Zacks Research raised Ares Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. TD Cowen dropped their price target on Ares Management from $148.00 to $144.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Oppenheimer reissued an “outperform” rating and set a $146.00 price target (down from $147.00) on shares of Ares Management in a research report on Monday, May 4th. Morgan Stanley dropped their price target on Ares Management from $178.00 to $163.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ares Management in a research report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.56.

Ares Management Stock Performance

Ares Management stock opened at $135.24 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.23 and a current ratio of 0.23. The stock has a fifty day moving average of $121.15 and a two-hundred day moving average of $134.54. The company has a market capitalization of $44.61 billion, a price-to-earnings ratio of 62.90, a PEG ratio of 1.19 and a beta of 1.51. Ares Management Corporation has a fifty-two week low of $95.80 and a fifty-two week high of $195.26.

Ares Management (NYSE:ARES) last released its quarterly earnings results 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). The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Ares Management had a return on equity of 22.14% and a net margin of 10.54%.During the same period in the previous year, the business posted $1.09 EPS. On average, analysts anticipate that Ares Management Corporation will post 6.06 EPS for the current fiscal 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 given a $1.35 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.0%. Ares Management’s payout ratio is currently 251.16%.

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.