Financiere des Professionnels Fonds d investissement inc. Invests $3.90 Million in Ares Management Corporation $ARES

Financiere des Professionnels Fonds d investissement inc. acquired a new stake in Ares Management Corporation (NYSE:ARES) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 35,700 shares of the asset manager’s stock, valued at approximately $3,895,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Ares Management by 20.2% during the fourth quarter. Vanguard Group Inc. now owns 26,050,425 shares of the asset manager’s stock worth $4,210,530,000 after purchasing an additional 4,373,955 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Ares Management by 26.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,705,599 shares of the asset manager’s stock worth $922,196,000 after buying an additional 1,187,174 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Ares Management by 55.7% in the 4th quarter. Geode Capital Management LLC now owns 5,489,004 shares of the asset manager’s stock valued at $883,716,000 after buying an additional 1,963,460 shares in the last quarter. Capital International Investors boosted its holdings in shares of Ares Management by 0.3% in the 4th quarter. Capital International Investors now owns 4,257,710 shares of the asset manager’s stock valued at $688,176,000 after buying an additional 14,516 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Ares Management by 4.4% in the 1st quarter. Principal Financial Group Inc. now owns 4,009,291 shares of the asset manager’s stock valued at $437,417,000 after buying an additional 169,598 shares during the last quarter. Institutional investors and hedge funds own 50.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ARES. Oppenheimer reissued an “outperform” rating and issued a $146.00 target price (down from $147.00) on shares of Ares Management in a report on Monday, May 4th. Zacks Research raised Ares Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. The Goldman Sachs Group reduced their price objective on Ares Management from $165.00 to $131.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. TD Cowen raised their target price on shares of Ares Management from $144.00 to $153.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. cut their target price 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. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $159.53.

Ares Management Stock Up 0.5%

Shares of Ares Management stock opened at $125.47 on Friday. The company has a market cap of $41.39 billion, a P/E ratio of 58.36, a PEG ratio of 1.11 and a beta of 1.51. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.23 and a current ratio of 0.23. Ares Management Corporation has a one year low of $95.80 and a one year high of $195.26. The firm has a fifty day moving average of $123.78 and a two-hundred day moving average of $127.12.

Ares Management (NYSE:ARES) last announced its quarterly earnings data on Friday, May 1st. The asset manager reported $1.24 EPS 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 during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the business earned $1.09 EPS. On average, analysts forecast that Ares Management Corporation will post 6.02 earnings per share for the current year.

Ares Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Tuesday, June 16th. Ares Management’s dividend payout ratio (DPR) is presently 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.