Dynamic Advisor Solutions LLC Raises Holdings in Ares Management Corporation $ARES

Dynamic Advisor Solutions LLC boosted its position in Ares Management Corporation (NYSE:ARES) by 12.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,717 shares of the asset manager’s stock after acquiring an additional 5,853 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Ares Management were worth $5,979,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New York Life Investment Management LLC lifted its stake in shares of Ares Management by 1,033.1% in the 4th quarter. New York Life Investment Management LLC now owns 28,272 shares of the asset manager’s stock valued at $4,570,000 after purchasing an additional 25,777 shares in the last quarter. Osprey Private Wealth LLC increased its position in Ares Management by 25.6% during the 4th quarter. Osprey Private Wealth LLC now owns 64,530 shares of the asset manager’s stock worth $10,430,000 after purchasing an additional 13,165 shares in the last quarter. Vanguard Group Inc. increased its position in Ares Management by 20.2% during the 4th 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. M&T Bank Corp raised its holdings in Ares Management by 169.3% in the fourth quarter. M&T Bank Corp now owns 26,526 shares of the asset manager’s stock valued at $4,287,000 after buying an additional 16,677 shares during the period. Finally, Tredje AP fonden purchased a new position in Ares Management in the fourth quarter valued at approximately $3,753,000. 50.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ARES. TD Cowen lifted their price target on shares of Ares Management from $153.00 to $155.00 and gave the company a “buy” rating in a research report on Monday. Morgan Stanley set a $160.00 price objective on shares of Ares Management in a research report on Tuesday, July 21st. Oppenheimer raised their target price on shares of Ares Management from $140.00 to $151.00 and gave the company an “outperform” rating in a research note on Monday. Royal Bank Of Canada lifted their target price on shares of Ares Management from $162.00 to $168.00 and gave the company an “outperform” rating in a report on Monday. Finally, BMO Capital Markets increased their price target on Ares Management from $128.00 to $134.00 and gave the company a “market perform” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $159.73.

Ares Management Stock Down 1.2%

NYSE ARES opened at $138.05 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.96. Ares Management Corporation has a fifty-two week low of $95.80 and a fifty-two week high of $195.26. The business has a 50 day moving average price of $124.95 and a two-hundred day moving average price of $122.77. The stock has a market cap of $45.54 billion, a PE ratio of 63.33, a P/E/G ratio of 1.23 and a beta of 1.49.

Ares Management (NYSE:ARES) last posted its quarterly earnings data on Friday, July 31st. The asset manager reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. Ares Management had a net margin of 10.63% and a return on equity of 25.47%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the firm posted $1.03 earnings per share. The business’s quarterly revenue was up 5.8% on a year-over-year basis. As a group, sell-side analysts predict that Ares Management Corporation will post 5.95 EPS for the current fiscal year.

Ares Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a $1.35 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $5.40 dividend on an annualized basis and a yield of 3.9%. Ares Management’s payout ratio is currently 247.71%.

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.