20,003 Ares Management Corporation $ARES Shares Purchased by Trillium Asset Management LLC

Trillium Asset Management LLC lifted its stake in Ares Management Corporation (NYSE:ARES) by 11.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 200,313 shares of the asset manager’s stock after buying an additional 20,003 shares during the quarter. Trillium Asset Management LLC owned about 0.06% of Ares Management worth $23,271,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vulcan Value Partners LLC raised its stake in Ares Management by 12.5% during the 2nd quarter. Vulcan Value Partners LLC now owns 1,902,580 shares of the asset manager’s stock worth $211,776,000 after acquiring an additional 211,404 shares during the period. Janus Henderson Group PLC increased its stake in shares of Ares Management by 43.8% in the first quarter. Janus Henderson Group PLC now owns 1,653,078 shares of the asset manager’s stock worth $180,343,000 after purchasing an additional 503,688 shares in the last quarter. Curated Wealth Partners LLC increased its stake in shares of Ares Management by 968.3% in the third quarter. Curated Wealth Partners LLC now owns 1,450,854 shares of the asset manager’s stock worth $168,546,000 after purchasing an additional 1,315,043 shares in the last quarter. Hamlin Capital Management LLC increased its stake in shares of Ares Management by 6.6% in the third quarter. Hamlin Capital Management LLC now owns 1,022,899 shares of the asset manager’s stock worth $118,830,000 after purchasing an additional 63,265 shares in the last quarter. Finally, ICG Advisors LLC bought a new stake in shares of Ares Management during the 3rd quarter valued at $98,392,000. 50.03% of the stock is owned by hedge funds and other institutional investors.

Ares Management Price Performance

Shares of NYSE:ARES traded up $1.43 during midday trading on Friday, reaching $134.72. 1,781,686 shares of the company were exchanged, compared to its average volume of 2,297,424. The company has a current ratio of 0.27, a quick ratio of 0.26 and a debt-to-equity ratio of 1.11. The business’s fifty day moving average is $124.76 and its two-hundred day moving average is $123.92. Ares Management Corporation has a one year low of $95.80 and a one year high of $181.19. The stock has a market cap of $44.49 billion, a PE ratio of 108.65, a price-to-earnings-growth ratio of 1.19 and a beta of 1.49.

Ares Management (NYSE:ARES) last announced its quarterly earnings results on Thursday, October 29th. The asset manager reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.01. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.24 billion. Ares Management had a net margin of 7.51% and a return on equity of 25.81%. Ares Management’s revenue for the quarter was down 13.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.15 EPS. As a group, analysts predict that Ares Management Corporation will post 5.70 earnings per share for the current year.

Ares Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 17th will be given a dividend of $1.35 per share. The ex-dividend date is Thursday, December 17th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.0%. Ares Management’s dividend payout ratio (DPR) is presently 435.48%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ARES shares. The Goldman Sachs Group dropped their target price on shares of Ares Management from $145.00 to $139.00 and set a “buy” rating for the company in a report on Friday, October 2nd. BMO Capital Markets cut their price target on Ares Management from $134.00 to $130.00 and set a “market perform” rating for the company in a research note on Tuesday, October 27th. Bank of America decreased their price target on Ares Management from $160.00 to $156.00 in a report on Monday, October 5th. Jefferies Financial Group lowered their price objective on Ares Management from $144.00 to $132.00 and set a “hold” rating on the stock in a research report on Tuesday, October 6th. Finally, Wells Fargo & Company boosted their price objective on Ares Management from $136.00 to $141.00 and gave the company an “overweight” rating in a research report on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $146.21.

About Ares Management

Ares Management Corporation is a global alternative investment manager that provides investment solutions across credit, private equity, real estate and infrastructure. Its strategies include direct lending, liquid and opportunistic credit, asset-based finance, private equity investing, and real estate debt and equity. Founded in 1997, the firm serves institutional and individual investors through investment funds and other vehicles. Ares operates across North America, Europe and the Asia-Pacific region.