Ares Management (NYSE:ARES) Reaches New 52-Week Low – Here’s Why

Ares Management Corporation (NYSE:ARES)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $105.78 and last traded at $107.9970, with a volume of 305487 shares traded. The stock had previously closed at $108.85.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Royal Bank Of Canada reduced their price objective on shares of Ares Management from $180.00 to $173.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Raymond James Financial raised Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 target price for the company in a research report on Monday, February 9th. Wall Street Zen cut Ares Management from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Deutsche Bank Aktiengesellschaft raised shares of Ares Management from a “hold” rating to a “buy” rating and reduced their target price for the company from $182.00 to $155.00 in a report on Friday, February 6th. Finally, Wolfe Research set a $210.00 target price on shares of Ares Management and gave the stock an “outperform” rating in a report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.67.

Ares Management Stock Performance

The stock has a market capitalization of $35.79 billion, a PE ratio of 64.28, a P/E/G ratio of 0.69 and a beta of 1.56. The firm has a fifty day moving average price of $143.93 and a two-hundred day moving average price of $155.76. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 1.22.

Ares Management (NYSE:ARES) last posted its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.26). The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.38 billion. Ares Management had a return on equity of 19.04% and a net margin of 9.41%.During the same period in the previous year, the company posted $0.55 EPS. Research analysts expect that Ares Management Corporation will post 5.28 EPS for the current year.

Ares Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 5.0%. This is a positive change from Ares Management’s previous quarterly dividend of $0.84. The ex-dividend date is Tuesday, March 17th. Ares Management’s dividend payout ratio (DPR) is 265.09%.

Insider Activity at Ares Management

In other news, Director Judy D. Olian acquired 480 shares of Ares Management stock in a transaction that occurred on Friday, February 20th. The stock was purchased at an average cost of $124.43 per share, with a total value of $59,726.40. Following the purchase, the director owned 29,734 shares in the company, valued at $3,699,801.62. This trade represents a 1.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ashish Bhutani acquired 10,000 shares of the business’s stock in a transaction on Friday, February 6th. The stock was acquired at an average price of $126.61 per share, with a total value of $1,266,100.00. Following the acquisition, the director owned 34,071 shares in the company, valued at $4,313,729.31. The trade was a 41.54% increase in their position. The SEC filing for this purchase provides additional information. 0.52% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ARES. Exchange Traded Concepts LLC raised its position in shares of Ares Management by 100.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 190 shares of the asset manager’s stock worth $30,000 after acquiring an additional 95 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in shares of Ares Management during the second quarter worth approximately $35,000. Redmont Wealth Advisors LLC acquired a new position in shares of Ares Management during the third quarter worth about $40,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Ares Management during the 4th quarter worth $42,000. Finally, Elyxium Wealth LLC acquired a new position in Ares Management during the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 50.03% of the company’s stock.

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.