Pacer Advisors Inc. Raises Stock Position in Ares Management Corporation $ARES

Pacer Advisors Inc. increased its position in shares of Ares Management Corporation (NYSE:ARES) by 269,116.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,153 shares of the asset manager’s stock after purchasing an additional 16,147 shares during the quarter. Pacer Advisors Inc.’s holdings in Ares Management were worth $2,611,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Hudson Bay Capital Management LP lifted its holdings in shares of Ares Management by 1,903.9% in the third quarter. Hudson Bay Capital Management LP now owns 60,717 shares of the asset manager’s stock valued at $9,708,000 after purchasing an additional 57,687 shares in the last quarter. Quilter Plc increased its stake in shares of Ares Management by 5.6% during the 4th quarter. Quilter Plc now owns 704,069 shares of the asset manager’s stock worth $113,799,000 after purchasing an additional 37,366 shares in the last quarter. CI Investments Inc. raised its position in shares of Ares Management by 35,425.5% during the 3rd quarter. CI Investments Inc. now owns 221,679 shares of the asset manager’s stock worth $35,444,000 after purchasing an additional 221,055 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Ares Management during the 3rd quarter worth approximately $2,971,000. Finally, New York Life Investment Management LLC lifted its stake in 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 buying an additional 25,777 shares in the last quarter. 50.03% of the stock is currently owned by hedge funds and other institutional investors.

Ares Management Stock Down 3.7%

ARES opened at $121.28 on Wednesday. Ares Management Corporation has a 12 month low of $95.80 and a 12 month high of $195.26. The business has a 50-day moving average of $123.54 and a two-hundred day moving average of $133.42. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a market capitalization of $40.00 billion, a price-to-earnings ratio of 56.41, a price-to-earnings-growth ratio of 1.10 and a beta of 1.51.

Ares Management (NYSE:ARES) last released its quarterly earnings data on Friday, May 1st. The asset manager reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.28 billion. Ares Management had a return on equity of 22.14% and a net margin of 10.54%.During the same quarter in the previous year, the company earned $1.09 earnings per share. On average, research analysts expect that Ares Management Corporation will post 6.06 earnings per share for the current year.

Ares Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a dividend of $1.35 per share. The ex-dividend date is Tuesday, June 16th. This represents a $5.40 annualized dividend and a dividend yield of 4.5%. Ares Management’s dividend payout ratio (DPR) is currently 251.16%.

Analysts Set New Price Targets

A number of research firms recently commented on ARES. BMO Capital Markets decreased their price objective on Ares Management from $140.00 to $112.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 24th. Wall Street Zen upgraded shares of Ares Management from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Oppenheimer reaffirmed an “outperform” rating and set a $146.00 price target (down from $147.00) on shares of Ares Management in a research note on Monday, May 4th. The Goldman Sachs Group lowered their price target on shares of Ares Management from $165.00 to $131.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Ares Management in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Ares Management presently has a consensus rating of “Moderate Buy” and an average price target of $163.12.

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.