OP Asset Management Ltd Purchases New Stake in Ares Management Corporation $ARES

OP Asset Management Ltd purchased a new stake in shares of Ares Management Corporation (NYSE:ARES) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 38,138 shares of the asset manager’s stock, valued at approximately $4,161,000.

A number of other large investors have also added to or reduced their stakes in ARES. Osbon Capital Management LLC bought a new position in shares of Ares Management during the fourth quarter valued at about $32,000. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Ares Management in the fourth quarter worth about $42,000. Elyxium Wealth LLC purchased a new position in Ares Management during the 4th quarter valued at about $42,000. Summit Securities Group LLC purchased a new position in Ares Management during the 4th quarter valued at about $49,000. Finally, AlphaCentric Advisors LLC purchased a new position in Ares Management during the 4th quarter valued at about $62,000. Institutional investors own 50.03% of the company’s stock.

Ares Management Stock Performance

Shares of ARES opened at $109.19 on Friday. The company has a 50-day simple moving average of $123.48 and a two-hundred day simple moving average of $132.54. 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 firm has a market capitalization of $36.02 billion, a PE ratio of 50.79, a price-to-earnings-growth ratio of 0.99 and a beta of 1.51. Ares Management Corporation has a one year low of $95.80 and a one year high of $195.26.

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

Ares Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a $1.35 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $5.40 dividend on an annualized basis and a yield of 4.9%. Ares Management’s dividend payout ratio is 251.16%.

Analyst Ratings Changes

Several research firms have weighed in on ARES. Zacks Research upgraded Ares Management from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Barclays boosted their target price on Ares Management from $127.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Morgan Stanley decreased their target price on Ares Management from $178.00 to $163.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. TD Cowen raised their price target on Ares Management from $144.00 to $153.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ares Management in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.