Whipplewood Advisors LLC Invests $660,000 in Ares Management Corporation $ARES

Whipplewood Advisors LLC bought a new position in shares of Ares Management Corporation (NYSE:ARES) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,046 shares of the asset manager’s stock, valued at approximately $660,000.

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ARES shares. Royal Bank Of Canada reissued an “outperform” rating on shares of Ares Management in a report on Wednesday, April 29th. Oppenheimer reiterated an “outperform” rating and issued a $146.00 target price (down from $147.00) on shares of Ares Management in a research report on Monday, May 4th. Barclays cut their price target on shares of Ares Management from $140.00 to $139.00 and set an “overweight” rating on the stock in a report on Thursday. BMO Capital Markets reduced their price target on shares of Ares Management from $140.00 to $112.00 and set a “market perform” rating for the company in a research report on Tuesday, March 24th. Finally, The Goldman Sachs Group decreased their price objective on shares of Ares Management from $165.00 to $131.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Ares Management currently has an average rating of “Moderate Buy” and a consensus price target of $161.19.

Ares Management Stock Up 3.1%

Shares of ARES opened at $121.65 on Friday. The company has a market capitalization of $40.13 billion, a price-to-earnings ratio of 56.58, a PEG ratio of 1.04 and a beta of 1.51. Ares Management Corporation has a 52 week low of $95.80 and a 52 week high of $195.26. The stock’s 50-day moving average price is $123.48 and its 200-day moving average price is $128.76. 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 (NYSE:ARES) last announced its quarterly earnings results on Friday, May 1st. The asset manager reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.08). Ares Management had a net margin of 10.54% and a return on equity of 22.14%. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the prior year, the business posted $1.09 earnings per share. On average, sell-side analysts predict that Ares Management Corporation will post 6.04 EPS for the current year.

Ares Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Tuesday, June 16th. Ares Management’s payout ratio is currently 251.16%.

Ares Management Company 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.