Hamlin Capital Management LLC Buys 14,333 Shares of Ares Management Corporation $ARES

Hamlin Capital Management LLC boosted its stake in Ares Management Corporation (NYSE:ARES) by 1.5% during the second quarter, Holdings Channel reports. The institutional investor owned 959,634 shares of the asset manager’s stock after buying an additional 14,333 shares during the period. Ares Management comprises approximately 2.4% of Hamlin Capital Management LLC’s investment portfolio, making the stock its 25th biggest position. Hamlin Capital Management LLC’s holdings in Ares Management were worth $106,817,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. AQR Capital Management LLC lifted its position in Ares Management by 116.7% during the first quarter. AQR Capital Management LLC now owns 10,360 shares of the asset manager’s stock worth $1,519,000 after acquiring an additional 5,579 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Ares Management by 5.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,344 shares of the asset manager’s stock worth $197,000 after purchasing an additional 70 shares during the period. Empowered Funds LLC lifted its holdings in Ares Management by 42.7% during the 1st quarter. Empowered Funds LLC now owns 6,197 shares of the asset manager’s stock worth $909,000 after purchasing an additional 1,853 shares during the last quarter. Focus Partners Wealth lifted its holdings in Ares Management by 15.3% during the 1st quarter. Focus Partners Wealth now owns 1,902 shares of the asset manager’s stock worth $279,000 after purchasing an additional 252 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in Ares Management by 708.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 493 shares of the asset manager’s stock worth $72,000 after purchasing an additional 432 shares during the last quarter. 50.03% of the stock is owned by institutional investors.

Ares Management Trading Down 2.0%

ARES opened at $140.04 on Thursday. The company has a market cap of $46.19 billion, a P/E ratio of 64.24, a PEG ratio of 1.27 and a beta of 1.49. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.96. The company’s 50 day moving average is $124.71 and its 200-day moving average is $122.99. Ares Management Corporation has a 1-year low of $95.80 and a 1-year high of $195.26.

Ares Management (NYSE:ARES) last released its quarterly earnings data on Friday, July 31st. The asset manager reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Ares Management had a net margin of 10.63% and a return on equity of 25.47%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 EPS. Equities research analysts predict that Ares Management Corporation will post 5.97 earnings per share for the current fiscal year.

Ares Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $1.35 per share. The ex-dividend date is Wednesday, September 16th. This represents a $5.40 annualized dividend and a dividend yield of 3.9%. Ares Management’s dividend payout ratio is 247.71%.

Analyst Ratings Changes

A number of research analysts have commented on the company. JPMorgan Chase & Co. upped their price objective on Ares Management from $143.00 to $153.00 and gave the company an “overweight” rating in a report on Monday. Citigroup reissued a “market outperform” rating on shares of Ares Management in a research report on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $144.00 price target on shares of Ares Management in a research report on Monday. Wall Street Zen downgraded shares of Ares Management from a “hold” rating to a “sell” rating in a report on Saturday, July 4th. Finally, Morgan Stanley set a $160.00 target price on shares of Ares Management in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $159.73.

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.