Dearborn Partners LLC Makes New $11.10 Million Investment in Ares Management Corporation $ARES

Dearborn Partners LLC acquired a new position in shares of Ares Management Corporation (NYSE:ARES) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 101,744 shares of the asset manager’s stock, valued at approximately $11,100,000.

Several other hedge funds also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Ares Management by 5.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,344 shares of the asset manager’s stock valued at $197,000 after acquiring an additional 70 shares during the last quarter. Wedbush Securities Inc. raised its holdings in Ares Management by 4.2% during the fourth quarter. Wedbush Securities Inc. now owns 2,030 shares of the asset manager’s stock worth $328,000 after acquiring an additional 81 shares in the last quarter. First Manhattan CO. LLC. boosted its position in Ares Management by 0.5% during the fourth quarter. First Manhattan CO. LLC. now owns 17,634 shares of the asset manager’s stock valued at $2,850,000 after purchasing an additional 89 shares during the last quarter. Root Financial Partners LLC boosted its position in Ares Management by 17.8% during the fourth quarter. Root Financial Partners LLC now owns 642 shares of the asset manager’s stock valued at $104,000 after purchasing an additional 97 shares during the last quarter. Finally, Marks Group Wealth Management Inc grew its stake in Ares Management by 7.3% in the fourth quarter. Marks Group Wealth Management Inc now owns 1,522 shares of the asset manager’s stock valued at $246,000 after purchasing an additional 103 shares in the last quarter. Institutional investors own 50.03% of the company’s stock.

Ares Management Price Performance

Shares of NYSE ARES opened at $140.04 on Tuesday. The business’s 50 day moving average price is $127.86 and its two-hundred day moving average price is $121.77. The company has a market cap of $46.25 billion, a PE ratio of 64.24, a price-to-earnings-growth ratio of 1.22 and a beta of 1.49. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 1.00. Ares Management Corporation has a twelve month low of $95.80 and a twelve month high of $186.85.

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, beating analysts’ consensus estimates of $1.28 by $0.01. Ares Management had a return on equity of 25.42% and a net margin of 10.63%.The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the firm posted $1.03 earnings per share. The business’s revenue was up 5.8% on a year-over-year basis. On average, analysts predict that Ares Management Corporation will post 5.94 EPS for the current year.

Ares Management Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on ARES. Morgan Stanley set a $160.00 price target on Ares Management in a research report on Tuesday, July 21st. Barclays decreased their target price on shares of Ares Management from $140.00 to $139.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Wall Street Zen downgraded shares of Ares Management from a “hold” rating to a “sell” rating in a report on Saturday, July 4th. Zacks Research upgraded shares of Ares Management from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of Ares Management from $143.00 to $153.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.