Chicago Partners Investment Group LLC Buys 5,300 Shares of Ares Management Corporation $ARES

Chicago Partners Investment Group LLC raised its stake in Ares Management Corporation (NYSE:ARES) by 20.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,236 shares of the asset manager’s stock after buying an additional 5,300 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Ares Management were worth $3,781,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Citizens Financial Group Inc. RI grew its holdings in Ares Management by 9.1% during the first quarter. Citizens Financial Group Inc. RI now owns 8,008 shares of the asset manager’s stock valued at $874,000 after purchasing an additional 669 shares during the period. Fifth Third Bancorp raised its holdings in Ares Management by 174.5% in the first quarter. Fifth Third Bancorp now owns 48,612 shares of the asset manager’s stock worth $5,304,000 after purchasing an additional 30,903 shares during the period. Granite Bay Wealth Management LLC raised its holdings in Ares Management by 44.5% in the first quarter. Granite Bay Wealth Management LLC now owns 44,832 shares of the asset manager’s stock worth $4,903,000 after purchasing an additional 13,805 shares during the period. Candriam S.C.A. raised its holdings in Ares Management by 7.6% in the first quarter. Candriam S.C.A. now owns 15,419 shares of the asset manager’s stock worth $1,682,000 after purchasing an additional 1,083 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its position in shares of Ares Management by 23.7% during the first quarter. Sequoia Financial Advisors LLC now owns 7,635 shares of the asset manager’s stock worth $833,000 after purchasing an additional 1,464 shares in the last quarter. Institutional investors own 50.03% of the company’s stock.

Ares Management Price Performance

ARES stock opened at $120.39 on Tuesday. The stock has a 50-day moving average price of $123.76 and a two-hundred day moving average price of $128.08. Ares Management Corporation has a 1 year low of $95.80 and a 1 year high of $195.26. The stock has a market cap of $39.71 billion, a PE ratio of 55.99, a price-to-earnings-growth ratio of 1.08 and a beta of 1.51. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.96.

Ares Management (NYSE:ARES) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $1.28 billion. Ares Management had a net margin of 10.54% and a return on equity of 22.14%. During the same quarter last year, the firm earned $1.09 earnings per share. Equities analysts forecast that Ares Management Corporation will post 6.03 EPS for the current fiscal year.

Ares Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $5.40 dividend on an annualized basis and a yield of 4.5%. Ares Management’s dividend payout ratio is 251.16%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. TD Cowen boosted their price target on shares of Ares Management from $144.00 to $153.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Zacks Research raised Ares Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Citizens Jmp reduced their target price on Ares Management from $190.00 to $160.00 and set a “market outperform” rating on the stock in a report on Thursday, July 9th. The Goldman Sachs Group decreased their target price on Ares Management from $165.00 to $131.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Finally, Citigroup restated an “outperform” rating on shares of Ares Management in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $159.53.

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.