Key Points
- Director Judy Olian purchased 480 ARES shares at $124.43 on Feb 20, increasing her stake by 1.64% to 29,734 shares (disclosed on an SEC Form 4).
- Dividend raised to $1.35 quarterly (from $0.84), payable Mar 31, implying a $5.40 annualized payout and a 4.6% yield but a high payout ratio of 265.09%.
- Ares reported $1.45 EPS for the quarter (missing the $1.71 estimate) while revenue beat at $1.50B; analysts carry a "Moderate Buy" consensus with an average price target of $182.67.
Ares Management Corporation (NYSE:ARES - Get Free Report) Director Judy Olian purchased 480 shares of the stock in a transaction on Friday, February 20th. The stock was acquired at an average price of $124.43 per share, with a total value of $59,726.40. Following the completion of the acquisition, the director directly owned 29,734 shares of the company's stock, valued at approximately $3,699,801.62. This represents a 1.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Ares Management Trading Up 2.2%
NYSE:ARES opened at $117.12 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.22 and a quick ratio of 0.22. The business's 50-day simple moving average is $153.71 and its 200-day simple moving average is $160.33. Ares Management Corporation has a fifty-two week low of $110.63 and a fifty-two week high of $195.26. The stock has a market capitalization of $38.28 billion, a PE ratio of 69.30, a price-to-earnings-growth ratio of 0.69 and a beta of 1.52.
Ares Management (NYSE:ARES - Get Free Report) last announced its earnings results on Thursday, February 5th. The asset manager reported $1.45 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.26). The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.38 billion. Ares Management had a return on equity of 19.26% and a net margin of 9.41%.During the same quarter last year, the business posted $0.55 earnings per share. Sell-side analysts expect that Ares Management Corporation will post 5.28 earnings per share for the current fiscal year.
Ares Management Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a $1.35 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $5.40 annualized dividend and a yield of 4.6%. This is an increase from Ares Management's previous quarterly dividend of $0.84. Ares Management's payout ratio is presently 265.09%.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the stock. Exchange Traded Concepts LLC boosted its holdings in shares of Ares Management by 100.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 190 shares of the asset manager's stock valued at $30,000 after buying an additional 95 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Ares Management during the second quarter worth $35,000. Redmont Wealth Advisors LLC bought a new stake in Ares Management during the third quarter worth $40,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in Ares Management in the fourth quarter valued at $42,000. Finally, Elyxium Wealth LLC bought a new position in shares of Ares Management in the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 50.03% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on ARES shares. TD Cowen reissued a "buy" rating on shares of Ares Management in a research note on Wednesday, January 14th. Morgan Stanley set a $178.00 target price on Ares Management in a research note on Tuesday, January 27th. Wolfe Research set a $210.00 price target on Ares Management and gave the stock an "outperform" rating in a research report on Wednesday, January 7th. The Goldman Sachs Group lowered their price objective on shares of Ares Management from $189.00 to $165.00 and set a "buy" rating on the stock in a report on Friday, February 6th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Ares Management from $188.00 to $189.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $182.67.
Get Our Latest Stock Report on ARES
About Ares Management
(
Get Free Report)
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.
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