Partners Group Holding AG Has $57.84 Million Holdings in Ares Management Corporation $ARES

Partners Group Holding AG grew its stake in Ares Management Corporation (NYSE:ARES) by 2.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 361,723 shares of the asset manager’s stock after acquiring an additional 8,213 shares during the period. Ares Management accounts for approximately 3.2% of Partners Group Holding AG’s investment portfolio, making the stock its 7th biggest holding. Partners Group Holding AG’s holdings in Ares Management were worth $57,836,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. AQR Capital Management LLC raised its holdings in Ares Management by 116.7% in the 1st quarter. AQR Capital Management LLC now owns 10,360 shares of the asset manager’s stock valued at $1,519,000 after acquiring an additional 5,579 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew 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 purchasing an additional 70 shares during the last quarter. Empowered Funds LLC increased its position 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 buying an additional 1,853 shares during the period. Focus Partners Wealth increased its position in Ares Management by 15.3% during the first quarter. Focus Partners Wealth now owns 1,902 shares of the asset manager’s stock worth $279,000 after acquiring an additional 252 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Ares Management by 708.2% during the first 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 period. Institutional investors own 50.03% of the company’s stock.

Wall Street Analysts Forecast Growth

ARES has been the topic of a number of analyst reports. Barclays reduced their price target on Ares Management from $222.00 to $190.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Oppenheimer cut their target price on Ares Management from $224.00 to $215.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Raymond James Financial upgraded Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 price target on the stock in a research report on Monday, February 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ares Management in a research report on Monday, December 29th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Ares Management from $188.00 to $189.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $182.67.

Insider Buying and Selling at Ares Management

In other news, Director Ashish Bhutani bought 10,000 shares of the stock in a transaction on Friday, February 6th. The stock was acquired at an average price of $126.61 per share, with a total value of $1,266,100.00. Following the acquisition, the director directly owned 34,071 shares in the company, valued at approximately $4,313,729.31. This trade represents a 41.54% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Judy D. Olian bought 480 shares of the company’s stock in a transaction on Friday, February 20th. The stock was purchased at an average price of $124.43 per share, with a total value of $59,726.40. Following the completion of the transaction, the director directly owned 29,734 shares of the company’s stock, valued at approximately $3,699,801.62. The trade was a 1.64% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 36.86% of the company’s stock.

Ares Management Price Performance

Shares of ARES stock opened at $119.25 on Thursday. Ares Management Corporation has a twelve month low of $110.63 and a twelve month high of $195.26. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.62. The business has a fifty day simple moving average of $152.72 and a 200 day simple moving average of $160.04. The company has a market cap of $38.98 billion, a P/E ratio of 70.56, a P/E/G ratio of 0.71 and a beta of 1.52.

Ares Management (NYSE:ARES) last posted its earnings results on Thursday, February 5th. The asset manager reported $1.45 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.26). Ares Management had a return on equity of 19.26% and a net margin of 9.41%.The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the company posted $0.55 EPS. On average, sell-side analysts forecast that Ares Management Corporation will post 5.28 EPS 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 paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, March 17th. This is a positive change from Ares Management’s previous quarterly dividend of $0.84. Ares Management’s payout ratio is currently 265.09%.

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.