Kingsview Wealth Management LLC Purchases New Position in Ares Management Corporation $ARES

Kingsview Wealth Management LLC purchased a new stake in Ares Management Corporation (NYSE:ARES) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 21,770 shares of the asset manager’s stock, valued at approximately $3,519,000.

Several other large investors have also made changes to their positions in the company. Vulcan Value Partners LLC boosted its position in Ares Management by 10.6% during the third quarter. Vulcan Value Partners LLC now owns 1,350,249 shares of the asset manager’s stock worth $215,785,000 after purchasing an additional 129,368 shares during the period. Hudson Bay Capital Management LP boosted its position in Ares Management by 1,903.9% during the third quarter. Hudson Bay Capital Management LP now owns 60,717 shares of the asset manager’s stock worth $9,708,000 after purchasing an additional 57,687 shares during the period. Quilter Plc boosted its position in Ares Management by 5.6% during the fourth quarter. Quilter Plc now owns 704,069 shares of the asset manager’s stock worth $113,799,000 after purchasing an additional 37,366 shares during the period. CI Investments Inc. boosted its position in Ares Management by 35,425.5% during the third quarter. CI Investments Inc. now owns 221,679 shares of the asset manager’s stock worth $35,444,000 after purchasing an additional 221,055 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Ares Management during the third quarter worth approximately $2,971,000. Institutional investors own 50.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft raised Ares Management from a “hold” rating to a “buy” rating and decreased their target price for the stock from $182.00 to $155.00 in a research report on Friday, February 6th. Citizens Jmp decreased their target price on Ares Management from $205.00 to $190.00 and set a “market outperform” rating for the company in a research report on Wednesday, April 22nd. TD Cowen decreased their target price on Ares Management from $148.00 to $144.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Barclays upped their target price on Ares Management from $127.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Finally, JPMorgan Chase & Co. decreased their target price on Ares Management from $188.00 to $144.00 and set an “overweight” rating for the company in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $162.56.

Ares Management Trading Up 2.2%

Shares of ARES stock opened at $128.75 on Friday. Ares Management Corporation has a 1 year low of $95.80 and a 1 year high of $195.26. The firm’s fifty day simple moving average is $115.44 and its 200 day simple moving average is $136.22. The firm has a market capitalization of $42.47 billion, a P/E ratio of 59.89, a price-to-earnings-growth ratio of 1.13 and a beta of 1.50. 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 announced its earnings results on Friday, May 1st. The asset manager reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). Ares Management had a return on equity of 22.14% and a net margin of 10.54%.The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the firm posted $1.09 EPS. As a group, sell-side analysts predict that Ares Management Corporation will post 6.06 EPS for the current year.

Ares Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $5.40 dividend on an annualized basis and a yield of 4.2%. Ares Management’s payout ratio is 251.16%.

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.