TritonPoint Partners LLC Buys Shares of 5,019 Ares Management Corporation $ARES

TritonPoint Partners LLC bought a new stake in Ares Management Corporation (NYSE:ARES) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,019 shares of the asset manager’s stock, valued at approximately $811,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Ares Management by 20.2% during the fourth quarter. Vanguard Group Inc. now owns 26,050,425 shares of the asset manager’s stock worth $4,210,530,000 after purchasing an additional 4,373,955 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Ares Management by 26.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,705,599 shares of the asset manager’s stock worth $922,196,000 after purchasing an additional 1,187,174 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Ares Management by 55.7% during the fourth quarter. Geode Capital Management LLC now owns 5,489,004 shares of the asset manager’s stock worth $883,716,000 after purchasing an additional 1,963,460 shares in the last quarter. Capital International Investors lifted its position in shares of Ares Management by 0.3% during the fourth quarter. Capital International Investors now owns 4,257,710 shares of the asset manager’s stock worth $688,176,000 after purchasing an additional 14,516 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Ares Management by 8.6% during the fourth quarter. Principal Financial Group Inc. now owns 3,839,693 shares of the asset manager’s stock worth $620,616,000 after purchasing an additional 304,920 shares in the last quarter. Institutional investors and hedge funds own 50.03% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ARES shares. The Goldman Sachs Group reduced their price target on shares of Ares Management from $165.00 to $131.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Ares Management in a research report on Tuesday, May 26th. Wall Street Zen raised shares of Ares Management from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. Royal Bank Of Canada reissued an “outperform” rating on shares of Ares Management in a research report on Wednesday, April 29th. Finally, Citizens Jmp reduced their price target on shares of Ares Management from $205.00 to $190.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Ares Management presently has an average rating of “Moderate Buy” and an average target price of $162.56.

Ares Management Stock Up 0.1%

ARES stock opened at $134.98 on Monday. The company’s 50 day moving average price is $119.83 and its 200 day moving average price is $134.80. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.23 and a current ratio of 0.23. Ares Management Corporation has a fifty-two week low of $95.80 and a fifty-two week high of $195.26. The firm has a market capitalization of $44.52 billion, a price-to-earnings ratio of 62.78, a PEG ratio of 1.18 and a beta of 1.51.

Ares Management (NYSE:ARES) last released its earnings results on Friday, May 1st. The asset manager reported $1.24 earnings per share 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 firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the company posted $1.09 earnings per share. On average, equities research analysts anticipate that Ares Management Corporation will post 6.06 EPS for the current fiscal year.

Ares Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Tuesday, June 16th. Ares Management’s dividend payout ratio is presently 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.