Rothschild Wealth LLC Takes Position in Ares Management Corporation $ARES

Rothschild Wealth LLC bought a new stake in Ares Management Corporation (NYSE:ARES) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 37,591 shares of the asset manager’s stock, valued at approximately $6,076,000.

A number of other hedge funds also recently modified their holdings of ARES. Vanguard Group Inc. lifted its holdings in shares of Ares Management by 20.2% in the fourth quarter. Vanguard Group Inc. now owns 26,050,425 shares of the asset manager’s stock valued at $4,210,530,000 after purchasing an additional 4,373,955 shares in the last quarter. Norges Bank purchased a new stake in shares of Ares Management in the fourth quarter valued at $396,165,000. Geode Capital Management LLC lifted its holdings in shares of Ares Management by 55.7% in the fourth quarter. Geode Capital Management LLC now owns 5,489,004 shares of the asset manager’s stock valued at $883,716,000 after purchasing an additional 1,963,460 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Ares Management by 26.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,705,599 shares of the asset manager’s stock valued at $922,196,000 after purchasing an additional 1,187,174 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of Ares Management by 487.4% in the third quarter. Marshall Wace LLP now owns 912,656 shares of the asset manager’s stock valued at $145,925,000 after purchasing an additional 757,293 shares in the last quarter. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. TD Cowen reduced their target price on Ares Management from $148.00 to $144.00 and set a “buy” rating for the company in a report on Monday, May 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ares Management in a report on Tuesday, May 26th. The Goldman Sachs Group cut their price objective on Ares Management from $165.00 to $131.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. JPMorgan Chase & Co. cut their price objective on Ares Management from $188.00 to $144.00 and set an “overweight” rating for the company in a report on Tuesday, April 28th. Finally, Oppenheimer reiterated an “outperform” rating and set a $146.00 price objective (down from $147.00) on shares of Ares Management in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $162.56.

Ares Management Price Performance

Shares of NYSE:ARES opened at $135.24 on Wednesday. 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 Corporation has a 1 year low of $95.80 and a 1 year high of $195.26. The business has a fifty day simple moving average of $121.15 and a 200 day simple moving average of $134.54. The firm has a market cap of $44.61 billion, a price-to-earnings ratio of 62.90, a P/E/G ratio of 1.19 and a beta of 1.51.

Ares Management (NYSE:ARES) last announced its quarterly earnings data on Friday, May 1st. The asset manager reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate 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 prior year, the business posted $1.09 earnings per share. As a group, sell-side analysts predict that Ares Management Corporation will post 6.06 earnings per share for the current fiscal year.

Ares Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 4.0%. The ex-dividend date is Tuesday, June 16th. Ares Management’s dividend payout ratio (DPR) is 251.16%.

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.