Estuary Capital Management LP Invests $35.83 Million in Ares Management Corporation $ARES

Estuary Capital Management LP purchased a new position in shares of Ares Management Corporation (NYSE:ARES) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 328,411 shares of the asset manager’s stock, valued at approximately $35,830,000. Ares Management comprises about 6.0% of Estuary Capital Management LP’s holdings, making the stock its 6th largest holding.

Other large investors have also bought and sold shares of the company. Osbon Capital Management LLC bought a new stake in shares of Ares Management during the 4th quarter valued at $32,000. Atlantic Edge Private Wealth Management LLC bought a new position in shares of Ares Management in the 4th quarter worth $42,000. Elyxium Wealth LLC bought a new position in shares of Ares Management in the 4th quarter worth $42,000. Summit Securities Group LLC acquired a new stake in shares of Ares Management during the fourth quarter worth $49,000. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in shares of Ares Management during the first quarter worth $55,000. 50.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wall Street Zen lowered Ares Management from a “hold” rating to a “sell” rating in a research note on Saturday, July 4th. Morgan Stanley set a $160.00 target price on Ares Management in a research report on Tuesday, July 21st. Citizens Jmp lowered their price target on Ares Management from $190.00 to $160.00 and set a “market outperform” rating for the company in a research note on Thursday, July 9th. Zacks Research upgraded shares of Ares Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Ares Management in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Ares Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.93.

Ares Management Stock Up 1.1%

NYSE:ARES opened at $127.85 on Tuesday. Ares Management Corporation has a 1 year low of $95.80 and a 1 year high of $195.26. The stock has a 50-day moving average price of $123.57 and a two-hundred day moving average price of $124.96. The stock has a market cap of $42.17 billion, a price-to-earnings ratio of 59.46, a PEG ratio of 1.13 and a beta of 1.51. 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 released its quarterly earnings results on Friday, May 1st. The asset manager reported $1.24 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 business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the business earned $1.09 EPS. As a group, equities analysts expect that Ares Management Corporation will post 5.98 earnings per share for the current year.

Ares Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 4.2%. The ex-dividend date was Tuesday, June 16th. Ares Management’s dividend payout ratio (DPR) is 251.16%.

Ares Management 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.