Odyssean LLC Makes New $2.45 Million Investment in Ares Management Corporation $ARES

Odyssean LLC purchased a new stake in shares of Ares Management Corporation (NYSE:ARES) during the second quarter, Holdings Channel reports. The fund purchased 22,037 shares of the asset manager’s stock, valued at approximately $2,453,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ARES. Triumph Capital Management raised its holdings in Ares Management by 127.3% in the 2nd quarter. Triumph Capital Management now owns 250 shares of the asset manager’s stock valued at $28,000 after buying an additional 140 shares during the last quarter. Osbon Capital Management LLC bought a new stake in Ares Management during the 4th quarter worth approximately $32,000. Elyxium Wealth LLC acquired a new position in Ares Management in the 4th quarter valued at approximately $42,000. Summit Securities Group LLC bought a new position in shares of Ares Management during the fourth quarter valued at $49,000. Finally, Western Wealth Management LLC bought a new position in shares of Ares Management during the first quarter valued at $50,000. 50.03% of the stock is currently owned by institutional investors.

Ares Management Price Performance

Shares of NYSE:ARES opened at $140.28 on Friday. Ares Management Corporation has a twelve month low of $95.80 and a twelve month high of $186.85. The firm has a market capitalization of $46.33 billion, a price-to-earnings ratio of 64.35, a PEG ratio of 1.22 and a beta of 1.49. The stock’s 50 day moving average is $131.20 and its 200-day moving average is $122.34. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 1.00.

Ares Management (NYSE:ARES) last issued its quarterly earnings data on Friday, July 31st. The asset manager reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. Ares Management had a net margin of 10.63% and a return on equity of 25.42%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the company earned $1.03 earnings per share. The business’s revenue was up 5.8% on a year-over-year basis. Sell-side analysts forecast that Ares Management Corporation will post 5.94 EPS for the current fiscal year.

Ares Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, September 16th. Ares Management’s payout ratio is currently 247.71%.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on Ares Management from $143.00 to $153.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Citizens Jmp lowered their price objective on Ares Management from $190.00 to $160.00 and set a “market outperform” rating for the company in a research report on Thursday, July 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ares Management in a report on Friday, August 21st. Morgan Stanley set a $160.00 price target on shares of Ares Management in a research report on Tuesday, July 21st. Finally, Citigroup reissued a “market outperform” rating on shares of Ares Management in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $160.47.

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.