NEOS Investment Management LLC Grows Position in Ares Management Corporation $ARES

NEOS Investment Management LLC lifted its position in Ares Management Corporation (NYSE:ARES) by 13.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 32,735 shares of the asset manager’s stock after purchasing an additional 3,908 shares during the period. NEOS Investment Management LLC’s holdings in Ares Management were worth $3,644,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ARES. Triumph Capital Management grew 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 worth $28,000 after acquiring an additional 140 shares during the last quarter. Osbon Capital Management LLC purchased a new position in shares of Ares Management in the fourth quarter valued at about $32,000. Elyxium Wealth LLC bought a new position in shares of Ares Management during the fourth quarter valued at about $42,000. Summit Securities Group LLC bought a new position in shares of Ares Management during the fourth quarter valued at about $49,000. Finally, Western Wealth Management LLC purchased a new stake in shares of Ares Management during the first quarter worth about $50,000. 50.03% of the stock is owned by hedge funds and other institutional investors.

Ares Management Price Performance

Shares of NYSE ARES opened at $140.28 on Monday. Ares Management Corporation has a 1 year low of $95.80 and a 1 year high of $186.85. The stock has a market capitalization of $46.33 billion, a P/E ratio of 64.35, a P/E/G ratio of 1.21 and a beta of 1.49. The company’s 50-day moving average is $131.20 and its 200 day moving average is $122.26. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.26 and a quick ratio of 0.26.

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

Ares Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Wednesday, September 16th. Ares Management’s dividend payout ratio (DPR) is presently 247.71%.

Analysts Set New Price Targets

Several research firms recently issued reports on ARES. Citizens Jmp cut their target price on Ares Management from $190.00 to $160.00 and set a “market outperform” rating on the stock in a research note on Thursday, July 9th. TD Cowen upped their price target on Ares Management from $153.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. BMO Capital Markets increased their price objective on Ares Management from $128.00 to $134.00 and gave the stock a “market perform” rating in a report on Monday, August 3rd. Citigroup reiterated a “market outperform” rating on shares of Ares Management in a research report on Monday, August 3rd. Finally, Oppenheimer boosted their target price on Ares Management from $151.00 to $162.00 and gave the company an “outperform” rating in a research note on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Ares Management currently has a consensus rating of “Moderate Buy” and an average target price of $160.47.

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.