MUFG Securities EMEA plc Takes $1.37 Million Position in Ares Management Corporation $ARES

MUFG Securities EMEA plc purchased a new stake in Ares Management Corporation (NYSE:ARES) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,445 shares of the asset manager’s stock, valued at approximately $1,365,000.

Other large investors have also recently modified their holdings of the company. Redmont Wealth Advisors LLC purchased a new stake in shares of Ares Management in the third quarter valued at approximately $40,000. Atlantic Edge Private Wealth Management LLC bought a new stake in Ares Management during the fourth quarter valued at about $42,000. Elyxium Wealth LLC bought a new stake in Ares Management during the fourth quarter valued at about $42,000. Washington Trust Advisors Inc. bought a new stake in Ares Management during the third quarter valued at about $50,000. Finally, Leonteq Securities AG bought a new stake in Ares Management during the fourth quarter valued at about $70,000. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Ares Management Price Performance

Shares of ARES opened at $128.18 on Wednesday. The firm has a market capitalization of $42.28 billion, a PE ratio of 59.62, a price-to-earnings-growth ratio of 1.13 and a beta of 1.51. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.23 and a quick ratio of 0.23. Ares Management Corporation has a 1-year low of $95.80 and a 1-year high of $195.26. The company’s fifty day moving average price is $115.85 and its 200-day moving average price is $135.92.

Ares Management (NYSE:ARES) last announced its quarterly earnings data 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). The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Ares Management had a net margin of 10.54% and a return on equity of 22.14%. During the same period last year, the firm earned $1.09 earnings per share. On average, equities research analysts predict that Ares Management Corporation will post 6.06 EPS for the current year.

Ares Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, June 16th. Ares Management’s dividend payout ratio is presently 251.16%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Raymond James Financial raised Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 price objective on the stock in a research report on Monday, February 9th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ares Management in a research report on Wednesday, April 29th. Zacks Research raised Ares Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. The Goldman Sachs Group reduced their price target on Ares Management from $165.00 to $131.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Finally, Citizens Jmp reduced their price target on 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 assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Ares Management has a consensus rating of “Moderate Buy” and a consensus price target of $162.56.

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.