Healthcare of Ontario Pension Plan Trust Fund Has $37.43 Million Holdings in Ares Management Corporation $ARES

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Ares Management Corporation (NYSE:ARES) by 4,113.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 343,116 shares of the asset manager’s stock after acquiring an additional 334,973 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Ares Management were worth $37,434,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Osbon Capital Management LLC bought a new position in shares of Ares Management in the 4th quarter valued at approximately $32,000. Atlantic Edge Private Wealth Management LLC bought a new stake in Ares Management during the fourth quarter worth approximately $42,000. Elyxium Wealth LLC bought a new stake in Ares Management during the fourth quarter worth approximately $42,000. Summit Securities Group LLC acquired a new position in Ares Management during the fourth quarter valued at approximately $49,000. Finally, Cassaday & Co Wealth Management LLC acquired a new position in Ares Management during the first quarter valued at approximately $55,000. Institutional investors and hedge funds own 50.03% of the company’s stock.

Ares Management Stock Performance

Shares of NYSE ARES opened at $126.37 on Monday. Ares Management Corporation has a 12 month low of $95.80 and a 12 month high of $195.26. The company has a market cap of $41.68 billion, a P/E ratio of 58.78, a P/E/G ratio of 1.13 and a beta of 1.51. The business’s 50 day moving average is $123.48 and its two-hundred day moving average is $125.30. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.96.

Ares Management (NYSE:ARES) last posted its quarterly earnings data on Friday, May 1st. The asset manager reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.08). The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate 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 in the prior year, the company posted $1.09 earnings per share. On average, equities analysts expect that Ares Management Corporation will post 5.98 EPS for the current year.

Ares Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 4.3%. The ex-dividend date was Tuesday, June 16th. Ares Management’s dividend payout ratio is presently 251.16%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wall Street Zen cut shares of Ares Management from a “hold” rating to a “sell” rating in a research note on Saturday, July 4th. Citigroup reiterated an “outperform” rating on shares of Ares Management in a research note on Thursday, July 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ares Management in a report on Tuesday, May 26th. The Goldman Sachs Group dropped their target price on shares of Ares Management from $165.00 to $131.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Finally, TD Cowen upped their price target on shares of Ares Management from $144.00 to $153.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. 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. Based on data from MarketBeat.com, Ares Management has a consensus rating of “Moderate Buy” and a consensus price target of $158.93.

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.