100,000 Shares in Ares Management Corporation $ARES Bought by Caz Investments LP

Key Points

• Caz Investments LP bought 100,000 shares of Ares Management in the second quarter, valued at approximately $11.1 million. The position represents about 2.2% of the fund’s holdings and is its sixth-largest investment.
• Ares reported quarterly revenue of $1.43 billion and earnings of $1.29 per share, slightly exceeding analyst estimates; revenue increased 5.8% year over year.
• Analysts give Ares an overall “Moderate Buy” rating with an average price target of $160.47. The company also announced a quarterly dividend of $1.35 per share, representing a 3.8% yield.

Caz Investments LP acquired a new position in shares of Ares Management Corporation (NYSE:ARES - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 100,000 shares of the asset manager's stock, valued at approximately $11,131,000. Ares Management accounts for about 2.2% of Caz Investments LP's holdings, making the stock its 6th biggest holding.

A number of other hedge funds have also bought and sold shares of ARES. Triumph Capital Management boosted its stake in shares of Ares Management by 127.3% during the 2nd quarter. Triumph Capital Management now owns 250 shares of the asset manager's stock worth $28,000 after purchasing an additional 140 shares during the period. Osbon Capital Management LLC purchased a new stake in Ares Management in the 4th quarter worth about $32,000. Elyxium Wealth LLC purchased a new stake in Ares Management in the 4th quarter worth about $42,000. Summit Securities Group LLC bought a new stake in Ares Management in the fourth quarter worth about $49,000. Finally, Western Wealth Management LLC bought a new stake in Ares Management in the first quarter worth about $50,000. Institutional investors own 50.03% of the company's stock.

Analyst Upgrades and Downgrades

ARES has been the subject of several recent analyst reports. Barclays dropped their target price on Ares Management from $140.00 to $139.00 and set an "overweight" rating for the company in a research report on Thursday, July 9th. Wall Street Zen lowered Ares Management from a "hold" rating to a "sell" rating in a research note on Saturday, July 4th. Keefe, Bruyette & Woods upgraded Ares Management to a "hold" rating in a report on Monday, July 20th. Oppenheimer upped their price objective on Ares Management from $151.00 to $162.00 and gave the company an "outperform" rating in a research report on Thursday, August 27th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Ares Management in a research note on Friday, August 21st. One 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 company's stock. Based on data from MarketBeat.com, Ares Management presently has an average rating of "Moderate Buy" and an average target price of $160.47.

Ares Management Stock Performance

Shares of NYSE:ARES opened at $140.28 on Monday. The firm's 50 day simple moving average is $131.20 and its 200-day simple moving average is $122.26. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.26 and a current ratio of 0.26. Ares Management Corporation has a one year low of $95.80 and a one year high of $186.85. The firm has a market cap of $46.33 billion, a PE ratio of 64.35, a price-to-earnings-growth ratio of 1.21 and a beta of 1.49.

Ares Management (NYSE:ARES - Get Free Report) last announced its quarterly earnings results 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 return on equity of 25.42% and a net margin of 10.63%.The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the business earned $1.03 earnings per share. Ares Management's quarterly revenue was up 5.8% on a year-over-year basis. As a group, equities analysts predict that Ares Management Corporation will post 5.94 EPS for the current year.

Ares Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Wednesday, September 16th. Ares Management's dividend payout ratio is currently 247.71%.

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.

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