102,275 Shares in Ares Management Corporation $ARES Bought by Dearborn Partners LLC

Key Points

• Dearborn Partners bought 102,275 shares of Ares Management during the second quarter, worth approximately $11.4 million. Institutional investors and hedge funds collectively own 50.03% of Ares stock.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $160.47. Ratings include one Strong Buy, 11 Buys and six Holds.
• Ares exceeded quarterly expectations with $1.29 in earnings per share and $1.43 billion in revenue, while revenue rose 5.8% year over year. The company also declared a $1.35 quarterly dividend, representing a 3.8% annualized yield.

Dearborn Partners LLC purchased a new stake in Ares Management Corporation (NYSE:ARES - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 102,275 shares of the asset manager's stock, valued at approximately $11,384,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ARES. Osbon Capital Management LLC bought a new position in shares of Ares Management during the fourth quarter worth about $32,000. Elyxium Wealth LLC bought a new stake in Ares Management in the 4th quarter valued at approximately $42,000. Summit Securities Group LLC acquired a new position in Ares Management during the 4th quarter worth approximately $49,000. Western Wealth Management LLC acquired a new position in Ares Management during the 1st quarter worth approximately $50,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in shares of Ares Management during the 1st quarter worth approximately $55,000. Institutional investors and hedge funds own 50.03% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Barclays cut their price objective on shares of Ares Management from $140.00 to $139.00 and set an "overweight" rating on the stock in a research report on Thursday, July 9th. Royal Bank Of Canada lifted their price target on shares of Ares Management from $162.00 to $168.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. BMO Capital Markets boosted their price target on shares of Ares Management from $128.00 to $134.00 and gave the stock a "market perform" rating in a research report on Monday, August 3rd. Zacks Research upgraded shares of Ares Management from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $144.00 price objective on shares of Ares Management in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $160.47.

Ares Management Price Performance

Shares of ARES opened at $142.62 on Friday. The company has a market cap of $47.10 billion, a price-to-earnings ratio of 65.42, a PEG ratio of 1.23 and a beta of 1.49. Ares Management Corporation has a 1-year low of $95.80 and a 1-year high of $186.85. The company's fifty day simple moving average is $128.55 and its 200 day simple moving average is $122.04. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 1.00.

Ares Management (NYSE:ARES - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The asset manager reported $1.29 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 quarter last year, the company posted $1.03 earnings per share. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. On average, research analysts forecast that Ares Management Corporation will post 5.94 earnings per share for the current fiscal year.

Ares Management Dividend Announcement

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