Ares Management Corporation $ARES Shares Purchased by Vulcan Value Partners LLC

Key Points

• Vulcan Value Partners increased its Ares Management stake by 12.5% in the second quarter, holding 1.9 million shares valued at approximately $211.8 million. Institutional investors and hedge funds collectively own 50.03% of ARES.
• Ares Management reported quarterly earnings of $1.29 per share, slightly above estimates, while revenue reached $1.43 billion—up 5.8% year over year and ahead of expectations.
• The company declared a quarterly dividend of $1.35 per share, implying an annualized yield of 3.9%. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $160.47.

Vulcan Value Partners LLC boosted its position in shares of Ares Management Corporation (NYSE:ARES - Free Report) by 12.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,902,580 shares of the asset manager's stock after buying an additional 211,404 shares during the quarter. Ares Management makes up 6.4% of Vulcan Value Partners LLC's holdings, making the stock its 7th biggest position. Vulcan Value Partners LLC owned about 0.58% of Ares Management worth $211,776,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ARES. Arizona State Retirement System increased its stake in shares of Ares Management by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 60,169 shares of the asset manager's stock valued at $6,697,000 after purchasing an additional 1,240 shares in the last quarter. Nykredit A S purchased a new position in Ares Management during the second quarter worth approximately $6,728,000. Corient Private Wealth LP boosted its position in Ares Management by 36.2% during the second quarter. Corient Private Wealth LP now owns 435,078 shares of the asset manager's stock worth $48,429,000 after purchasing an additional 115,682 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Ares Management in the second quarter valued at approximately $1,831,000. Finally, Caz Investments LP purchased a new stake in shares of Ares Management in the second quarter valued at approximately $11,131,000. Institutional investors and hedge funds own 50.03% of the company's stock.

Ares Management Price Performance

ARES traded down $1.80 on Tuesday, reaching $138.35. 1,836,011 shares of the company's stock were exchanged, compared to its average volume of 3,031,269. Ares Management Corporation has a twelve month low of $95.80 and a twelve month high of $186.85. The stock has a market cap of $45.69 billion, a PE ratio of 63.46, a P/E/G ratio of 1.21 and a beta of 1.49. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.26 and a quick ratio of 0.26. The stock's fifty day moving average price is $132.39 and its 200-day moving average price is $122.36.

Ares Management (NYSE:ARES - Get Free Report) last issued its earnings results on Friday, July 31st. The asset manager reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.01. The business had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.27 billion. Ares Management had a return on equity of 25.42% and a net margin of 10.63%.The business's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 EPS. Sell-side analysts expect that Ares Management Corporation will post 5.94 EPS for the current year.

Ares Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $1.35 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $5.40 dividend on an annualized basis and a yield of 3.9%. Ares Management's payout ratio is 247.71%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ARES shares. TD Cowen increased their target price on Ares Management from $153.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. Citizens Jmp reduced their price objective on shares of Ares Management from $190.00 to $160.00 and set a "market outperform" rating for the company in a research report on Thursday, July 9th. Keefe, Bruyette & Woods raised shares of Ares Management to a "hold" rating in a report on Monday, July 20th. Royal Bank Of Canada boosted their target price on shares of Ares Management from $162.00 to $168.00 and gave the stock an "outperform" rating in a research note on Monday, August 3rd. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Ares Management in a research note on Friday, August 21st. One 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $160.47.

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.

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