Corient Private Wealth LP Has $48.43 Million Stock Holdings in Ares Management Corporation $ARES

Corient Private Wealth LP raised its position in Ares Management Corporation (NYSE:ARES - Free Report) by 36.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 435,078 shares of the asset manager's stock after buying an additional 115,682 shares during the period. Corient Private Wealth LP owned about 0.13% of Ares Management worth $48,429,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in ARES. Osbon Capital Management LLC acquired a new position in shares of Ares Management during the fourth quarter valued at $32,000. Triumph Capital Management increased its position in Ares Management by 127.3% in the second 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. Elyxium Wealth LLC bought a new stake in Ares Management during the 4th quarter worth about $42,000. Summit Securities Group LLC bought a new stake in Ares Management during the 4th quarter worth about $49,000. Finally, AlphaCentric Advisors LLC acquired a new position in Ares Management during the 4th quarter valued at about $62,000. 50.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Ares Management from a "hold" rating to a "sell" rating in a research note on Saturday, July 4th. Royal Bank Of Canada boosted their price target 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. Keefe, Bruyette & Woods upgraded shares of Ares Management to a "hold" rating in a report on Monday, July 20th. JPMorgan Chase & Co. raised their price objective on shares of Ares Management from $143.00 to $153.00 and gave the company an "overweight" rating in a research note on Monday, August 3rd. Finally, Citizens Jmp lowered their target price on shares of Ares Management from $190.00 to $160.00 and set a "market outperform" rating for the company in a report on Thursday, July 9th. One equities 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 stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $160.47.

Ares Management Price Performance

Shares of ARES opened at $131.93 on Friday. The stock has a market cap of $43.57 billion, a P/E ratio of 60.52, a price-to-earnings-growth ratio of 1.14 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 stock's 50-day moving average price is $133.40 and its two-hundred day moving average price is $122.51. 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. The company had revenue of $1.43 billion during 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%.Ares Management's revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 EPS. On average, equities analysts predict that Ares Management Corporation will post 5.93 earnings per share for the current year.

Ares Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a dividend of $1.35 per share. The ex-dividend date is Wednesday, September 16th. This represents a $5.40 dividend on an annualized basis and a yield of 4.1%. Ares Management's payout ratio is currently 247.71%.

Ares Management Profile

Ares Management Corporation is a global alternative investment manager that provides investment solutions across credit, private equity, real assets and secondaries. The company manages capital for institutional investors, financial intermediaries and individual investors through a range of private funds, public-market strategies and other investment vehicles.

Its investment activities include direct lending and other forms of private credit, corporate and growth-oriented private equity, real estate and infrastructure investments, and secondary-market transactions involving private investment interests.

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