Hamlin Capital Management LLC Acquires 14,333 Shares of Ares Management Corporation $ARES

Key Points

• Hamlin Capital Management increased its Ares Management stake by 1.5%, purchasing 14,333 additional shares to hold 959,634 shares valued at approximately $106.8 million. Institutional investors collectively own 50.03% of ARES.
• Analysts remain broadly positive, with one Strong Buy, eleven Buy, and six Hold ratings. The stock has a “Moderate Buy” consensus rating and an average price target of $159.73, above its recent $140.04 price.
• Ares exceeded quarterly expectations, reporting $1.29 in EPS and $1.43 billion in revenue, with revenue up 5.8% year over year. The company also declared a $1.35 quarterly dividend, equivalent to a 3.9% yield, though its payout ratio is high at 247.71%.

Hamlin Capital Management LLC grew its holdings in Ares Management Corporation (NYSE:ARES - Free Report) by 1.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 959,634 shares of the asset manager's stock after purchasing an additional 14,333 shares during the period. Ares Management comprises approximately 2.4% of Hamlin Capital Management LLC's investment portfolio, making the stock its 25th biggest holding. Hamlin Capital Management LLC owned approximately 0.29% of Ares Management worth $106,817,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ARES. Dynamic Advisor Solutions LLC grew its position in Ares Management by 12.2% in the second quarter. Dynamic Advisor Solutions LLC now owns 53,717 shares of the asset manager's stock valued at $5,979,000 after purchasing an additional 5,853 shares in the last quarter. GAMMA Investing LLC lifted its position in Ares Management by 152.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,878 shares of the asset manager's stock worth $209,000 after buying an additional 1,134 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Ares Management by 17.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,711 shares of the asset manager's stock worth $190,000 after buying an additional 253 shares during the last quarter. CX Institutional boosted its stake in shares of Ares Management by 373.8% during the 2nd quarter. CX Institutional now owns 1,720 shares of the asset manager's stock worth $191,000 after buying an additional 1,357 shares during the last quarter. Finally, DV Trading LLC grew its holdings in shares of Ares Management by 214,600.0% in the 1st quarter. DV Trading LLC now owns 2,147 shares of the asset manager's stock valued at $234,000 after acquiring an additional 2,146 shares in the last quarter. Institutional investors own 50.03% of the company's stock.

Wall Street Analysts Forecast Growth

ARES has been the topic of a number of recent research reports. TD Cowen lifted 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. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $144.00 price target on shares of Ares Management in a research note on Monday. Morgan Stanley set a $160.00 price target on Ares Management in a research report on Tuesday, July 21st. Oppenheimer upped their price objective on Ares Management from $140.00 to $151.00 and gave the stock an "outperform" rating in a research note on Monday. Finally, Royal Bank Of Canada increased their price objective on Ares Management from $162.00 to $168.00 and gave the company an "outperform" rating in a report on Monday. One investment 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 a consensus price target of $159.73.

Ares Management Stock Down 2.0%

Ares Management stock opened at $140.04 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.23 and a quick ratio of 0.23. The company's 50-day moving average is $124.71 and its 200-day moving average is $122.99. The firm has a market capitalization of $46.19 billion, a PE ratio of 64.24, a P/E/G ratio of 1.27 and a beta of 1.49. Ares Management Corporation has a fifty-two week low of $95.80 and a fifty-two week high of $195.26.

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 (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.01. Ares Management had a net margin of 10.63% and a return on equity of 25.47%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the business posted $1.03 EPS. Ares Management's revenue was up 5.8% on a year-over-year basis. Sell-side analysts anticipate that Ares Management Corporation will post 5.97 earnings per share for the current year.

Ares Management Announces Dividend

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

Ares Management 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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