Junto Capital Management LP Takes $40.08 Million Position in Ares Management Corporation $ARES

Key Points

• Junto Capital Management acquired 360,113 shares of Ares Management worth approximately $40.08 million, representing about 0.11% of the company. Institutional investors collectively own 50.03% of ARES.
• Ares Management exceeded quarterly expectations, reporting $1.29 EPS versus the $1.28 consensus and $1.43 billion in revenue, up 5.8% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $160.47.
• The company declared a quarterly dividend of $1.35 per share, equal to $5.40 annually and a 4.0% yield; the dividend is payable September 30 to shareholders of record as of September 16.

Junto Capital Management LP purchased a new position in Ares Management Corporation (NYSE:ARES - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 360,113 shares of the asset manager's stock, valued at approximately $40,084,000. Junto Capital Management LP owned approximately 0.11% of Ares Management at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its stake in shares of Ares Management by 116.7% in the 1st quarter. AQR Capital Management LLC now owns 10,360 shares of the asset manager's stock valued at $1,519,000 after purchasing an additional 5,579 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Ares Management by 5.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,344 shares of the asset manager's stock worth $197,000 after buying an additional 70 shares during the last quarter. Empowered Funds LLC boosted its stake in Ares Management by 42.7% during the first quarter. Empowered Funds LLC now owns 6,197 shares of the asset manager's stock worth $909,000 after buying an additional 1,853 shares during the period. Focus Partners Wealth boosted its stake in Ares Management by 15.3% during the first quarter. Focus Partners Wealth now owns 1,902 shares of the asset manager's stock worth $279,000 after buying an additional 252 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in Ares Management by 708.2% during the first quarter. Geneos Wealth Management Inc. now owns 493 shares of the asset manager's stock valued at $72,000 after acquiring an additional 432 shares during the last quarter. 50.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Citigroup restated a "market outperform" rating on shares of Ares Management in a report on Monday, August 3rd. TD Cowen upped their price target on shares of Ares Management from $153.00 to $155.00 and gave the company a "buy" rating in a report on Monday, August 3rd. BMO Capital Markets increased their price objective 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. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $144.00 price objective on shares of Ares Management in a research note on Monday, August 3rd. Finally, Morgan Stanley set a $160.00 target price on Ares Management in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $160.47.

Ares Management Trading Down 2.9%

NYSE ARES opened at $134.60 on Thursday. The company's 50-day moving average price is $132.81 and its 200-day moving average price is $122.39. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 1.00. The stock has a market cap of $44.45 billion, a PE ratio of 61.74, a PEG ratio of 1.20 and a beta of 1.49. Ares Management Corporation has a 12 month low of $95.80 and a 12 month high of $186.85.

Ares Management (NYSE:ARES - Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The asset manager reported $1.29 earnings per share 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 analyst estimates of $1.27 billion. Ares Management had a net margin of 10.63% and a return on equity of 25.42%. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the business posted $1.03 EPS. Equities research analysts forecast that Ares Management Corporation will post 5.94 earnings per share for the current year.

Ares Management Dividend Announcement

The business also recently declared 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 4.0%. The ex-dividend date of this dividend is Wednesday, September 16th. 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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