Lbp Am Sa Takes Position in Ares Management Corporation $ARES

Key Points

• Lbp Am Sa has acquired a new stake in Ares Management Corporation, purchasing 24,421 shares valued at approximately $4.23 million in the second quarter.
• Ares Management reported a quarterly EPS of $1.03, falling short of the $1.15 consensus estimate, although it achieved revenue of $1.35 billion, surpassing expectations of $1.02 billion.
• The company's dividend yield is 2.9%, with a recent quarterly dividend payment of $1.12, indicating a high dividend payout ratio of 258.96%.

Lbp Am Sa bought a new stake in Ares Management Corporation (NYSE:ARES - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 24,421 shares of the asset manager's stock, valued at approximately $4,230,000.

Other large investors have also modified their holdings of the company. IFP Advisors Inc boosted its holdings in shares of Ares Management by 129.6% in the 1st quarter. IFP Advisors Inc now owns 1,988 shares of the asset manager's stock valued at $291,000 after buying an additional 1,122 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Ares Management by 40.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,960 shares of the asset manager's stock worth $1,167,000 after purchasing an additional 2,302 shares during the period. Stratos Wealth Partners LTD. boosted its stake in Ares Management by 4.2% during the 1st quarter. Stratos Wealth Partners LTD. now owns 53,401 shares of the asset manager's stock worth $7,829,000 after purchasing an additional 2,171 shares during the period. TCW Group Inc. boosted its stake in Ares Management by 99.5% during the 1st quarter. TCW Group Inc. now owns 31,765 shares of the asset manager's stock worth $4,657,000 after purchasing an additional 15,846 shares during the period. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in Ares Management during the 1st quarter worth $667,000. Institutional investors and hedge funds own 50.03% of the company's stock.

Ares Management Stock Down 3.7%

ARES stock opened at $153.96 on Thursday. Ares Management Corporation has a one year low of $110.63 and a one year high of $200.49. The stock has a market capitalization of $50.30 billion, a PE ratio of 89.00, a price-to-earnings-growth ratio of 1.26 and a beta of 1.43. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.08 and a current ratio of 1.08. The company has a fifty day moving average of $180.49 and a 200-day moving average of $167.14.

Ares Management (NYSE:ARES - Get Free Report) last released its earnings results on Friday, August 1st. The asset manager reported $1.03 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.12). The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.02 billion. Ares Management had a return on equity of 15.81% and a net margin of 9.47%.During the same quarter last year, the business posted $0.99 EPS. As a group, analysts expect that Ares Management Corporation will post 5.28 EPS for the current year.

Ares Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were paid a $1.12 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $4.48 annualized dividend and a dividend yield of 2.9%. Ares Management's dividend payout ratio (DPR) is 258.96%.

Insider Activity at Ares Management

In related news, Chairman Antony P. Ressler sold 128,837 shares of the firm's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $178.30, for a total value of $22,971,637.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 2,590,000 shares of company stock valued at $464,430,639 in the last ninety days. 36.86% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Citigroup reiterated an "outperform" rating on shares of Ares Management in a research note on Monday, July 14th. Wells Fargo & Company increased their price target on shares of Ares Management from $189.00 to $202.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Royal Bank Of Canada reiterated an "outperform" rating and set a $215.00 price target on shares of Ares Management in a research note on Monday. JMP Securities increased their price target on shares of Ares Management from $195.00 to $205.00 and gave the stock a "market outperform" rating in a research note on Wednesday, August 6th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Ares Management from $193.00 to $203.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $182.73.

Ares Management Company Profile

Ares Management Corporation operates as an alternative asset manager in the United States, Europe, and Asia. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets.

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