Mirae Asset Global Investments Co. Ltd. Makes New $34.85 Million Investment in Ares Management Corporation $ARES

Key Points

• Mirae Asset Global Investments purchased 299,980 Ares Management shares worth approximately $34.85 million, giving it a 0.09% stake. Institutional investors and hedge funds collectively own 50.03% of Ares.
• Ares exceeded third-quarter adjusted earnings and revenue expectations, reporting $1.26 in adjusted EPS and $1.43 billion in revenue. Fundraising and investment activity remained strong, with more than $31 billion in gross commitments and assets under management reaching roughly $690.6 billion.
• The company declared a quarterly dividend of $1.35 per share, representing a 4.2% annualized yield, while analysts maintain a broadly positive view with a consensus “Moderate Buy” rating and a $146.21 target price. However, GAAP net income and year-over-year revenue declined, highlighting pressure on realized performance income.

Mirae Asset Global Investments Co. Ltd. bought a new position in Ares Management Corporation (NYSE:ARES - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 299,980 shares of the asset manager's stock, valued at approximately $34,849,000. Mirae Asset Global Investments Co. Ltd. owned 0.09% of Ares Management at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Curated Wealth Partners LLC increased its stake in shares of Ares Management by 968.3% in the third quarter. Curated Wealth Partners LLC now owns 1,450,854 shares of the asset manager's stock worth $168,546,000 after purchasing an additional 1,315,043 shares during the period. ICG Advisors LLC bought a new stake in Ares Management during the 3rd quarter valued at approximately $98,392,000. Janus Henderson Group PLC grew its holdings in Ares Management by 43.8% in the 1st quarter. Janus Henderson Group PLC now owns 1,653,078 shares of the asset manager's stock valued at $180,343,000 after buying an additional 503,688 shares during the last quarter. Advent International L.P. grew its holdings in Ares Management by 9,353.6% in the 1st quarter. Advent International L.P. now owns 428,720 shares of the asset manager's stock valued at $46,773,000 after buying an additional 424,185 shares during the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich acquired a new stake in Ares Management in the 1st quarter valued at approximately $44,773,000. Institutional investors and hedge funds own 50.03% of the company's stock.

Key Stories Impacting Ares Management

Here are the key news stories impacting Ares Management this week:

• Positive Sentiment: Third-quarter adjusted EPS came in at $1.26, narrowly exceeding the $1.25 consensus estimate, while revenue of $1.43 billion substantially topped expectations of $1.24 billion. Assets under management rose to approximately $690.6 billion, supported by higher management fees and capital inflows. Ares Q3 Earnings Beat Estimates
• Positive Sentiment: Fundraising momentum remains strong: Ares raised more than $31 billion in gross commitments during the quarter, including an $8 billion first close for its flagship credit fund, and invested approximately $35 billion. Management also said it is positioned for a potentially record fundraising year. Ares Flagship Credit Fund First Close
• Positive Sentiment: Direct-lending activity was substantial, with $6.3 billion of U.S. commitments closed across 55 transactions in the quarter and $43.4 billion over the past 12 months. Ares also expects $300 million to $325 million of 2026 net realized performance income, including $115 million to $125 million in the fourth quarter. Ares Direct Lending Activity
• Positive Sentiment: Analysts increased their targets: Barclays raised its target to $151, Wells Fargo to $141, RBC to $171 and TD Cowen maintained a buy rating with a $158 target. These targets imply meaningful potential upside and may support the stock’s advance. Analyst Price Target Changes
• Positive Sentiment: Ares declared a quarterly dividend of $1.35 per share, equivalent to $5.40 annually and a yield of approximately 4.2%, enhancing the stock’s income appeal. Ares Third Quarter Results
• Neutral Sentiment: Keefe, Bruyette & Woods lifted its target from $119 to $130 but retained a market-perform rating, suggesting limited upside relative to the more bullish analyst views. KBW Ares Rating
• Negative Sentiment: Despite the adjusted earnings beat, GAAP net income was $85.3 million and revenue declined 13.5% year over year, highlighting pressure from weaker realized performance income and potentially tempering the market’s response to the otherwise strong operating metrics. Ares Q3 Income Declines

Ares Management Stock Performance

NYSE ARES opened at $128.16 on Monday. The stock has a market cap of $42.33 billion, a P/E ratio of 103.35, a PEG ratio of 1.18 and a beta of 1.53. The company's 50-day simple moving average is $126.00 and its 200 day simple moving average is $125.26. Ares Management Corporation has a twelve month low of $95.80 and a twelve month high of $181.19. The company has a quick ratio of 0.26, a current 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 Thursday, October 29th. The asset manager reported $1.26 EPS for the quarter, topping analysts' consensus estimates of $1.25 by $0.01. The firm had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.24 billion. Ares Management had a net margin of 7.51% and a return on equity of 25.74%. The company's revenue for the quarter was down 13.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.15 earnings per share. As a group, research analysts forecast that Ares Management Corporation will post 5.73 earnings per share for the current fiscal year.

Ares Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 17th will be issued a dividend of $1.35 per share. The ex-dividend date of this dividend is Thursday, December 17th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.2%. Ares Management's dividend payout ratio (DPR) is presently 435.48%.

Analyst Ratings Changes

ARES has been the subject of several research reports. Citizens Jmp reduced their price objective on 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 boosted their target price on shares of Ares Management from $119.00 to $130.00 and gave the stock a "market perform" rating in a research report on Friday. The Goldman Sachs Group cut their target price on shares of Ares Management from $145.00 to $139.00 and set a "buy" rating for the company in a research note on Friday, October 2nd. Jefferies Financial Group reduced their price target on shares of Ares Management from $144.00 to $132.00 and set a "hold" rating for the company in a report on Tuesday, October 6th. Finally, Morgan Stanley set a $149.00 price target on shares of Ares Management in a report on Friday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Ares Management has a consensus rating of "Moderate Buy" and a consensus target price of $146.21.

About Ares Management

Ares Management Corporation NYSE: ARES is a global alternative investment manager that provides investment solutions across credit, private equity, real assets and secondaries. The company manages capital on behalf of institutional investors, pension funds, insurance companies, sovereign wealth funds, family offices and individual investors.

Its investment activities include direct lending and other credit strategies, control and minority investments in private companies, real estate and infrastructure investments, and secondary-market transactions involving private assets and fund interests.

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