Public Employees Retirement System of Ohio Invests $6.25 Million in Ares Management Corporation $ARES

Public Employees Retirement System of Ohio acquired a new position in shares of Ares Management Corporation (NYSE:ARES - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 56,104 shares of the asset manager's stock, valued at approximately $6,245,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Osbon Capital Management LLC purchased a new position in Ares Management in the fourth quarter valued at about $32,000. Elyxium Wealth LLC acquired a new position in Ares Management during the fourth quarter valued at approximately $42,000. Summit Securities Group LLC acquired a new position in Ares Management in the 4th quarter valued at $49,000. Western Wealth Management LLC acquired a new stake in shares of Ares Management in the first quarter valued at about $50,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in Ares Management in the 1st quarter worth approximately $55,000. 50.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on ARES shares. BMO Capital Markets increased their price target on shares of Ares Management from $128.00 to $134.00 and gave the company a "market perform" rating in a report on Monday, August 3rd. JPMorgan Chase & Co. lifted their target price on Ares Management from $143.00 to $153.00 and gave the stock an "overweight" rating in a research report on Monday, August 3rd. Oppenheimer boosted their price target on Ares Management from $151.00 to $162.00 and gave the company an "outperform" rating in a research note on Thursday, August 27th. Citigroup reaffirmed a "market outperform" rating on shares of Ares Management in a report on Monday, August 3rd. Finally, Keefe, Bruyette & Woods raised Ares Management to a "hold" rating in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $160.47.

Ares Management Trading Down 3.2%

ARES stock opened at $138.54 on Wednesday. Ares Management Corporation has a 1-year low of $95.80 and a 1-year high of $186.85. 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 business's 50 day moving average is $129.51 and its 200-day moving average is $122.13. The firm has a market cap of $45.76 billion, a P/E ratio of 63.55, a P/E/G ratio of 1.24 and a beta of 1.49.

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 the consensus estimate of $1.28 by $0.01. Ares Management had a return on equity of 25.42% and a net margin of 10.63%.The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the firm earned $1.03 EPS. Ares Management's quarterly revenue was up 5.8% on a year-over-year basis. Equities analysts anticipate that Ares Management Corporation will post 5.94 earnings per share for the current fiscal year.

Ares Management Announces Dividend

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

Ares Management Company 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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