47,919 Shares in Ares Management Corporation $ARES Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Ares Management Corporation (NYSE:ARES) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 47,919 shares of the asset manager’s stock, valued at approximately $7,745,000.

Several other institutional investors also recently modified their holdings of the stock. Forsta AP Fonden increased its position in shares of Ares Management by 0.4% in the fourth quarter. Forsta AP Fonden now owns 48,800 shares of the asset manager’s stock worth $7,888,000 after purchasing an additional 200 shares during the last quarter. Norges Bank bought a new position in shares of Ares Management in the fourth quarter worth approximately $396,165,000. Eurizon Capital SGR S.p.A. bought a new position in shares of Ares Management in the fourth quarter worth approximately $2,686,000. Zhang Financial LLC increased its position in shares of Ares Management by 48.2% in the fourth quarter. Zhang Financial LLC now owns 4,497 shares of the asset manager’s stock worth $727,000 after purchasing an additional 1,463 shares during the last quarter. Finally, National Pension Service increased its position in shares of Ares Management by 12.9% in the fourth quarter. National Pension Service now owns 299,123 shares of the asset manager’s stock worth $48,347,000 after purchasing an additional 34,266 shares during the last quarter. 50.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on ARES shares. JPMorgan Chase & Co. decreased their price objective on shares of Ares Management from $188.00 to $144.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 28th. BMO Capital Markets reduced their price target on shares of Ares Management from $140.00 to $112.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 24th. Citizens Jmp reduced their price target on shares of Ares Management from $205.00 to $190.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 22nd. UBS Group set a $148.00 price target on shares of Ares Management in a research report on Friday, February 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ares Management in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Ares Management presently has a consensus rating of “Moderate Buy” and an average price target of $162.56.

Ares Management Stock Down 0.4%

Shares of NYSE ARES opened at $128.18 on Wednesday. Ares Management Corporation has a one year low of $95.80 and a one year high of $195.26. 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 firm’s 50 day simple moving average is $115.85 and its two-hundred day simple moving average is $135.92. The stock has a market capitalization of $42.28 billion, a P/E ratio of 59.62, a PEG ratio of 1.13 and a beta of 1.51.

Ares Management (NYSE:ARES) last issued its quarterly earnings results on Friday, May 1st. The asset manager reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). Ares Management had a net margin of 10.54% and a return on equity of 22.14%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the business earned $1.09 earnings per share. As a group, analysts expect that Ares Management Corporation will post 6.06 EPS for the current fiscal year.

Ares Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Tuesday, June 16th. Ares Management’s dividend payout ratio is 251.16%.

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.