Ares Management Corporation (ARES) To Go Ex-Dividend on June 16th

Ares Management Corporation (NYSE:ARES) announced a quarterly dividend on Friday, May 1st. Investors of record on Tuesday, June 16th will be given a dividend of 1.35 per share by the asset manager on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, June 16th.

Ares Management has raised its dividend by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 7 years. Ares Management has a dividend payout ratio of 83.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Ares Management to earn $7.54 per share next year, which means the company should continue to be able to cover its $5.40 annual dividend with an expected future payout ratio of 71.6%.

Ares Management Stock Up 1.6%

ARES stock opened at $134.98 on Friday. The company’s 50 day moving average price is $119.83 and its 200 day moving average price is $134.91. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.23 and a current ratio of 0.23. Ares Management has a fifty-two week low of $95.80 and a fifty-two week high of $195.26. The firm has a market capitalization of $44.52 billion, a price-to-earnings ratio of 62.78, a PEG ratio of 1.18 and a beta of 1.51.

Ares Management (NYSE:ARES) last released its earnings results on Friday, May 1st. The asset manager reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). Ares Management had a return on equity of 22.14% and a net margin of 10.54%.The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the company posted $1.09 earnings per share. On average, equities research analysts anticipate that Ares Management will post 6.06 EPS for the current fiscal year.

Institutional Investors Weigh In On Ares Management

Large investors have recently modified their holdings of the company. DV Trading LLC lifted its holdings in shares of Ares Management by 214,600.0% during the first quarter. DV Trading LLC now owns 2,147 shares of the asset manager’s stock worth $234,000 after purchasing an additional 2,146 shares during the period. Glenmede Trust Co. NA lifted its holdings in shares of Ares Management by 138.1% during the first quarter. Glenmede Trust Co. NA now owns 4,234 shares of the asset manager’s stock worth $462,000 after purchasing an additional 2,456 shares during the period. GKV Capital Management Co. Inc. acquired a new stake in shares of Ares Management during the first quarter worth $109,000. SOA Wealth Advisors LLC. acquired a new stake in shares of Ares Management during the first quarter worth $110,000. Finally, Western Wealth Management LLC acquired a new stake in shares of Ares Management during the first quarter worth $50,000. 50.03% of the stock is owned by institutional investors and hedge funds.

About Ares Management

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.