Dearborn Partners LLC Buys Shares of 101,744 Ares Management Corporation $ARES

Dearborn Partners LLC bought a new position in shares of Ares Management Corporation (NYSE:ARES) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 101,744 shares of the asset manager’s stock, valued at approximately $11,100,000.

Several other institutional investors also recently modified their holdings of the stock. Osbon Capital Management LLC bought a new stake in shares of Ares Management in the 4th 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 bought a new stake in Ares Management in the fourth quarter valued at approximately $49,000. Western Wealth Management LLC bought a new stake in Ares Management in the first quarter valued at approximately $50,000. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in Ares Management in the first quarter worth $55,000. 50.03% of the stock is currently owned by institutional investors and hedge funds.

Ares Management Trading Down 0.9%

Shares of NYSE:ARES opened at $140.04 on Tuesday. Ares Management Corporation has a 12 month low of $95.80 and a 12 month high of $186.85. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 1.00. The company’s fifty day simple moving average is $127.86 and its 200 day simple moving average is $121.77. The firm has a market cap of $46.25 billion, a price-to-earnings ratio of 64.24, a PEG ratio of 1.22 and a beta of 1.49.

Ares Management (NYSE:ARES) last announced its earnings results on Friday, July 31st. The asset manager reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.27 billion. Ares Management had a net margin of 10.63% and a return on equity of 25.42%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.03 EPS. As a group, research analysts forecast that Ares Management Corporation will post 5.94 EPS 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 given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, September 16th. Ares Management’s dividend payout ratio is currently 247.71%.

Analyst Ratings Changes

A number of analysts recently commented on ARES shares. Weiss Ratings restated a “hold (c)” rating on shares of Ares Management in a research report on Tuesday, May 26th. Citigroup reissued a “market outperform” rating on shares of Ares Management in a research note on Monday, August 3rd. Wall Street Zen downgraded Ares Management from a “hold” rating to a “sell” rating in a report on Saturday, July 4th. BMO Capital Markets raised their price target on Ares Management from $128.00 to $134.00 and gave the stock a “market perform” rating in a research report on Monday, August 3rd. Finally, TD Cowen lifted their price objective on Ares Management from $153.00 to $155.00 and gave the company a “buy” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $159.73.

Ares Management 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.