Landscape Capital Management L.L.C. Makes New $3.29 Million Investment in Ares Management Corporation $ARES

by · The Markets Daily

Landscape Capital Management L.L.C. purchased a new position in shares of Ares Management Corporation (NYSE:ARES – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 20,344 shares of the asset manager’s stock, valued at approximately $3,288,000.

Other hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC lifted its position in shares of Ares Management by 116.7% in the first quarter. AQR Capital Management LLC now owns 10,360 shares of the asset manager’s stock valued at $1,519,000 after acquiring an additional 5,579 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Ares Management by 5.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,344 shares of the asset manager’s stock valued at $197,000 after acquiring an additional 70 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Ares Management by 42.7% in the first quarter. Empowered Funds LLC now owns 6,197 shares of the asset manager’s stock valued at $909,000 after acquiring an additional 1,853 shares in the last quarter. Focus Partners Wealth lifted its position in shares of Ares Management by 15.3% in the first quarter. Focus Partners Wealth now owns 1,902 shares of the asset manager’s stock valued at $279,000 after acquiring an additional 252 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Ares Management by 708.2% in the first quarter. Geneos Wealth Management Inc. now owns 493 shares of the asset manager’s stock valued at $72,000 after acquiring an additional 432 shares in the last quarter. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Ares Management Trading Up 0.1%

Shares of NYSE ARES opened at $134.98 on Monday. Ares Management Corporation has a twelve month low of $95.80 and a twelve month high of $195.26. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.96. The stock has a fifty day simple moving average of $119.83 and a 200-day simple moving average of $134.80. The stock has a market capitalization of $44.52 billion, a PE ratio of 62.78, a PEG ratio of 1.18 and a beta of 1.51.

Ares Management (NYSE:ARES – Get Free Report) last issued its quarterly earnings data 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 net margin of 10.54% and a return on equity of 22.14%. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. On average, equities analysts forecast that Ares Management Corporation will post 6.06 earnings per share for the current year.

Ares Management Dividend Announcement

The company 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 $1.35 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.0%. Ares Management’s payout ratio is presently 251.16%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ARES. TD Cowen decreased their target price on Ares Management from $148.00 to $144.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. UBS Group set a $148.00 target price on Ares Management in a research report on Friday, February 20th. Zacks Research upgraded Ares Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. BMO Capital Markets decreased their target price on 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. Finally, Oppenheimer restated an “outperform” rating and issued a $146.00 target price (down from $147.00) on shares of Ares Management in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $162.56.

View Our Latest Stock Report on ARES

Ares Management Company Profile

(Free Report)

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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