Campbell & CO Investment Adviser LLC Makes New Investment in Ares Management Corporation $ARES

Campbell & CO Investment Adviser LLC acquired a new position in shares of Ares Management Corporation (NYSE:ARES) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 10,922 shares of the asset manager’s stock, valued at approximately $1,746,000.

A number of other hedge funds have also recently modified their holdings of ARES. Exchange Traded Concepts LLC lifted its position in Ares Management by 100.0% in the third quarter. Exchange Traded Concepts LLC now owns 190 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 95 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Ares Management during the second quarter worth about $35,000. Ameritas Advisory Services LLC purchased a new stake in shares of Ares Management in the 2nd quarter valued at about $43,000. First Horizon Corp acquired a new stake in shares of Ares Management in the 3rd quarter valued at about $51,000. Finally, Geneos Wealth Management Inc. grew its stake in Ares Management by 708.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 493 shares of the asset manager’s stock worth $72,000 after buying an additional 432 shares during the last quarter. 50.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ARES has been the subject of a number of research reports. TD Cowen boosted their price objective on Ares Management from $197.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday. Oppenheimer set a $190.00 price target on shares of Ares Management and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Citigroup reiterated a “market outperform” rating on shares of Ares Management in a research note on Tuesday, October 21st. Royal Bank Of Canada restated an “outperform” rating and issued a $215.00 price objective on shares of Ares Management in a research note on Monday, September 29th. Finally, Wolfe Research set a $210.00 target price on shares of Ares Management and gave the company an “outperform” rating in a report on Wednesday, January 7th. Thirteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $192.14.

Insider Activity at Ares Management

In related news, CEO Michael J. Arougheti sold 56,257 shares of Ares Management stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $157.26, for a total value of $8,846,975.82. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 590,000 shares of company stock valued at $90,653,808. 36.86% of the stock is owned by company insiders.

Ares Management Stock Up 0.3%

ARES stock opened at $170.00 on Friday. Ares Management Corporation has a one year low of $110.63 and a one year high of $200.49. The stock has a market capitalization of $55.57 billion, a PE ratio of 72.96, a price-to-earnings-growth ratio of 0.98 and a beta of 1.53. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.22 and a current ratio of 0.22. The company has a fifty day moving average of $163.30 and a 200-day moving average of $168.35.

Ares Management (NYSE:ARES) last issued its quarterly earnings results on Friday, October 31st. The asset manager reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.05. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.03 billion. Ares Management had a net margin of 11.72% and a return on equity of 16.33%. During the same period in the previous year, the business posted $0.55 earnings per share. As a group, analysts expect that Ares Management Corporation will post 5.28 EPS for the current year.

Ares Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th were paid a dividend of $0.8438 per share. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, December 17th. Ares Management’s dividend payout ratio is 192.27%.

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.