5 Best Dividend Stocks to Buy According to James Parsons’ Junto Capital Management

3. Ares Management Corporation (NYSE: ARES)

Parsons’ Stake Value: $53,217,000
Percentage of James Parsons’ 13F Portfolio: 1.91%
Dividend Yield: 2.74%
Number of Hedge Fund Holders: 16

Ares Management Corporation (NYSE: ARES) works as an alternative fund management company in the United States, Europe, and Asia. The company was founded in 1997 and stands third on the list of 10 best dividend stocks to buy according to James Parsons’ Junto Capital Management. Ares Management shares have gained 63.36% over the last 12 months.

On June 24, Ares Management Corporation (NYSE: ARES) announced that its indirect subsidiary Ares Finance Co. III is planning to offer fixed-rate revised subordinated notes. The company intends to use the net proceeds for common corporate purposes, together with repaying debt and fund growth strategies. On May 20, the company announced that its subsidiary attained 100% of Black Creek Group’s U.S. real estate finance consultation and dispersal business. The partnership aims to offer new policies, broaden sourcing networks, and support execution. On April 29, Ares Management declared a quarterly dividend of $0.47 in line with the previous.

Junto Capital Management holds 949,803 shares in the company worth $53.22 million. Parsons hedge fund increased its stake in the company by 61% in the first quarter. Out of the hedge funds being tracked by Insider Monkey, HMI Capital is the biggest stakeholder of the company with 5.74 million shares, worth $321.65 million.