Ares Management Corporation (ARES) and Nuveen California AMT-Free Quality Municipal Income Fund (NYSE:NKX) Comparison side by side

Ares Management Corporation (NYSE:ARES) and Nuveen California AMT-Free Quality Municipal Income Fund (NYSE:NKX) have been rivals in the Asset Management for quite some time. Below is a review of each business including various aspects such as institutional ownership, analyst recommendations, profitability, risk, dividends, earnings and valuation.

Earnings and Valuation

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Ares Management Corporation 958.46M 5.45 28.37M 0.16 143.73
Nuveen California AMT-Free Quality Municipal Income Fund 50.10M 13.36 3.76M 0.08 171.77

Table 1 showcases the gross revenue, earnings per share (EPS) and valuation of Ares Management Corporation and Nuveen California AMT-Free Quality Municipal Income Fund. Nuveen California AMT-Free Quality Municipal Income Fund is observed to has lower revenue and earnings than Ares Management Corporation. When company has lower P/E means it is more affordable than its counterpart presently. Ares Management Corporation’s presently lower P/E ratio means it is more affordable than Nuveen California AMT-Free Quality Municipal Income Fund.

Profitability

Table 2 demonstrates the return on equity, net margins and return on assets of Ares Management Corporation and Nuveen California AMT-Free Quality Municipal Income Fund.

Net Margins Return on Equity Return on Assets
Ares Management Corporation 2.96% 23.3% 0.8%
Nuveen California AMT-Free Quality Municipal Income Fund 7.50% 0% 0%

Dividends

Ares Management Corporation pays out $1.12 per share annually while its annual dividend yield is 4.75%. On the other side Nuveen California AMT-Free Quality Municipal Income Fund pays an annual dividend of $0.71 per share. It’s dividend yield is 5.08%.

Analyst Ratings

The table given features the ratings and recommendations for Ares Management Corporation and Nuveen California AMT-Free Quality Municipal Income Fund.

Sell Ratings Hold Ratings Buy Ratings Rating Score
Ares Management Corporation 0 1 2 2.67
Nuveen California AMT-Free Quality Municipal Income Fund 0 0 0 0.00

Ares Management Corporation has an average target price of $24.33, and a 2.40% upside potential.

Institutional & Insider Ownership

Ares Management Corporation and Nuveen California AMT-Free Quality Municipal Income Fund has shares held by institutional investors as follows: 60.7% and 15.2%. 2.1% are Ares Management Corporation’s share held by insiders.

Performance

Here are the Weekly, Monthly, Quarterly, Half Yearly, Yearly and YTD Performance of both pretenders.

Performance (W) Performance (M) Performance (Q) Performance (HY) Performance (Y) Performance (YTD)
Ares Management Corporation -2.81% 10.93% 0.56% 6.15% -6.51% 30.15%
Nuveen California AMT-Free Quality Municipal Income Fund 0.97% 2.11% 7.44% 1.72% -2.86% 7.02%

For the past year Ares Management Corporation has stronger performance than Nuveen California AMT-Free Quality Municipal Income Fund

Summary

On 11 of the 15 factors Ares Management Corporation beats Nuveen California AMT-Free Quality Municipal Income Fund.

Nuveen California AMT-Free Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. It invests in the fixed income markets of California, United States. The fund primarily invests in undervalued municipal securities and other related investments the income which are exempt from regular federal and California income taxes and are rated Baa, BBB or higher with an average maturity of 20.17 years. It employs fundamental analysis with a bottom-up approach to create its portfolio. The fund benchmarks the performance of its portfolio against the Standard & Poor's (S&P) California Municipal Bond Index and the S&P National Municipal Bond Index. It was formerly known as Nuveen California AMT-Free Municipal Income Fund. Nuveen California AMT-Free Quality Municipal Income Fund was formed on November 21, 2002 and is domiciled in the United States.