Ares Management Corporation (NYSE:ARES) Receives $166.06 Average Target Price from Analysts

Ares Management Corporation (NYSE:ARES) has been given a consensus rating of “Moderate Buy” by the nineteen research firms that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $162.5625.

A number of equities analysts have recently issued reports on ARES shares. UBS Group set a $148.00 price objective on shares of Ares Management in a research note on Friday, February 20th. Zacks Research upgraded shares of Ares Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Ares Management from a “hold” rating to a “buy” rating and dropped their price objective for the company from $182.00 to $155.00 in a research note on Friday, February 6th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ares Management in a research note on Wednesday, April 29th. Finally, Oppenheimer reiterated an “outperform” rating and set a $146.00 price objective (down from $147.00) on shares of Ares Management in a research note on Monday, May 4th.

Ares Management Stock Performance

Shares of NYSE:ARES opened at $123.67 on Friday. The firm has a market cap of $40.79 billion, a PE ratio of 57.52, a price-to-earnings-growth ratio of 1.08 and a beta of 1.50. The firm’s 50 day simple moving average is $111.78 and its 200-day simple moving average is $137.81. Ares Management has a one year low of $95.80 and a one year high of $195.26. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.23 and a current ratio of 0.23.

Ares Management (NYSE:ARES) last issued its earnings results on Friday, May 1st. The asset manager reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Ares Management had a return on equity of 22.14% and a net margin of 10.54%.During the same period last year, the business posted $1.09 earnings per share. As a group, equities analysts predict that Ares Management will post 6.05 EPS for the current year.

Ares Management Dividend Announcement

The firm 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 dividend of $1.35 per share. The ex-dividend date is Tuesday, June 16th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.4%. Ares Management’s dividend payout ratio (DPR) is currently 251.16%.

Insider Activity

In other Ares Management news, Director Judy D. Olian acquired 480 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were purchased at an average cost of $124.43 per share, for a total transaction of $59,726.40. Following the completion of the purchase, the director owned 29,734 shares in the company, valued at approximately $3,699,801.62. This trade represents a 1.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On Ares Management

Several institutional investors have recently bought and sold shares of ARES. AQR Capital Management LLC boosted its stake in 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. boosted its stake in 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 boosted its stake in 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 boosted its stake in 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. boosted its stake in 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. 50.03% of the stock is currently owned by institutional investors and hedge funds.

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.