Ares Management Corporation (NYSE:ARES) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Ares Management Corporation (NYSE:ARES) have received an average recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $160.4667.

ARES has been the topic of a number of recent analyst reports. Citigroup reaffirmed a “market outperform” rating on shares of Ares Management in a research note on Monday, August 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Ares Management in a report on Friday, August 21st. Oppenheimer boosted their price target on shares of Ares Management from $151.00 to $162.00 and gave the stock an “outperform” rating in a research report on Thursday. Keefe, Bruyette & Woods upgraded shares of Ares Management to a “hold” rating in a research report on Monday, July 20th. Finally, Morgan Stanley set a $160.00 target price on shares of Ares Management in a research note on Tuesday, July 21st.

Ares Management Trading Up 0.1%

Shares of NYSE ARES opened at $142.51 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.26 and a current ratio of 0.26. Ares Management has a 52-week low of $95.80 and a 52-week high of $186.85. The firm has a 50 day moving average price of $128.82 and a two-hundred day moving average price of $122.18. The stock has a market cap of $47.07 billion, a P/E ratio of 65.37, a price-to-earnings-growth ratio of 1.23 and a beta of 1.49.

Ares Management (NYSE:ARES) last posted its quarterly earnings data on Friday, July 31st. The asset manager reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.27 billion. Ares Management had a return on equity of 25.42% and a net margin of 10.63%.Ares Management’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 earnings per share. As a group, equities analysts forecast that Ares Management will post 5.94 EPS for the current year.

Ares Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Wednesday, September 16th. Ares Management’s dividend payout ratio (DPR) is presently 247.71%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Corient Private Wealth LP grew its stake in Ares Management by 36.2% during the second quarter. Corient Private Wealth LP now owns 435,078 shares of the asset manager’s stock worth $48,429,000 after purchasing an additional 115,682 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Ares Management in the second quarter worth approximately $1,831,000. Caz Investments LP acquired a new position in Ares Management in the second quarter valued at approximately $11,131,000. California State Teachers Retirement System lifted its stake in Ares Management by 10,879.6% in the second quarter. California State Teachers Retirement System now owns 33,559,520 shares of the asset manager’s stock valued at $3,735,510,000 after buying an additional 33,253,867 shares during the period. Finally, Greenland Capital Management LP boosted its holdings in shares of Ares Management by 52.8% during the 2nd quarter. Greenland Capital Management LP now owns 6,800 shares of the asset manager’s stock worth $757,000 after buying an additional 2,350 shares in the last quarter. 50.03% of the stock is owned by institutional investors and hedge funds.

About Ares Management

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.