Ares Management Corporation (NYSE:ARES) Stock Has Consensus Price Target of $146.21 According to Brokerages

Shares of Ares Management Corporation (NYSE:ARES) have been given an average recommendation of “Moderate Buy” by the twenty-one analysts that are presently covering the stock, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $146.21.

A number of equities analysts have recently issued reports on ARES shares. Barclays raised their price objective on Ares Management from $139.00 to $151.00 and gave the stock an “overweight” rating in a research report on Friday, October 30th. Wells Fargo & Company upped their target price on Ares Management from $136.00 to $141.00 and gave the company an “overweight” rating in a report on Friday, October 30th. UBS Group lowered their price target on shares of Ares Management from $142.00 to $134.00 and set a “neutral” rating for the company in a report on Tuesday, October 13th. The Goldman Sachs Group dropped their price target on shares of Ares Management from $145.00 to $139.00 and set a “buy” rating on the stock in a research report on Friday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $144.00 price objective (up from $140.00) on shares of Ares Management in a research note on Monday, August 3rd.

Ares Management Stock Performance

Shares of Ares Management stock opened at $139.78 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 1.00. Ares Management has a twelve month low of $95.80 and a twelve month high of $181.19. The stock has a market cap of $46.17 billion, a price-to-earnings ratio of 26.12, a P/E/G ratio of 1.22 and a beta of 1.49. The company’s fifty day moving average is $125.08 and its 200 day moving average is $124.27.

Ares Management (NYSE:ARES) last announced its earnings results on Thursday, October 29th. The asset manager reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.01. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.24 billion. Ares Management had a return on equity of 25.74% and a net margin of 7.51%. Ares Management’s revenue for the quarter was down 13.5% compared to the same quarter last year. During the same period last year, the company earned $1.15 EPS. Sell-side analysts forecast that Ares Management will post 5.70 EPS for the current year.

Ares Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 17th will be issued a $1.35 dividend. The ex-dividend date is Thursday, December 17th. This represents a $5.40 annualized dividend and a yield of 3.9%. Ares Management’s payout ratio is presently 435.48%.

Institutional Trading of Ares Management

A number of large investors have recently bought and sold shares of ARES. Triumph Capital Management boosted its position in shares of Ares Management by 127.3% during the 2nd quarter. Triumph Capital Management now owns 250 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 140 shares in the last quarter. CoreCap Advisors LLC increased its holdings in Ares Management by 178.0% in the third quarter. CoreCap Advisors LLC now owns 253 shares of the asset manager’s stock worth $29,000 after purchasing an additional 162 shares in the last quarter. Wellington Altus USA Inc. bought a new stake in Ares Management in the second quarter worth approximately $35,000. Anchor Investment Management LLC bought a new stake in Ares Management in the second quarter worth approximately $38,000. Finally, Root Financial Partners LLC acquired a new position in Ares Management in the third quarter valued at approximately $41,000. 50.03% of the stock is currently owned by institutional investors and hedge funds.

Ares Management Company Profile

Ares Management Corporation is a global alternative investment manager that provides investment solutions across credit, private equity, real estate and infrastructure. Its strategies include direct lending, liquid and opportunistic credit, asset-based finance, private equity investing, and real estate debt and equity.

Founded in 1997, the firm serves institutional and individual investors through investment funds and other vehicles. Ares operates across North America, Europe and the Asia-Pacific region.

Co-founder Michael Arougheti is the company’s chief executive officer.