Analysts Set Ares Management Corporation (NYSE:ARES) Target Price at $163.12

Shares of Ares Management Corporation (NYSE:ARES) have received a consensus recommendation of “Moderate Buy” from the nineteen ratings firms that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $161.1875.

Several research analysts recently weighed in on ARES shares. Wall Street Zen downgraded shares of Ares Management from a “hold” rating to a “sell” rating in a report on Saturday, July 4th. Citigroup reaffirmed an “outperform” rating on shares of Ares Management in a research note on Thursday. Barclays cut their target price on Ares Management from $140.00 to $139.00 and set an “overweight” rating for the company in a research report on Thursday. JPMorgan Chase & Co. decreased their target price on Ares Management from $188.00 to $144.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 28th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Ares Management in a report on Wednesday, April 29th.

Hedge Funds Weigh In On Ares Management

A number of hedge funds and other institutional investors have recently modified their holdings of ARES. Osbon Capital Management LLC bought a new stake in Ares Management in the 4th quarter valued at $32,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in Ares Management in the 4th quarter worth $42,000. Elyxium Wealth LLC bought a new position in shares of Ares Management during the 4th quarter valued at about $42,000. Summit Securities Group LLC bought a new position in shares of Ares Management during the 4th quarter valued at about $49,000. Finally, Western Wealth Management LLC purchased a new position in shares of Ares Management during the first quarter valued at about $50,000. Institutional investors own 50.03% of the company’s stock.

Ares Management Stock Performance

ARES opened at $121.65 on Friday. The company has a 50 day simple moving average of $123.48 and a two-hundred day simple moving average of $128.76. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a market cap of $40.13 billion, a P/E ratio of 56.58, a PEG ratio of 1.04 and a beta of 1.51. Ares Management has a 1-year low of $95.80 and a 1-year high of $195.26.

Ares Management (NYSE:ARES) last announced its quarterly earnings data on Friday, May 1st. The asset manager reported $1.24 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.08). Ares Management had a net margin of 10.54% and a return on equity of 22.14%. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the business earned $1.09 earnings per share. Equities analysts forecast that Ares Management will post 6.04 earnings per share for the current fiscal year.

Ares Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were given a dividend of $1.35 per share. The ex-dividend date was Tuesday, June 16th. This represents a $5.40 annualized dividend and a dividend yield of 4.4%. Ares Management’s dividend payout ratio (DPR) is presently 251.16%.

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.