Ares Management Corporation (NYSE:ARES) Receives $168.73 Consensus Target Price from Analysts

Ares Management Corporation (NYSE:ARES) has been assigned a consensus rating of “Moderate Buy” from the eighteen analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $166.7333.

A number of equities research analysts have recently commented on ARES shares. Wall Street Zen lowered Ares Management from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Deutsche Bank Aktiengesellschaft raised Ares Management from a “hold” rating to a “buy” rating and dropped their price target for the stock from $182.00 to $155.00 in a research report on Friday, February 6th. The Goldman Sachs Group dropped their price target on Ares Management from $165.00 to $131.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. UBS Group set a $148.00 price target on Ares Management in a research report on Friday, February 20th. Finally, Royal Bank Of Canada dropped their price target on Ares Management from $180.00 to $173.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th.

Insider Buying and Selling

In other news, Director Judy D. Olian bought 480 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were acquired at an average price of $124.43 per share, with a total value of $59,726.40. Following the transaction, the director owned 29,734 shares in the company, valued at $3,699,801.62. This represents a 1.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ashish Bhutani bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was purchased at an average cost of $126.61 per share, for a total transaction of $1,266,100.00. Following the transaction, the director owned 34,071 shares in the company, valued at $4,313,729.31. The trade was a 41.54% increase in their position. The SEC filing for this purchase provides additional information. 36.86% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ares Management

Hedge funds and other institutional investors have recently bought and sold shares of the company. Exchange Traded Concepts LLC raised its position in Ares Management by 100.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 190 shares of the asset manager’s stock valued at $30,000 after buying an additional 95 shares during the last quarter. Osbon Capital Management LLC acquired a new stake in Ares Management in the 4th quarter valued at approximately $32,000. Redmont Wealth Advisors LLC acquired a new stake in Ares Management in the 3rd quarter valued at approximately $40,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in Ares Management in the 4th quarter valued at approximately $42,000. Finally, Elyxium Wealth LLC acquired a new stake in Ares Management in the 4th quarter valued at approximately $42,000. Institutional investors and hedge funds own 50.03% of the company’s stock.

Ares Management Trading Down 5.2%

NYSE ARES opened at $114.78 on Tuesday. The firm has a market cap of $37.82 billion, a P/E ratio of 67.92, a P/E/G ratio of 1.07 and a beta of 1.52. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 1.22. The stock’s 50-day moving average is $112.05 and its 200-day moving average is $140.74. Ares Management has a one year low of $95.80 and a one year high of $195.26.

Ares Management (NYSE:ARES) last released its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.45 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.26). The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.38 billion. Ares Management had a return on equity of 19.04% and a net margin of 9.41%.During the same period in the prior year, the business earned $0.55 EPS. Sell-side analysts anticipate that Ares Management will post 6.22 earnings per share for the current fiscal year.

Ares Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were given a $1.35 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $5.40 dividend on an annualized basis and a yield of 4.7%. This is a boost from Ares Management’s previous quarterly dividend of $0.84. Ares Management’s payout ratio is 319.53%.

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.