Ares Management LP (NYSE:ARES) declared a quarterly dividend on Monday, November 7th. Stockholders of record on Monday, November 21st will be paid a dividend of 0.20 per share on Monday, December 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date is Thursday, November 17th.

Ares Management (NYSE:ARES) opened at 16.90 on Friday. The stock has a market cap of $3.62 billion, a PE ratio of 19.56 and a beta of 1.14. Ares Management has a 12 month low of $10.72 and a 12 month high of $19.54. The stock has a 50 day moving average price of $17.42 and a 200-day moving average price of $16.12.

Ares Management (NYSE:ARES) last released its quarterly earnings results on Monday, November 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.08. Ares Management had a return on equity of 25.44% and a net margin of 7.79%. The company earned $335.46 million during the quarter, compared to analysts’ expectations of $166 million. On average, analysts expect that Ares Management will post $1.24 EPS for the current year.

Dividend History for Ares Management (NYSE:ARES)

Several large investors have recently made changes to their positions in ARES. American Century Companies Inc. increased its stake in shares of Ares Management by 4.2% in the second quarter. American Century Companies Inc. now owns 1,001,565 shares of the company’s stock valued at $14,112,000 after buying an additional 40,361 shares in the last quarter. Raymond James & Associates bought a new stake in shares of Ares Management during the second quarter valued at approximately $184,000. KCG Holdings Inc. bought a new stake in shares of Ares Management during the third quarter valued at approximately $176,000. Morgan Stanley increased its stake in shares of Ares Management by 2.3% in the third quarter. Morgan Stanley now owns 181,322 shares of the company’s stock valued at $3,157,000 after buying an additional 4,044 shares in the last quarter. Finally, BlackRock Investment Management LLC increased its stake in shares of Ares Management by 4.6% in the third quarter. BlackRock Investment Management LLC now owns 43,016 shares of the company’s stock valued at $749,000 after buying an additional 1,900 shares in the last quarter. 10.20% of the stock is owned by institutional investors and hedge funds.

ARES has been the subject of several recent analyst reports. Zacks Investment Research cut Ares Management from a “buy” rating to a “hold” rating in a research note on Thursday, November 3rd. TheStreet upgraded Ares Management from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th. Bank of America Corp. lowered Ares Management from a “buy” rating to a “neutral” rating in a report on Wednesday, August 10th. They noted that the move was a valuation call. Morgan Stanley set a $15.00 price objective on Ares Management and gave the company a “hold” rating in a report on Thursday, August 11th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating on shares of Ares Management in a report on Tuesday, September 20th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $17.60.

About Ares Management

Ares Management, L.P. is an alternative asset manager. The Company operates through four segments: Tradable Credit Group, Direct Lending Group, Private Equity Group and Real Estate Group. Its Tradable Credit Group is a participant in the tradable, non-investment grade corporate credit markets and manages various types of investment funds, ranging from commingled and separately managed accounts for institutional investors to publicly traded vehicles and sub-advised funds for retail investors.

5 Day Chart for NYSE:ARES

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