Shares of Ares Management LP (NYSE:ARES) have been assigned an average rating of “Hold” from the six analysts that are currently covering the stock. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $17.33.

Several equities analysts have recently issued reports on ARES shares. Keefe, Bruyette & Woods set a $21.00 price target on shares of Ares Management and gave the company a “buy” rating in a report on Saturday, October 15th. Zacks Investment Research raised shares of Ares Management from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Tuesday, October 11th. TheStreet raised shares of Ares Management from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th. Morgan Stanley set a $15.00 price target on shares of Ares Management and gave the company a “hold” rating in a report on Thursday, August 11th. Finally, Bank of America Corp. lowered shares of 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.

Ares Management (NYSE:ARES) traded down 0.29% during trading on Tuesday, reaching $16.95. The company’s stock had a trading volume of 14,043 shares. The company has a market cap of $3.63 billion, a P/E ratio of 19.62 and a beta of 1.14. The company’s 50 day moving average price is $17.06 and its 200 day moving average price is $16.35. Ares Management has a 52 week low of $10.72 and a 52 week high of $19.54.

Ares Management (NYSE:ARES) last issued its earnings results on Monday, November 7th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.38 by $0.08. The company earned $335.46 million during the quarter, compared to analysts’ expectations of $166 million. Ares Management had a net margin of 7.79% and a return on equity of 25.44%. On average, equities analysts anticipate that Ares Management will post $1.32 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 5th. Investors of record on Monday, November 21st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend is Thursday, November 17th. Ares Management’s payout ratio is presently 94.12%.

A number of institutional investors have recently made changes to their positions in the company. BlackRock Investment Management LLC raised its position 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 worth $749,000 after buying an additional 1,900 shares during the last quarter. BlackRock Advisors LLC raised its position in shares of Ares Management by 1.9% in the third quarter. BlackRock Advisors LLC now owns 209,184 shares of the company’s stock worth $3,642,000 after buying an additional 4,000 shares during the last quarter. Morgan Stanley increased its position in Ares Management by 2.3% in the third quarter. Morgan Stanley now owns 181,322 shares of the company’s stock worth $3,157,000 after buying an additional 4,044 shares in the last quarter. KCG Holdings Inc. acquired a new position in Ares Management during the third quarter worth approximately $176,000. Finally, PNC Financial Services Group Inc. increased its position in Ares Management by 10.7% in the third quarter. PNC Financial Services Group Inc. now owns 114,754 shares of the company’s stock worth $1,997,000 after buying an additional 11,081 shares in the last quarter. 10.06% of the stock is owned by hedge funds and other institutional investors.

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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.

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