Ares Management Corporation (NYSE:ARES) Receives $192.14 Average Target Price from Analysts

Shares of Ares Management Corporation (NYSE:ARES) have received an average rating of “Moderate Buy” from the eighteen analysts that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $191.9286.

ARES has been the topic of a number of research reports. Citigroup reaffirmed a “market outperform” rating on shares of Ares Management in a report on Tuesday, October 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $215.00 price objective on shares of Ares Management in a report on Monday, September 29th. Keefe, Bruyette & Woods lifted their price objective on shares of Ares Management from $188.00 to $189.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. TD Cowen raised their price target on shares of Ares Management from $175.00 to $197.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Finally, Cowen reaffirmed a “buy” rating on shares of Ares Management in a report on Tuesday, November 4th.

Ares Management Trading Down 3.0%

Shares of ARES stock opened at $169.02 on Friday. Ares Management has a 1-year low of $110.63 and a 1-year high of $200.49. The firm’s 50-day simple moving average is $162.27 and its 200-day simple moving average is $168.39. The firm has a market cap of $55.25 billion, a P/E ratio of 72.54, a PEG ratio of 1.03 and a beta of 1.53. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.22 and a quick ratio of 0.22.

Ares Management (NYSE:ARES) last announced its quarterly earnings results on Friday, October 31st. The asset manager reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.05. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.03 billion. Ares Management had a return on equity of 16.33% and a net margin of 11.72%.During the same period in the prior year, the firm earned $0.55 EPS. As a group, equities analysts forecast that Ares Management will post 5.28 EPS for the current year.

Ares Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th were paid a dividend of $0.8438 per share. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Wednesday, December 17th. Ares Management’s payout ratio is currently 192.27%.

Insider Activity at Ares Management

In other Ares Management news, CEO Michael J. Arougheti sold 186,197 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $152.75, for a total transaction of $28,441,591.75. Following the completion of the transaction, the chief executive officer directly owned 290,997 shares of the company’s stock, valued at approximately $44,449,791.75. This trade represents a 39.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 590,000 shares of company stock worth $90,653,808 in the last quarter. 0.52% of the stock is 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 business. Exchange Traded Concepts LLC boosted its holdings in Ares Management by 100.0% during the third quarter. Exchange Traded Concepts LLC now owns 190 shares of the asset manager’s stock worth $30,000 after buying an additional 95 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of Ares Management during the 2nd quarter worth $35,000. Redmont Wealth Advisors LLC acquired a new position in shares of Ares Management in the 3rd quarter worth $40,000. Ameritas Advisory Services LLC acquired a new position in shares of Ares Management in the 2nd quarter worth $43,000. Finally, Washington Trust Advisors Inc. acquired a new stake in shares of Ares Management during the third quarter worth $50,000. 50.03% of the stock is currently owned by institutional investors.

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.