Ares Management Corporation (NYSE:ARES) Receives $182.67 Consensus PT from Analysts

Ares Management Corporation (NYSE:ARES) has been given a consensus recommendation of “Moderate Buy” by the seventeen brokerages that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $182.6667.

A number of brokerages have recently issued reports on ARES. Royal Bank Of Canada lowered their target price on shares of Ares Management from $180.00 to $173.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Barclays reduced their price target on shares of Ares Management from $222.00 to $190.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Raymond James Financial raised shares of Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 price objective on the stock in a research report on Monday, February 9th. Wolfe Research set a $210.00 price objective on shares of Ares Management and gave the company an “outperform” rating in a research note on Wednesday, January 7th. Finally, Morgan Stanley set a $178.00 target price on shares of Ares Management in a report on Tuesday, January 27th.

Ares Management Stock Down 6.3%

Ares Management stock opened at $109.68 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 1.22. Ares Management has a 1-year low of $106.02 and a 1-year high of $195.26. The stock has a market cap of $36.14 billion, a PE ratio of 64.90, a P/E/G ratio of 0.74 and a beta of 1.55. The stock’s fifty day moving average is $145.14 and its two-hundred day moving average is $156.57.

Ares Management (NYSE:ARES) last announced its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.45 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.26). The company 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 quarter in the prior year, the business earned $0.55 earnings per share. On average, sell-side analysts expect that Ares Management will post 5.28 EPS for the current fiscal year.

Ares Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Tuesday, March 17th. This is a positive change from Ares Management’s previous quarterly dividend of $0.84. Ares Management’s payout ratio is 265.09%.

Insider Buying and Selling

In other news, Director Ashish Bhutani acquired 10,000 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were purchased at an average cost of $126.61 per share, for a total transaction of $1,266,100.00. Following the transaction, the director directly owned 34,071 shares in the company, valued at approximately $4,313,729.31. This represents a 41.54% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Judy D. Olian acquired 480 shares of the business’s stock in a transaction on Friday, February 20th. The shares were purchased 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. The trade was a 1.64% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 36.86% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC boosted its holdings in Ares Management by 116.7% in the 1st quarter. AQR Capital Management LLC now owns 10,360 shares of the asset manager’s stock valued at $1,519,000 after purchasing an additional 5,579 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Ares Management by 5.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,344 shares of the asset manager’s stock worth $197,000 after buying an additional 70 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Ares Management by 42.7% in the 1st quarter. Empowered Funds LLC now owns 6,197 shares of the asset manager’s stock valued at $909,000 after buying an additional 1,853 shares during the period. Focus Partners Wealth lifted its holdings in shares of Ares Management by 15.3% in the 1st quarter. Focus Partners Wealth now owns 1,902 shares of the asset manager’s stock valued at $279,000 after buying an additional 252 shares during the period. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Ares Management by 708.2% in the first quarter. Geneos Wealth Management Inc. now owns 493 shares of the asset manager’s stock valued at $72,000 after buying an additional 432 shares in the last quarter. 50.03% of the stock is currently owned by institutional investors and hedge funds.

Ares Management Company Profile

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.