Ares Management Corporation (NYSE:ARES) Receives Consensus Rating of “Moderate Buy” from Analysts

Ares Management Corporation (NYSE:ARES) has earned a consensus recommendation of “Moderate Buy” from the nineteen research firms that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $162.5625.

ARES has been the topic of a number of research reports. Barclays increased their price objective on Ares Management from $127.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Wall Street Zen lowered shares of Ares Management from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. TD Cowen dropped their price objective on Ares Management from $148.00 to $144.00 and set a “buy” rating for the company in a report on Monday. The Goldman Sachs Group reduced their price target on shares of Ares Management from $165.00 to $131.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Finally, Raymond James Financial upgraded shares of Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 target price on the stock in a report on Monday, February 9th.

Ares Management Stock Up 0.4%

Shares of Ares Management stock opened at $124.45 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.96. Ares Management has a 1 year low of $95.80 and a 1 year high of $195.26. The stock has a 50-day moving average price of $113.00 and a 200 day moving average price of $137.16. The company has a market cap of $41.05 billion, a P/E ratio of 57.88, a P/E/G ratio of 1.08 and a beta of 1.50.

Ares Management (NYSE:ARES) last issued its earnings results on Friday, May 1st. The asset manager reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.08). Ares Management had a return on equity of 22.14% and a net margin of 10.54%.The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the company earned $1.09 earnings per share. As a group, analysts expect that Ares Management will post 6.06 EPS for the current fiscal year.

Ares Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a dividend of $1.35 per share. The ex-dividend date is Tuesday, June 16th. This represents a $5.40 dividend on an annualized basis and a yield of 4.3%. Ares Management’s dividend payout ratio (DPR) is presently 251.16%.

Hedge Funds Weigh In On Ares Management

Hedge funds have recently added to or reduced their stakes in the stock. Osbon Capital Management LLC acquired a new position in Ares Management in the 4th quarter worth about $32,000. Redmont Wealth Advisors LLC bought a new position in shares of Ares Management during the 3rd quarter worth approximately $40,000. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Ares Management in the 4th quarter worth approximately $42,000. Elyxium Wealth LLC bought a new position in shares of Ares Management in the fourth quarter valued at approximately $42,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Ares Management during the fourth quarter valued at approximately $49,000. Institutional investors own 50.03% of the company’s stock.

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.