Ares Management (NYSE:ARES) Price Target Raised to $153.00

Ares Management (NYSE:ARES) had its price objective raised by JPMorgan Chase & Co. from $143.00 to $153.00 in a research note published on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the asset manager’s stock.

A number of other research analysts have also commented on the stock. Zacks Research upgraded shares of Ares Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Keefe, Bruyette & Woods upgraded Ares Management to a “hold” rating in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $144.00 price target on shares of Ares Management in a research report on Monday. Royal Bank Of Canada boosted their price objective on Ares Management from $162.00 to $168.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, BMO Capital Markets lifted their target price on Ares Management from $128.00 to $134.00 and gave the stock a “market perform” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Ares Management has a consensus rating of “Moderate Buy” and an average target price of $159.73.

Ares Management Trading Down 2.0%

NYSE:ARES opened at $140.04 on Monday. The stock has a market cap of $46.19 billion, a price-to-earnings ratio of 64.24, a PEG ratio of 1.27 and a beta of 1.49. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.23 and a current ratio of 0.23. Ares Management has a 1 year low of $95.80 and a 1 year high of $195.26. The business has a fifty day moving average of $124.71 and a 200-day moving average of $122.99.

Ares Management (NYSE:ARES) last announced its earnings results on Friday, July 31st. The asset manager reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.27 billion. Ares Management had a net margin of 10.63% and a return on equity of 25.47%. Ares Management’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 EPS. Equities analysts predict that Ares Management will post 5.97 earnings per share for the current year.

Ares Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a $1.35 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.9%. Ares Management’s dividend payout ratio (DPR) is 247.71%.

Institutional Trading of Ares Management

Several institutional investors and hedge funds have recently bought and sold shares of ARES. AQR Capital Management LLC increased its position in shares of Ares Management by 116.7% in the first quarter. AQR Capital Management LLC now owns 10,360 shares of the asset manager’s stock worth $1,519,000 after acquiring an additional 5,579 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Ares Management by 5.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,344 shares of the asset manager’s stock valued at $197,000 after acquiring an additional 70 shares during the period. Empowered Funds LLC lifted its position 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 acquiring an additional 1,853 shares in the last quarter. Focus Partners Wealth lifted its position 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 acquiring an additional 252 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in Ares Management by 708.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 493 shares of the asset manager’s stock worth $72,000 after purchasing an additional 432 shares during the period. Institutional investors and hedge funds 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.