Ares Management Corporation (NYSE:ARES) Stock Has Average Target Price of $156.25 According to Analysts

Shares of Ares Management Corporation (NYSE:ARES) have been assigned a consensus recommendation of “Moderate Buy” from the nineteen ratings firms that are covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $155.38.

Several equities analysts have recently issued reports on the company. Citigroup restated a “market outperform” rating on shares of Ares Management in a research report on Friday, October 9th. Barclays lowered their price target on Ares Management from $140.00 to $139.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Royal Bank Of Canada increased their price target on shares of Ares Management from $162.00 to $168.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. UBS Group reduced their price objective on shares of Ares Management from $142.00 to $134.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, TD Cowen reduced their price objective on shares of Ares Management from $163.00 to $159.00 and set a “buy” rating on the stock in a research note on Monday.

Hedge Funds Weigh In On Ares Management

A number of hedge funds and other institutional investors have recently made changes to their positions in ARES. Principal Financial Group Inc. lifted its holdings in Ares Management by 4.4% during the first quarter. Principal Financial Group Inc. now owns 4,009,291 shares of the asset manager’s stock worth $437,417,000 after acquiring an additional 169,598 shares in the last quarter. Vulcan Value Partners LLC grew its stake in Ares Management by 12.5% in the second quarter. Vulcan Value Partners LLC now owns 1,902,580 shares of the asset manager’s stock valued at $211,776,000 after acquiring an additional 211,404 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Ares Management by 43.8% in the first quarter. Janus Henderson Group PLC now owns 1,653,078 shares of the asset manager’s stock worth $180,343,000 after acquiring an additional 503,688 shares in the last quarter. Curated Wealth Partners LLC increased its holdings in shares of Ares Management by 968.3% in the third quarter. Curated Wealth Partners LLC now owns 1,450,854 shares of the asset manager’s stock worth $168,546,000 after acquiring an additional 1,315,043 shares in the last quarter. Finally, River Road Asset Management LLC increased its holdings in shares of Ares Management by 40,652.1% in the fourth quarter. River Road Asset Management LLC now owns 807,300 shares of the asset manager’s stock worth $130,484,000 after acquiring an additional 805,319 shares in the last quarter. 50.03% of the stock is owned by institutional investors.

Ares Management Stock Up 1.0%

NYSE:ARES opened at $113.59 on Tuesday. Ares Management has a 12-month low of $95.80 and a 12-month high of $181.19. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $37.52 billion, a P/E ratio of 21.76, a P/E/G ratio of 1.01 and a beta of 1.53. The stock’s fifty day simple moving average is $130.59 and its 200-day simple moving average is $124.45.

Ares Management (NYSE:ARES) last announced its quarterly earnings data on Friday, July 31st. The asset manager reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. Ares Management had a return on equity of 25.42% and a net margin of 10.63%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. Equities research analysts expect that Ares Management will post 5.85 earnings per share for the current year.

Ares Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Wednesday, September 16th. Ares Management’s dividend payout ratio is presently 247.71%.

About Ares Management

Ares Management Corporation (NYSE: ARES) is a global alternative investment manager that provides investment solutions across credit, private equity, real assets and secondaries. The company serves institutional investors, including pension plans, insurance companies, endowments and foundations, as well as wealth-management clients and other investors.

Its investment businesses include direct lending and other private credit strategies, liquid credit, corporate private equity, real estate, infrastructure and secondary investments.