Ares Management (NYSE:ARES) Price Target Raised to $200.00

Ares Management (NYSE:ARES) had its price objective increased by TD Cowen from $197.00 to $200.00 in a report published on Wednesday morning,Benzinga reports. TD Cowen currently has a buy rating on the asset manager’s stock.

A number of other research analysts also recently issued reports on the company. Wolfe Research set a $210.00 price objective on Ares Management and gave the company an “outperform” rating in a research note on Wednesday, January 7th. UBS Group dropped their price target on shares of Ares Management from $201.00 to $198.00 and set a “neutral” rating for the company in a research report on Tuesday. Barclays raised their price objective on shares of Ares Management from $218.00 to $222.00 and gave the company an “overweight” rating in a research report on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ares Management in a report on Monday, December 29th. Finally, Morgan Stanley cut their price target on Ares Management from $178.00 to $175.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 21st. Thirteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $192.14.

Ares Management Trading Up 0.3%

NYSE:ARES opened at $170.00 on Wednesday. Ares Management has a one year low of $110.63 and a one year high of $200.49. The business has a fifty day moving average price of $163.30 and a 200-day moving average price of $168.39. The firm has a market capitalization of $55.57 billion, a price-to-earnings ratio of 72.96, a price-to-earnings-growth ratio of 0.98 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 released its earnings results on Friday, October 31st. The asset manager reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.05. The company had revenue of $1.66 billion for 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 previous year, the business earned $0.55 earnings per share. Sell-side analysts forecast that Ares Management will post 5.28 EPS for the current year.

Ares Management Cuts Dividend

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

Insider Buying and Selling at Ares Management

In other news, CEO Michael J. Arougheti sold 56,257 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $157.26, for a total transaction of $8,846,975.82. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders have sold 590,000 shares of company stock valued at $90,653,808. Insiders own 36.86% of the company’s stock.

Institutional Investors Weigh In On Ares Management

Several institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC raised its holdings in Ares Management by 116.7% during the 1st quarter. AQR Capital Management LLC now owns 10,360 shares of the asset manager’s stock valued at $1,519,000 after buying an additional 5,579 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Ares Management by 5.5% in 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 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 worth $909,000 after acquiring an additional 1,853 shares during the last quarter. Focus Partners Wealth boosted its stake in shares of Ares Management by 15.3% during the 1st quarter. Focus Partners Wealth now owns 1,902 shares of the asset manager’s stock worth $279,000 after purchasing an additional 252 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in Ares Management by 708.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 493 shares of the asset manager’s stock valued at $72,000 after purchasing an additional 432 shares during the last quarter. 50.03% of the stock is 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.