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

Shares of Ares Management Corporation (NYSE:ARES) have been assigned a consensus rating of “Moderate Buy” from the seventeen analysts that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $182.6667.

ARES has been the subject of a number of recent research reports. Wolfe Research set a $210.00 target price on shares of Ares Management and gave the stock an “outperform” rating in a report on Wednesday, January 7th. TD Cowen reissued a “buy” rating on shares of Ares Management in a research report on Wednesday, January 14th. Wall Street Zen downgraded shares of Ares Management from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Morgan Stanley set a $178.00 price target on Ares Management in a research report on Tuesday, January 27th. Finally, Deutsche Bank Aktiengesellschaft upgraded Ares Management from a “hold” rating to a “buy” rating and decreased their price objective for the company from $182.00 to $155.00 in a report on Friday, February 6th.

Ares Management Stock Up 3.1%

Ares Management stock opened at $116.13 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The firm has a market cap of $37.96 billion, a P/E ratio of 68.72, a P/E/G ratio of 0.71 and a beta of 1.55. The business has a fifty day moving average of $147.36 and a two-hundred day moving average of $157.41. Ares Management has a twelve month low of $106.02 and a twelve month high of $195.26.

Ares Management (NYSE:ARES) last announced its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.26). The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Ares Management had a net margin of 9.41% and a return on equity of 19.04%. During the same quarter in the prior year, the business posted $0.55 earnings per share. On average, analysts forecast that Ares Management will post 5.28 earnings per share for the current fiscal year.

Ares Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a dividend of $1.35 per share. The ex-dividend date is Tuesday, March 17th. This is a positive change from Ares Management’s previous quarterly dividend of $0.84. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.6%. Ares Management’s payout ratio is presently 319.53%.

Insider Activity

In related news, Director Judy D. Olian purchased 480 shares of the business’s stock in a transaction on Friday, February 20th. The shares were acquired at an average price of $124.43 per share, for a total transaction of $59,726.40. Following the purchase, the director owned 29,734 shares of the company’s stock, valued at $3,699,801.62. This trade represents a 1.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ashish Bhutani purchased 10,000 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was bought at an average cost of $126.61 per share, with a total value of $1,266,100.00. Following the acquisition, the director owned 34,071 shares of the company’s stock, valued at approximately $4,313,729.31. The trade was a 41.54% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 36.86% of the company’s stock.

Hedge Funds Weigh In On Ares Management

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC grew its stake in Ares Management by 100.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 190 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 95 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Ares Management during the second quarter worth about $35,000. Redmont Wealth Advisors LLC purchased a new stake in Ares Management in the third quarter valued at approximately $40,000. Atlantic Edge Private Wealth Management LLC acquired a new position in Ares Management in the 4th quarter worth approximately $42,000. Finally, Elyxium Wealth LLC purchased a new position in Ares Management during the 4th quarter worth approximately $42,000. Hedge funds and other 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.