Ares Management Corporation (NYSE:ARES) Receives Average Recommendation of “Moderate Buy” from Brokerages

Ares Management Corporation (NYSE:ARES) has been given a consensus recommendation of “Moderate Buy” by the nineteen ratings firms that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $166.0625.

A number of equities research analysts recently commented on the stock. Wall Street Zen cut shares of Ares Management from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Oppenheimer reissued an “outperform” rating and set a $146.00 target price (down from $147.00) on shares of Ares Management in a research report on Monday, May 4th. Zacks Research raised shares of Ares Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft raised shares of Ares Management from a “hold” rating to a “buy” rating and decreased their target price for the company from $182.00 to $155.00 in a research report on Friday, February 6th. Finally, Raymond James Financial upgraded shares of Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 price target on the stock in a research note on Monday, February 9th.

Ares Management Price Performance

Shares of ARES opened at $123.44 on Friday. The company has a 50 day moving average price of $111.65 and a 200-day moving average price of $138.09. Ares Management has a fifty-two week low of $95.80 and a fifty-two week high of $195.26. The stock has a market capitalization of $40.72 billion, a PE ratio of 57.42, a PEG ratio of 1.12 and a beta of 1.50. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.22 and a current ratio of 0.23.

Ares Management (NYSE:ARES) last posted its earnings results on Friday, May 1st. The asset manager reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). Ares Management had a net margin of 10.54% and a return on equity of 22.14%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the company earned $1.09 EPS. Equities analysts predict that Ares Management will post 6.05 earnings per share for the current fiscal year.

Ares Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid 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 4.4%. Ares Management’s dividend payout ratio is presently 251.16%.

Insider Transactions at Ares Management

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. Insiders own 36.86% of the company’s stock.

Institutional Inflows and Outflows

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

Ares Management Company Profile

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.