Ares Management Corporation (NYSE:ARES) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Ares Management Corporation (NYSE:ARES) have earned an average recommendation of “Moderate Buy” from the eighteen ratings firms that are covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $159.7333.

ARES has been the subject of several analyst reports. BMO Capital Markets boosted their price target on shares of Ares Management from $128.00 to $134.00 and gave the company a “market perform” rating in a report on Monday. Oppenheimer upped their target price on shares of Ares Management from $140.00 to $151.00 and gave the stock an “outperform” rating in a research report on Monday. TD Cowen boosted their price objective on Ares Management from $153.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday. JPMorgan Chase & Co. raised their target price on Ares Management from $143.00 to $153.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Royal Bank Of Canada boosted their price target on Ares Management from $162.00 to $168.00 and gave the stock an “outperform” rating in a research report on Monday.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Quilter Plc boosted its holdings in Ares Management by 5.6% during the fourth quarter. Quilter Plc now owns 704,069 shares of the asset manager’s stock valued at $113,799,000 after purchasing an additional 37,366 shares in the last quarter. New York Life Investment Management LLC increased its position in Ares Management by 1,033.1% in the fourth quarter. New York Life Investment Management LLC now owns 28,272 shares of the asset manager’s stock worth $4,570,000 after purchasing an additional 25,777 shares during the period. Osprey Private Wealth LLC boosted its stake in Ares Management by 25.6% in the fourth quarter. Osprey Private Wealth LLC now owns 64,530 shares of the asset manager’s stock valued at $10,430,000 after acquiring an additional 13,165 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Ares Management by 20.2% during the fourth quarter. Vanguard Group Inc. now owns 26,050,425 shares of the asset manager’s stock worth $4,210,530,000 after buying an additional 4,373,955 shares during the last quarter. Finally, M&T Bank Corp increased its position in shares of Ares Management by 169.3% in the 4th quarter. M&T Bank Corp now owns 26,526 shares of the asset manager’s stock valued at $4,287,000 after buying an additional 16,677 shares in the last quarter. 50.03% of the stock is owned by institutional investors and hedge funds.

Ares Management Price Performance

ARES opened at $140.04 on Thursday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.96. The company’s 50-day moving average price is $124.71 and its 200 day moving average price is $122.99. Ares Management has a fifty-two week low of $95.80 and a fifty-two week high of $195.26. The firm has a market cap of $46.19 billion, a price-to-earnings ratio of 64.24, a price-to-earnings-growth ratio of 1.27 and a beta of 1.49.

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

Ares Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a dividend of $1.35 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $5.40 annualized dividend and a yield of 3.9%. Ares Management’s payout ratio is presently 247.71%.

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.