Ares Management (NYSE:ARES) Now Covered by Wells Fargo & Company

Wells Fargo & Company assumed coverage on shares of Ares Management (NYSE:ARES) in a research note issued to investors on Friday morning, MarketBeat.com reports. The firm issued an overweight rating and a $136.00 price objective on the asset manager’s stock.

Other research analysts have also issued reports about the company. Wall Street Zen lowered Ares Management from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th. Oppenheimer boosted their price target on Ares Management from $151.00 to $162.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. Piper Sandler started coverage on shares of Ares Management in a research note on Thursday, September 24th. They set an “overweight” rating and a $150.00 price objective on the stock. TD Cowen boosted their target price on shares of Ares Management from $153.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Finally, JPMorgan Chase & Co. upped their target price on shares of Ares Management from $143.00 to $153.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $156.00.

Ares Management Trading Up 1.0%

Shares of ARES stock opened at $117.69 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 1.00. Ares Management has a fifty-two week low of $95.80 and a fifty-two week high of $181.19. The firm’s 50 day moving average price is $133.54 and its two-hundred day moving average price is $123.69. The stock has a market cap of $38.87 billion, a price-to-earnings ratio of 53.98, a price-to-earnings-growth ratio of 1.01 and a beta of 1.53.

Ares Management (NYSE:ARES) last released its quarterly earnings data on Friday, July 31st. The asset manager reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.01. Ares Management had a net margin of 10.63% and a return on equity of 25.42%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, analysts anticipate that Ares Management will post 5.93 EPS for the current year.

Ares Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Wednesday, September 16th. Ares Management’s dividend payout ratio (DPR) is currently 247.71%.

Hedge Funds Weigh In On Ares Management

Several large investors have recently modified their holdings of ARES. Renaissance Technologies LLC bought a new stake in Ares Management in the first quarter valued at about $9,350,000. Junto Capital Management LP bought a new position in Ares Management during the second quarter worth $40,084,000. Wealthfront Advisers LLC increased its stake in Ares Management by 88.7% during the first quarter. Wealthfront Advisers LLC now owns 43,582 shares of the asset manager’s stock valued at $4,755,000 after purchasing an additional 20,490 shares during the last quarter. Bank of Nova Scotia increased its stake in Ares Management by 156.1% during the first quarter. Bank of Nova Scotia now owns 79,469 shares of the asset manager’s stock valued at $8,671,000 after purchasing an additional 48,438 shares during the last quarter. Finally, National Pension Service lifted its position in shares of Ares Management by 18.6% in the 2nd quarter. National Pension Service now owns 367,433 shares of the asset manager’s stock worth $40,899,000 after buying an additional 57,641 shares during the last quarter. Institutional investors own 50.03% of the company’s stock.

Key Headlines Impacting Ares Management

Here are the key news stories impacting Ares Management this week:

• Positive Sentiment: Ares raised $4.2 billion for its inaugural global structured solutions strategy, reportedly exceeding its target by more than four times. The strong demand supports expectations for higher fee-earning assets and future management-fee revenue. Ares Blows Past Target to Raise $4.2 Billion for Structured Fund
• Positive Sentiment: Ares provided approximately $1.8 billion at closing as part of a $2 billion commitment to a $6.5 billion multi-jurisdiction debt facility for Phoenix Tower International. The transaction expands Ares’ credit deployment and exposure to telecom infrastructure. Ares Provides $2 Billion Debt Facility to Phoenix Tower International
• Positive Sentiment: Ares is contributing more than €1 billion to Plenitude as part of a broader €1.5 billion capital increase with Eni. The investment deepens Ares’ relationship with the renewable-energy company and could support future asset growth and investment returns. Ares Strengthens Commitment to Plenitude Through €1 Billion Capital Contribution
• Positive Sentiment: Recent analysis describes Ares as a growth-oriented alternative-asset manager with recurring fundraising and dividend growth, despite a broader share-price decline this year. That framing may attract investors seeking both income and expansion potential. Ares Management: The Growth Stock Disguised as an Income Play
• Neutral Sentiment: Ares moved its third-quarter earnings webcast to 9:00 a.m. ET on October 29, with results scheduled before the market opens. The timing change itself does not alter fundamentals, but the report could become the next major catalyst for ARES. Ares Updates Earnings Conference Call Time
• Negative Sentiment: One valuation analysis suggests ARES is near fair value after a strong five-year run, potentially limiting additional upside unless fundraising, earnings or fee-related performance continues to exceed expectations. Ares Management Stock Looks Near Fair Value

Ares Management Company Profile

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.