Ares Management Corporation (ARES) To Go Ex-Dividend on March 17th

Ares Management Corporation (NYSE:ARES) announced a quarterly dividend on Thursday, February 5th. Investors of record on Tuesday, March 17th will be given a dividend of 1.35 per share by the asset manager on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, March 17th. This is a 60.0% increase from Ares Management’s previous quarterly dividend of $0.84.

Ares Management has raised its dividend by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 7 consecutive years. Ares Management has a payout ratio of 83.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Ares Management to earn $6.65 per share next year, which means the company should continue to be able to cover its $5.40 annual dividend with an expected future payout ratio of 81.2%.

Ares Management Stock Up 5.2%

Shares of ARES opened at $101.54 on Friday. Ares Management has a 1 year low of $95.80 and a 1 year high of $195.26. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a 50 day simple moving average of $139.08 and a two-hundred day simple moving average of $153.77. The firm has a market cap of $33.45 billion, a P/E ratio of 60.08, a P/E/G ratio of 0.75 and a beta of 1.55.

Ares Management (NYSE:ARES) last posted its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.45 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.26). Ares Management had a return on equity of 19.04% and a net margin of 9.41%.The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last 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.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ARES. Deutsche Bank Aktiengesellschaft upgraded shares of Ares Management from a “hold” rating to a “buy” rating and decreased their target price for the stock from $182.00 to $155.00 in a research report on Friday, February 6th. Raymond James Financial raised Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 price objective on the stock in a research note on Monday, February 9th. The Goldman Sachs Group decreased their price objective on Ares Management from $189.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Oppenheimer lowered their target price on Ares Management from $224.00 to $215.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Finally, Wall Street Zen lowered Ares Management from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ares Management currently has an average rating of “Moderate Buy” and a consensus target price of $182.67.

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.