Brokerages Set Ares Management Corporation (NYSE:ARES) PT at $159.73

Ares Management Corporation (NYSE:ARES) has received an average recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $160.4667.

A number of research firms have commented on ARES. Wall Street Zen lowered shares of Ares Management from a “hold” rating to a “sell” rating in a report on Saturday, July 4th. Morgan Stanley set a $160.00 price objective on Ares Management in a research note on Tuesday, July 21st. Oppenheimer increased their target price on Ares Management from $151.00 to $162.00 and gave the stock an “outperform” rating in a research note on Thursday. Citigroup reissued a “market outperform” rating on shares of Ares Management in a research note on Monday, August 3rd. Finally, Keefe, Bruyette & Woods raised shares of Ares Management to a “hold” rating in a research note on Monday, July 20th.

Ares Management Trading Down 0.0%

ARES stock opened at $142.51 on Monday. The business has a fifty day moving average price of $128.82 and a 200 day moving average price of $122.08. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.26 and a quick ratio of 0.26. The stock has a market capitalization of $47.07 billion, a price-to-earnings ratio of 65.37, a P/E/G ratio of 1.23 and a beta of 1.49. Ares Management has a fifty-two week low of $95.80 and a fifty-two week high of $186.85.

Ares Management (NYSE:ARES) last announced its earnings results on Friday, July 31st. The asset manager reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.27 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. Analysts expect that Ares Management will post 5.94 EPS for the current fiscal 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 paid a $1.35 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $5.40 annualized dividend and a dividend yield of 3.8%. Ares Management’s dividend payout ratio (DPR) is currently 247.71%.

Institutional Trading of Ares Management

A number of large investors have recently added to or reduced their stakes in ARES. California State Teachers Retirement System increased its stake in shares of Ares Management by 10,879.6% during the 2nd quarter. California State Teachers Retirement System now owns 33,559,520 shares of the asset manager’s stock worth $3,735,510,000 after purchasing an additional 33,253,867 shares during the last quarter. Vanguard Group Inc. lifted its stake in Ares Management by 20.2% in the 4th quarter. Vanguard Group Inc. now owns 26,050,425 shares of the asset manager’s stock valued at $4,210,530,000 after purchasing an additional 4,373,955 shares during the last quarter. Geode Capital Management LLC grew its holdings in Ares Management by 55.7% during the fourth quarter. Geode Capital Management LLC now owns 5,489,004 shares of the asset manager’s stock worth $883,716,000 after purchasing an additional 1,963,460 shares during the period. Capital International Investors grew its holdings in Ares Management by 0.3% during the fourth quarter. Capital International Investors now owns 4,257,710 shares of the asset manager’s stock worth $688,176,000 after purchasing an additional 14,516 shares during the period. Finally, Principal Financial Group Inc. increased its position in Ares Management by 4.4% during the first quarter. Principal Financial Group Inc. now owns 4,009,291 shares of the asset manager’s stock worth $437,417,000 after buying an additional 169,598 shares during the last quarter. Institutional investors and hedge funds 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.