Brokerages Set Ares Management Corporation (NYSE:ARES) PT at $166.06

Ares Management Corporation (NYSE:ARES) has been given a consensus rating of “Moderate Buy” by the nineteen research firms that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $162.5625.

A number of research analysts have recently commented on ARES shares. BMO Capital Markets lowered their price target on Ares Management from $140.00 to $112.00 and set a “market perform” rating on the stock in a report on Tuesday, March 24th. Royal Bank Of Canada reissued an “outperform” rating on shares of Ares Management in a report on Wednesday, April 29th. Wall Street Zen cut Ares Management from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Raymond James Financial raised Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 target price for the company in a research note on Monday, February 9th. Finally, Zacks Research raised Ares Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th.

Insiders Place Their Bets

In other news, Director Judy D. Olian bought 480 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was acquired at an average price of $124.43 per share, with a total value of $59,726.40. Following the completion of the purchase, the director directly owned 29,734 shares of the company’s stock, valued at $3,699,801.62. This represents a 1.64% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 36.86% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. SOA Wealth Advisors LLC. acquired a new position in shares of Ares Management in the 1st quarter valued at $110,000. Western Wealth Management LLC acquired a new position in shares of Ares Management in the 1st quarter valued at $50,000. Janus Henderson Group PLC boosted its position in shares of Ares Management by 43.8% in the 1st quarter. Janus Henderson Group PLC now owns 1,653,078 shares of the asset manager’s stock valued at $180,343,000 after purchasing an additional 503,688 shares during the period. Arkadios Wealth Advisors boosted its position in shares of Ares Management by 46.2% in the 1st quarter. Arkadios Wealth Advisors now owns 2,489 shares of the asset manager’s stock valued at $271,000 after purchasing an additional 786 shares during the period. Finally, Sunbelt Securities Inc. boosted its position in shares of Ares Management by 5,378.6% in the 1st quarter. Sunbelt Securities Inc. now owns 1,534 shares of the asset manager’s stock valued at $167,000 after purchasing an additional 1,506 shares during the period. Institutional investors own 50.03% of the company’s stock.

Ares Management Price Performance

Shares of ARES opened at $122.01 on Friday. The firm has a market capitalization of $40.25 billion, a price-to-earnings ratio of 56.75, a price-to-earnings-growth ratio of 1.06 and a beta of 1.50. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.23 and a current ratio of 0.23. Ares Management has a one year low of $95.80 and a one year high of $195.26. The stock’s fifty day moving average is $112.27 and its 200-day moving average is $137.42.

Ares Management (NYSE:ARES) last issued its quarterly 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). The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.28 billion. Ares Management had a net margin of 10.54% and a return on equity of 22.14%. During the same period last year, the business posted $1.09 earnings per share. Equities analysts anticipate that Ares Management will post 6.05 EPS for the current year.

Ares Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a dividend of $1.35 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $5.40 annualized dividend and a yield of 4.4%. Ares Management’s dividend payout ratio (DPR) is currently 251.16%.

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.