Analysts Set Ares Management Corporation (NYSE:ARES) Price Target at $163.12

Shares of Ares Management Corporation (NYSE:ARES) have been assigned a consensus rating of “Moderate Buy” from the nineteen brokerages that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $163.1250.

A number of equities research analysts have recently commented on ARES shares. Morgan Stanley cut their price objective on Ares Management from $178.00 to $163.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. TD Cowen boosted their target price on Ares Management from $144.00 to $153.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. The Goldman Sachs Group reduced their target price on Ares Management from $165.00 to $131.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Zacks Research upgraded Ares Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Ares Management in a research note on Wednesday, April 29th.

Ares Management Stock Performance

ARES opened at $120.60 on Friday. The business’s 50 day moving average is $123.19 and its 200-day moving average is $129.41. The stock has a market cap of $39.78 billion, a PE ratio of 56.09, a price-to-earnings-growth ratio of 1.07 and a beta of 1.51. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.96. Ares Management has a twelve month low of $95.80 and a twelve month high of $195.26.

Ares Management (NYSE:ARES) last announced its earnings results on Friday, May 1st. The asset manager reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). Ares Management had a net margin of 10.54% and a return on equity of 22.14%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the company earned $1.09 EPS. On average, analysts predict that Ares Management will post 6.04 earnings per share for the current year.

Ares Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were issued a dividend of $1.35 per share. The ex-dividend date was Tuesday, June 16th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.5%. Ares Management’s payout ratio is currently 251.16%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Osbon Capital Management LLC acquired a new position in Ares Management in the fourth quarter worth approximately $32,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in Ares Management in the fourth quarter valued at approximately $42,000. Elyxium Wealth LLC bought a new stake in Ares Management in the fourth quarter worth approximately $42,000. Summit Securities Group LLC bought a new stake in Ares Management in the fourth quarter worth approximately $49,000. Finally, AlphaCentric Advisors LLC acquired a new position in shares of Ares Management during the 4th quarter worth $62,000. 50.03% of the stock is owned by hedge funds and other institutional investors.

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.