Shares of Ares Management Corp (NYSE:ARES) have received a consensus rating of “Buy” from the twelve brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $24.83.

ARES has been the topic of several analyst reports. Morgan Stanley cut their target price on Ares Management from $25.00 to $22.00 and set a “hold” rating on the stock in a research note on Wednesday, November 14th. Zacks Investment Research lowered Ares Management from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 4th. TheStreet upgraded Ares Management from a “c+” rating to a “b-” rating in a research note on Monday, December 3rd. ValuEngine lowered Ares Management from a “buy” rating to a “hold” rating in a research note on Friday, December 21st. Finally, Goldman Sachs Group upgraded Ares Management from a “neutral” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Friday, January 4th.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Capital World Investors boosted its holdings in Ares Management by 55.9% in the third quarter. Capital World Investors now owns 7,676,900 shares of the asset manager’s stock worth $178,104,000 after acquiring an additional 2,753,025 shares in the last quarter. Royce & Associates LP boosted its holdings in Ares Management by 20.3% in the third quarter. Royce & Associates LP now owns 5,168,318 shares of the asset manager’s stock worth $119,905,000 after acquiring an additional 870,716 shares in the last quarter. American Century Companies Inc. boosted its holdings in Ares Management by 14.3% in the fourth quarter. American Century Companies Inc. now owns 2,224,981 shares of the asset manager’s stock worth $39,560,000 after acquiring an additional 278,783 shares in the last quarter. Capital International Investors acquired a new stake in Ares Management in the third quarter worth about $44,311,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in Ares Management by 600.8% in the third quarter. The Manufacturers Life Insurance Company now owns 1,750,687 shares of the asset manager’s stock worth $40,616,000 after acquiring an additional 1,500,871 shares in the last quarter. 60.52% of the stock is owned by institutional investors and hedge funds.

ARES traded down $0.31 on Friday, hitting $23.86. The company had a trading volume of 1,192,162 shares, compared to its average volume of 665,527. Ares Management has a 12-month low of $16.18 and a 12-month high of $24.44. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a market capitalization of $2.49 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 1.49 and a beta of 1.61.

Ares Management (NYSE:ARES) last posted its earnings results on Thursday, February 14th. The asset manager reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.10. Ares Management had a return on equity of 28.58% and a net margin of 5.95%. The company had revenue of $247.40 million for the quarter, compared to analyst estimates of $241.59 million. During the same quarter in the previous year, the firm earned $0.48 earnings per share. The firm’s quarterly revenue was down 34.0% compared to the same quarter last year. As a group, sell-side analysts expect that Ares Management will post 1.55 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 5.36%. The ex-dividend date of this dividend is Thursday, March 14th. This is an increase from Ares Management’s previous quarterly dividend of $0.28. Ares Management’s dividend payout ratio (DPR) is currently 78.87%.

Ares Management Company Profile

Ares Management Corporation operates as an alternative asset manager in the United States, Europe, and Asia. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets.

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Analyst Recommendations for Ares Management (NYSE:ARES)

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