Analysts Set Ares Management Corporation (NYSE:ARES) Price Target at $162.56

Shares of Ares Management Corporation (NYSE:ARES) have received an average recommendation of “Moderate Buy” from the nineteen brokerages that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $162.5625.

Several research analysts have weighed in on ARES shares. BMO Capital Markets cut their price objective on Ares Management from $140.00 to $112.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 24th. Zacks Research raised Ares Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Morgan Stanley cut their price objective on Ares Management from $178.00 to $163.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Oppenheimer reissued an “outperform” rating and issued a $146.00 price objective (down from $147.00) on shares of Ares Management in a research report on Monday, May 4th. Finally, Wall Street Zen raised Ares Management from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ARES. Vulcan Value Partners LLC lifted its position in shares of Ares Management by 10.6% during the 3rd quarter. Vulcan Value Partners LLC now owns 1,350,249 shares of the asset manager’s stock valued at $215,785,000 after buying an additional 129,368 shares during the last quarter. Hudson Bay Capital Management LP lifted its position in shares of Ares Management by 1,903.9% during the 3rd quarter. Hudson Bay Capital Management LP now owns 60,717 shares of the asset manager’s stock valued at $9,708,000 after buying an additional 57,687 shares during the last quarter. Quilter Plc lifted its position in shares of Ares Management by 5.6% during the 4th quarter. Quilter Plc now owns 704,069 shares of the asset manager’s stock valued at $113,799,000 after buying an additional 37,366 shares during the last quarter. CI Investments Inc. lifted its position in shares of Ares Management by 35,425.5% during the 3rd quarter. CI Investments Inc. now owns 221,679 shares of the asset manager’s stock valued at $35,444,000 after buying an additional 221,055 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Ares Management during the 3rd quarter valued at $2,971,000. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Ares Management Stock Up 1.6%

Shares of NYSE:ARES opened at $134.98 on Wednesday. The stock has a market cap of $44.52 billion, a price-to-earnings ratio of 62.78, a PEG ratio of 1.16 and a beta of 1.51. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.96. Ares Management has a 12-month low of $95.80 and a 12-month high of $195.26. The business’s 50 day moving average is $119.83 and its 200 day moving average is $134.91.

Ares Management (NYSE:ARES) last posted its quarterly earnings data on Friday, May 1st. The asset manager reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.08). Ares Management had a return on equity of 22.14% and a net margin of 10.54%.The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the prior year, the firm posted $1.09 EPS. On average, sell-side analysts forecast that Ares Management will post 6.06 earnings per share for the current fiscal year.

Ares Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a $1.35 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $5.40 annualized dividend and a yield of 4.0%. Ares Management’s payout ratio 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.