Ares Management (NYSE:ARES) Price Target Raised to $168.00

Ares Management (NYSE:ARES) had its price objective lifted by Royal Bank Of Canada from $162.00 to $168.00 in a research report released on Monday, Marketbeat Ratings reports. The brokerage currently has an outperform rating on the asset manager’s stock.

A number of other research firms have also recently issued reports on ARES. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $144.00 price objective on shares of Ares Management in a research report on Monday. Morgan Stanley set a $160.00 target price on Ares Management in a research report on Tuesday, July 21st. The Goldman Sachs Group decreased their price target on shares of Ares Management from $165.00 to $131.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Ares Management in a report on Tuesday, May 26th. Finally, TD Cowen increased their price objective on shares of Ares Management from $153.00 to $155.00 and gave the company a “buy” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Ares Management has an average rating of “Moderate Buy” and an average target price of $159.73.

Ares Management Stock Down 2.0%

ARES stock opened at $140.04 on Monday. Ares Management has a twelve month low of $95.80 and a twelve month high of $195.26. The company has a market cap of $46.19 billion, a PE ratio of 64.24, a price-to-earnings-growth ratio of 1.27 and a beta of 1.49. The business’s 50-day simple moving average is $124.71 and its 200 day simple moving average is $122.99. 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 (NYSE:ARES) last issued its quarterly earnings results on Friday, July 31st. The asset manager reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.01. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.27 billion. Ares Management had a return on equity of 25.47% and a net margin of 10.63%.The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 earnings per share. On average, research analysts anticipate that Ares Management will post 5.97 earnings per share for the current year.

Ares Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Wednesday, September 16th. Ares Management’s dividend payout ratio (DPR) is 247.71%.

Institutional Trading of Ares Management

A number of large investors have recently bought and sold shares of ARES. Osbon Capital Management LLC acquired a new stake in shares of Ares Management in the 4th quarter valued at $32,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Ares Management during the 4th quarter worth about $42,000. Elyxium Wealth LLC bought a new position in Ares Management during the 4th quarter valued at about $42,000. Summit Securities Group LLC bought a new position in Ares Management during the 4th quarter valued at about $49,000. Finally, Western Wealth Management LLC acquired a new position in Ares Management in the first quarter valued at about $50,000. 50.03% of the stock is currently owned by 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.