Ares Management Corporation (NYSE:ARES) Receives $194.79 Average PT from Analysts

Shares of Ares Management Corporation (NYSE:ARES) have been assigned an average recommendation of “Moderate Buy” from the eighteen brokerages that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $185.1250.

ARES has been the subject of a number of research reports. Wolfe Research set a $210.00 price objective on Ares Management and gave the company an “outperform” rating in a research report on Wednesday, January 7th. UBS Group reduced their price target on Ares Management from $201.00 to $198.00 and set a “neutral” rating for the company in a report on Tuesday, January 13th. Morgan Stanley set a $178.00 price target on Ares Management in a research note on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft raised shares of Ares Management from a “hold” rating to a “buy” rating and cut their price objective for the company from $182.00 to $155.00 in a research report on Friday. Finally, TD Cowen reiterated a “buy” rating on shares of Ares Management in a research note on Wednesday, January 14th.

Insiders Place Their Bets

In other Ares Management news, CEO Michael J. Arougheti sold 186,197 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $152.75, for a total value of $28,441,591.75. Following the completion of the sale, the chief executive officer owned 290,997 shares of the company’s stock, valued at $44,449,791.75. The trade was a 39.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 590,000 shares of company stock worth $90,653,808 in the last 90 days. 0.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Ares Management by 20.2% during the fourth quarter. Vanguard Group Inc. now owns 26,050,425 shares of the asset manager’s stock worth $4,210,530,000 after purchasing an additional 4,373,955 shares during the period. Geode Capital Management LLC lifted its stake in shares of Ares Management by 55.7% in the fourth quarter. Geode Capital Management LLC now owns 5,489,004 shares of the asset manager’s stock worth $883,716,000 after buying an additional 1,963,460 shares during the last quarter. Norges Bank bought a new stake in shares of Ares Management during the 2nd quarter worth $328,910,000. Massachusetts Financial Services Co. MA grew its stake in Ares Management by 26.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,705,599 shares of the asset manager’s stock valued at $922,196,000 after buying an additional 1,187,174 shares during the last quarter. Finally, Winslow Capital Management LLC bought a new position in Ares Management in the 2nd quarter worth $161,774,000. 50.03% of the stock is owned by institutional investors.

Ares Management Stock Up 5.1%

Ares Management stock opened at $137.11 on Thursday. Ares Management has a twelve month low of $110.63 and a twelve month high of $195.26. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.22 and a current ratio of 0.22. The firm has a market cap of $44.82 billion, a PE ratio of 81.13, a P/E/G ratio of 0.76 and a beta of 1.52. The firm’s 50 day moving average price is $162.53 and its two-hundred day moving average price is $164.80.

Ares Management (NYSE:ARES) last issued its earnings results on Thursday, February 5th. The asset manager reported $1.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.26). Ares Management had a net margin of 9.41% and a return on equity of 19.26%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the business earned $0.55 EPS. On average, research analysts predict that Ares Management will post 5.28 EPS for the current fiscal year.

Ares Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a $1.35 dividend. This is a boost from Ares Management’s previous quarterly dividend of $0.84. This represents a $5.40 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Tuesday, March 17th. Ares Management’s dividend payout ratio is currently 265.09%.

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.