Brokerages Set Ares Management Corporation (NYSE:ARES) PT at $160.47

Shares of Ares Management Corporation (NYSE:ARESGet Free Report) have been given a consensus rating of “Moderate Buy” by the eighteen research firms that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $160.4667.

ARES has been the subject of several analyst reports. JPMorgan Chase & Co. increased their target price on shares of Ares Management from $143.00 to $153.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Morgan Stanley set a $160.00 target price on shares of Ares Management in a research note on Tuesday, July 21st. TD Cowen upped their target price on shares of Ares Management from $153.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Royal Bank Of Canada increased their price target on Ares Management from $162.00 to $168.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ares Management in a research note on Friday, August 21st.

Get Our Latest Analysis on Ares Management

Hedge Funds Weigh In On Ares Management

Several hedge funds have recently modified their holdings of the stock. Triumph Capital Management increased its holdings in shares of Ares Management by 127.3% in the second quarter. Triumph Capital Management now owns 250 shares of the asset manager’s stock worth $28,000 after purchasing an additional 140 shares during the last quarter. Osbon Capital Management LLC purchased a new position in Ares Management during the 4th quarter valued at approximately $32,000. Wellington Altus USA Inc. purchased a new position in Ares Management during the 2nd quarter valued at approximately $35,000. Anchor Investment Management LLC bought a new stake in Ares Management in the 2nd quarter worth approximately $38,000. Finally, Elyxium Wealth LLC purchased a new stake in Ares Management during the fourth quarter valued at $42,000. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Ares Management Stock Performance

Shares of NYSE ARES opened at $123.99 on Friday. The firm has a 50 day moving average of $133.99 and a 200 day moving average of $122.95. The firm has a market capitalization of $40.95 billion, a price-to-earnings ratio of 56.88, a price-to-earnings-growth ratio of 1.07 and a beta of 1.49. Ares Management has a 12-month low of $95.80 and a 12-month high of $186.85. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 1.00.

Ares Management (NYSE:ARESGet Free Report) last posted its quarterly earnings data on Friday, July 31st. The asset manager reported $1.29 EPS for the quarter, topping the consensus estimate of $1.28 by $0.01. Ares Management had a return on equity of 25.42% and a net margin of 10.63%.The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the business posted $1.03 EPS. Ares Management’s revenue was up 5.8% on a year-over-year basis. On average, research analysts anticipate that Ares Management will post 5.93 earnings per share for the current year.

Ares Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Wednesday, September 16th. Ares Management’s dividend payout ratio (DPR) is 247.71%.

About Ares Management

(Get Free Report)

Ares Management Corporation is a global alternative investment manager that provides investment solutions across credit, private equity, real assets and secondaries. The company manages capital for institutional investors, financial intermediaries and individual investors through a range of private funds, public-market strategies and other investment vehicles.

Its investment activities include direct lending and other forms of private credit, corporate and growth-oriented private equity, real estate and infrastructure investments, and secondary-market transactions involving private investment interests.

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Analyst Recommendations for Ares Management (NYSE:ARES)

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