Shares of Ares Management Corporation (NYSE:ARES – Get 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.
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Hedge Funds Weigh In On Ares Management
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:ARES – Get 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
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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