Ares Management Corporation (NYSE:ARES) Given Consensus Recommendation of “Moderate Buy” by Analysts

Ares Management Corporation (NYSE:ARES) has been assigned an average rating of “Moderate Buy” from the nineteen analysts that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $162.5625.

A number of research firms have recently commented on ARES. The Goldman Sachs Group lowered their target price on Ares Management from $165.00 to $131.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. Barclays increased their target price on Ares Management from $127.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ares Management in a research report on Tuesday, May 26th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ares Management in a research report on Wednesday, April 29th. Finally, UBS Group set a $148.00 target price on Ares Management in a research report on Friday, February 20th.

Institutional Trading of Ares Management

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Osbon Capital Management LLC purchased a new stake in Ares Management during the 4th quarter valued at $32,000. Redmont Wealth Advisors LLC purchased a new stake in Ares Management during the 3rd quarter valued at $40,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in Ares Management during the 4th quarter valued at $42,000. Elyxium Wealth LLC purchased a new stake in Ares Management during the 4th quarter valued at $42,000. Finally, Summit Securities Group LLC purchased a new stake in Ares Management during the 4th quarter valued at $49,000. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Ares Management Stock Up 0.1%

NYSE ARES opened at $134.98 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.23 and a current ratio of 0.23. The company has a market capitalization of $44.52 billion, a P/E ratio of 62.78, a P/E/G ratio of 1.18 and a beta of 1.51. Ares Management has a one year low of $95.80 and a one year high of $195.26. The stock has a 50 day moving average price of $119.83 and a 200-day moving average price of $134.80.

Ares Management (NYSE:ARES) last posted its earnings results on Friday, May 1st. The asset manager reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.28 billion. Ares Management had a net margin of 10.54% and a return on equity of 22.14%. During the same quarter in the prior year, the company posted $1.09 earnings per share. As a group, equities analysts predict that Ares Management will post 6.06 EPS for the current fiscal year.

Ares Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Tuesday, June 16th. Ares Management’s dividend 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.