Ares Management (NYSE:ARES) Stock Gets Price Target Cut from UBS Group

Ares Management (NYSE:ARES) had its target price trimmed by UBS Group from $142.00 to $134.00 in a research report sent to investors on Tuesday,Benzinga reports. The firm currently has a neutral rating on the asset manager’s stock.

A number of other brokerages also recently weighed in on ARES. Oppenheimer upped their price target on shares of Ares Management from $151.00 to $162.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. Wells Fargo & Company assumed coverage on shares of Ares Management in a research note on Friday, October 2nd. They issued an “overweight” rating and a $136.00 price objective on the stock. Citizens Jmp lowered their price objective on shares of Ares Management from $190.00 to $160.00 and set a “market outperform” rating on the stock in a research note on Thursday, July 9th. Citigroup reiterated a “market outperform” rating on shares of Ares Management in a report on Friday, October 9th. Finally, Royal Bank Of Canada boosted their target price on shares of Ares Management from $162.00 to $168.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $155.38.

Ares Management Stock Up 1.0%

Shares of ARES stock opened at $113.59 on Tuesday. Ares Management has a 1 year low of $95.80 and a 1 year high of $181.19. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.26 and a current ratio of 0.26. The business’s fifty day moving average is $130.59 and its 200-day moving average is $124.45. The stock has a market cap of $37.52 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 1.01 and a beta of 1.53.

Ares Management (NYSE:ARES) last announced its quarterly earnings data on Friday, July 31st. The asset manager reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.01. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.27 billion. Ares Management had a return on equity of 25.42% and a net margin of 10.63%. The company’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.03 earnings per share. Equities analysts expect that Ares Management will post 5.85 earnings per share for the current fiscal year.

Ares Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were paid a $1.35 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.8%. Ares Management’s dividend payout ratio is 247.71%.

Institutional Trading of Ares Management

Hedge funds and other institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. grew its stake in Ares Management by 4.4% in the first quarter. Principal Financial Group Inc. now owns 4,009,291 shares of the asset manager’s stock valued at $437,417,000 after purchasing an additional 169,598 shares in the last quarter. Vulcan Value Partners LLC lifted its holdings in shares of Ares Management by 12.5% during the 2nd quarter. Vulcan Value Partners LLC now owns 1,902,580 shares of the asset manager’s stock valued at $211,776,000 after buying an additional 211,404 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Ares Management by 43.8% during the 1st quarter. Janus Henderson Group PLC now owns 1,653,078 shares of the asset manager’s stock valued at $180,343,000 after buying an additional 503,688 shares during the last quarter. Curated Wealth Partners LLC lifted its holdings in shares of Ares Management by 968.3% during the 3rd quarter. Curated Wealth Partners LLC now owns 1,450,854 shares of the asset manager’s stock valued at $168,546,000 after buying an additional 1,315,043 shares during the last quarter. Finally, River Road Asset Management LLC grew its stake in shares of Ares Management by 40,652.1% in the 4th quarter. River Road Asset Management LLC now owns 807,300 shares of the asset manager’s stock valued at $130,484,000 after buying an additional 805,319 shares in the last quarter. 50.03% of the stock is currently owned by hedge funds and other institutional investors.

Ares Management Company Profile

Ares Management Corporation (NYSE: ARES) is a global alternative investment manager that provides investment solutions across credit, private equity, real assets and secondaries. The company serves institutional investors, including pension plans, insurance companies, endowments and foundations, as well as wealth-management clients and other investors.

Its investment businesses include direct lending and other private credit strategies, liquid credit, corporate private equity, real estate, infrastructure and secondary investments.