Brokerages Set Ares Management Corporation (NYSE:ARES) Price Target at $162.56

Ares Management Corporation (NYSE:ARES) has been assigned an average rating of “Moderate Buy” from the nineteen analysts that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $162.5625.

Several research firms have commented on ARES. Zacks Research upgraded Ares Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Morgan Stanley decreased their target price on shares of Ares Management from $178.00 to $163.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Wall Street Zen upgraded shares of Ares Management from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. Citizens Jmp cut their price objective on shares of Ares Management from $205.00 to $190.00 and set a “market outperform” rating for the company in a report on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Ares Management from $188.00 to $144.00 and set an “overweight” rating for the company in a research report on Tuesday, April 28th.

Institutional Trading of Ares Management

Several institutional investors have recently bought and sold shares of ARES. DV Trading LLC raised its stake in shares of Ares Management by 214,600.0% during the 1st quarter. DV Trading LLC now owns 2,147 shares of the asset manager’s stock worth $234,000 after buying an additional 2,146 shares during the period. Glenmede Trust Co. NA grew its stake in Ares Management by 138.1% in the 1st quarter. Glenmede Trust Co. NA now owns 4,234 shares of the asset manager’s stock valued at $462,000 after acquiring an additional 2,456 shares during the period. GKV Capital Management Co. Inc. acquired a new stake in Ares Management in the 1st quarter valued at $109,000. SOA Wealth Advisors LLC. purchased a new stake in Ares Management in the 1st quarter worth $110,000. Finally, Western Wealth Management LLC acquired a new position in Ares Management during the first quarter worth $50,000. 50.03% of the stock is owned by institutional investors and hedge funds.

Ares Management Stock Performance

Shares of ARES stock traded up $1.42 during trading hours on Wednesday, hitting $136.40. The company’s stock had a trading volume of 140,243 shares, compared to its average volume of 3,384,785. The stock has a market cap of $44.99 billion, a PE ratio of 63.49, a price-to-earnings-growth ratio of 1.19 and a beta of 1.51. Ares Management has a 12-month low of $95.80 and a 12-month high of $195.26. The company has a 50 day moving average of $121.15 and a 200 day moving average of $134.54. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.96.

Ares Management (NYSE:ARES) last issued its earnings results on Friday, May 1st. The asset manager reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.08). The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Ares Management had a return on equity of 22.14% and a net margin of 10.54%.During the same period last year, the business earned $1.09 EPS. On average, sell-side analysts forecast that Ares Management will post 6.06 EPS for the current fiscal year.

Ares Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Tuesday, June 16th. Ares Management’s 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.