Ares Management (NYSE:ARES) Price Target Lowered to $139.00 at Barclays

Ares Management (NYSE:ARES) had its target price trimmed by Barclays from $140.00 to $139.00 in a report published on Thursday morning, Marketbeat Ratings reports. The brokerage currently has an overweight rating on the asset manager’s stock.

Other equities analysts also recently issued research reports about the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ares Management in a research report on Tuesday, May 26th. Morgan Stanley cut their price objective on shares of Ares Management from $178.00 to $163.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. BMO Capital Markets reduced their target price on shares of Ares Management from $140.00 to $112.00 and set a “market perform” rating for the company in a report on Tuesday, March 24th. Wall Street Zen downgraded shares of Ares Management from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ares Management in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Ares Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.19.

Ares Management Stock Up 3.1%

ARES opened at $121.65 on Thursday. The company has a market capitalization of $40.13 billion, a P/E ratio of 56.58, a P/E/G ratio of 1.04 and a beta of 1.51. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.23 and a quick ratio of 0.23. The firm’s fifty day moving average price is $123.48 and its two-hundred day moving average price is $128.76. Ares Management has a fifty-two week low of $95.80 and a fifty-two week high of $195.26.

Ares Management (NYSE:ARES) last issued its earnings results on Friday, May 1st. The asset manager reported $1.24 earnings per share 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 analyst estimates 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 last year, the firm posted $1.09 earnings per share. On average, analysts anticipate that Ares Management will post 6.04 EPS for the current year.

Ares Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Tuesday, June 16th. Ares Management’s dividend payout ratio is presently 251.16%.

Institutional Trading of Ares Management

Hedge funds and other institutional investors have recently bought and sold shares of the company. Osbon Capital Management LLC bought a new position in shares of Ares Management during the fourth quarter valued at $32,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in Ares Management during the fourth quarter valued at $42,000. Elyxium Wealth LLC purchased a new stake in Ares Management during the fourth quarter valued at $42,000. Summit Securities Group LLC bought a new position in Ares Management in the fourth quarter valued at about $49,000. Finally, Western Wealth Management LLC bought a new position in Ares Management in the first quarter valued at about $50,000. Institutional investors own 50.03% of the company’s stock.

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.