Ares Management (NYSE:ARES) Given New $140.00 Price Target at Oppenheimer

Ares Management (NYSE:ARES) had its price target reduced by Oppenheimer from $146.00 to $140.00 in a research note released on Friday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the asset manager’s stock.

A number of other equities analysts have also recently issued reports on ARES. Wall Street Zen cut shares of Ares Management from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th. TD Cowen raised their target price on shares of Ares Management from $144.00 to $153.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Morgan Stanley decreased their target price on shares of Ares Management from $178.00 to $163.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. BMO Capital Markets upped their price target on shares of Ares Management from $125.00 to $128.00 and gave the stock a “market perform” rating in a report on Monday, July 13th. Finally, Barclays cut their price objective on Ares Management from $140.00 to $139.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Ares Management currently has a consensus rating of “Moderate Buy” and an average target price of $159.13.

Ares Management Stock Performance

Ares Management stock opened at $125.44 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.96. The stock has a market cap of $41.38 billion, a PE ratio of 58.34, a P/E/G ratio of 1.11 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 business’s 50-day moving average price is $123.76 and its two-hundred day moving average price is $127.11.

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). Ares Management had a return on equity of 22.14% and a net margin of 10.54%.The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the company posted $1.09 EPS. As a group, analysts expect that Ares Management will post 6.02 earnings per share for the current fiscal year.

Ares Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Tuesday, June 16th. Ares Management’s dividend payout ratio is 251.16%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Osbon Capital Management LLC acquired a new position in Ares Management during the fourth quarter worth $32,000. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Ares Management during the fourth quarter valued at about $42,000. Elyxium Wealth LLC acquired a new position in shares of Ares Management during the fourth quarter valued at about $42,000. Summit Securities Group LLC acquired a new position in shares of Ares Management during the fourth quarter valued at about $49,000. Finally, AlphaCentric Advisors LLC bought a new stake in shares of Ares Management during the fourth quarter worth about $62,000. 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.