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

Ares Management Corporation (NYSE:ARES) has been given an average rating of “Moderate Buy” by the nineteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $163.1250.

A number of equities analysts recently weighed in on ARES shares. JPMorgan Chase & Co. lowered their target price on shares of Ares Management from $188.00 to $144.00 and set an “overweight” rating for the company in a research note on Tuesday, April 28th. Citizens Jmp dropped their target price on shares of Ares Management from $205.00 to $190.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ares Management in a research report on Tuesday, May 26th. BMO Capital Markets decreased their price target on Ares Management from $140.00 to $112.00 and set a “market perform” rating for the company in a report on Tuesday, March 24th. Finally, Morgan Stanley lowered their price objective on Ares Management from $178.00 to $163.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st.

Ares Management Stock Performance

NYSE:ARES opened at $116.72 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.23 and a current ratio of 0.23. Ares Management has a fifty-two week low of $95.80 and a fifty-two week high of $195.26. The company has a 50 day simple moving average of $122.94 and a two-hundred day simple moving average of $130.41. The company has a market capitalization of $38.50 billion, a PE ratio of 54.29, a P/E/G ratio of 1.03 and a beta of 1.51.

Ares Management (NYSE:ARES) last issued its quarterly earnings results on Friday, May 1st. The asset manager reported $1.24 earnings per share (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 firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the firm posted $1.09 EPS. Research analysts anticipate that Ares Management will post 6.04 earnings per share for the current year.

Ares Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $5.40 annualized dividend and a yield of 4.6%. Ares Management’s dividend payout ratio (DPR) is currently 251.16%.

Hedge Funds Weigh In On Ares Management

Several institutional investors have recently added to or reduced their stakes in ARES. Hudson Bay Capital Management LP grew its holdings in shares of Ares Management by 1,903.9% during the third quarter. Hudson Bay Capital Management LP now owns 60,717 shares of the asset manager’s stock valued at $9,708,000 after buying an additional 57,687 shares during the last quarter. Quilter Plc raised its holdings in shares of Ares Management by 5.6% in the 4th quarter. Quilter Plc now owns 704,069 shares of the asset manager’s stock worth $113,799,000 after acquiring an additional 37,366 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Ares Management in the 3rd quarter worth about $2,971,000. New York Life Investment Management LLC lifted its position in Ares Management by 1,033.1% in the 4th quarter. New York Life Investment Management LLC now owns 28,272 shares of the asset manager’s stock valued at $4,570,000 after acquiring an additional 25,777 shares in the last quarter. Finally, Brevan Howard Capital Management LP lifted its position in Ares Management by 935.2% in the 3rd quarter. Brevan Howard Capital Management LP now owns 41,130 shares of the asset manager’s stock valued at $6,576,000 after acquiring an additional 37,157 shares in the last quarter. 50.03% of the stock is owned by institutional investors and hedge funds.

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.