Ares Management Co. (NYSE:ARES) Receives $166.36 Average Target Price from Analysts

Shares of Ares Management Co. (NYSE:ARES) have earned a consensus rating of “Moderate Buy” from the twelve brokerages that are presently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $166.36.

Several brokerages have recently commented on ARES. Redburn Atlantic began coverage on Ares Management in a research note on Tuesday, August 27th. They issued a “neutral” rating and a $140.00 price objective for the company. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Ares Management from $146.00 to $150.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Morgan Stanley boosted their price objective on Ares Management from $136.00 to $162.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. The Goldman Sachs Group lifted their price objective on shares of Ares Management from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Finally, Wells Fargo & Company upped their price target on Ares Management from $172.00 to $176.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th.

Insider Activity at Ares Management

In other Ares Management news, CEO Michael J. Arougheti sold 10,223 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $144.47, for a total value of $1,476,916.81. Following the completion of the sale, the chief executive officer now directly owns 191,546 shares in the company, valued at approximately $27,672,650.62. This represents a 5.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Bennett Rosenthal sold 75,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $143.05, for a total transaction of $10,728,750.00. The disclosure for this sale can be found here. Insiders have sold 561,280 shares of company stock valued at $83,030,436 over the last ninety days. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Ares Management

Several institutional investors have recently bought and sold shares of the business. EP Wealth Advisors LLC increased its holdings in shares of Ares Management by 32.5% in the 1st quarter. EP Wealth Advisors LLC now owns 20,345 shares of the asset manager’s stock valued at $2,705,000 after acquiring an additional 4,996 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake in Ares Management by 24.6% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 192,634 shares of the asset manager’s stock valued at $25,674,000 after purchasing an additional 38,047 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Ares Management in the first quarter worth about $968,000. Cetera Investment Advisers lifted its position in shares of Ares Management by 45.9% during the first quarter. Cetera Investment Advisers now owns 82,717 shares of the asset manager’s stock valued at $11,000,000 after buying an additional 26,012 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Ares Management in the 1st quarter valued at about $522,000. 50.03% of the stock is owned by hedge funds and other institutional investors.

Ares Management Trading Down 1.1 %

Shares of ARES stock opened at $167.21 on Tuesday. The company has a market cap of $52.35 billion, a P/E ratio of 77.06, a PEG ratio of 1.82 and a beta of 1.20. Ares Management has a fifty-two week low of $101.44 and a fifty-two week high of $175.74. The stock has a 50 day simple moving average of $160.74 and a two-hundred day simple moving average of $147.79. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.05 and a current ratio of 1.05.

Ares Management (NYSE:ARES) last issued its earnings results on Friday, November 1st. The asset manager reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. Ares Management had a return on equity of 19.89% and a net margin of 12.51%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $833.58 million. During the same period in the previous year, the company posted $0.83 EPS. Research analysts forecast that Ares Management will post 4.07 earnings per share for the current year.

Ares Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Tuesday, December 17th. Ares Management’s payout ratio is 171.43%.

Ares Management Company Profile

Ares Management Corporation operates as an alternative asset manager in the United States, Europe, and Asia. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets.