Ares Management (NYSE:ARES) Price Target Cut to $190.00 by Analysts at Citizens Jmp

Ares Management (NYSE:ARES) had its price target decreased by Citizens Jmp from $205.00 to $190.00 in a research note released on Wednesday morning,Benzinga reports. Citizens Jmp currently has a market outperform rating on the asset manager’s stock.

Several other analysts also recently weighed in on ARES. Raymond James Financial upgraded shares of Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 price objective on the stock in a research report on Monday, February 9th. TD Cowen reiterated a “buy” rating on shares of Ares Management in a research report on Wednesday, January 14th. Barclays cut their price objective on shares of Ares Management from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Ares Management from a “hold” rating to a “buy” rating and cut their price objective for the company from $182.00 to $155.00 in a research report on Friday, February 6th. Finally, Royal Bank Of Canada cut their price objective on shares of Ares Management from $180.00 to $173.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $166.73.

Ares Management Trading Up 0.9%

Ares Management stock opened at $120.97 on Wednesday. The firm’s 50-day moving average is $112.43 and its 200-day moving average is $140.92. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.22 and a current ratio of 1.22. Ares Management has a 1 year low of $95.80 and a 1 year high of $195.26. The company has a market cap of $39.86 billion, a P/E ratio of 71.58, a PEG ratio of 1.06 and a beta of 1.52.

Ares Management (NYSE:ARES) last posted its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.26). The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.38 billion. Ares Management had a return on equity of 19.04% and a net margin of 9.41%.During the same quarter in the previous year, the business posted $0.55 earnings per share. On average, equities analysts expect that Ares Management will post 6.25 earnings per share for the current year.

Ares Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were given a dividend of $1.35 per share. This is a positive change from Ares Management’s previous quarterly dividend of $0.84. The ex-dividend date was Tuesday, March 17th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.5%. Ares Management’s payout ratio is presently 319.53%.

Insider Transactions at Ares Management

In related news, Director Ashish Bhutani purchased 10,000 shares of the company’s stock in a transaction on Friday, February 6th. The shares were bought at an average cost of $126.61 per share, for a total transaction of $1,266,100.00. Following the transaction, the director owned 34,071 shares of the company’s stock, valued at $4,313,729.31. This represents a 41.54% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Judy D. Olian purchased 480 shares of the company’s stock in a transaction on Friday, February 20th. The shares were bought at an average price of $124.43 per share, for a total transaction of $59,726.40. Following the completion of the transaction, the director directly owned 29,734 shares in the company, valued at $3,699,801.62. This represents a 1.64% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 36.86% of the stock is currently owned by insiders.

Institutional Trading of Ares Management

A number of hedge funds and other institutional investors have recently made changes to their positions in ARES. Vanguard Group Inc. raised its position in shares of Ares Management by 20.2% during the 4th quarter. Vanguard Group Inc. now owns 26,050,425 shares of the asset manager’s stock worth $4,210,530,000 after buying an additional 4,373,955 shares in the last quarter. Norges Bank bought a new stake in shares of Ares Management during the 4th quarter worth about $396,165,000. Geode Capital Management LLC raised its position in shares of Ares Management by 55.7% during the 4th quarter. Geode Capital Management LLC now owns 5,489,004 shares of the asset manager’s stock worth $883,716,000 after buying an additional 1,963,460 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Ares Management by 26.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,705,599 shares of the asset manager’s stock worth $922,196,000 after buying an additional 1,187,174 shares in the last quarter. Finally, River Road Asset Management LLC grew its stake in shares of Ares Management by 40,652.1% in the 4th quarter. River Road Asset Management LLC now owns 807,300 shares of the asset manager’s stock worth $130,484,000 after purchasing an additional 805,319 shares during the last quarter. 50.03% of the stock is currently owned by institutional investors.

About Ares Management

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.