Ares Management Corporation (NYSE:ARES) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Ares Management Corporation (NYSE:ARES) has received an average rating of “Moderate Buy” from the nineteen ratings firms that are currently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $154.69.

ARES has been the topic of a number of research reports. Oppenheimer raised their price target on Ares Management from $151.00 to $162.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ares Management in a research report on Friday, August 21st. TD Cowen lowered their target price on Ares Management from $163.00 to $159.00 and set a “buy” rating on the stock in a research note on Monday, October 12th. Royal Bank Of Canada boosted their target price on Ares Management from $162.00 to $168.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $144.00 price target on shares of Ares Management in a research note on Monday, August 3rd.

Hedge Funds Weigh In On Ares Management

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Triumph Capital Management grew its stake in Ares Management by 127.3% in the 2nd quarter. Triumph Capital Management now owns 250 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 140 shares during the last quarter. CoreCap Advisors LLC lifted its stake in Ares Management by 178.0% in the 3rd quarter. CoreCap Advisors LLC now owns 253 shares of the asset manager’s stock valued at $29,000 after buying an additional 162 shares in the last quarter. Osbon Capital Management LLC purchased a new stake in Ares Management in the 4th quarter valued at approximately $32,000. Wellington Altus USA Inc. acquired a new stake in Ares Management during the 2nd quarter valued at $35,000. Finally, Anchor Investment Management LLC purchased a new position in Ares Management during the second quarter worth $38,000. 50.03% of the stock is owned by institutional investors and hedge funds.

Ares Management Price Performance

Shares of NYSE ARES opened at $112.15 on Tuesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.26 and a quick ratio of 0.26. The company has a market cap of $37.04 billion, a price-to-earnings ratio of 51.45, a price-to-earnings-growth ratio of 1.01 and a beta of 1.53. The stock’s 50-day moving average is $130.09 and its two-hundred day moving average is $124.36. Ares Management has a 1-year low of $95.80 and a 1-year high of $181.19.

Ares Management (NYSE:ARES) last released its earnings results on Friday, July 31st. The asset manager reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. Ares Management had a net margin of 10.63% and a return on equity of 25.42%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the firm earned $1.03 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. Analysts forecast that Ares Management will post 5.80 EPS for the current fiscal year.

Ares Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were issued a $1.35 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $5.40 annualized dividend and a dividend yield of 4.8%. Ares Management’s payout ratio is presently 247.71%.

Ares Management Company Profile

Ares Management Corporation (NYSE: ARES) is a global alternative investment manager that provides investment solutions across credit, private equity, real assets and secondaries. The company serves institutional investors, including pension plans, insurance companies, endowments and foundations, as well as wealth-management clients and other investors.

Its investment businesses include direct lending and other private credit strategies, liquid credit, corporate private equity, real estate, infrastructure and secondary investments.