Ares Management (NYSE:ARES) Stock Gets Price Target Reduction from Piper Sandler

Ares Management (NYSE:ARES) had its price target cut by Piper Sandler from $150.00 to $143.00 in a research report report published on Monday,Benzinga reports. They currently have an overweight rating on the asset manager’s stock.

A number of other equities research analysts have also recently commented on ARES. Morgan Stanley set a $149.00 price objective on shares of Ares Management in a research note on Friday, October 16th. JPMorgan Chase & Co. lifted their target price on shares of Ares Management from $143.00 to $153.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Barclays reduced their price target on shares of Ares Management from $140.00 to $139.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. BMO Capital Markets increased their price target on shares of Ares Management from $128.00 to $134.00 and gave the company a “market perform” rating in a research report on Monday, August 3rd. Finally, Wells Fargo & Company began coverage on shares of Ares Management in a research report on Friday, October 2nd. They issued an “overweight” rating and a $136.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Ares Management has a consensus rating of “Moderate Buy” and a consensus target price of $154.25.

Ares Management Trading Up 0.7%

Shares of ARES stock opened at $117.10 on Monday. Ares Management has a fifty-two week low of $95.80 and a fifty-two week high of $181.19. The stock has a market cap of $38.68 billion, a P/E ratio of 53.72, a P/E/G ratio of 1.06 and a beta of 1.53. The business has a fifty day simple moving average of $128.57 and a 200-day simple moving average of $124.69. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 1.00.

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

Ares Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Wednesday, September 16th. Ares Management’s dividend payout ratio is currently 247.71%.

Institutional Trading of Ares Management

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Obermeyer Wealth Partners raised its stake in Ares Management by 8.0% in the 3rd quarter. Obermeyer Wealth Partners now owns 26,568 shares of the asset manager’s stock valued at $3,086,000 after purchasing an additional 1,958 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in Ares Management in the 3rd quarter valued at about $233,000. Guardian Partners Inc. lifted its holdings in Ares Management by 13.6% in the 3rd quarter. Guardian Partners Inc. now owns 2,198 shares of the asset manager’s stock valued at $255,000 after purchasing an additional 263 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Ares Management by 5.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 4,708 shares of the asset manager’s stock worth $544,000 after purchasing an additional 239 shares during the last quarter. Finally, Compound Global Advisors LLC boosted its stake in shares of Ares Management by 100.0% during the 3rd quarter. Compound Global Advisors LLC now owns 800 shares of the asset manager’s stock worth $93,000 after purchasing an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Key Ares Management News

Here are the key news stories impacting Ares Management this week:

• Positive Sentiment: €1.5 billion European logistics partnership: Ares Real Estate and Norges Bank Investment Management established their first collaboration, with NBIM committing up to €1.5 billion of equity. Ares will target modern logistics properties across Europe, expanding its assets under management and potentially creating new management and performance-fee revenue. Ares and Norges Bank Investment Management Establish up to €1.5 Billion European Logistics Investment Partnership
• Positive Sentiment: Large private-markets acquisition: Ares funds are reportedly set to acquire Infinity Transportation from KKR for approximately $2.9 billion. The transaction would add another major investment to Ares’ portfolio and demonstrates continued ability to deploy capital in private markets, though the deal also carries execution and financing risks. KKR to Sell Infinity Transportation to Ares Management Funds for $2.9 Billion
• Neutral Sentiment: Positive investor commentary: A Seeking Alpha article highlighted Ares’ private-credit exposure, assets-under-management growth and dividend yield as reasons to own the stock. This is an opinion rather than a company announcement, but it may support investor interest. My 3 Favorite Stocks To Build Serious Wealth Right Now
• Negative Sentiment: Analyst caution: Autonomous Research lowered its Ares price target to $160 from $165, while Piper Sandler issued a pessimistic forecast. Although the revised target remains above the recent trading level, the reductions signal concerns about valuation, market conditions or earnings growth. Autonomous Research Adjusts Ares Management Price Target

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 manages capital on behalf of institutional investors, pension funds, insurance companies, sovereign wealth funds, family offices and individual investors.

Its investment activities include direct lending and other credit strategies, control and minority investments in private companies, real estate and infrastructure investments, and secondary-market transactions involving private assets and fund interests.