Analysts Set Ares Management Co. (NYSE:ARES) Target Price at $130.29

Ares Management Co. (NYSE:ARES) has received a consensus recommendation of “Hold” from the fourteen brokerages that are covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $130.29.

Several equities analysts have recently weighed in on ARES shares. UBS Group raised their price target on Ares Management from $156.00 to $160.00 and gave the company a “buy” rating in a report on Friday, April 12th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Ares Management in a report on Wednesday, May 22nd. Deutsche Bank Aktiengesellschaft cut shares of Ares Management from a “buy” rating to a “hold” rating and cut their price target for the company from $176.00 to $132.00 in a report on Thursday, June 13th. JMP Securities restated a “market perform” rating on shares of Ares Management in a report on Tuesday, April 9th. Finally, Barclays lowered their price objective on Ares Management from $153.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, May 3rd.

Ares Management Stock Up 1.1 %

Shares of Ares Management stock opened at $134.03 on Friday. Ares Management has a 1 year low of $90.29 and a 1 year high of $150.12. The firm has a market cap of $41.53 billion, a price-to-earnings ratio of 60.10, a PEG ratio of 1.28 and a beta of 1.21. The company has a 50-day moving average of $137.53 and a 200 day moving average of $129.34. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.03 and a quick ratio of 1.03.

Ares Management (NYSE:ARES) last announced its earnings results on Thursday, May 2nd. The asset manager reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.13). The business had revenue of $707.36 million for the quarter, compared to the consensus estimate of $814.88 million. Ares Management had a net margin of 12.86% and a return on equity of 21.22%. During the same period in the prior year, the business posted $0.71 EPS. As a group, sell-side analysts anticipate that Ares Management will post 4.2 earnings per share for the current fiscal year.

Ares Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Friday, June 14th. Ares Management’s payout ratio is 166.82%.

Insider Buying and Selling

In other news, Chairman Bennett Rosenthal sold 50,000 shares of Ares Management stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $129.72, for a total transaction of $6,486,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Chairman Bennett Rosenthal sold 50,000 shares of Ares Management stock in a transaction on Monday, April 15th. The shares were sold at an average price of $129.72, for a total transaction of $6,486,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Michael J. Arougheti sold 157,837 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $148.22, for a total value of $23,394,600.14. Following the completion of the sale, the chief executive officer now owns 92,163 shares of the company’s stock, valued at approximately $13,660,399.86. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,498,259 shares of company stock valued at $203,308,728. 41.89% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Hollencrest Capital Management bought a new position in shares of Ares Management during the 3rd quarter valued at about $27,000. Compass Wealth Management LLC bought a new position in Ares Management during the first quarter valued at approximately $28,000. Rise Advisors LLC grew its holdings in Ares Management by 73.9% during the 4th quarter. Rise Advisors LLC now owns 240 shares of the asset manager’s stock valued at $29,000 after buying an additional 102 shares in the last quarter. Riverview Trust Co bought a new stake in Ares Management in the 1st quarter worth approximately $29,000. Finally, Hartford Financial Management Inc. raised its holdings in shares of Ares Management by 47.4% during the 4th quarter. Hartford Financial Management Inc. now owns 280 shares of the asset manager’s stock worth $33,000 after acquiring an additional 90 shares in the last quarter. 50.03% of the stock is owned by hedge funds and other institutional investors.

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.