Barclays reiterated their overweight rating on shares of Ares Management (NYSE:ARES – Free Report) in a report released on Monday, MarketBeat.com reports. The firm currently has a $224.00 price target on the asset manager’s stock.
ARES has been the subject of several other reports. Morgan Stanley increased 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. Deutsche Bank Aktiengesellschaft raised their price objective on Ares Management from $146.00 to $150.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods raised shares of Ares Management from a “market perform” rating to an “outperform” rating and upped their target price for the company from $166.00 to $202.00 in a research report on Friday, December 20th. Wells Fargo & Company reduced their price target on shares of Ares Management from $212.00 to $207.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada upped their price objective on shares of Ares Management from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $176.08.
Check Out Our Latest Report on ARES
Ares Management Stock Performance
Ares Management (NYSE:ARES – Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The asset manager reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. Ares Management had a net margin of 12.51% and a return on equity of 19.89%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $833.58 million. During the same quarter in the prior year, the firm posted $0.83 earnings per share. On average, research analysts anticipate that Ares Management will post 4.05 earnings per share for the current year.
Ares Management Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date was Tuesday, December 17th. Ares Management’s dividend payout ratio is presently 171.43%.
Insider Transactions at Ares Management
In related news, insider Ryan Berry sold 1,671 shares of Ares Management stock in a transaction on Monday, November 11th. The shares were sold at an average price of $175.00, for a total transaction of $292,425.00. Following the sale, the insider now directly owns 253,214 shares in the company, valued at $44,312,450. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Bennett Rosenthal sold 20,048 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $167.44, for a total value of $3,356,837.12. Following the transaction, the chairman now directly owns 229,952 shares in the company, valued at approximately $38,503,162.88. The trade was a 8.02 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 574,167 shares of company stock valued at $99,996,647. 1.20% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Ares Management
Hedge funds have recently modified their holdings of the business. Versant Capital Management Inc boosted its stake in Ares Management by 67.0% during the 4th quarter. Versant Capital Management Inc now owns 162 shares of the asset manager’s stock worth $29,000 after purchasing an additional 65 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of Ares Management in the third quarter valued at about $36,000. Eastern Bank acquired a new stake in shares of Ares Management during the third quarter worth about $39,000. GAMMA Investing LLC grew its holdings in shares of Ares Management by 53.4% during the fourth quarter. GAMMA Investing LLC now owns 227 shares of the asset manager’s stock worth $40,000 after buying an additional 79 shares during the last quarter. Finally, CENTRAL TRUST Co increased its position in Ares Management by 1,572.7% in the 4th quarter. CENTRAL TRUST Co now owns 368 shares of the asset manager’s stock valued at $65,000 after acquiring an additional 346 shares during the period. 50.03% of the stock is currently 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.
Featured Articles
- Five stocks we like better than Ares Management
- Stock Analyst Ratings and Canadian Analyst Ratings
- Sizing Up a New Opportunity for NVIDIA Investors
- Using the MarketBeat Dividend Yield Calculator
- Is DeepSeek Challenging NVIDIA’s AI Dominance?
- What is a Stock Market Index and How Do You Use Them?
- The 3 Biggest M&A Stock Opportunities for 2025
Receive News & Ratings for Ares Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ares Management and related companies with MarketBeat.com's FREE daily email newsletter.