Ares Management Co. (NYSE:ARES) Receives $166.36 Average PT from Analysts

Ares Management Co. (NYSE:ARES) has received an average rating of “Moderate Buy” from the twelve brokerages that are covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $166.36.

ARES has been the topic of several analyst reports. UBS Group boosted their target price on Ares Management from $158.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. dropped their price target on shares of Ares Management from $176.00 to $174.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Redburn Atlantic assumed coverage on shares of Ares Management in a research note on Tuesday, August 27th. They set a “neutral” rating and a $140.00 price objective for the company. Barclays upped their target price on shares of Ares Management from $155.00 to $174.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Ares Management from $146.00 to $150.00 and gave the company a “hold” rating in a research report on Monday, November 11th.

Insider Buying and Selling

In other news, Chairman Bennett Rosenthal sold 75,000 shares of Ares Management stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $143.05, for a total transaction of $10,728,750.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ryan Berry sold 1,671 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $175.00, for a total value of $292,425.00. Following the completion of the sale, the insider now owns 253,214 shares of the company’s stock, valued at $44,312,450. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 598,530 shares of company stock valued at $100,265,260 over the last 90 days. Company insiders own 41.89% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ARES. MetLife Investment Management LLC grew its stake in shares of Ares Management by 0.7% during the 3rd quarter. MetLife Investment Management LLC now owns 11,538 shares of the asset manager’s stock valued at $1,798,000 after acquiring an additional 76 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in Ares Management by 1.4% during the third quarter. Chicago Partners Investment Group LLC now owns 6,392 shares of the asset manager’s stock valued at $1,070,000 after purchasing an additional 89 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Ares Management by 3.9% in the third quarter. Sequoia Financial Advisors LLC now owns 2,560 shares of the asset manager’s stock worth $399,000 after purchasing an additional 95 shares in the last quarter. Morse Asset Management Inc raised its position in shares of Ares Management by 0.7% during the 3rd quarter. Morse Asset Management Inc now owns 14,035 shares of the asset manager’s stock valued at $2,187,000 after purchasing an additional 95 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Ares Management by 21.0% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 559 shares of the asset manager’s stock valued at $87,000 after buying an additional 97 shares in the last quarter. Institutional investors own 50.03% of the company’s stock.

Ares Management Stock Down 1.6 %

Shares of Ares Management stock opened at $175.29 on Friday. Ares Management has a 1 year low of $110.41 and a 1 year high of $180.38. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.05 and a quick ratio of 1.05. The company has a 50-day moving average of $168.29 and a 200 day moving average of $151.74. The firm has a market cap of $54.88 billion, a price-to-earnings ratio of 80.78, a PEG ratio of 1.94 and a beta of 1.19.

Ares Management (NYSE:ARES) last released its earnings results on Friday, November 1st. The asset manager reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.01. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $833.58 million. Ares Management had a net margin of 12.51% and a return on equity of 19.89%. During the same period last year, the business earned $0.83 earnings per share. As a group, sell-side analysts anticipate that Ares Management will post 4.06 earnings per share for the current fiscal year.

Ares Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.93 per share. The ex-dividend date is Tuesday, December 17th. This represents a $3.72 annualized dividend and a dividend yield of 2.12%. Ares Management’s payout ratio is 171.43%.

About Ares Management

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.