Ares Management Co. (NYSE:ARES) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Ares Management Co. (NYSE:ARES) have received a consensus recommendation of “Moderate Buy” from the twelve analysts that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $166.36.

Several research analysts have recently issued reports on ARES shares. 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 note on Monday, November 11th. UBS Group raised 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. Barclays raised their target price on Ares Management from $155.00 to $174.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Wells Fargo & Company raised their target price on Ares Management from $172.00 to $176.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Finally, TD Cowen raised their target price on Ares Management from $184.00 to $187.00 and gave the stock a “buy” rating in a report on Monday, November 4th.

Insider Buying and Selling at Ares Management

In other news, CEO Michael J. Arougheti sold 30,465 shares of Ares Management stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $176.16, for a total value of $5,366,714.40. Following the completion of the sale, the chief executive officer now directly owns 1,375,000 shares of the company’s stock, valued at approximately $242,220,000. The trade was a 2.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Bennett Rosenthal sold 29,107 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $176.15, for a total value of $5,127,198.05. The disclosure for this sale can be found here. Insiders have sold 608,530 shares of company stock worth $101,686,460 over the last quarter. 1.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC raised its stake in Ares Management by 1.0% during the 3rd quarter. FMR LLC now owns 6,301,709 shares of the asset manager’s stock valued at $982,058,000 after acquiring an additional 63,851 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Ares Management by 58.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,058,394 shares of the asset manager’s stock valued at $674,183,000 after acquiring an additional 1,867,933 shares during the last quarter. State Street Corp raised its stake in Ares Management by 5.1% during the 3rd quarter. State Street Corp now owns 3,826,479 shares of the asset manager’s stock valued at $596,318,000 after acquiring an additional 187,184 shares during the last quarter. Franklin Resources Inc. raised its stake in Ares Management by 0.5% during the 3rd quarter. Franklin Resources Inc. now owns 3,678,177 shares of the asset manager’s stock valued at $600,830,000 after acquiring an additional 18,773 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Ares Management by 6.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,950,451 shares of the asset manager’s stock worth $459,580,000 after purchasing an additional 175,627 shares during the period. 50.03% of the stock is owned by institutional investors and hedge funds.

Ares Management Trading Up 0.6 %

Shares of NYSE ARES opened at $178.08 on Friday. 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 stock has a market capitalization of $55.75 billion, a P/E ratio of 82.06, a price-to-earnings-growth ratio of 1.91 and a beta of 1.19. Ares Management has a 1-year low of $107.82 and a 1-year high of $180.38. The business has a fifty day moving average price of $167.90 and a 200 day moving average price of $151.42.

Ares Management (NYSE:ARES) last released its quarterly earnings results on Friday, November 1st. The asset manager reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. Ares Management had a return on equity of 19.89% and a net margin of 12.51%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $833.58 million. During the same period last year, the business posted $0.83 earnings per share. Equities research analysts expect that Ares Management will post 4.06 EPS for the current fiscal year.

Ares Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a $0.93 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $3.72 dividend on an annualized basis and a yield of 2.09%. Ares Management’s dividend payout ratio is currently 171.43%.

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.