Analysts Set Ares Management Co. (NYSE:ARES) Price Target at $129.36

Ares Management Co. (NYSE:ARES) has earned a consensus rating of “Hold” from the thirteen research firms that are currently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $131.69.

Several research firms recently commented on ARES. Barclays upped their target price on Ares Management from $150.00 to $151.00 and gave the company an “overweight” rating in a research note on Wednesday. Jefferies Financial Group dropped their target price on Ares Management from $131.00 to $127.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. UBS Group lowered their price target on Ares Management from $160.00 to $158.00 and set a “buy” rating for the company in a research report on Wednesday. Royal Bank of Canada restated an “outperform” rating and set a $150.00 price target on shares of Ares Management in a research note on Wednesday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft lowered Ares Management from a “buy” rating to a “hold” rating and dropped their price target for the stock from $176.00 to $132.00 in a research note on Thursday, June 13th.

Insider Activity

In other news, Chairman Bennett Rosenthal sold 150,000 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $131.94, for a total value of $19,791,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Ares Management news, Chairman Bennett Rosenthal sold 150,000 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $131.94, for a total transaction of $19,791,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael J. Arougheti sold 157,837 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $148.22, for a total value of $23,394,600.14. Following 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. Over the last quarter, insiders sold 854,823 shares of company stock worth $117,054,651. 1.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ares Management

A number of hedge funds have recently bought and sold shares of the business. Compass Wealth Management LLC bought a new position in Ares Management during the 1st quarter worth approximately $28,000. Rise Advisors LLC lifted 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 worth $29,000 after buying an additional 102 shares during the last quarter. Riverview Trust Co bought a new position in Ares Management during the 1st quarter worth approximately $29,000. Hartford Financial Management Inc. lifted its holdings in 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 buying an additional 90 shares during the last quarter. Finally, West Oak Capital LLC lifted its holdings in Ares Management by 66.7% during the 1st quarter. West Oak Capital LLC now owns 250 shares of the asset manager’s stock worth $33,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 50.03% of the company’s stock.

Ares Management Stock Performance

Ares Management stock opened at $142.56 on Wednesday. The firm has a market capitalization of $44.17 billion, a P/E ratio of 63.93, a PEG ratio of 1.21 and a beta of 1.22. The stock has a fifty day moving average price of $138.87 and a 200 day moving average price of $132.20. Ares Management has a 52 week low of $96.00 and a 52 week high of $150.12. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.70.

Ares Management (NYSE:ARES) last released its earnings results on Thursday, May 2nd. The asset manager reported $0.80 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.13). The business had revenue of $707.36 million during the quarter, compared to analyst estimates of $814.88 million. Ares Management had a net margin of 12.86% and a return on equity of 21.22%. During the same quarter in the previous year, the company posted $0.71 earnings per share. Equities research analysts anticipate that Ares Management will post 4.27 earnings per share for the current year.

Ares Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $0.93 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.61%. Ares Management’s dividend payout ratio (DPR) is currently 166.82%.

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.