Ares Management (NYSE:ARES) Price Target Raised to $150.00

Ares Management (NYSE:ARES) had its target price boosted by Deutsche Bank Aktiengesellschaft from $146.00 to $150.00 in a research note released on Monday morning,Benzinga reports. The brokerage currently has a hold rating on the asset manager’s stock.

Other equities analysts also recently issued research reports about the company. Redburn Atlantic assumed coverage on Ares Management in a research report on Tuesday, August 27th. They set a “neutral” rating and a $140.00 price target for the company. Wells Fargo & Company increased their price objective on Ares Management from $172.00 to $176.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. UBS Group increased their price objective on Ares Management from $158.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. TD Cowen increased their price objective on Ares Management from $184.00 to $187.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Morgan Stanley increased their price objective on Ares Management from $136.00 to $162.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $166.36.

Ares Management Trading Down 1.9 %

NYSE:ARES opened at $167.34 on Monday. Ares Management has a twelve month low of $101.44 and a twelve month high of $175.74. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.53. The business has a 50 day moving average price of $159.06 and a two-hundred day moving average price of $147.28. The company has a market cap of $52.38 billion, a P/E ratio of 77.64, a price-to-earnings-growth ratio of 1.87 and a beta of 1.20.

Ares Management (NYSE:ARES) last released its quarterly earnings results on Friday, November 1st. The asset manager reported $0.95 earnings per share for the quarter, topping 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 firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $833.58 million. During the same quarter in the prior year, the firm posted $0.83 EPS. As a group, analysts expect that Ares Management will post 4.07 EPS for the current fiscal year.

Ares Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 2.22%. The ex-dividend date is Tuesday, December 17th. Ares Management’s payout ratio is 171.43%.

Insiders Place Their Bets

In other Ares Management news, insider David B. Kaplan sold 10,450 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $144.46, for a total transaction of $1,509,607.00. Following the transaction, the insider now owns 191,334 shares in the company, valued at $27,640,109.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Ares Management news, CEO Michael J. Arougheti sold 10,223 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $144.47, for a total transaction of $1,476,916.81. Following the transaction, the chief executive officer now owns 191,546 shares in the company, valued at $27,672,650.62. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David B. Kaplan sold 10,450 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $144.46, for a total value of $1,509,607.00. Following the completion of the transaction, the insider now owns 191,334 shares in the company, valued at $27,640,109.64. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 561,280 shares of company stock worth $83,030,436 in the last 90 days. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. J.Safra Asset Management Corp boosted its stake in shares of Ares Management by 717.6% during the first quarter. J.Safra Asset Management Corp now owns 278 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 244 shares in the last quarter. Eastern Bank acquired a new stake in shares of Ares Management during the third quarter valued at about $39,000. West Oak Capital LLC boosted its stake in shares of Ares Management by 40.0% during the second quarter. West Oak Capital LLC now owns 350 shares of the asset manager’s stock valued at $47,000 after purchasing an additional 100 shares in the last quarter. Key Financial Inc acquired a new stake in shares of Ares Management during the second quarter valued at about $53,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Ares Management during the first quarter valued at about $54,000. Institutional investors own 50.03% of the company’s stock.

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.