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

Shares of Ares Management Co. (NYSE:ARES) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $172.33.

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada lifted their price objective on Ares Management from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. TD Cowen lifted their target price on Ares Management from $184.00 to $187.00 and gave the company a “buy” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. reduced 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 report on Tuesday, November 5th. Morgan Stanley raised their price objective on shares of Ares Management from $136.00 to $162.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Finally, 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.

Insider Transactions at Ares Management

In other Ares Management news, 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 transaction of $3,356,837.12. Following the transaction, the chairman now owns 229,952 shares of the company’s stock, valued at approximately $38,503,162.88. This trade represents a 8.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ryan Berry sold 18,329 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $175.18, for a total value of $3,210,874.22. Following the completion of the sale, the insider now directly owns 254,885 shares of the company’s stock, valued at $44,650,754.30. The trade was a 6.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 614,167 shares of company stock valued at $106,716,247. 1.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ares Management

A number of institutional investors have recently modified their holdings of the business. Concurrent Investment Advisors LLC raised its holdings in shares of Ares Management by 13.8% in the second quarter. Concurrent Investment Advisors LLC now owns 5,797 shares of the asset manager’s stock valued at $773,000 after buying an additional 704 shares during the last quarter. Van ECK Associates Corp lifted its position in Ares Management by 20.1% during the 2nd quarter. Van ECK Associates Corp now owns 6,882 shares of the asset manager’s stock worth $917,000 after acquiring an additional 1,150 shares during the period. CIBC Asset Management Inc grew its stake in shares of Ares Management by 34.9% in the 2nd quarter. CIBC Asset Management Inc now owns 6,422 shares of the asset manager’s stock valued at $856,000 after purchasing an additional 1,662 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Ares Management by 5.3% in the second quarter. Rhumbline Advisers now owns 234,826 shares of the asset manager’s stock valued at $31,298,000 after purchasing an additional 11,806 shares during the period. Finally, Fiduciary Family Office LLC purchased a new stake in shares of Ares Management during the second quarter worth approximately $810,000. 50.03% of the stock is owned by institutional investors and hedge funds.

Ares Management Trading Up 1.3 %

NYSE ARES opened at $181.11 on Wednesday. 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 $56.70 billion, a P/E ratio of 83.46, a PEG ratio of 1.99 and a beta of 1.18. The firm’s 50-day moving average is $174.34 and its two-hundred day moving average is $157.05. Ares Management has a 12 month low of $112.83 and a 12 month high of $185.06.

Ares Management (NYSE:ARES) last issued its quarterly earnings data on Friday, November 1st. The asset manager reported $0.95 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $833.58 million. During the same period in the prior year, the business posted $0.83 EPS. On average, sell-side analysts anticipate that Ares Management will post 4.06 earnings per share for the current year.

Ares Management Dividend Announcement

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 2.05%. The ex-dividend date was Tuesday, December 17th. Ares Management’s dividend payout ratio is presently 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.