Ares Management’s (ARES) Hold (C) Rating Reaffirmed at Weiss Ratings

Weiss Ratings reissued their hold (c) rating on shares of Ares Management (NYSE:ARES) in a report released on Tuesday,Weiss Ratings reports.

Several other equities research analysts have also commented on ARES. Royal Bank Of Canada reiterated an “outperform” rating and set a $215.00 price objective on shares of Ares Management in a research note on Monday, September 29th. Wells Fargo & Company upped their price target on Ares Management from $189.00 to $202.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Oppenheimer set a $180.00 price target on Ares Management and gave the company an “outperform” rating in a research report on Tuesday. Bank of America upped their price target on Ares Management from $196.00 to $197.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Finally, Barclays decreased their price objective on Ares Management from $200.00 to $187.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. Fourteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Ares Management presently has an average rating of “Moderate Buy” and a consensus price target of $181.31.

Ares Management Price Performance

NYSE:ARES opened at $149.38 on Tuesday. Ares Management has a 12 month low of $110.63 and a 12 month high of $200.49. The stock has a 50 day moving average of $173.59 and a two-hundred day moving average of $167.20. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.64. The firm has a market cap of $48.81 billion, a P/E ratio of 86.35, a price-to-earnings-growth ratio of 1.13 and a beta of 1.43.

Ares Management (NYSE:ARES) last posted its quarterly earnings data on Friday, August 1st. The asset manager reported $1.03 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.12). Ares Management had a return on equity of 15.81% and a net margin of 9.47%.The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the firm posted $0.99 earnings per share. On average, analysts expect that Ares Management will post 5.28 earnings per share for the current fiscal year.

Ares Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Tuesday, September 16th. Ares Management’s dividend payout ratio (DPR) is presently 258.96%.

Insider Activity

In other news, Chairman Antony P. Ressler sold 128,837 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $178.30, for a total value of $22,971,637.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold 2,590,000 shares of company stock valued at $464,430,639 in the last 90 days. 0.52% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ares Management

Large investors have recently bought and sold shares of the business. Redmont Wealth Advisors LLC purchased a new stake in shares of Ares Management in the 1st quarter valued at about $28,000. Exchange Traded Concepts LLC boosted its stake in shares of Ares Management by 100.0% during the third quarter. Exchange Traded Concepts LLC now owns 190 shares of the asset manager’s stock worth $30,000 after buying an additional 95 shares during the period. Financial Network Wealth Advisors LLC acquired a new stake in shares of Ares Management during the first quarter worth about $31,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Ares Management during the second quarter worth about $35,000. Finally, Rakuten Securities Inc. boosted its stake in shares of Ares Management by 3,262.5% during the first quarter. Rakuten Securities Inc. now owns 269 shares of the asset manager’s stock worth $39,000 after buying an additional 261 shares during the period. Hedge funds and other 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.