Ares Management (NYSE:ARES) Price Target Lowered to $147.00 at Oppenheimer

Ares Management (NYSE:ARES) had its price target cut by Oppenheimer from $215.00 to $147.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have an outperform rating on the asset manager’s stock.

ARES has been the topic of a number of other reports. Royal Bank Of Canada dropped their price target on shares of Ares Management from $180.00 to $173.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th. BMO Capital Markets dropped their price target on shares of Ares Management from $140.00 to $112.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 24th. Wolfe Research set a $210.00 price target on shares of Ares Management and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. The Goldman Sachs Group dropped their price target on shares of Ares Management from $165.00 to $131.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Finally, Raymond James Financial raised shares of Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 price target on the stock in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Ares Management has an average rating of “Moderate Buy” and an average target price of $168.73.

Ares Management Price Performance

Shares of NYSE:ARES opened at $106.57 on Monday. The company’s fifty day moving average is $114.58 and its two-hundred day moving average is $142.75. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. Ares Management has a 12-month low of $95.80 and a 12-month high of $195.26. The company has a market cap of $35.11 billion, a P/E ratio of 63.06, a price-to-earnings-growth ratio of 0.88 and a beta of 1.52.

Ares Management (NYSE:ARES) last announced its earnings results on Thursday, February 5th. The asset manager reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.26). Ares Management had a net margin of 9.41% and a return on equity of 19.04%. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the firm earned $0.55 earnings per share. Equities analysts expect that Ares Management will post 5.28 earnings per share for the current fiscal year.

Ares Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This is a positive change from Ares Management’s previous quarterly dividend of $0.84. This represents a $5.40 annualized dividend and a yield of 5.1%. Ares Management’s dividend payout ratio (DPR) is currently 319.53%.

Insider Buying and Selling at Ares Management

In other Ares Management news, Director Ashish Bhutani bought 10,000 shares of the stock in a transaction on Friday, February 6th. The shares were purchased at an average cost of $126.61 per share, with a total value of $1,266,100.00. Following the completion of the transaction, the director directly owned 34,071 shares of the company’s stock, valued at $4,313,729.31. This represents a 41.54% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Judy D. Olian bought 480 shares of the stock in a transaction on Friday, February 20th. The shares were acquired at an average cost of $124.43 per share, for a total transaction of $59,726.40. Following the completion of the transaction, the director directly owned 29,734 shares of the company’s stock, valued at approximately $3,699,801.62. The trade was a 1.64% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 36.86% of the company’s stock.

Hedge Funds Weigh In On Ares Management

Hedge funds have recently bought and sold shares of the business. Exchange Traded Concepts LLC increased its position in 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 last quarter. Osbon Capital Management LLC acquired a new position in Ares Management during the fourth quarter worth $32,000. Redmont Wealth Advisors LLC bought a new stake in Ares Management during the third quarter valued at about $40,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Ares Management in the fourth quarter valued at about $42,000. Finally, Elyxium Wealth LLC acquired a new stake in shares of Ares Management in the fourth quarter valued at about $42,000. 50.03% of the stock is owned by institutional investors and hedge funds.

Ares Management Company Profile

Ares Management Corporation (NYSE: ARES) is a global alternative asset manager that provides investment solutions across credit, private equity and real estate. The firm originates and manages capital across a range of strategies including direct lending, syndicated and special situations credit, private equity buyouts and growth investments, and real estate equity and debt. Ares serves institutional investors, insurance companies, pension funds, sovereign wealth funds, and high‑net‑worth clients through both commingled funds and bespoke managed account structures.

Within credit, Ares offers strategies spanning leveraged loans, structured credit, opportunistic and distressed debt, and specialty finance, with an emphasis on underwriting, portfolio construction and active asset management.