Ares Management Corporation (NYSE:ARES) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Ares Management Corporation (NYSE:ARES) have been given a consensus rating of “Moderate Buy” by the seventeen brokerages that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $194.7857.

Several equities research analysts have recently commented on the stock. Wolfe Research set a $210.00 price target on shares of Ares Management and gave the company an “outperform” rating in a research report on Wednesday, January 7th. Morgan Stanley set a $178.00 target price on shares of Ares Management in a research report on Tuesday, January 27th. TD Cowen reaffirmed a “buy” rating on shares of Ares Management in a report on Wednesday, January 14th. Oppenheimer reiterated an “outperform” rating and set a $224.00 price target on shares of Ares Management in a research note on Tuesday, January 20th. Finally, UBS Group cut their price objective on shares of Ares Management from $201.00 to $198.00 and set a “neutral” rating for the company in a research report on Tuesday, January 13th.

Ares Management Price Performance

NYSE ARES opened at $137.45 on Thursday. The stock has a market capitalization of $44.93 billion, a price-to-earnings ratio of 58.99, a PEG ratio of 0.76 and a beta of 1.52. Ares Management has a 1-year low of $110.63 and a 1-year high of $195.26. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.22 and a quick ratio of 0.22. The business’s fifty day moving average price is $164.16 and its 200-day moving average price is $165.96.

Ares Management (NYSE:ARES) last posted its quarterly earnings data on Friday, October 31st. The asset manager reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.05. Ares Management had a return on equity of 16.33% and a net margin of 11.72%.The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the business earned $0.55 earnings per share. On average, equities analysts predict that Ares Management will post 5.28 earnings per share for the current year.

Insider Transactions at Ares Management

In other Ares Management news, CEO Michael J. Arougheti sold 56,257 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $157.26, for a total value of $8,846,975.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 590,000 shares of company stock worth $90,653,808 over the last three months. Insiders own 36.86% of the company’s stock.

Institutional Investors Weigh In On Ares Management

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ARES. Vanguard Group Inc. raised its position in shares of Ares Management by 20.2% during the 4th quarter. Vanguard Group Inc. now owns 26,050,425 shares of the asset manager’s stock valued at $4,210,530,000 after purchasing an additional 4,373,955 shares during the period. Norges Bank bought a new position in Ares Management in the 2nd quarter worth $328,910,000. Massachusetts Financial Services Co. MA increased its stake in Ares Management by 26.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,705,599 shares of the asset manager’s stock worth $922,196,000 after buying an additional 1,187,174 shares in the last quarter. Winslow Capital Management LLC bought a new stake in Ares Management during the second quarter valued at about $161,774,000. Finally, Marshall Wace LLP raised its holdings in Ares Management by 487.4% during the third quarter. Marshall Wace LLP now owns 912,656 shares of the asset manager’s stock valued at $145,925,000 after acquiring an additional 757,293 shares during the period. 50.03% of the stock is owned by hedge funds and other institutional investors.

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.