Ares Management (NYSE:ARES) Price Target Lowered to $180.00 at Royal Bank Of Canada

Ares Management (NYSE:ARES) had its price target reduced by Royal Bank Of Canada from $200.00 to $180.00 in a research note published on Monday, MarketBeat reports. They currently have an outperform rating on the asset manager’s stock.

A number of other research analysts have also issued reports on ARES. TD Cowen reiterated a “buy” rating on shares of Ares Management in a research report on Wednesday, January 14th. UBS Group decreased their price objective on shares of Ares Management from $201.00 to $198.00 and set a “neutral” rating on the stock in a report on Tuesday, January 13th. Citigroup reissued a “market outperform” rating on shares of Ares Management in a research note on Tuesday, October 21st. Keefe, Bruyette & Woods upped their price target on shares of Ares Management from $188.00 to $189.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ares Management in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Ares Management has an average rating of “Moderate Buy” and a consensus target price of $185.13.

Ares Management Trading Up 5.1%

ARES stock opened at $137.11 on Monday. Ares Management has a 52-week low of $110.63 and a 52-week high of $195.26. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.62. The firm has a market cap of $44.82 billion, a P/E ratio of 81.13, a PEG ratio of 0.76 and a beta of 1.52. The company’s 50-day simple moving average is $162.53 and its 200-day simple moving average is $164.80.

Ares Management (NYSE:ARES) last released its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.26). The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.38 billion. Ares Management had a return on equity of 19.26% and a net margin of 9.41%.During the same period in the previous year, the company posted $0.55 EPS. As a group, equities analysts forecast that Ares Management will post 5.28 EPS for the current fiscal year.

Ares Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a $1.35 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $5.40 annualized dividend and a dividend yield of 3.9%. This is an increase from Ares Management’s previous quarterly dividend of $0.84. Ares Management’s dividend payout ratio (DPR) is currently 265.09%.

Insider Buying and Selling at Ares Management

In other news, CEO Michael J. Arougheti sold 186,197 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $152.75, for a total value of $28,441,591.75. Following the sale, the chief executive officer directly owned 290,997 shares in the company, valued at approximately $44,449,791.75. This trade represents a 39.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 590,000 shares of company stock valued at $90,653,808 in the last ninety days. Insiders own 0.52% of the company’s stock.

Institutional Trading of Ares Management

Several large investors have recently bought and sold shares of ARES. Creative Planning lifted its stake in shares of Ares Management by 29.6% in the 2nd quarter. Creative Planning now owns 34,036 shares of the asset manager’s stock worth $5,895,000 after acquiring an additional 7,776 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Ares Management by 2.8% during the third quarter. Principal Financial Group Inc. now owns 3,534,773 shares of the asset manager’s stock valued at $565,180,000 after buying an additional 94,825 shares in the last quarter. Wealth Alliance LLC raised its position in Ares Management by 30.6% during the second quarter. Wealth Alliance LLC now owns 4,388 shares of the asset manager’s stock valued at $760,000 after buying an additional 1,027 shares during the period. Winslow Capital Management LLC purchased a new stake in Ares Management in the 2nd quarter worth about $161,774,000. Finally, Quilter Plc boosted its position in Ares Management by 3.9% during the 3rd quarter. Quilter Plc now owns 666,703 shares of the asset manager’s stock worth $106,599,000 after acquiring an additional 24,964 shares during the period. Institutional investors and hedge funds own 50.03% of the company’s stock.

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.