Ares Management LP (ARES) Receives $25.00 Consensus Target Price from Brokerages

Ares Management LP (NYSE:ARES) has been assigned an average rating of “Buy” from the ten brokerages that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $25.00.

A number of analysts have recently commented on the stock. Zacks Investment Research cut shares of Ares Management from a “hold” rating to a “sell” rating in a report on Monday, March 5th. Morgan Stanley restated an “equal weight” rating and set a $24.00 target price (up previously from $20.00) on shares of Ares Management in a report on Thursday, March 1st. Wells Fargo cut shares of Ares Management from an “outperform” rating to a “market perform” rating in a report on Friday, February 16th. They noted that the move was a valuation call. ValuEngine upgraded shares of Ares Management from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 15th. Finally, Royal Bank of Canada set a $26.00 target price on shares of Ares Management and gave the company a “buy” rating in a report on Thursday, February 15th.

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Shares of ARES stock traded up $0.40 during mid-day trading on Friday, reaching $21.40. 626,445 shares of the company’s stock traded hands, compared to its average volume of 1,047,650. Ares Management has a 12 month low of $17.25 and a 12 month high of $25.95. The stock has a market cap of $1,771.04, a PE ratio of 11.09, a price-to-earnings-growth ratio of 1.31 and a beta of 1.22. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.65.

Ares Management (NYSE:ARES) last announced its earnings results on Thursday, February 15th. The asset manager reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.06. Ares Management had a net margin of 5.38% and a return on equity of 40.87%. The firm had revenue of $356.30 million for the quarter, compared to analysts’ expectations of $376.37 million. The business’s revenue for the quarter was down .5% on a year-over-year basis. sell-side analysts forecast that Ares Management will post 1.7 earnings per share for the current fiscal year.

The company also recently declared a dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 16th will be paid a $0.093 dividend. The ex-dividend date of this dividend is Friday, April 13th. Ares Management’s payout ratio is 82.90%.

A number of institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its stake in Ares Management by 359.8% in the 2nd quarter. Royal Bank of Canada now owns 9,840 shares of the asset manager’s stock worth $177,000 after purchasing an additional 7,700 shares in the last quarter. American Century Companies Inc. boosted its stake in Ares Management by 0.8% in the 4th quarter. American Century Companies Inc. now owns 1,218,527 shares of the asset manager’s stock worth $24,371,000 after purchasing an additional 9,989 shares in the last quarter. LLBH Private Wealth Management LLC boosted its stake in Ares Management by 13.2% in the 4th quarter. LLBH Private Wealth Management LLC now owns 89,863 shares of the asset manager’s stock worth $1,815,000 after purchasing an additional 10,477 shares in the last quarter. Segall Bryant & Hamill LLC boosted its stake in Ares Management by 2.9% in the 4th quarter. Segall Bryant & Hamill LLC now owns 499,050 shares of the asset manager’s stock worth $9,981,000 after purchasing an additional 14,300 shares in the last quarter. Finally, Stifel Financial Corp bought a new position in Ares Management in the 3rd quarter worth about $278,000. Institutional investors own 17.09% of the company’s stock.

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Ares Management Company Profile

Ares Management, L.P. is an alternative asset manager. The Company offers its investors a range of investment strategies. It operates through three segments: Credit Group, Private Equity Group and Real Estate Group. The Credit Group segment manages credit strategies across the non-investment grade credit universe in the United States and Europe.

Analyst Recommendations for Ares Management (NYSE:ARES)

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