1 week Ago By Defense World Staff
Ares Management Co. ( NYSE:ARES – Get Free Report ) has been given a consensus rating of “Moderate Buy” by the thirteen analysts that are presently covering the firm, MarketBeat.com reports.
Five equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $171.92.
Several equities research analysts have commented on ARES shares. The Goldman Sachs Group boosted their target price on Ares Management from $145.00 to $160.
00 and gave the company a “buy” rating in a research note on Monday, September 30th. Morgan Stanley increased their target price on shares of Ares Management from $136.00 to $162.
00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods upgraded shares of Ares Management from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $166.00 to $202.
00 in a research note on Friday, December 20th. Barclays increased their price objective on shares of Ares Management from $155.00 to $174.
00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Finally, JPMorgan Chase & Co. lowered their target price on Ares Management from $176.
00 to $174.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Check Out Our Latest Research Report on Ares Management Ares Management Stock Performance Ares Management ( NYSE:ARES – Get Free Report ) last posted its quarterly earnings data on Friday, November 1st.
The asset manager reported $0.95 EPS for the quarter, beating the consensus estimate of $0.94 by $0.
01. Ares Management had a net margin of 12.51% and a return on equity of 19.
89%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $833.
58 million. During the same period in the previous year, the firm posted $0.83 EPS.
On average, analysts expect that Ares Management will post 4.05 earnings per share for the current fiscal year. Ares Management Announces Dividend The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st.
Stockholders of record on Tuesday, December 17th were paid a dividend of $0.93 per share. This represents a $3.
72 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Tuesday, December 17th.
Ares Management’s dividend payout ratio is presently 171.43%. Insider Buying and Selling In other news, CEO Michael J.
Arougheti sold 20,096 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $167.44, for a total value of $3,364,874.
24. Following the completion of the sale, the chief executive officer now owns 229,904 shares of the company’s stock, valued at approximately $38,495,125.76.
The trade was a 8.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link .
Also, insider Ryan Berry sold 18,329 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $175.18, for a total transaction of $3,210,874.
22. Following the transaction, the insider now directly owns 254,885 shares in the company, valued at approximately $44,650,754.30.
This represents a 6.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
In the last 90 days, insiders sold 574,167 shares of company stock valued at $99,996,647. Company insiders own 1.20% of the company’s stock.
Institutional Inflows and Outflows A number of institutional investors and hedge funds have recently made changes to their positions in the business. Alliance Wealth Advisors LLC UT boosted its stake in shares of Ares Management by 1.5% in the fourth quarter.
Alliance Wealth Advisors LLC UT now owns 26,490 shares of the asset manager’s stock valued at $4,689,000 after buying an additional 389 shares during the period. Rheos Capital Works Inc. acquired a new position in Ares Management in the 4th quarter valued at $11,826,000.
CENTRAL TRUST Co lifted its position in shares of Ares Management by 1,572.7% during the 4th quarter. CENTRAL TRUST Co now owns 368 shares of the asset manager’s stock valued at $65,000 after acquiring an additional 346 shares during the period.
Round Rock Advisors LLC acquired a new stake in shares of Ares Management during the 4th quarter worth $231,000. Finally, Golden State Equity Partners increased its position in shares of Ares Management by 17.3% in the fourth quarter.
Golden State Equity Partners now owns 4,094 shares of the asset manager’s stock worth $725,000 after purchasing an additional 603 shares during the period. Institutional investors and hedge funds own 50.03% of the company’s stock.
Ares Management Company Profile ( Get Free Report 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. See Also Five stocks we like better than Ares Management Best ESG Stocks: 11 Best Stocks for ESG Investing Bloom Energy: Powering the Future With Decentralized Energy Ride Out The Recession With These Dividend Kings Dividend Powerhouses: Blue-Chip Stocks Built for the Long Haul The Most Important Warren Buffett Stock for Investors: His Own Why Traders Are Buying the Dip on Johnson & Johnson Stock Receive News & Ratings for Ares Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ares Management and related companies with MarketBeat.
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