1 week Ago By ABMN Staff
Shares of Ares Management Co. ( NYSE:ARES – Get Free Report ) have been assigned a consensus rating of “Moderate Buy” from the thirteen analysts that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company.
The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $172.33. A number of research firms have commented on ARES.
TD Cowen lifted their price objective on shares of Ares Management from $184.00 to $187.00 and gave the stock a “buy” rating in a report on Monday, November 4th.
Barclays lifted their price target on shares of Ares Management from $155.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, October 7th.
Deutsche Bank Aktiengesellschaft increased their price objective on shares of Ares Management from $146.00 to $150.00 and gave the stock a “hold” rating in a research note on Monday, November 11th.
UBS Group lifted their target price on Ares Management from $158.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd.
Finally, Keefe, Bruyette & Woods raised Ares Management from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $166.00 to $202.00 in a report on Friday, December 20th.
Get Our Latest Stock Analysis on Ares Management Ares Management Price Performance Ares Management ( NYSE:ARES – Get Free Report ) last announced its quarterly earnings data on Friday, November 1st. The asset manager reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.
94 by $0.01. The firm had revenue of $1.
13 billion during the quarter, compared to analyst estimates of $833.58 million. Ares Management had a return on equity of 19.
89% and a net margin of 12.51%. During the same period in the previous year, the company earned $0.
83 earnings per share. As a group, research analysts anticipate that Ares Management will post 4.06 earnings per share for the current fiscal year.
Ares Management Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were given a dividend of $0.93 per share.
The ex-dividend date was Tuesday, December 17th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.
05%. Ares Management’s dividend payout ratio (DPR) is presently 171.43%.
Insider Transactions at Ares Management In related news, insider Ryan Berry sold 1,671 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $175.00, for a total value of $292,425.
00. Following the completion of the sale, the insider now owns 253,214 shares in the company, valued at approximately $44,312,450. This represents a 0.
66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, insider R.
Kipp Deveer sold 115,838 shares of Ares Management stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $177.83, for a total transaction of $20,599,471.
54. Following the transaction, the insider now owns 1,259,162 shares in the company, valued at approximately $223,916,778.46.
The trade was a 8.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders sold a total of 614,167 shares of company stock valued at $106,716,247 in the last three months. 1.20% of the stock is currently owned by corporate insiders.
Institutional Trading of Ares Management Several hedge funds and other institutional investors have recently modified their holdings of ARES. Versant Capital Management Inc lifted its stake in Ares Management by 67.0% in the 4th quarter.
Versant Capital Management Inc now owns 162 shares of the asset manager’s stock worth $29,000 after acquiring an additional 65 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Ares Management by 53.4% in the 4th quarter.
GAMMA Investing LLC now owns 227 shares of the asset manager’s stock valued at $40,000 after purchasing an additional 79 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of Ares Management in the third quarter worth approximately $36,000. Eastern Bank acquired a new stake in shares of Ares Management during the third quarter worth approximately $39,000.
Finally, Whittier Trust Co. of Nevada Inc. grew its position in Ares Management by 21.
0% during the third quarter. Whittier Trust Co. of Nevada Inc.
now owns 559 shares of the asset manager’s stock valued at $87,000 after purchasing an additional 97 shares in the last quarter. Institutional investors and hedge funds own 50.03% of the company’s stock.
About Ares Management ( 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. Recommended Stories 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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