Royal Bank of Canada set a $26.00 target price on Ares Management (NYSE:ARES) in a research note issued to investors on Thursday morning. The firm currently has a buy rating on the asset manager’s stock.
Other research analysts have also issued reports about the company. Zacks Investment Research upgraded Ares Management from a hold rating to a buy rating and set a $26.00 target price on the stock in a report on Monday, January 15th. Keefe, Bruyette & Woods reiterated a buy rating and set a $24.00 target price on shares of Ares Management in a report on Thursday, January 11th. BidaskClub upgraded Ares Management from a hold rating to a buy rating in a report on Saturday, November 11th. TheStreet lowered Ares Management from a b rating to a c+ rating in a report on Wednesday, November 8th. Finally, Wells Fargo & Co lowered Ares Management from an outperform rating to a market perform rating in a report on Friday. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $25.00.
Ares Management (ARES) opened at $24.05 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a market capitalization of $5,110.00, a PE ratio of 42.95, a price-to-earnings-growth ratio of 0.95 and a beta of 1.36. Ares Management has a twelve month low of $17.25 and a twelve month high of $25.95.
Ares Management (NYSE:ARES) last posted its earnings results on Thursday, February 15th. The asset manager reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.06. The firm had revenue of $356.30 million for the quarter, compared to analyst estimates of $376.37 million. Ares Management had a return on equity of 42.89% and a net margin of 5.38%. The firm’s quarterly revenue was down .5% on a year-over-year basis. equities analysts predict that Ares Management will post 1.81 EPS for the current year.
The company also recently declared a dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Monday, February 26th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 23rd. Ares Management’s dividend payout ratio (DPR) is 292.86%.
Institutional investors have recently modified their holdings of the company. PM CAPITAL Ltd lifted its holdings in shares of Ares Management by 95.8% in the fourth quarter. PM CAPITAL Ltd now owns 820,159 shares of the asset manager’s stock valued at $16,403,000 after purchasing an additional 401,265 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Ares Management by 2.1% in the third quarter. American Century Companies Inc. now owns 1,208,538 shares of the asset manager’s stock valued at $22,539,000 after purchasing an additional 24,976 shares in the last quarter. Stifel Financial Corp bought a new stake in shares of Ares Management in the third quarter valued at about $278,000. Royce & Associates LP lifted its holdings in shares of Ares Management by 0.4% in the third quarter. Royce & Associates LP now owns 3,778,587 shares of the asset manager’s stock valued at $70,471,000 after purchasing an additional 16,811 shares in the last quarter. Finally, EJF Capital LLC lifted its holdings in shares of Ares Management by 17.2% in the third quarter. EJF Capital LLC now owns 1,086,804 shares of the asset manager’s stock valued at $20,269,000 after purchasing an additional 159,544 shares in the last quarter. Institutional investors own 16.21% 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.
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