Ares Management - ARES Stock Forecast, Price & News

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. Its Direct Lending Group segment provides financing solutions to small-to-medium sized companies. The company's Private Equity Group segment focuses on majority or shared-control investments primarily in under-capitalized companies. Its Real Estate Group segment invests in new developments and the repositioning of assets, with a focus on control or majority-control investments; and originates and invests in a range of self-originated financing opportunities for middle-market owners and operators of commercial real estate. The firm was previously known as Ares Management, L.P. Ares Management Corporation was founded in 1997 and is headquartered in Los Angeles, California with additional offices in the United States, Europe and Asia. Ares Management GP LLC is the general partner of the company.

Ares Management Trading Up 0.1 %

Shares of NYSE:ARES traded up $0.10 on Friday, reaching $75.04. 12,372 shares of the company traded hands, compared to its average volume of 720,833. Ares Management has a fifty-two week low of $53.15 and a fifty-two week high of $90.08. The company has a 50 day moving average of $64.08 and a 200 day moving average of $71.17. The company has a current ratio of 0.13, a quick ratio of 0.12 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $22.06 billion, a PE ratio of 48.04, a P/E/G ratio of 1.03 and a beta of 1.21.

Ares Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Thursday, September 15th. Ares Management's dividend payout ratio (DPR) is presently 156.41%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ARES. Morgan Stanley decreased their price objective on shares of Ares Management from $90.00 to $76.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 19th. Wells Fargo & Company decreased their price objective on shares of Ares Management from $89.00 to $75.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 13th. The Goldman Sachs Group cut their target price on shares of Ares Management from $87.00 to $78.00 and set a "buy" rating for the company in a research note on Wednesday, June 29th. Royal Bank of Canada cut their target price on shares of Ares Management from $95.00 to $90.00 in a research note on Monday, May 2nd. Finally, UBS Group boosted their target price on shares of Ares Management from $68.00 to $82.00 and gave the company a "buy" rating in a research note on Monday, August 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $88.67.

Insider Buying and Selling

In related news, General Counsel Aghili Naseem Sagati sold 7,446 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $73.18, for a total transaction of $544,898.28. Following the completion of the sale, the general counsel now owns 218,082 shares of the company's stock, valued at approximately $15,959,240.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Ares Management news, General Counsel Aghili Naseem Sagati sold 7,446 shares of the company's stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $73.18, for a total value of $544,898.28. Following the completion of the transaction, the general counsel now owns 218,082 shares in the company, valued at approximately $15,959,240.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Ares Management Llc purchased 75,568 shares of the firm's stock in a transaction on Monday, June 6th. The stock was bought at an average price of $8.47 per share, with a total value of $640,060.96. Following the acquisition, the insider now owns 8,675,568 shares in the company, valued at $73,482,060.96. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 245,590 shares of company stock valued at $2,085,553. 47.38% of the stock is currently owned by corporate insiders.