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 Stock Down 3.1 %

Shares of NYSE:ARES traded down $2.44 during trading on Friday, reaching $75.10. 3,001 shares of the stock were exchanged, compared to its average volume of 826,798. The business's 50-day moving average price is $64.48 and its 200 day moving average price is $71.25. Ares Management has a twelve month low of $53.15 and a twelve month high of $90.08. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $22.07 billion, a price-to-earnings ratio of 49.71, a price-to-earnings-growth ratio of 1.01 and a beta of 1.21.

Ares Management Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ARES. JMP Securities started coverage on shares of Ares Management in a report on Wednesday, June 8th. They set a "market perform" rating for the company. TheStreet downgraded shares of Ares Management from a "b" rating to a "c+" rating in a report on Friday, June 3rd. The Goldman Sachs Group lowered their target price on shares of Ares Management from $87.00 to $78.00 and set a "buy" rating for the company in a report on Wednesday, June 29th. Royal Bank of Canada lowered their target price on shares of Ares Management from $95.00 to $90.00 in a report 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 report on Monday, August 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $88.67.

Insider Transactions at Ares Management

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