Ares Management Co. to Post Q1 2022 Earnings of $0.68 Per Share, Oppenheimer Forecasts (NYSE:ARES)

Ares Management Co. (NYSE:ARES) – Stock analysts at Oppenheimer issued their Q1 2022 earnings estimates for shares of Ares Management in a research note issued on Thursday, January 13th. Oppenheimer analyst C. Kotowski expects that the asset manager will post earnings of $0.68 per share for the quarter. Oppenheimer also issued estimates for Ares Management’s Q2 2022 earnings at $0.71 EPS, Q3 2022 earnings at $0.75 EPS, Q4 2022 earnings at $0.88 EPS, FY2022 earnings at $3.02 EPS and FY2023 earnings at $3.70 EPS.

Other research analysts have also issued reports about the stock. Morgan Stanley reissued a “hold” rating and issued a $92.00 target price on shares of Ares Management in a report on Friday, December 3rd. Royal Bank of Canada raised their target price on shares of Ares Management from $87.00 to $98.00 and gave the company an “outperform” rating in a report on Friday, October 29th. Bank of America started coverage on shares of Ares Management in a report on Thursday, December 16th. They issued a “buy” rating and a $117.00 target price for the company. Jefferies Financial Group raised their target price on shares of Ares Management from $82.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, September 30th. Finally, Wells Fargo & Company began coverage on Ares Management in a research report on Wednesday, December 15th. They issued an “overweight” rating and a $96.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $86.44.

ARES stock opened at $77.12 on Friday. The firm has a fifty day moving average price of $81.27 and a 200 day moving average price of $76.44. Ares Management has a fifty-two week low of $44.43 and a fifty-two week high of $90.08. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a market cap of $22.36 billion, a PE ratio of 40.17, a price-to-earnings-growth ratio of 0.82 and a beta of 1.02.

Ares Management (NYSE:ARES) last issued its quarterly earnings data on Wednesday, October 27th. The asset manager reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.02). Ares Management had a return on equity of 14.96% and a net margin of 10.23%. The firm had revenue of $512.59 million for the quarter, compared to analysts’ expectations of $528.44 million. During the same period last year, the company earned $0.48 earnings per share.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 31st. Stockholders of record on Friday, December 17th were given a dividend of $0.47 per share. The ex-dividend date was Thursday, December 16th. This represents a $1.88 annualized dividend and a dividend yield of 2.44%. Ares Management’s dividend payout ratio (DPR) is 97.92%.

In other news, insider R. Kipp Deveer sold 29,224 shares of Ares Management stock in a transaction on Monday, November 1st. The stock was sold at an average price of $84.33, for a total transaction of $2,464,459.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael J. Arougheti sold 46,721 shares of Ares Management stock in a transaction on Thursday, January 13th. The stock was sold at an average price of $77.81, for a total value of $3,635,361.01. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 320,741 shares of company stock valued at $26,589,266. Corporate insiders own 49.34% of the company’s stock.

Several institutional investors have recently made changes to their positions in ARES. Wellington Management Group LLP increased its stake in shares of Ares Management by 10.1% during the third quarter. Wellington Management Group LLP now owns 16,801,355 shares of the asset manager’s stock valued at $1,240,444,000 after buying an additional 1,548,154 shares during the period. Principal Financial Group Inc. increased its stake in shares of Ares Management by 13,697.4% during the second quarter. Principal Financial Group Inc. now owns 1,527,512 shares of the asset manager’s stock valued at $97,135,000 after buying an additional 1,516,441 shares during the period. Vanguard Group Inc. increased its stake in shares of Ares Management by 11.5% during the second quarter. Vanguard Group Inc. now owns 13,496,742 shares of the asset manager’s stock valued at $858,257,000 after buying an additional 1,391,706 shares during the period. Sumitomo Mitsui Financial Group Inc. grew its stake in Ares Management by 10.2% in the second quarter. Sumitomo Mitsui Financial Group Inc. now owns 13,364,740 shares of the asset manager’s stock valued at $849,864,000 after purchasing an additional 1,234,200 shares during the last quarter. Finally, Macquarie Group Ltd. grew its stake in Ares Management by 31,395.6% in the second quarter. Macquarie Group Ltd. now owns 926,600 shares of the asset manager’s stock valued at $58,923,000 after purchasing an additional 923,658 shares during the last quarter. Hedge funds and other institutional investors own 44.42% of the company’s stock.

About Ares Management

Ares Management Corp. is engaged in providing investment management and consultancy services. It operates through the following segments: Credit Group, Private Equity Group and Real Estate Group. The Credit Group segment offers credit strategies across the liquid and illiquid spectrum, including syndicated bank loans, high yield bonds, credit opportunities, special situations, asset-backed investments and U.S.

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