Ares Management (NYSE:ARES) Given New $158.00 Price Target at UBS Group

Ares Management (NYSE:ARESGet Free Report) had its target price cut by analysts at UBS Group from $160.00 to $158.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the asset manager’s stock. UBS Group’s target price indicates a potential upside of 15.25% from the company’s previous close.

Several other analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft downgraded Ares Management from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $176.00 to $132.00 in a research note on Thursday, June 13th. JMP Securities reaffirmed a “market perform” rating on shares of Ares Management in a research report on Tuesday, April 9th. Barclays dropped their price objective on Ares Management from $153.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, May 3rd. Royal Bank of Canada restated an “outperform” rating and set a $150.00 target price on shares of Ares Management in a report on Wednesday, May 22nd. Finally, Jefferies Financial Group cut their price target on shares of Ares Management from $131.00 to $127.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Ares Management has an average rating of “Hold” and an average price target of $129.21.

Get Our Latest Analysis on Ares Management

Ares Management Trading Up 1.7 %

Shares of ARES stock traded up $2.31 on Wednesday, reaching $137.09. 96,482 shares of the stock were exchanged, compared to its average volume of 1,142,353. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.03 and a quick ratio of 1.03. Ares Management has a one year low of $93.69 and a one year high of $150.12. The stock has a market cap of $42.47 billion, a PE ratio of 61.22, a P/E/G ratio of 1.19 and a beta of 1.22. The stock has a 50 day moving average price of $138.38 and a 200 day moving average price of $131.90.

Ares Management (NYSE:ARESGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The asset manager reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.13). Ares Management had a return on equity of 21.22% and a net margin of 12.86%. The company had revenue of $707.36 million during the quarter, compared to the consensus estimate of $814.88 million. During the same quarter in the prior year, the business earned $0.71 earnings per share. Equities research analysts forecast that Ares Management will post 4.27 EPS for the current fiscal year.

Insider Transactions at Ares Management

In other news, Chairman Antony P. Ressler sold 114,492 shares of Ares Management stock in a transaction on Friday, April 12th. The shares were sold at an average price of $131.97, for a total value of $15,109,509.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Ares Management news, CEO Michael J. Arougheti sold 157,837 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $148.22, for a total transaction of $23,394,600.14. Following the completion of the sale, the chief executive officer now owns 92,163 shares in the company, valued at approximately $13,660,399.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Antony P. Ressler sold 114,492 shares of Ares Management stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $131.97, for a total value of $15,109,509.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 969,315 shares of company stock worth $132,164,160. Company insiders own 41.89% of the company’s stock.

Hedge Funds Weigh In On Ares Management

A number of hedge funds and other institutional investors have recently made changes to their positions in ARES. Compass Wealth Management LLC bought a new position in shares of Ares Management during the 1st quarter valued at approximately $28,000. Rise Advisors LLC boosted its position in shares of Ares Management by 73.9% in the fourth quarter. Rise Advisors LLC now owns 240 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 102 shares during the period. Riverview Trust Co purchased a new position in Ares Management during the first quarter valued at approximately $29,000. Hartford Financial Management Inc. increased its holdings in Ares Management by 47.4% during the 4th quarter. Hartford Financial Management Inc. now owns 280 shares of the asset manager’s stock worth $33,000 after acquiring an additional 90 shares during the period. Finally, West Oak Capital LLC lifted its stake in Ares Management by 66.7% in the 1st quarter. West Oak Capital LLC now owns 250 shares of the asset manager’s stock worth $33,000 after purchasing an additional 100 shares in the last quarter. 50.03% of the stock is owned by hedge funds and other institutional investors.

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.

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