Analysts Set Ares Management Corporation (NYSE:ARES) Price Target at $181.93

Ares Management Corporation (NYSE:ARES) has been assigned a consensus rating of “Moderate Buy” from the eighteen research firms that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $181.9333.

A number of research firms have recently commented on ARES. BMO Capital Markets began coverage on Ares Management in a research note on Friday, October 3rd. They set a “market perform” rating and a $156.00 target price on the stock. Wells Fargo & Company lifted their target price on Ares Management from $189.00 to $202.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Barclays lowered their target price on Ares Management from $200.00 to $187.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 8th. Oppenheimer set a $180.00 target price on Ares Management and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Finally, Morgan Stanley lowered their target price on Ares Management from $178.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 21st.

Insider Activity at Ares Management

In other news, Chairman Antony P. Ressler sold 128,837 shares of Ares Management stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $178.30, for a total transaction of $22,971,637.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders sold 2,590,000 shares of company stock worth $464,430,639. Insiders own 36.86% of the company’s stock.

Institutional Investors Weigh In On Ares Management

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Ares Management by 9.1% in the 2nd quarter. Vanguard Group Inc. now owns 20,936,367 shares of the asset manager’s stock valued at $3,626,179,000 after acquiring an additional 1,746,376 shares during the period. JPMorgan Chase & Co. raised its stake in Ares Management by 0.4% in the 1st quarter. JPMorgan Chase & Co. now owns 8,308,330 shares of the asset manager’s stock valued at $1,218,084,000 after acquiring an additional 30,451 shares during the period. Geode Capital Management LLC raised its stake in Ares Management by 7.6% in the 2nd quarter. Geode Capital Management LLC now owns 3,454,083 shares of the asset manager’s stock valued at $596,280,000 after acquiring an additional 244,286 shares during the period. Principal Financial Group Inc. raised its stake in Ares Management by 4.8% in the 1st quarter. Principal Financial Group Inc. now owns 3,354,032 shares of the asset manager’s stock valued at $491,735,000 after acquiring an additional 152,169 shares during the period. Finally, Raymond James Financial Inc. raised its stake in Ares Management by 0.3% in the 1st quarter. Raymond James Financial Inc. now owns 1,902,603 shares of the asset manager’s stock valued at $278,941,000 after acquiring an additional 5,424 shares during the period. 50.03% of the stock is currently owned by institutional investors.

Ares Management Price Performance

Shares of NYSE:ARES opened at $147.21 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.64. The stock’s fifty day simple moving average is $164.34 and its two-hundred day simple moving average is $168.25. Ares Management has a 1-year low of $110.63 and a 1-year high of $200.49. The stock has a market cap of $48.09 billion, a PE ratio of 85.09, a price-to-earnings-growth ratio of 1.19 and a beta of 1.43.

Ares Management (NYSE:ARES) last issued its quarterly earnings data on Friday, August 1st. The asset manager reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.12). The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.02 billion. Ares Management had a net margin of 9.47% and a return on equity of 15.81%. During the same quarter last year, the business posted $0.99 earnings per share. As a group, analysts forecast that Ares Management will post 5.28 EPS for the current fiscal year.

Ares Management Company Profile

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.