Ares Management (NYSE:ARES) Given New $200.00 Price Target at TD Cowen

Ares Management (NYSE:ARES) had its price target increased by equities researchers at TD Cowen from $197.00 to $200.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the asset manager’s stock. TD Cowen’s target price would suggest a potential upside of 18.81% from the company’s current price.

Several other analysts have also recently commented on ARES. Bank of America increased their price target on shares of Ares Management from $196.00 to $197.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. UBS Group dropped their target price on Ares Management from $201.00 to $198.00 and set a “neutral” rating on the stock in a research report on Tuesday. Keefe, Bruyette & Woods raised their price objective on Ares Management from $188.00 to $189.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ares Management in a report on Monday, December 29th. Finally, Wolfe Research set a $210.00 price objective on Ares Management and gave the company an “outperform” rating in a research note on Wednesday, January 7th. Thirteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Ares Management has an average rating of “Moderate Buy” and an average target price of $192.14.

Ares Management Stock Performance

NYSE ARES traded down $0.87 during trading on Wednesday, hitting $168.34. The company’s stock had a trading volume of 436,386 shares, compared to its average volume of 1,539,797. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.62. Ares Management has a 52 week low of $110.63 and a 52 week high of $200.49. The firm has a 50 day moving average price of $162.27 and a 200 day moving average price of $168.39. The firm has a market cap of $55.03 billion, a P/E ratio of 72.35, a price-to-earnings-growth ratio of 1.03 and a beta of 1.53.

Ares Management (NYSE:ARES) last released its earnings results on Friday, October 31st. The asset manager reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.05. Ares Management had a return on equity of 16.33% and a net margin of 11.72%.The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the business earned $0.55 earnings per share. Equities research analysts forecast that Ares Management will post 5.28 earnings per share for the current fiscal year.

Insider Activity

In other Ares Management news, CEO Michael J. Arougheti sold 56,257 shares of Ares Management stock in a transaction on Monday, December 1st. The stock was sold at an average price of $157.26, for a total transaction of $8,846,975.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 590,000 shares of company stock valued at $90,653,808 in the last quarter. Company insiders own 0.52% of the company’s stock.

Institutional Trading of Ares Management

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC grew its holdings in shares of Ares Management by 116.7% during the first quarter. AQR Capital Management LLC now owns 10,360 shares of the asset manager’s stock worth $1,519,000 after buying an additional 5,579 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Ares Management by 5.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,344 shares of the asset manager’s stock worth $197,000 after buying an additional 70 shares during the last quarter. Empowered Funds LLC boosted its stake in Ares Management by 42.7% during the 1st quarter. Empowered Funds LLC now owns 6,197 shares of the asset manager’s stock valued at $909,000 after purchasing an additional 1,853 shares during the period. Focus Partners Wealth lifted its position in Ares Management by 15.3% in the first quarter. Focus Partners Wealth now owns 1,902 shares of the asset manager’s stock worth $279,000 after purchasing an additional 252 shares during the period. Finally, Geneos Wealth Management Inc. boosted its stake in Ares Management by 708.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 493 shares of the asset manager’s stock valued at $72,000 after purchasing an additional 432 shares in the last quarter. Institutional investors and hedge funds own 50.03% of the company’s stock.

About Ares Management

Ares Management Corporation (NYSE: ARES) is a global alternative asset manager that provides investment solutions across credit, private equity and real estate. The firm originates and manages capital across a range of strategies including direct lending, syndicated and special situations credit, private equity buyouts and growth investments, and real estate equity and debt. Ares serves institutional investors, insurance companies, pension funds, sovereign wealth funds, and high‑net‑worth clients through both commingled funds and bespoke managed account structures.

Within credit, Ares offers strategies spanning leveraged loans, structured credit, opportunistic and distressed debt, and specialty finance, with an emphasis on underwriting, portfolio construction and active asset management.