Barclays Issues Pessimistic Forecast for Ares Management (NYSE:ARES) Stock Price

Ares Management (NYSE:ARESGet Free Report) had its price target reduced by investment analysts at Barclays from $140.00 to $139.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the asset manager’s stock. Barclays‘s price objective indicates a potential upside of 17.53% from the company’s previous close.

Several other equities research analysts have also recently commented on ARES. Citigroup reissued an “outperform” rating on shares of Ares Management in a research report on Thursday. Wall Street Zen lowered Ares Management from a “hold” rating to a “sell” rating in a report on Saturday, July 4th. Royal Bank Of Canada reissued an “outperform” rating on shares of Ares Management in a research report on Wednesday, April 29th. Morgan Stanley dropped their price objective on Ares Management from $178.00 to $163.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. Finally, The Goldman Sachs Group decreased their price objective on shares of Ares Management from $165.00 to $131.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $163.06.

Get Our Latest Report on Ares Management

Ares Management Stock Up 0.2%

ARES stock opened at $118.27 on Thursday. The stock has a market capitalization of $39.01 billion, a P/E ratio of 55.00, a P/E/G ratio of 1.06 and a beta of 1.51. Ares Management has a fifty-two week low of $95.80 and a fifty-two week high of $195.26. The business has a 50-day moving average of $123.31 and a 200-day moving average of $129.07. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.23 and a quick ratio of 0.23.

Ares Management (NYSE:ARESGet Free Report) last announced its quarterly earnings data on Friday, May 1st. The asset manager reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). Ares Management had a return on equity of 22.14% and a net margin of 10.54%.The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the firm earned $1.09 EPS. On average, sell-side analysts anticipate that Ares Management will post 6.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Ares Management by 20.2% during the fourth quarter. Vanguard Group Inc. now owns 26,050,425 shares of the asset manager’s stock worth $4,210,530,000 after buying an additional 4,373,955 shares in the last quarter. Norges Bank purchased a new position in Ares Management during the 4th quarter worth $396,165,000. Geode Capital Management LLC boosted its holdings in Ares Management by 55.7% during the 4th quarter. Geode Capital Management LLC now owns 5,489,004 shares of the asset manager’s stock worth $883,716,000 after acquiring an additional 1,963,460 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Ares Management by 26.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,705,599 shares of the asset manager’s stock worth $922,196,000 after acquiring an additional 1,187,174 shares in the last quarter. Finally, River Road Asset Management LLC grew its stake in shares of Ares Management by 40,652.1% in the 4th quarter. River Road Asset Management LLC now owns 807,300 shares of the asset manager’s stock worth $130,484,000 after acquiring an additional 805,319 shares in the last quarter. Institutional investors own 50.03% of the company’s stock.

Ares Management Company Profile

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for Ares Management (NYSE:ARES)

Receive News & Ratings for Ares Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ares Management and related companies with MarketBeat.com's FREE daily email newsletter.