Ares Management (NYSE:ARES) Stock Rating Raised to Strong-Buy at Piper Sandler

Ares Management (NYSE:ARES – Get Free Report) was upgraded by equities researchers at Piper Sandler to a “strong-buy” rating in a research note issued on Thursday, Zacks reports.

ARES has been the topic of several other reports. BMO Capital Markets increased their price objective on Ares Management from $128.00 to $134.00 and gave the company a “market perform” rating in a research note on Monday, August 3rd. Keefe, Bruyette & Woods upgraded Ares Management to a “hold” rating in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $144.00 price target on shares of Ares Management in a research report on Monday, August 3rd. Citizens Jmp decreased their price objective on Ares Management from $190.00 to $160.00 and set a “market outperform” rating for the company in a research note on Thursday, July 9th. Finally, Oppenheimer upped their target price on shares of Ares Management from $151.00 to $162.00 and gave the stock an “outperform” rating in a research note on Thursday, August 27th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Ares Management currently has an average rating of “Moderate Buy” and an average target price of $159.81.

Get Our Latest Stock Analysis on ARES

Ares Management Stock Down 1.2%

Shares of NYSE:ARES opened at $119.99 on Thursday. The firm has a market capitalization of $39.63 billion, a PE ratio of 55.04, a price-to-earnings-growth ratio of 1.08 and a beta of 1.49. Ares Management has a 1 year low of $95.80 and a 1 year high of $181.19. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.26 and a quick ratio of 0.26. The firm’s 50-day moving average is $134.04 and its two-hundred day moving average is $123.22.

Ares Management (NYSE:ARES – Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The asset manager reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. Ares Management had a net margin of 10.63% and a return on equity of 25.42%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the business posted $1.03 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. Analysts predict that Ares Management will post 5.93 EPS for the current year.

Institutional Trading of Ares Management

Several institutional investors have recently modified their holdings of the stock. Triumph Capital Management boosted its stake in Ares Management by 127.3% in the second quarter. Triumph Capital Management now owns 250 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 140 shares in the last quarter. Osbon Capital Management LLC acquired a new stake in shares of Ares Management in the 4th quarter valued at about $32,000. Wellington Altus USA Inc. purchased a new position in Ares Management during the 2nd quarter worth approximately $35,000. Anchor Investment Management LLC acquired a new position in Ares Management during the second quarter worth approximately $38,000. Finally, Western Wealth Management LLC acquired a new position in Ares Management during the first quarter worth approximately $50,000. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Ares Management Company Profile

(Get Free Report)

Ares Management Corporation is a global alternative investment manager that provides investment solutions across credit, private equity, real assets and secondaries. The company manages capital for institutional investors, financial intermediaries and individual investors through a range of private funds, public-market strategies and other investment vehicles.

Its investment activities include direct lending and other forms of private credit, corporate and growth-oriented private equity, real estate and infrastructure investments, and secondary-market transactions involving private investment interests.

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