Ares Management (NYSE:ARES – Get Free Report) had its price objective reduced by JPMorgan Chase & Co. from $155.00 to $154.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the asset manager’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 20.16% from the stock’s current price.
Other analysts have also recently issued reports about the stock. Oppenheimer lifted 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. Citizens Jmp decreased their price target on shares of Ares Management from $190.00 to $160.00 and set a “market outperform” rating for the company in a report on Thursday, July 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ares Management in a research note on Friday, August 21st. Piper Sandler cut their target price on Ares Management from $150.00 to $143.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. Finally, The Goldman Sachs Group lowered their price target on Ares Management from $145.00 to $139.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $146.21.
View Our Latest Research Report on Ares Management
Ares Management Stock Up 0.5%
NYSE ARES traded up $0.69 during trading on Friday, hitting $128.16. The company’s stock had a trading volume of 3,191,806 shares, compared to its average volume of 2,898,783. 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 company has a market cap of $42.33 billion, a PE ratio of 58.79, a P/E/G ratio of 1.12 and a beta of 1.53. The business’s 50 day simple moving average is $126.00 and its 200-day simple moving average is $125.26. Ares Management has a fifty-two week low of $95.80 and a fifty-two week high of $181.19.
Ares Management (NYSE:ARES – Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The asset manager reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.01. Ares Management had a return on equity of 25.42% and a net margin of 10.63%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the firm earned $1.15 earnings per share. The company’s revenue was down 13.5% on a year-over-year basis. On average, equities analysts anticipate that Ares Management will post 5.80 EPS for the current fiscal year.
Institutional Investors Weigh In On Ares Management
A number of hedge funds and other institutional investors have recently made changes to their positions in ARES. Principal Financial Group Inc. boosted its stake in shares of Ares Management by 4.4% during the 1st quarter. Principal Financial Group Inc. now owns 4,009,291 shares of the asset manager’s stock worth $437,417,000 after acquiring an additional 169,598 shares in the last quarter. Vulcan Value Partners LLC raised its holdings in Ares Management by 12.5% in the 2nd quarter. Vulcan Value Partners LLC now owns 1,902,580 shares of the asset manager’s stock worth $211,776,000 after purchasing an additional 211,404 shares during the period. Janus Henderson Group PLC raised its holdings in Ares Management by 43.8% in the 1st quarter. Janus Henderson Group PLC now owns 1,653,078 shares of the asset manager’s stock worth $180,343,000 after purchasing an additional 503,688 shares during the period. Curated Wealth Partners LLC boosted its position in Ares Management by 968.3% during the third quarter. Curated Wealth Partners LLC now owns 1,450,854 shares of the asset manager’s stock worth $168,546,000 after purchasing an additional 1,315,043 shares in the last quarter. Finally, Hamlin Capital Management LLC grew its holdings in Ares Management by 6.6% in the third quarter. Hamlin Capital Management LLC now owns 1,022,899 shares of the asset manager’s stock valued at $118,830,000 after purchasing an additional 63,265 shares during the period. Institutional investors and hedge funds own 50.03% of the company’s stock.
Ares Management News Summary
Here are the key news stories impacting Ares Management this week:
- Positive Sentiment: Third-quarter adjusted EPS came in at $1.26, narrowly exceeding the $1.25 consensus estimate, while revenue of $1.43 billion substantially topped expectations of $1.24 billion. Assets under management rose to approximately $690.6 billion, supported by higher management fees and capital inflows. Ares Q3 Earnings Beat Estimates
- Positive Sentiment: Fundraising momentum remains strong: Ares raised more than $31 billion in gross commitments during the quarter, including an $8 billion first close for its flagship credit fund, and invested approximately $35 billion. Management also said it is positioned for a potentially record fundraising year. Ares Flagship Credit Fund First Close
- Positive Sentiment: Direct-lending activity was substantial, with $6.3 billion of U.S. commitments closed across 55 transactions in the quarter and $43.4 billion over the past 12 months. Ares also expects $300 million to $325 million of 2026 net realized performance income, including $115 million to $125 million in the fourth quarter. Ares Direct Lending Activity
- Positive Sentiment: Analysts increased their targets: Barclays raised its target to $151, Wells Fargo to $141, RBC to $171 and TD Cowen maintained a buy rating with a $158 target. These targets imply meaningful potential upside and may support the stock’s advance. Analyst Price Target Changes
- Positive Sentiment: Ares declared a quarterly dividend of $1.35 per share, equivalent to $5.40 annually and a yield of approximately 4.2%, enhancing the stock’s income appeal. Ares Third Quarter Results
- Neutral Sentiment: Keefe, Bruyette & Woods lifted its target from $119 to $130 but retained a market-perform rating, suggesting limited upside relative to the more bullish analyst views. KBW Ares Rating
- Negative Sentiment: Despite the adjusted earnings beat, GAAP net income was $85.3 million and revenue declined 13.5% year over year, highlighting pressure from weaker realized performance income and potentially tempering the market’s response to the otherwise strong operating metrics. Ares Q3 Income Declines
About Ares Management
Ares Management Corporation (NYSE: ARES) is a global alternative investment manager that provides investment solutions across credit, private equity, real assets and secondaries. The company manages capital on behalf of institutional investors, pension funds, insurance companies, sovereign wealth funds, family offices and individual investors.
Its investment activities include direct lending and other credit strategies, control and minority investments in private companies, real estate and infrastructure investments, and secondary-market transactions involving private assets and fund interests.
See Also
- Five stocks we like better than Ares Management
- Amazon’s Record Margins Couldn’t Stop the Sell-Off—Here’s Why
- DoorDash’s $17 Billion Bet on Instacart Faces a Long Regulatory Road Ahead
- FTC Puts A Wrinkle In the Cintas and UniFirst Merger
- Breaching the Valuation: The Real Reason Fortinet Dropped
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.
