Ares Management (NYSE:ARES) Stock Rating Upgraded by Raymond James Financial

Ares Management (NYSE:ARES) was upgraded by equities researchers at Raymond James Financial from a “market perform” rating to a “strong-buy” rating in a research note issued to investors on Monday. The firm presently has a $157.00 target price on the asset manager’s stock. Raymond James Financial’s target price indicates a potential upside of 20.09% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Wolfe Research set a $210.00 price target on shares of Ares Management and gave the stock an “outperform” rating in a report on Wednesday, January 7th. The Goldman Sachs Group set a $165.00 target price on Ares Management in a research report on Friday. TD Cowen restated a “buy” rating on shares of Ares Management in a research report on Wednesday, January 14th. Morgan Stanley set a $178.00 price objective on Ares Management in a research note on Tuesday, January 27th. Finally, Citigroup reiterated a “market outperform” rating on shares of Ares Management in a research report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Ares Management presently has an average rating of “Moderate Buy” and a consensus price target of $187.31.

Ares Management Stock Up 7.3%

Shares of ARES opened at $130.74 on Monday. The firm has a 50 day simple moving average of $162.98 and a two-hundred day simple moving average of $165.12. The company has a market cap of $42.73 billion, a P/E ratio of 77.36, a P/E/G ratio of 0.76 and a beta of 1.52. Ares Management has a one year low of $110.63 and a one year high of $195.26. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.22 and a quick ratio of 0.22.

Ares Management (NYSE:ARES) last issued its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.26). Ares Management had a net margin of 9.41% and a return on equity of 19.26%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the business posted $0.55 EPS. Research analysts forecast that Ares Management will post 5.28 EPS for the current fiscal year.

Insider Activity

In related 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 document filed with the SEC, which is available through the SEC website. In the last three months, insiders have sold 590,000 shares of company stock valued at $90,653,808. Corporate insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On Ares Management

Several large investors have recently added to or reduced their stakes in ARES. Exchange Traded Concepts LLC grew its position in shares of Ares Management by 100.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 190 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 95 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Ares Management during the second quarter valued at $35,000. Ameritas Advisory Services LLC purchased a new position in Ares Management during the second quarter worth about $43,000. Redmont Wealth Advisors LLC purchased a new position in Ares Management during the third quarter worth about $40,000. Finally, Atlantic Edge Private Wealth Management LLC bought a new position in Ares Management in the 4th quarter worth about $42,000. Hedge funds and other institutional investors 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.