Ares Management (NYSE:ARES) Given New $190.00 Price Target at Citizens Jmp

Ares Management (NYSE:ARES) had its price objective reduced by stock analysts at Citizens Jmp from $205.00 to $190.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “market outperform” rating on the asset manager’s stock. Citizens Jmp’s target price would indicate a potential upside of 58.41% from the stock’s current price.

ARES has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft raised Ares Management from a “hold” rating to a “buy” rating and decreased their price objective for the company from $182.00 to $155.00 in a report on Friday, February 6th. BMO Capital Markets decreased their price objective on Ares Management from $140.00 to $112.00 and set a “market perform” rating on the stock in a report on Tuesday, March 24th. Wolfe Research set a $210.00 price objective on Ares Management and gave the company an “outperform” rating in a report on Wednesday, January 7th. TD Cowen reissued a “buy” rating on shares of Ares Management in a report on Wednesday, January 14th. Finally, Barclays reduced their target price on Ares Management from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Ares Management has a consensus rating of “Moderate Buy” and a consensus price target of $166.73.

Ares Management Stock Up 1.0%

NYSE ARES opened at $119.94 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.86. The stock’s 50 day moving average is $112.76 and its two-hundred day moving average is $141.06. The company has a market capitalization of $39.52 billion, a price-to-earnings ratio of 70.97, a PEG ratio of 1.05 and a beta of 1.52. Ares Management has a 1-year low of $95.80 and a 1-year high of $195.26.

Ares Management (NYSE:ARES) last released its quarterly earnings data on Thursday, February 5th. The asset manager reported $1.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.26). The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.38 billion. Ares Management had a net margin of 9.41% and a return on equity of 19.04%. During the same period in the previous year, the firm posted $0.55 earnings per share. Equities analysts forecast that Ares Management will post 6.25 earnings per share for the current fiscal year.

Insider Activity at Ares Management

In related news, Director Ashish Bhutani acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was purchased at an average price of $126.61 per share, for a total transaction of $1,266,100.00. Following the transaction, the director directly owned 34,071 shares of the company’s stock, valued at approximately $4,313,729.31. This trade represents a 41.54% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Judy D. Olian acquired 480 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was bought at an average price of $124.43 per share, with a total value of $59,726.40. Following the transaction, the director directly owned 29,734 shares in the company, valued at $3,699,801.62. The trade was a 1.64% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.52% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ARES. Exchange Traded Concepts LLC raised 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 acquiring an additional 95 shares during the last quarter. Osbon Capital Management LLC acquired a new position in shares of Ares Management in the 4th quarter valued at $32,000. Redmont Wealth Advisors LLC acquired a new position in shares of Ares Management in the 3rd quarter valued at $40,000. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Ares Management in the 4th quarter valued at $42,000. Finally, Elyxium Wealth LLC acquired a new position in shares of Ares Management in the 4th quarter valued at $42,000. Institutional investors own 50.03% of the company’s stock.

Ares Management Company Profile

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.