Ares Management (NYSE:ARES) Price Target Increased to $195.00 by Analysts at UBS Group

Ares Management (NYSE:ARES) had its price target upped by investment analysts at UBS Group from $158.00 to $195.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the asset manager’s stock. UBS Group’s target price points to a potential upside of 16.82% from the company’s current price.

A number of other analysts also recently commented on ARES. Barclays raised their price objective on Ares Management from $155.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. JPMorgan Chase & Co. raised their target price on Ares Management from $141.00 to $143.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. TD Cowen boosted their price target on shares of Ares Management from $162.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. The Goldman Sachs Group raised their price objective on shares of Ares Management from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Finally, Royal Bank of Canada increased their price target on shares of Ares Management from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, October 11th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $159.18.

Ares Management Stock Performance

ARES traded down $1.76 on Tuesday, hitting $166.93. The company had a trading volume of 73,891 shares, compared to its average volume of 1,142,843. The stock has a market cap of $51.72 billion, a price-to-earnings ratio of 74.86, a price-to-earnings-growth ratio of 1.48 and a beta of 1.22. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.05 and a quick ratio of 1.05. The company’s fifty day moving average price is $151.56 and its 200 day moving average price is $143.29. Ares Management has a 1-year low of $96.00 and a 1-year high of $171.76.

Ares Management (NYSE:ARES) last released its earnings results on Friday, August 2nd. The asset manager reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. The firm had revenue of $788.68 million for the quarter, compared to analyst estimates of $860.09 million. Ares Management had a return on equity of 20.46% and a net margin of 12.53%. During the same quarter last year, the firm posted $0.90 EPS. Equities analysts predict that Ares Management will post 4.16 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Ryan Berry sold 40,000 shares of the company’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $167.99, for a total transaction of $6,719,600.00. Following the transaction, the insider now owns 304,202 shares of the company’s stock, valued at $51,102,893.98. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Ares Management news, insider Ryan Berry sold 40,000 shares of Ares Management stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $167.99, for a total transaction of $6,719,600.00. Following the completion of the sale, the insider now owns 304,202 shares of the company’s stock, valued at approximately $51,102,893.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Bennett Rosenthal sold 27,172 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $145.67, for a total value of $3,958,145.24. Following the completion of the sale, the chairman now owns 222,828 shares of the company’s stock, valued at $32,459,354.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 622,640 shares of company stock valued at $91,378,848. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Ares Management

Several large investors have recently bought and sold shares of ARES. Riverview Trust Co acquired a new position in shares of Ares Management in the 1st quarter valued at $29,000. Signet Financial Management LLC raised its position in shares of Ares Management by 2.1% during the first quarter. Signet Financial Management LLC now owns 26,218 shares of the asset manager’s stock worth $3,486,000 after purchasing an additional 543 shares during the period. Fifth Third Wealth Advisors LLC bought a new position in shares of Ares Management during the 1st quarter valued at about $221,000. Park Place Capital Corp grew its position in shares of Ares Management by 24.4% in the 1st quarter. Park Place Capital Corp now owns 4,864 shares of the asset manager’s stock valued at $647,000 after purchasing an additional 954 shares during the period. Finally, Oak Thistle LLC bought a new stake in Ares Management during the 1st quarter worth approximately $398,000. Institutional investors own 50.03% of the company’s stock.

About Ares Management

Ares Management Corporation operates as an alternative asset manager in the United States, Europe, and Asia. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets.