UBS Group Increases Ares Management (NYSE:ARES) Price Target to $195.00

Ares Management (NYSE:ARES) had its price target boosted by research analysts at UBS Group from $158.00 to $195.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the asset manager’s stock. UBS Group’s target price points to a potential upside of 16.55% from the company’s current price.

A number of other research firms have also issued reports on ARES. The Goldman Sachs Group increased their target price on Ares Management from $145.00 to $160.00 and gave the company a “buy” rating in a report on Monday, September 30th. Royal Bank of Canada increased their price objective on Ares Management from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, October 11th. Morgan Stanley lifted their target price on Ares Management from $136.00 to $162.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Barclays increased their price target on shares of Ares Management from $155.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Finally, Wells Fargo & Company boosted their price objective on shares of Ares Management from $156.00 to $172.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $159.18.

Ares Management Trading Down 0.3 %

Shares of ARES opened at $167.31 on Tuesday. The business’s 50-day moving average price is $152.56 and its 200 day moving average price is $143.69. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $51.84 billion, a P/E ratio of 75.03, a P/E/G ratio of 1.48 and a beta of 1.22. 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 for the quarter, topping the consensus estimate of $0.98 by $0.01. The business had revenue of $788.68 million for the quarter, compared to the consensus estimate of $860.09 million. Ares Management had a net margin of 12.53% and a return on equity of 20.46%. During the same period last year, the firm posted $0.90 earnings per share. Analysts expect that Ares Management will post 4.16 earnings per share for the current year.

Insider Activity at Ares Management

In other Ares Management news, Chairman Bennett Rosenthal sold 75,000 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $143.05, for a total transaction of $10,728,750.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider David B. Kaplan sold 27,068 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $145.67, for a total value of $3,942,995.56. Following the completion of the sale, the insider now directly owns 222,932 shares in the company, valued at approximately $32,474,504.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Bennett Rosenthal sold 75,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $143.05, for a total transaction of $10,728,750.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 622,640 shares of company stock valued at $91,378,848. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Ares Management

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

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.