Ares Management (NYSE:ARES) Price Target Cut to $112.00 by Analysts at BMO Capital Markets

Ares Management (NYSE:ARES) had its price objective decreased by equities research analysts at BMO Capital Markets from $140.00 to $112.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “market perform” rating on the asset manager’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 4.59% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. Morgan Stanley set a $178.00 price objective on shares of Ares Management in a research note on Tuesday, January 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ares Management in a research note on Monday, December 29th. The Goldman Sachs Group dropped their target price on shares of Ares Management from $189.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Oppenheimer cut their target price on shares of Ares Management from $224.00 to $215.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Finally, Raymond James Financial upgraded shares of Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 price target for the company in a report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.73.

Ares Management Stock Performance

Shares of NYSE ARES opened at $107.09 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $35.28 billion, a price-to-earnings ratio of 63.37, a P/E/G ratio of 0.78 and a beta of 1.56. The business’s 50-day simple moving average is $130.84 and its 200-day simple moving average is $150.48. Ares Management has a 52 week low of $95.80 and a 52 week high of $195.26.

Ares Management (NYSE:ARES) last posted its earnings results on Thursday, February 5th. The asset manager reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.26). The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.38 billion. Ares Management had a return on equity of 19.04% and a net margin of 9.41%.During the same quarter last year, the firm posted $0.55 earnings per share. As a group, equities research analysts expect that Ares Management will post 5.28 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Ashish Bhutani acquired 10,000 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was acquired at an average price of $126.61 per share, with a total value of $1,266,100.00. Following the completion of the transaction, the director owned 34,071 shares of the company’s stock, valued at approximately $4,313,729.31. This represents a 41.54% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Judy D. Olian bought 480 shares of Ares Management 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 purchase, the director owned 29,734 shares of the company’s stock, valued at $3,699,801.62. This trade represents a 1.64% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.52% of the company’s stock.

Institutional Trading of Ares Management

A number of hedge funds have recently modified their holdings of the company. AQR Capital Management LLC grew its holdings in shares of Ares Management by 116.7% during the 1st quarter. AQR Capital Management LLC now owns 10,360 shares of the asset manager’s stock worth $1,519,000 after purchasing an additional 5,579 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Ares Management by 5.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,344 shares of the asset manager’s stock valued at $197,000 after purchasing an additional 70 shares in the last quarter. Empowered Funds LLC lifted its position in Ares Management by 42.7% in the first quarter. Empowered Funds LLC now owns 6,197 shares of the asset manager’s stock worth $909,000 after purchasing an additional 1,853 shares during the period. Focus Partners Wealth lifted its position in Ares Management by 15.3% in the first quarter. Focus Partners Wealth now owns 1,902 shares of the asset manager’s stock worth $279,000 after purchasing an additional 252 shares during the period. Finally, Geneos Wealth Management Inc. boosted its stake in Ares Management by 708.2% during the first quarter. Geneos Wealth Management Inc. now owns 493 shares of the asset manager’s stock worth $72,000 after buying an additional 432 shares in the last quarter. 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.