Citizens Jmp Has Lowered Expectations for Ares Management (NYSE:ARES) Stock Price

Ares Management (NYSE:ARES) had its price target cut by equities research analysts at Citizens Jmp from $190.00 to $160.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “market outperform” rating on the asset manager’s stock. Citizens Jmp’s target price would indicate a potential upside of 31.07% from the stock’s previous close.

A number of other research analysts also recently commented on the company. JPMorgan Chase & Co. lowered their price objective on Ares Management from $188.00 to $144.00 and set an “overweight” rating for the company in a research note on Tuesday, April 28th. Wall Street Zen lowered shares of Ares Management from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th. Weiss Ratings restated a “hold (c)” rating on shares of Ares Management in a research report on Tuesday, May 26th. BMO Capital Markets cut their target price on Ares Management from $140.00 to $112.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 24th. Finally, Citigroup reiterated an “outperform” rating on shares of Ares Management in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Ares Management has a consensus rating of “Moderate Buy” and a consensus target price of $158.47.

Ares Management Stock Up 0.3%

Shares of NYSE ARES opened at $122.07 on Thursday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.23 and a current ratio of 0.23. Ares Management has a 1 year low of $95.80 and a 1 year high of $195.26. The stock’s 50-day simple moving average is $123.71 and its 200-day simple moving average is $128.71. The firm has a market cap of $40.26 billion, a price-to-earnings ratio of 56.78, a PEG ratio of 1.07 and a beta of 1.51.

Ares Management (NYSE:ARES) last released its earnings results on Friday, May 1st. The asset manager reported $1.24 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.08). Ares Management had a net margin of 10.54% and a return on equity of 22.14%. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the company posted $1.09 earnings per share. As a group, equities analysts anticipate that Ares Management will post 6.03 earnings per share for the current fiscal year.

Institutional Trading of Ares Management

Large investors have recently added to or reduced their stakes in the business. Everhart Financial Group Inc. increased its holdings in shares of Ares Management by 10.4% in the second quarter. Everhart Financial Group Inc. now owns 6,033 shares of the asset manager’s stock valued at $672,000 after buying an additional 568 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in shares of Ares Management by 6.6% during the 2nd quarter. Valeo Financial Advisors LLC now owns 13,800 shares of the asset manager’s stock worth $1,536,000 after acquiring an additional 857 shares in the last quarter. Czech National Bank grew its holdings in shares of Ares Management by 7.0% in the 2nd quarter. Czech National Bank now owns 60,038 shares of the asset manager’s stock worth $6,683,000 after acquiring an additional 3,932 shares during the last quarter. PensionDanmark Pensionsforsikringsaktieselskab raised its position in shares of Ares Management by 10.2% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 30,330 shares of the asset manager’s stock worth $3,376,000 after purchasing an additional 2,800 shares during the period. Finally, Hamlin Capital Management LLC lifted its holdings in shares of Ares Management by 1.5% during the second quarter. Hamlin Capital Management LLC now owns 959,634 shares of the asset manager’s stock valued at $106,817,000 after purchasing an additional 14,333 shares during the last quarter. 50.03% of the stock is currently owned by institutional investors.

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.