Ares Management (NYSE:ARES) Stock Rating Upgraded by Keefe, Bruyette & Woods

Ares Management (NYSE:ARES) was upgraded by Keefe, Bruyette & Woods to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other research firms have also recently issued reports on ARES. Citizens Jmp cut their target price on shares of Ares Management from $190.00 to $160.00 and set a “market outperform” rating for the company in a research note on Thursday, July 9th. JPMorgan Chase & Co. lowered their price target on shares of Ares Management from $188.00 to $144.00 and set an “overweight” rating on the stock in a report on Tuesday, April 28th. Weiss Ratings restated a “hold (c)” rating on shares of Ares Management in a report on Tuesday, May 26th. Citigroup reiterated an “outperform” rating on shares of Ares Management in a research note on Thursday, July 9th. Finally, TD Cowen lifted their price target on Ares Management from $144.00 to $153.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $158.93.

Ares Management Stock Performance

Shares of NYSE ARES opened at $120.83 on Monday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $39.86 billion, a P/E ratio of 56.20, a P/E/G ratio of 1.08 and a beta of 1.51. Ares Management has a 12 month low of $95.80 and a 12 month high of $195.26. The stock has a 50 day moving average of $123.64 and a 200-day moving average of $126.24.

Ares Management (NYSE:ARES) last announced its quarterly earnings results on Friday, May 1st. The asset manager reported $1.24 earnings per share (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 analyst estimates of $1.28 billion. During the same period in the prior year, the business earned $1.09 EPS. As a group, equities research analysts predict that Ares Management will post 5.99 EPS for the current year.

Hedge Funds Weigh In On Ares Management

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

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.