BMO Capital Markets Raises Ares Management (NYSE:ARES) Price Target to $128.00

Ares Management (NYSE:ARES) had its target price increased by investment analysts at BMO Capital Markets from $125.00 to $128.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “market perform” rating on the asset manager’s stock. BMO Capital Markets’ price objective indicates a potential upside of 4.86% from the company’s current price.

Several other equities analysts have also commented on the company. TD Cowen increased their target price on Ares Management from $144.00 to $153.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Morgan Stanley dropped their price target on shares of Ares Management from $178.00 to $163.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. Oppenheimer reissued an “outperform” rating and set a $146.00 price objective (down from $147.00) on shares of Ares Management in a report on Monday, May 4th. JPMorgan Chase & Co. reduced their price objective on shares of Ares Management from $188.00 to $144.00 and set an “overweight” rating for the company in a research report on Tuesday, April 28th. Finally, Citizens Jmp lowered 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 report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $159.53.

Ares Management Trading Up 0.2%

Shares of ARES stock opened at $122.07 on Monday. The stock has a market capitalization of $40.26 billion, a P/E ratio of 56.78, a price-to-earnings-growth ratio of 1.08 and a beta of 1.51. Ares Management has a fifty-two week low of $95.80 and a fifty-two week high of $195.26. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.23 and a current ratio of 0.23. The company has a 50 day moving average price of $123.71 and a 200 day moving average price of $128.42.

Ares Management (NYSE:ARES) last announced its quarterly earnings data 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 company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the business posted $1.09 earnings per share. Equities research analysts predict that Ares Management will post 6.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Hudson Bay Capital Management LP increased its stake in Ares Management by 1,903.9% in the 3rd quarter. Hudson Bay Capital Management LP now owns 60,717 shares of the asset manager’s stock valued at $9,708,000 after buying an additional 57,687 shares during the period. Quilter Plc lifted its stake in shares of Ares Management by 5.6% in the 4th quarter. Quilter Plc now owns 704,069 shares of the asset manager’s stock worth $113,799,000 after acquiring an additional 37,366 shares during the period. New York Life Investment Management LLC lifted its stake in shares of Ares Management by 1,033.1% in the 4th quarter. New York Life Investment Management LLC now owns 28,272 shares of the asset manager’s stock worth $4,570,000 after acquiring an additional 25,777 shares during the period. Osprey Private Wealth LLC boosted its holdings in shares of Ares Management by 25.6% in the fourth quarter. Osprey Private Wealth LLC now owns 64,530 shares of the asset manager’s stock valued at $10,430,000 after acquiring an additional 13,165 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Ares Management by 20.2% in the fourth quarter. Vanguard Group Inc. now owns 26,050,425 shares of the asset manager’s stock valued at $4,210,530,000 after acquiring an additional 4,373,955 shares in the last quarter. 50.03% of the stock is currently 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.