Ares Management (NYSE:ARES) Price Target Increased to $195.00 by Analysts at UBS Group

Ares Management (NYSE:ARES) had its price objective upped by UBS Group from $158.00 to $195.00 in a report released on Tuesday morning, Benzinga reports. UBS Group currently has a buy rating on the asset manager’s stock.

Several other research firms have also recently issued reports on ARES. Barclays raised their price objective on Ares Management from $155.00 to $174.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. JPMorgan Chase & Co. lifted their price target on Ares Management from $141.00 to $143.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Redburn Atlantic initiated coverage on shares of Ares Management in a research note on Tuesday, August 27th. They set a “neutral” rating and a $140.00 price objective for the company. Royal Bank of Canada raised their target price on shares of Ares Management from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, October 11th. Finally, TD Cowen upped their price target on shares of Ares Management from $162.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $159.18.

Ares Management Price Performance

NYSE:ARES opened at $167.67 on Tuesday. Ares Management has a 12-month low of $96.00 and a 12-month high of $171.76. The firm has a market cap of $51.95 billion, a price-to-earnings ratio of 75.19, a price-to-earnings-growth ratio of 1.48 and a beta of 1.22. The company’s 50-day moving average is $152.09 and its two-hundred day moving average is $143.53. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.52.

Ares Management (NYSE:ARES) last announced its quarterly earnings data on Friday, August 2nd. The asset manager reported $0.99 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the firm posted $0.90 earnings per share. Research analysts expect that Ares Management will post 4.16 EPS for the current year.

Ares Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date was Monday, September 16th. Ares Management’s dividend payout ratio is presently 166.82%.

Insider Activity at Ares Management

In related news, insider Ryan Berry sold 40,000 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $167.99, for a total value of $6,719,600.00. Following the completion of the sale, the insider now directly owns 304,202 shares in the company, valued at approximately $51,102,893.98. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Ares Management news, insider Ryan Berry sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $167.99, for a total value of $6,719,600.00. Following the completion of the transaction, the insider now owns 304,202 shares in the company, valued at $51,102,893.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Bennett Rosenthal sold 10,154 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $144.46, for a total transaction of $1,466,846.84. Following the completion of the sale, the chairman now directly owns 191,508 shares of the company’s stock, valued at $27,665,245.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 622,640 shares of company stock worth $91,378,848. 1.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ares Management

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARES. International Assets Investment Management LLC acquired a new position in shares of Ares Management in the third quarter worth about $119,000,000. Private Advisor Group LLC increased its holdings in Ares Management by 2.6% during the 3rd quarter. Private Advisor Group LLC now owns 4,279 shares of the asset manager’s stock worth $667,000 after purchasing an additional 108 shares during the last quarter. Eastern Bank acquired a new position in shares of Ares Management in the 3rd quarter valued at approximately $39,000. Xcel Wealth Management LLC acquired a new position in shares of Ares Management in the 3rd quarter valued at approximately $203,000. Finally, Signaturefd LLC boosted its stake in shares of Ares Management by 28.1% during the 3rd quarter. Signaturefd LLC now owns 2,011 shares of the asset manager’s stock valued at $313,000 after buying an additional 441 shares during the last quarter. 50.03% of the stock is owned by hedge funds and other 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.