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

Ares Management (NYSE:ARES) had its target price decreased by equities research analysts at Citizens Jmp from $190.00 to $160.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “market outperform” rating on the asset manager’s stock. Citizens Jmp’s price target points to a potential upside of 33.44% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Morgan Stanley lowered their target price on shares of Ares Management from $178.00 to $163.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ares Management in a research note on Wednesday, April 29th. The Goldman Sachs Group decreased their price target on shares of Ares Management from $165.00 to $131.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Ares Management in a research note on Tuesday, May 26th. Finally, Oppenheimer restated 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. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Ares Management has a consensus rating of “Moderate Buy” and a consensus price target of $161.19.

Ares Management Stock Up 1.6%

Shares of NYSE:ARES opened at $119.90 on Thursday. The stock’s 50-day moving average price is $123.31 and its two-hundred day moving average price is $129.07. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.96. Ares Management has a 12-month low of $95.80 and a 12-month high of $195.26. The firm has a market cap of $39.55 billion, a price-to-earnings ratio of 55.63, a PEG ratio of 1.06 and a beta of 1.51.

Ares Management (NYSE:ARES) last posted its quarterly 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 during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the firm earned $1.09 EPS. On average, research analysts forecast that Ares Management will post 6.04 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Osbon Capital Management LLC purchased a new stake in Ares Management during the fourth quarter worth approximately $32,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Ares Management in the fourth quarter worth $42,000. Elyxium Wealth LLC purchased a new position in shares of Ares Management in the 4th quarter valued at $42,000. Summit Securities Group LLC acquired a new position in shares of Ares Management during the 4th quarter valued at $49,000. Finally, AlphaCentric Advisors LLC acquired a new position in shares of Ares Management during the 4th quarter valued at $62,000. Hedge funds and other institutional investors own 50.03% of the company’s stock.

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.