Ares Management (NYSE:ARES) Given New $134.00 Price Target at UBS Group

Ares Management (NYSE:ARES) had its price target dropped by equities research analysts at UBS Group from $142.00 to $134.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the asset manager’s stock. UBS Group’s target price would suggest a potential upside of 15.82% from the stock’s current price.

Several other research firms also recently issued reports on ARES. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $144.00 price objective on shares of Ares Management in a report on Monday, August 3rd. Keefe, Bruyette & Woods raised Ares Management to a “hold” rating in a research note on Monday, July 20th. BMO Capital Markets boosted their target price on Ares Management from $128.00 to $134.00 and gave the stock a “market perform” rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. upped their price target on Ares Management from $143.00 to $153.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Finally, Oppenheimer raised their price target on Ares Management from $151.00 to $162.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $155.38.

Ares Management Price Performance

Shares of ARES stock traded down $2.45 during trading hours on Tuesday, reaching $115.70. 2,665,691 shares of the company were exchanged, compared to its average volume of 2,932,796. Ares Management has a fifty-two week low of $95.80 and a fifty-two week high of $181.19. The stock’s fifty day moving average is $132.17 and its two-hundred day moving average is $124.30. The company has a market cap of $38.21 billion, a price-to-earnings ratio of 53.07, a P/E/G ratio of 1.04 and a beta of 1.53. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.26 and a quick ratio of 0.26.

Ares Management (NYSE:ARES) last released its quarterly earnings results on Friday, July 31st. The asset manager reported $1.29 EPS for the quarter, beating the consensus estimate of $1.28 by $0.01. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Ares Management had a net margin of 10.63% and a return on equity of 25.42%. Ares Management’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 earnings per share. Sell-side analysts forecast that Ares Management will post 5.90 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Triumph Capital Management increased its holdings in Ares Management by 127.3% in the second quarter. Triumph Capital Management now owns 250 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 140 shares during the last quarter. CoreCap Advisors LLC lifted its stake in Ares Management by 178.0% in the third quarter. CoreCap Advisors LLC now owns 253 shares of the asset manager’s stock valued at $29,000 after buying an additional 162 shares during the period. Osbon Capital Management LLC bought a new position in Ares Management during the fourth quarter worth about $32,000. Wellington Altus USA Inc. bought a new position in Ares Management during the second quarter worth about $35,000. Finally, Anchor Investment Management LLC acquired a new position in shares of Ares Management during the 2nd quarter worth about $38,000. 50.03% of the stock is currently owned by institutional investors.

Ares Management Company Profile

Ares Management Corporation (NYSE: ARES) is a global alternative investment manager that provides investment solutions across credit, private equity, real assets and secondaries. The company serves institutional investors, including pension plans, insurance companies, endowments and foundations, as well as wealth-management clients and other investors.

Its investment businesses include direct lending and other private credit strategies, liquid credit, corporate private equity, real estate, infrastructure and secondary investments.