Ares Management’s (ARES) “Hold” Rating Reiterated at UBS Group

Ares Management (NYSE:ARES)‘s stock had its “hold” rating reaffirmed by equities researchers at UBS Group in a research note issued to investors on Thursday, Marketbeat.com reports. They currently have a $201.00 price objective on the asset manager’s stock. UBS Group’s price target would indicate a potential upside of 15.52% from the company’s current price.

A number of other brokerages also recently commented on ARES. Oppenheimer set a $190.00 price objective on shares of Ares Management and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Cowen reissued a “buy” rating on shares of Ares Management in a report on Tuesday, November 4th. TD Cowen raised their price target on Ares Management from $175.00 to $197.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Bank of America upped their price objective on Ares Management from $196.00 to $197.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Finally, Barclays raised their target price on Ares Management from $187.00 to $218.00 and gave the stock an “overweight” rating in a research report on Friday. Thirteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $190.64.

Ares Management Price Performance

ARES stock opened at $173.99 on Thursday. The business’s 50-day moving average is $153.00 and its two-hundred day moving average is $168.24. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.22 and a quick ratio of 0.22. The firm has a market capitalization of $56.87 billion, a P/E ratio of 74.67, a P/E/G ratio of 1.35 and a beta of 1.53. Ares Management has a 1 year low of $110.63 and a 1 year high of $200.49.

Ares Management (NYSE:ARES) last announced its quarterly earnings data on Friday, October 31st. The asset manager reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.05. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.03 billion. Ares Management had a return on equity of 16.33% and a net margin of 11.72%.During the same period in the previous year, the company posted $0.55 earnings per share. Analysts anticipate that Ares Management will post 5.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Michael J. Arougheti sold 56,257 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $157.26, for a total value of $8,846,975.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 590,000 shares of company stock valued at $90,653,808 in the last three months. 0.52% of the stock is currently owned by insiders.

Institutional Trading of Ares Management

Several institutional investors and hedge funds have recently bought and sold shares of the business. Exchange Traded Concepts LLC boosted its stake in Ares Management by 100.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 190 shares of the asset manager’s stock worth $30,000 after purchasing an additional 95 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in Ares Management in the second quarter valued at about $35,000. Banque Transatlantique SA acquired a new position in shares of Ares Management during the 1st quarter worth $39,000. Redmont Wealth Advisors LLC acquired a new stake in Ares Management in the third quarter valued at $40,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Ares Management during the 2nd quarter worth $43,000. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Ares Management Company Profile

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.