Ares Management (NYSE:ARES) Rating Increased to Hold at Wall Street Zen

Ares Management (NYSE:ARES) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

ARES has been the topic of several other reports. BMO Capital Markets cut their target price on Ares Management from $140.00 to $112.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 24th. Deutsche Bank Aktiengesellschaft raised Ares Management from a “hold” rating to a “buy” rating and cut their target price for the stock from $182.00 to $155.00 in a research report on Friday, February 6th. UBS Group set a $148.00 price objective on Ares Management in a research report on Friday, February 20th. Zacks Research raised Ares Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Finally, TD Cowen cut their price objective on Ares Management from $148.00 to $144.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Ares Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.56.

Ares Management Trading Down 3.5%

Shares of ARES opened at $125.92 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $41.53 billion, a P/E ratio of 58.57, a price-to-earnings-growth ratio of 1.14 and a beta of 1.51. The stock’s fifty day simple moving average is $117.49 and its 200 day simple moving average is $135.38. Ares Management has a twelve month low of $95.80 and a twelve month high of $195.26.

Ares Management (NYSE:ARES) last issued its earnings results on Friday, May 1st. The asset manager reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.08). The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Ares Management had a return on equity of 22.14% and a net margin of 10.54%.During the same period last year, the business posted $1.09 earnings per share. On average, equities research analysts forecast that Ares Management will post 6.06 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Osbon Capital Management LLC purchased a new position in Ares Management in the fourth quarter valued at about $32,000. Redmont Wealth Advisors LLC purchased a new position in Ares Management in the third quarter valued at about $40,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Ares Management during the fourth quarter valued at about $42,000. Elyxium Wealth LLC acquired a new stake in shares of Ares Management during the fourth quarter valued at about $42,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Ares Management during the fourth quarter valued at about $49,000. 50.03% of the stock is owned by hedge funds and other institutional investors.

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.