Ares Management (NYSE:ARES) Raised to Hold at Keefe, Bruyette & Woods

Ares Management (NYSE:ARES) was upgraded by research analysts at Keefe, Bruyette & Woods to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. Oppenheimer cut their price target on Ares Management from $146.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. Morgan Stanley set a $160.00 target price on Ares Management in a research note on Tuesday. Citigroup reiterated an “outperform” rating on shares of Ares Management in a research report on Thursday, July 9th. Citizens Jmp decreased their price target on Ares Management from $190.00 to $160.00 and set a “market outperform” rating for the company in a report on Thursday, July 9th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Ares Management from $188.00 to $144.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $158.93.

Ares Management Stock Performance

Shares of NYSE ARES opened at $120.83 on Monday. 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 company has a 50 day simple moving average of $123.64 and a two-hundred day simple moving average of $126.24. The stock has a market cap of $39.86 billion, a price-to-earnings ratio of 56.20, a PEG ratio of 1.08 and a beta of 1.51.

Ares Management (NYSE:ARES) last released its quarterly earnings data on Friday, May 1st. The asset manager reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). Ares Management had a return on equity of 22.14% and a net margin of 10.54%.The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the company earned $1.09 EPS. As a group, analysts predict that Ares Management will post 5.99 earnings per share for the current year.

Institutional Investors Weigh In On Ares Management

Institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Ares Management by 5.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,344 shares of the asset manager’s stock valued at $197,000 after purchasing an additional 70 shares during the period. Wedbush Securities Inc. grew its stake in shares of Ares Management by 4.2% in the fourth quarter. Wedbush Securities Inc. now owns 2,030 shares of the asset manager’s stock valued at $328,000 after buying an additional 81 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in shares of Ares Management by 3.2% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 2,666 shares of the asset manager’s stock valued at $431,000 after buying an additional 83 shares in the last quarter. First Manhattan CO. LLC. raised its holdings in shares of Ares Management by 0.5% in the 4th quarter. First Manhattan CO. LLC. now owns 17,634 shares of the asset manager’s stock valued at $2,850,000 after buying an additional 89 shares during the period. Finally, Root Financial Partners LLC lifted its stake in Ares Management by 17.8% during the 4th quarter. Root Financial Partners LLC now owns 642 shares of the asset manager’s stock worth $104,000 after acquiring an additional 97 shares in the last quarter. Institutional investors and hedge funds own 50.03% of the company’s stock.

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.