BMO Capital Markets Lowers Ares Management (NYSE:ARES) Price Target to $112.00

Ares Management (NYSE:ARES) had its price target dropped by research analysts at BMO Capital Markets from $140.00 to $112.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “market perform” rating on the asset manager’s stock. BMO Capital Markets’ price target points to a potential upside of 4.59% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. The Goldman Sachs Group dropped their target price on Ares Management from $189.00 to $165.00 and set a “buy” rating for the company in a report on Friday, February 6th. Wolfe Research set a $210.00 price target on Ares Management and gave the company an “outperform” rating in a research report on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft upgraded Ares Management from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $182.00 to $155.00 in a research note on Friday, February 6th. Barclays cut their price objective on Ares Management from $222.00 to $190.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Finally, Royal Bank Of Canada reduced their target price on shares of Ares Management from $180.00 to $173.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Ares Management currently has an average rating of “Moderate Buy” and a consensus target price of $179.73.

Ares Management Stock Performance

NYSE ARES opened at $107.09 on Tuesday. Ares Management has a twelve month low of $95.80 and a twelve month high of $195.26. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The stock has a market cap of $35.28 billion, a P/E ratio of 63.37, a PEG ratio of 0.78 and a beta of 1.56. The company’s 50-day simple moving average is $130.84 and its 200 day simple moving average is $150.48.

Ares Management (NYSE:ARES) last announced its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.45 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.26). The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.38 billion. Ares Management had a return on equity of 19.04% and a net margin of 9.41%.During the same quarter in the prior year, the business earned $0.55 EPS. As a group, research analysts forecast that Ares Management will post 5.28 earnings per share for the current fiscal year.

Insider Transactions at Ares Management

In related news, Director Judy D. Olian acquired 480 shares of the stock in a transaction on Friday, February 20th. The stock was purchased at an average price of $124.43 per share, for a total transaction of $59,726.40. Following the transaction, the director owned 29,734 shares of the company’s stock, valued at $3,699,801.62. The trade was a 1.64% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ashish Bhutani acquired 10,000 shares of the stock in a transaction on Friday, February 6th. The stock was bought at an average price of $126.61 per share, with a total value of $1,266,100.00. Following the transaction, the director directly owned 34,071 shares in the company, valued at approximately $4,313,729.31. This represents a 41.54% increase in their position. The SEC filing for this purchase provides additional information. 0.52% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ARES. Vanguard Group Inc. boosted its position in Ares Management by 20.2% in the 4th quarter. Vanguard Group Inc. now owns 26,050,425 shares of the asset manager’s stock valued at $4,210,530,000 after buying an additional 4,373,955 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Ares Management by 26.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,705,599 shares of the asset manager’s stock worth $922,196,000 after acquiring an additional 1,187,174 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Ares Management by 55.7% during the fourth quarter. Geode Capital Management LLC now owns 5,489,004 shares of the asset manager’s stock valued at $883,716,000 after acquiring an additional 1,963,460 shares during the period. Capital International Investors lifted its stake in shares of Ares Management by 0.3% during the fourth quarter. Capital International Investors now owns 4,257,710 shares of the asset manager’s stock valued at $688,176,000 after acquiring an additional 14,516 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Ares Management by 8.6% in the fourth quarter. Principal Financial Group Inc. now owns 3,839,693 shares of the asset manager’s stock valued at $620,616,000 after acquiring an additional 304,920 shares during the last quarter. 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.