Citizens Jmp Issues Pessimistic Forecast for Ares Management (NYSE:ARES) Stock Price

Ares Management (NYSE:ARES) had its price objective dropped by analysts at Citizens Jmp from $205.00 to $190.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “market outperform” rating on the asset manager’s stock. Citizens Jmp’s target price would suggest a potential upside of 65.54% from the stock’s current price.

Several other brokerages have also commented on ARES. Wolfe Research set a $210.00 price target on Ares Management and gave the company an “outperform” rating in a research note on Wednesday, January 7th. The Goldman Sachs Group cut their price target on Ares Management from $165.00 to $131.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Oppenheimer cut their price target on Ares Management from $215.00 to $147.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. Raymond James Financial upgraded Ares Management from a “market perform” rating to a “strong-buy” rating and set a $157.00 price target on the stock in a research note on Monday, February 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded Ares Management from a “hold” rating to a “buy” rating and cut their price target for the company from $182.00 to $155.00 in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $166.73.

Ares Management Stock Down 5.2%

Shares of ARES opened at $114.78 on Wednesday. The company has a market cap of $37.82 billion, a PE ratio of 67.92, a P/E/G ratio of 1.07 and a beta of 1.52. The business has a fifty day moving average of $112.05 and a 200 day moving average of $140.74. Ares Management has a 52-week low of $95.80 and a 52-week 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.

Ares Management (NYSE:ARES) last released its earnings results on Thursday, February 5th. The asset manager reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.26). Ares Management had a return on equity of 19.04% and a net margin of 9.41%.The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the business posted $0.55 earnings per share. On average, sell-side analysts expect that Ares Management will post 6.22 EPS for the current year.

Insider Transactions at Ares Management

In other news, Director Ashish Bhutani bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was purchased at an average price of $126.61 per share, with a total value of $1,266,100.00. Following the completion of the acquisition, the director directly owned 34,071 shares of the company’s stock, valued at $4,313,729.31. This trade represents a 41.54% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Judy D. Olian bought 480 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were purchased at an average cost of $124.43 per share, with a total value of $59,726.40. Following the acquisition, the director directly owned 29,734 shares of the company’s stock, valued at approximately $3,699,801.62. This trade represents a 1.64% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 36.86% of the company’s stock.

Institutional Trading of Ares Management

A number of institutional investors and hedge funds have recently made changes to their positions in ARES. Exchange Traded Concepts LLC increased its position in shares of Ares Management by 100.0% in the third quarter. Exchange Traded Concepts LLC now owns 190 shares of the asset manager’s stock valued at $30,000 after buying an additional 95 shares in the last quarter. Osbon Capital Management LLC purchased a new stake in shares of Ares Management in the fourth quarter valued at approximately $32,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Ares Management in the third quarter valued at approximately $40,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Ares Management in the fourth quarter valued at approximately $42,000. Finally, Elyxium Wealth LLC purchased a new stake in shares of Ares Management in the fourth quarter valued at approximately $42,000. 50.03% of the stock is currently 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.