Oppenheimer Lowers Ares Management (NYSE:ARES) Price Target to $140.00

Ares Management (NYSE:ARES) had its target price dropped by analysts at Oppenheimer from $146.00 to $140.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the asset manager’s stock. Oppenheimer’s price target points to a potential upside of 11.61% from the stock’s previous close.

Several other analysts have also recently commented on the stock. The Goldman Sachs Group lowered their target price on shares of Ares Management from $165.00 to $131.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Weiss Ratings restated a “hold (c)” rating on shares of Ares Management in a report on Tuesday, May 26th. BMO Capital Markets lifted their price objective on Ares Management from $125.00 to $128.00 and gave the company a “market perform” rating in a research report on Monday, July 13th. Barclays dropped their target price on Ares Management from $140.00 to $139.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Finally, TD Cowen increased their target price on Ares Management from $144.00 to $153.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $159.13.

Ares Management Trading Up 0.0%

Ares Management stock opened at $125.44 on Friday. The stock has a 50-day moving average price of $123.76 and a 200 day moving average price of $127.11. Ares Management has a 52 week low of $95.80 and a 52 week high of $195.26. The stock has a market cap of $41.38 billion, a PE ratio of 58.34, a P/E/G ratio of 1.11 and a beta of 1.51. 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 (NYSE:ARES) last released its earnings results on Friday, May 1st. The asset manager reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). Ares Management had a net margin of 10.54% and a return on equity of 22.14%. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the company posted $1.09 earnings per share. Equities research analysts predict that Ares Management will post 5.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ares Management

Institutional investors have recently added to or reduced their stakes in the company. Everhart Financial Group Inc. increased its stake in Ares Management by 10.4% during the second quarter. Everhart Financial Group Inc. now owns 6,033 shares of the asset manager’s stock worth $672,000 after acquiring an additional 568 shares during the last quarter. Valeo Financial Advisors LLC lifted its stake in shares of Ares Management by 6.6% in the 2nd quarter. Valeo Financial Advisors LLC now owns 13,800 shares of the asset manager’s stock valued at $1,536,000 after purchasing an additional 857 shares in the last quarter. Czech National Bank lifted its stake in shares of Ares Management by 7.0% in the 2nd quarter. Czech National Bank now owns 60,038 shares of the asset manager’s stock valued at $6,683,000 after purchasing an additional 3,932 shares in the last quarter. PensionDanmark Pensionsforsikringsaktieselskab grew its holdings in shares of Ares Management by 10.2% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 30,330 shares of the asset manager’s stock worth $3,376,000 after purchasing an additional 2,800 shares during the period. Finally, Hamlin Capital Management LLC grew its holdings in shares of Ares Management by 1.5% during the 2nd quarter. Hamlin Capital Management LLC now owns 959,634 shares of the asset manager’s stock worth $106,817,000 after purchasing an additional 14,333 shares during the period. Hedge funds and other institutional investors 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.