Analysts’ Weekly Ratings Changes for Ares Management (ARES)

Posted by Clark Linder on Nov 21st, 2024

A number of firms have modified their ratings and price targets on shares of Ares Management (NYSE: ARES) recently:

11/11/2024 – Ares Management had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $146.00 to $150.00. They now have a “hold” rating on the stock.
11/5/2024 – Ares Management had its price target lowered by analysts at JPMorgan Chase & Co. from $176.00 to $174.00. They now have an “overweight” rating on the stock.
11/4/2024 – Ares Management had its price target raised by analysts at Royal Bank of Canada from $170.00 to $185.00. They now have an “outperform” rating on the stock.
11/4/2024 – Ares Management had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $148.00 to $146.00. They now have a “hold” rating on the stock.
11/4/2024 – Ares Management had its price target raised by analysts at Wells Fargo & Company from $172.00 to $176.00. They now have an “equal weight” rating on the stock.
11/4/2024 – Ares Management had its price target raised by analysts at TD Cowen from $184.00 to $187.00. They now have a “buy” rating on the stock.
10/22/2024 – Ares Management had its price target raised by analysts at UBS Group AG from $158.00 to $195.00. They now have a “buy” rating on the stock.
10/11/2024 – Ares Management had its price target raised by analysts at Royal Bank of Canada from $150.00 to $170.00. They now have an “outperform” rating on the stock.
10/10/2024 – Ares Management had its price target raised by analysts at Morgan Stanley from $136.00 to $162.00. They now have an “equal weight” rating on the stock.
10/9/2024 – Ares Management had its price target raised by analysts at Wells Fargo & Company from $156.00 to $172.00. They now have an “equal weight” rating on the stock.
10/9/2024 – Ares Management had its price target raised by analysts at TD Cowen from $162.00 to $175.00. They now have a “buy” rating on the stock.
10/7/2024 – Ares Management had its price target raised by analysts at Barclays PLC from $155.00 to $174.00. They now have an “overweight” rating on the stock.
9/30/2024 – Ares Management had its price target raised by analysts at The Goldman Sachs Group, Inc. from $145.00 to $160.00. They now have a “buy” rating on the stock.

Ares Management Stock Up 1.8 %

Ares Management stock traded up $3.12 during midday trading on Thursday, hitting $175.01. 1,114,080 shares of the stock were exchanged, compared to its average volume of 1,157,833. Ares Management Co. has a 52-week low of $107.69 and a 52-week high of $176.31. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.53. The business’s 50-day moving average price is $162.51 and its 200-day moving average price is $148.67. The stock has a market capitalization of $54.79 billion, a price-to-earnings ratio of 80.65, a price-to-earnings-growth ratio of 1.85 and a beta of 1.20.

Ares Management (NYSE:ARES – Get Free Report) last announced its earnings results on Friday, November 1st. The asset manager reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.01. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $833.58 million. Ares Management had a return on equity of 19.89% and a net margin of 12.51%. During the same period last year, the firm posted $0.83 EPS. On average, research analysts expect that Ares Management Co. will post 4.06 EPS for the current fiscal year.

Ares Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a $0.93 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $3.72 annualized dividend and a dividend yield of 2.13%. Ares Management’s payout ratio is presently 171.43%.

Insider Activity

In related news, Chairman Bennett Rosenthal sold 15,763 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $167.24, for a total transaction of $2,636,204.12. Following the sale, the chairman now owns 214,189 shares of the company’s stock, valued at approximately $35,820,968.36. This represents a 6.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David B. Kaplan sold 36,059 shares of Ares Management stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $146.35, for a total value of $5,277,234.65. Following the transaction, the insider now directly owns 100,549 shares of the company’s stock, valued at $14,715,346.15. The trade was a 26.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 590,579 shares of company stock valued at $89,737,173 in the last 90 days. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Point72 DIFC Ltd purchased a new stake in shares of Ares Management during the 3rd quarter valued at $36,000. Eastern Bank purchased a new position in shares of Ares Management in the 3rd quarter worth about $39,000. West Oak Capital LLC increased its position in shares of Ares Management by 40.0% during the 2nd quarter. West Oak Capital LLC now owns 350 shares of the asset manager’s stock valued at $47,000 after purchasing an additional 100 shares during the last quarter. Key Financial Inc purchased a new position in shares of Ares Management during the 2nd quarter valued at about $53,000. Finally, EntryPoint Capital LLC bought a new stake in Ares Management in the 1st quarter worth approximately $54,000. 50.03% of the stock is currently owned by hedge funds and other institutional investors.

Ares Management Corporation operates as an alternative asset manager in the United States, Europe, and Asia. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets.