Ares Management (NYSE:ARES) Given Overweight Rating at Barclays

Ares Management (NYSE:ARES)‘s stock had its “overweight” rating reissued by analysts at Barclays in a research report issued on Monday,Benzinga reports. They currently have a $224.00 price target on the asset manager’s stock. Barclays‘s price objective indicates a potential upside of 13.48% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the stock. TD Cowen upped their price target on shares of Ares Management from $184.00 to $187.00 and gave the company a “buy” rating in a report on Monday, November 4th. StockNews.com downgraded Ares Management from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Royal Bank of Canada raised their price objective on shares of Ares Management from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. decreased their price target on shares of Ares Management from $176.00 to $174.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group boosted their price objective on shares of Ares Management from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, September 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $176.08.

Ares Management Trading Up 0.8 %

NYSE:ARES opened at $197.39 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $61.79 billion, a P/E ratio of 90.96, a P/E/G ratio of 1.46 and a beta of 1.18. The stock’s 50 day moving average price is $179.76 and its 200 day moving average price is $162.36. Ares Management has a 52 week low of $117.47 and a 52 week high of $197.53.

Ares Management (NYSE:ARES) last released its quarterly earnings results on Friday, November 1st. The asset manager reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.01. Ares Management had a return on equity of 19.89% and a net margin of 12.51%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $833.58 million. During the same quarter in the prior year, the company posted $0.83 EPS. On average, research analysts forecast that Ares Management will post 4.05 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Michael J. Arougheti sold 20,096 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $167.44, for a total value of $3,364,874.24. Following the sale, the chief executive officer now owns 229,904 shares of the company’s stock, valued at approximately $38,495,125.76. This represents a 8.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ryan Berry sold 14,357 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $180.16, for a total transaction of $2,586,557.12. Following the sale, the insider now owns 233,214 shares of the company’s stock, valued at $42,015,834.24. This trade represents a 5.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 574,167 shares of company stock worth $99,996,647 in the last 90 days. 1.20% of the stock is owned by company insiders.

Institutional Trading of Ares Management

Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of Ares Management by 9.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,244,179 shares of the asset manager’s stock worth $1,284,773,000 after acquiring an additional 679,462 shares in the last quarter. FMR LLC increased its holdings in Ares Management by 1.0% during the 3rd quarter. FMR LLC now owns 6,301,709 shares of the asset manager’s stock valued at $982,058,000 after purchasing an additional 63,851 shares in the last quarter. State Street Corp raised its position in Ares Management by 5.1% in the 3rd quarter. State Street Corp now owns 3,826,479 shares of the asset manager’s stock valued at $596,318,000 after purchasing an additional 187,184 shares during the last quarter. Franklin Resources Inc. boosted its stake in Ares Management by 0.5% in the third quarter. Franklin Resources Inc. now owns 3,678,177 shares of the asset manager’s stock worth $600,830,000 after purchasing an additional 18,773 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Ares Management by 6.3% in the third quarter. Geode Capital Management LLC now owns 2,950,451 shares of the asset manager’s stock worth $459,580,000 after purchasing an additional 175,627 shares in the last quarter. 50.03% of the stock is owned by institutional investors.

Ares Management Company Profile

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.