Ares Management (NYSE:ARES) Receives Market Perform Rating from JMP Securities

Ares Management (NYSE:ARES - Get Free Report)'s stock had its "market perform" rating restated by JMP Securities in a report issued on Thursday,Benzinga reports.

A number of other research analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Ares Management from $146.00 to $150.00 and gave the stock a "hold" rating in a report on Monday, November 11th. TD Cowen increased their price objective on shares of Ares Management from $184.00 to $187.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Barclays cut their price objective on Ares Management from $224.00 to $217.00 and set an "overweight" rating for the company in a report on Thursday. Morgan Stanley raised their price objective on Ares Management from $136.00 to $162.00 and gave the company an "equal weight" rating in a research report on Thursday, October 10th. Finally, 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 report on Monday, November 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $176.17.

Ares Management Trading Down 0.2 %

NYSE:ARES traded down $0.44 during mid-day trading on Thursday, hitting $189.90. The company had a trading volume of 783,561 shares, compared to its average volume of 1,084,909. The firm has a market cap of $59.45 billion, a P/E ratio of 93.55, a P/E/G ratio of 1.46 and a beta of 1.18. The business's fifty day moving average is $183.68 and its two-hundred day moving average is $165.88. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.05 and a current ratio of 1.05. Ares Management has a fifty-two week low of $125.23 and a fifty-two week high of $200.49.

Ares Management (NYSE:ARES - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The asset manager reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.12). Ares Management had a net margin of 11.35% and a return on equity of 16.64%. As a group, research analysts expect that Ares Management will post 5.53 earnings per share for the current year.

Insider Buying and Selling at Ares Management

In other news, insider Ryan Berry sold 14,357 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $180.16, for a total value of $2,586,557.12. Following the completion of the transaction, the insider now owns 233,214 shares of the company's stock, valued at approximately $42,015,834.24. This represents a 5.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael J. Arougheti sold 15,825 shares of Ares Management stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $167.24, for a total transaction of $2,646,573.00. Following the sale, the chief executive officer now directly owns 214,079 shares in the company, valued at $35,802,571.96. This trade represents a 6.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 554,167 shares of company stock valued at $96,493,348 in the last ninety days. 1.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in shares of Ares Management by 9.0% during the third quarter. JPMorgan Chase & Co. now owns 8,244,179 shares of the asset manager's stock valued at $1,284,773,000 after acquiring an additional 679,462 shares during the last quarter. FMR LLC grew its position in shares of Ares Management by 1.0% in the 3rd quarter. FMR LLC now owns 6,301,709 shares of the asset manager's stock valued at $982,058,000 after buying an additional 63,851 shares during the last quarter. State Street Corp increased its stake in shares of Ares Management by 5.1% in the third quarter. State Street Corp now owns 3,826,479 shares of the asset manager's stock valued at $596,318,000 after buying an additional 187,184 shares during the period. Franklin Resources Inc. raised its position in shares of Ares Management by 0.5% during the third quarter. Franklin Resources Inc. now owns 3,678,177 shares of the asset manager's stock worth $600,830,000 after acquiring an additional 18,773 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Ares Management by 12.4% in the fourth quarter. Principal Financial Group Inc. now owns 3,201,863 shares of the asset manager's stock worth $566,826,000 after acquiring an additional 352,126 shares during the period. 50.03% of the stock is currently owned by institutional investors.

About Ares Management

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.