Ares Management (NYSE:ARES) Price Target Lowered to $207.00 at Wells Fargo & Company

Ares Management (NYSE:ARES - Get Free Report) had its price target lowered by Wells Fargo & Company from $212.00 to $207.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the asset manager's stock. Wells Fargo & Company's target price points to a potential upside of 15.47% from the company's previous close.

Other research analysts also recently issued reports about the company. Royal Bank of Canada increased their price objective on Ares Management from $170.00 to $185.00 and gave the stock an "outperform" rating in a report on Monday, November 4th. TD Cowen raised their price target 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. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Ares Management from $146.00 to $150.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods raised shares of Ares Management from a "market perform" rating to an "outperform" rating and raised their target price for the company from $166.00 to $202.00 in a research report on Friday, December 20th. Finally, StockNews.com cut shares of Ares Management from a "hold" rating to a "sell" rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $171.92.

Ares Management Stock Up 2.2 %

Shares of ARES traded up $3.78 on Tuesday, hitting $179.27. The company's stock had a trading volume of 791,104 shares, compared to its average volume of 1,040,875. 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 firm has a market capitalization of $56.12 billion, a price-to-earnings ratio of 82.61, a P/E/G ratio of 1.99 and a beta of 1.18. The firm's fifty day moving average price is $176.13 and its 200-day moving average price is $159.42. Ares Management has a fifty-two week low of $112.83 and a fifty-two week high of $185.06.

Ares Management (NYSE:ARES - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $833.58 million. Ares Management had a net margin of 12.51% and a return on equity of 19.89%. During the same quarter in the prior year, the firm earned $0.83 earnings per share. On average, equities research analysts expect that Ares Management will post 4.06 EPS for the current year.

Insider Transactions at Ares Management

In other Ares Management news, insider Ryan Berry sold 14,357 shares of the stock in a transaction on 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 transaction, the insider now owns 233,214 shares in the company, valued at $42,015,834.24. This trade represents a 5.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider R. Kipp Deveer sold 115,838 shares of the company's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $177.83, for a total transaction of $20,599,471.54. Following the completion of the transaction, the insider now owns 1,259,162 shares in the company, valued at $223,916,778.46. This trade represents a 8.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 614,167 shares of company stock worth $106,716,247. 1.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ARES. Versant Capital Management Inc lifted its position in shares of Ares Management by 67.0% during the 4th quarter. Versant Capital Management Inc now owns 162 shares of the asset manager's stock worth $29,000 after buying an additional 65 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of Ares Management in the third quarter worth about $36,000. Eastern Bank bought a new stake in shares of Ares Management during the 3rd quarter valued at approximately $39,000. GAMMA Investing LLC grew its holdings in shares of Ares Management by 53.4% during the 4th quarter. GAMMA Investing LLC now owns 227 shares of the asset manager's stock valued at $40,000 after purchasing an additional 79 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in Ares Management by 21.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 559 shares of the asset manager's stock valued at $87,000 after purchasing an additional 97 shares during the last quarter. Institutional investors and hedge funds own 50.03% of the company's stock.

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.