Ares Management (NYSE:ARES) Price Target Lowered to $217.00 at Barclays

Ares Management (NYSE:ARES - Get Free Report) had its price objective decreased by stock analysts at Barclays from $224.00 to $217.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the asset manager's stock. Barclays's target price would indicate a potential upside of 14.27% from the stock's current price.

ARES has been the subject of a number of other reports. Keefe, Bruyette & Woods upgraded shares of Ares Management from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $166.00 to $202.00 in a research note on Friday, December 20th. StockNews.com downgraded Ares Management from a "hold" rating to a "sell" rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price objective on Ares Management from $176.00 to $174.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 5th. TD Cowen raised their target price on shares of Ares Management from $184.00 to $187.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Finally, Morgan Stanley increased their price target on shares of Ares Management from $136.00 to $162.00 and gave the company an "equal weight" rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $176.17.

Ares Management Stock Down 0.2 %

Shares of ARES traded down $0.44 on Thursday, hitting $189.90. The company's stock had a trading volume of 590,692 shares, compared to its average volume of 1,081,454. 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 $59.45 billion, a price-to-earnings ratio of 93.55, a P/E/G ratio of 1.46 and a beta of 1.18. The firm's fifty day moving average price is $183.68 and its 200-day moving average price is $165.88. 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 issued its quarterly earnings data 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 return on equity of 16.64% and a net margin of 11.35%. On average, equities research analysts expect that Ares Management will post 5.53 EPS for the current year.

Insiders Place Their Bets

In other Ares Management news, insider David B. Kaplan sold 19,775 shares of Ares Management stock in a transaction on Friday, November 15th. The stock was sold at an average price of $167.45, for a total value of $3,311,323.75. Following the completion of the transaction, the insider now directly owns 230,225 shares of the company's stock, valued at $38,551,176.25. The trade was a 7.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael J. Arougheti sold 15,825 shares of the firm's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $167.24, for a total value of $2,646,573.00. Following the completion of the transaction, the chief executive officer now owns 214,079 shares in the company, valued at $35,802,571.96. The trade was a 6.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 554,167 shares of company stock worth $96,493,348 in the last 90 days. Company insiders own 1.20% of the company's stock.

Institutional Trading of Ares Management

Several large investors have recently made changes to their positions in the company. Harbour Investments Inc. grew its position in Ares Management by 25.6% in the fourth quarter. Harbour Investments Inc. now owns 398 shares of the asset manager's stock valued at $70,000 after acquiring an additional 81 shares during the last quarter. Avalon Trust Co bought a new stake in shares of Ares Management during the 4th quarter valued at approximately $53,000. Natixis Advisors LLC increased its position in Ares Management by 5.4% during the 4th quarter. Natixis Advisors LLC now owns 41,757 shares of the asset manager's stock worth $7,393,000 after purchasing an additional 2,156 shares in the last quarter. Frank Rimerman Advisors LLC lifted its stake in Ares Management by 1.4% in the 4th quarter. Frank Rimerman Advisors LLC now owns 4,775 shares of the asset manager's stock valued at $845,000 after purchasing an additional 65 shares during the last quarter. Finally, Renasant Bank grew its stake in shares of Ares Management by 37.3% during the fourth quarter. Renasant Bank now owns 4,313 shares of the asset manager's stock worth $764,000 after buying an additional 1,171 shares during the last quarter. Institutional investors and hedge funds own 50.03% of the company's stock.

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.