Barclays Increases Ares Management (NYSE:ARES) Price Target to $174.00

Ares Management (NYSE:ARES - Get Free Report) had its target price boosted by analysts at Barclays from $155.00 to $174.00 in a report issued on Monday, Benzinga reports. The firm currently has an "overweight" rating on the asset manager's stock. Barclays's price objective indicates a potential upside of 8.40% from the stock's previous close.

A number of other equities analysts have also commented on ARES. Wells Fargo & Company initiated coverage on shares of Ares Management in a report on Thursday, September 12th. They set an "equal weight" rating and a $156.00 price target on the stock. Deutsche Bank Aktiengesellschaft cut their target price on Ares Management from $134.00 to $133.00 and set a "hold" rating on the stock in a report on Thursday, August 15th. Redburn Atlantic initiated coverage on Ares Management in a research report on Tuesday, August 27th. They set a "neutral" rating and a $140.00 price objective for the company. UBS Group cut their price objective on Ares Management from $160.00 to $158.00 and set a "buy" rating on the stock in a research note on Wednesday, July 10th. Finally, The Goldman Sachs Group increased their target price on shares of Ares Management from $145.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, September 30th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Ares Management has a consensus rating of "Moderate Buy" and a consensus price target of $147.36.

Ares Management Price Performance

ARES stock traded up $0.13 during midday trading on Monday, reaching $160.52. 1,141,761 shares of the stock were exchanged, compared to its average volume of 1,106,922. Ares Management has a 52 week low of $96.00 and a 52 week high of $161.56. The company has a fifty day moving average price of $147.04 and a 200 day moving average price of $141.01. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $49.73 billion, a PE ratio of 71.98, a P/E/G ratio of 1.47 and a beta of 1.22.

Ares Management (NYSE:ARES - Get Free Report) last released its quarterly earnings data on Friday, August 2nd. The asset manager reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.01. Ares Management had a return on equity of 20.46% and a net margin of 12.53%. The company had revenue of $788.68 million during the quarter, compared to the consensus estimate of $860.09 million. During the same quarter in the prior year, the firm posted $0.90 earnings per share. As a group, analysts expect that Ares Management will post 4.15 EPS for the current fiscal year.

Insider Buying and Selling at Ares Management

In other Ares Management news, insider Ryan Berry sold 57,500 shares of the firm's stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $140.74, for a total value of $8,092,550.00. Following the completion of the sale, the insider now owns 456,702 shares of the company's stock, valued at approximately $64,276,239.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Ryan Berry sold 57,500 shares of the business's stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $140.74, for a total transaction of $8,092,550.00. Following the completion of the sale, the insider now directly owns 456,702 shares of the company's stock, valued at $64,276,239.48. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael J. Arougheti sold 27,120 shares of the company's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $145.67, for a total transaction of $3,950,570.40. Following the completion of the sale, the chief executive officer now owns 222,880 shares in the company, valued at $32,466,929.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 604,316 shares of company stock valued at $87,718,000. Corporate insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Diversified Trust Co purchased a new position in Ares Management during the third quarter worth about $2,460,000. Harbor Investment Advisory LLC lifted its position in shares of Ares Management by 230.8% during the 3rd quarter. Harbor Investment Advisory LLC now owns 2,147 shares of the asset manager's stock worth $335,000 after buying an additional 1,498 shares in the last quarter. Park Avenue Securities LLC boosted its stake in shares of Ares Management by 26.5% in the 3rd quarter. Park Avenue Securities LLC now owns 15,905 shares of the asset manager's stock worth $2,479,000 after buying an additional 3,336 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Ares Management in the third quarter valued at approximately $1,138,000. Finally, Mattson Financial Services LLC purchased a new stake in shares of Ares Management during the second quarter valued at approximately $1,162,000. Hedge funds and other institutional investors 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.