Ares Management (NYSE:ARES) Price Target Lowered to $146.00 at Deutsche Bank Aktiengesellschaft

Ares Management (NYSE:ARES - Free Report) had its target price cut by Deutsche Bank Aktiengesellschaft from $148.00 to $146.00 in a report released on Monday, Benzinga reports. They currently have a hold rating on the asset manager's stock.

A number of other equities analysts also recently commented on ARES. Redburn Atlantic started coverage on Ares Management in a research note on Tuesday, August 27th. They issued a "neutral" rating and a $140.00 target price for the company. Morgan Stanley lifted their target price on Ares Management from $136.00 to $162.00 and gave the company an "equal weight" rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. lifted their target price on Ares Management from $141.00 to $143.00 and gave the company an "overweight" rating in a research note on Tuesday, July 30th. Wells Fargo & Company lifted their target price on Ares Management from $172.00 to $176.00 and gave the company an "equal weight" rating in a research note on Monday. Finally, The Goldman Sachs Group boosted their price objective on Ares Management from $145.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Ares Management currently has a consensus rating of "Moderate Buy" and an average target price of $163.18.

Ares Management Stock Down 1.4 %

Ares Management stock traded down $2.19 during midday trading on Monday, hitting $159.68. The stock had a trading volume of 1,416,492 shares, compared to its average volume of 1,152,800. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.52. The stock has a market cap of $49.98 billion, a P/E ratio of 82.89, a P/E/G ratio of 1.61 and a beta of 1.20. Ares Management has a 12 month low of $101.44 and a 12 month high of $171.78. The business has a fifty day moving average price of $155.87 and a 200 day moving average price of $145.55.

Ares Management (NYSE:ARES - Get Free Report) last announced its quarterly earnings data on Friday, August 2nd. The asset manager reported $0.99 earnings per share 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 firm had revenue of $788.68 million during the quarter, compared to analyst estimates of $860.09 million. During the same period in the previous year, the company earned $0.90 earnings per share. Research analysts predict that Ares Management will post 4.11 EPS for the current year.

Ares Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a $0.93 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $3.72 dividend on an annualized basis and a yield of 2.33%. Ares Management's dividend payout ratio (DPR) is 193.75%.

Insiders Place Their Bets

In other Ares Management news, insider Ryan Berry sold 40,000 shares of the company's stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $167.99, for a total value of $6,719,600.00. Following the transaction, the insider now owns 304,202 shares of the company's stock, valued at approximately $51,102,893.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Ares Management news, insider David B. Kaplan sold 27,068 shares of the company's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $145.67, for a total value of $3,942,995.56. Following the transaction, the insider now owns 222,932 shares of the company's stock, valued at approximately $32,474,504.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ryan Berry sold 40,000 shares of the business's stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $167.99, for a total transaction of $6,719,600.00. Following the sale, the insider now directly owns 304,202 shares in the company, valued at approximately $51,102,893.98. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 622,640 shares of company stock worth $91,378,848 over the last ninety days. Company insiders own 1.20% of the company's stock.

Institutional Trading of Ares Management

Several large investors have recently added to or reduced their stakes in ARES. Norden Group LLC increased its stake in shares of Ares Management by 47.0% in the first quarter. Norden Group LLC now owns 3,702 shares of the asset manager's stock worth $492,000 after acquiring an additional 1,183 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of Ares Management by 6.9% in the first quarter. Private Advisor Group LLC now owns 2,618 shares of the asset manager's stock worth $348,000 after acquiring an additional 170 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Ares Management by 41.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,821 shares of the asset manager's stock worth $6,033,000 after acquiring an additional 13,482 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Ares Management by 26.2% in the first quarter. BNP Paribas Financial Markets now owns 79,639 shares of the asset manager's stock worth $10,590,000 after acquiring an additional 16,554 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in Ares Management by 13.8% in the first quarter. Nordea Investment Management AB now owns 12,492 shares of the asset manager's stock worth $1,666,000 after purchasing an additional 1,519 shares in the last quarter. 50.03% of the stock is owned by institutional investors and hedge funds.

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.