Ares Management (NYSE:ARES) Price Target Cut to $174.00 by Analysts at JPMorgan Chase & Co.

Ares Management (NYSE:ARES - Get Free Report) had its target price lowered by equities researchers at JPMorgan Chase & Co. from $176.00 to $174.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an "overweight" rating on the asset manager's stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 5.81% from the company's current price.

Other research analysts have also issued reports about the stock. Wells Fargo & Company boosted their target price on shares of Ares Management from $172.00 to $176.00 and gave the company an "equal weight" rating in a research note on Monday. TD Cowen boosted their price target on Ares Management from $184.00 to $187.00 and gave the stock a "buy" rating in a research report on Monday. The Goldman Sachs Group raised their price target on Ares Management from $145.00 to $160.00 and gave the company a "buy" rating in a report on Monday, September 30th. UBS Group increased their target price on shares of Ares Management from $158.00 to $195.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Finally, Redburn Atlantic began coverage on shares of Ares Management in a research report on Tuesday, August 27th. They set a "neutral" rating and a $140.00 price target on the stock. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Ares Management presently has an average rating of "Moderate Buy" and a consensus price target of $166.00.

Ares Management Trading Up 3.0 %

Shares of NYSE ARES traded up $4.76 during trading on Tuesday, hitting $164.44. 877,930 shares of the company traded hands, compared to its average volume of 1,151,516. The firm has a market capitalization of $51.47 billion, a P/E ratio of 75.22, a P/E/G ratio of 1.56 and a beta of 1.20. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.52. The company has a 50-day moving average price of $156.13 and a 200-day moving average price of $145.76. Ares Management has a 1 year low of $101.44 and a 1 year high of $171.78.

Ares Management (NYSE:ARES - Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The asset manager reported $0.95 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 analyst estimates of $833.58 million. Ares Management had a return on equity of 20.51% and a net margin of 12.51%. During the same period in the prior year, the firm posted $0.83 earnings per share. On average, equities analysts predict that Ares Management will post 4.11 EPS for the current year.

Insider Buying and Selling at Ares Management

In related news, insider Ryan Berry sold 40,000 shares of the 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 completion of the transaction, the insider now owns 304,202 shares in the company, valued at $51,102,893.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Ares Management news, insider Ryan Berry sold 40,000 shares of Ares Management stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $167.99, for a total value of $6,719,600.00. Following the completion of the sale, the insider now directly owns 304,202 shares in the company, valued at $51,102,893.98. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Bennett Rosenthal sold 10,154 shares of the company's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $144.46, for a total value of $1,466,846.84. Following the transaction, the chairman now owns 191,508 shares of the company's stock, valued at approximately $27,665,245.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 622,640 shares of company stock valued at $91,378,848. Corporate insiders own 41.89% of the company's stock.

Institutional Trading of Ares Management

Several institutional investors have recently modified their holdings of ARES. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Ares Management by 2.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 406,363 shares of the asset manager's stock valued at $63,328,000 after acquiring an additional 10,942 shares in the last quarter. GSA Capital Partners LLP bought a new position in Ares Management during the third quarter worth about $900,000. Apollon Wealth Management LLC boosted its holdings in Ares Management by 1.5% during the third quarter. Apollon Wealth Management LLC now owns 20,348 shares of the asset manager's stock valued at $3,171,000 after purchasing an additional 294 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Ares Management in the 3rd quarter valued at approximately $232,000. Finally, Atria Investments Inc lifted its position in shares of Ares Management by 39.9% during the 3rd quarter. Atria Investments Inc now owns 7,563 shares of the asset manager's stock worth $1,179,000 after buying an additional 2,158 shares during the period. 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.