Ares Management (NYSE:ARES) Stock Rating Reaffirmed by Goldman Sachs Group

Ares Management (NYSE:ARES)‘s stock had its “buy” rating reiterated by equities researchers at Goldman Sachs Group in a research note issued on Friday. They currently have a price target on the asset manager’s stock, up from their prior price target of .

Other research analysts also recently issued research reports about the stock. Barclays set a $33.00 price objective on shares of Ares Management and gave the stock a “buy” rating in a research report on Friday, November 1st. Royal Bank of Canada reiterated a “buy” rating and issued a $38.00 price objective on shares of Ares Management in a research report on Monday, January 6th. UBS Group upped their price objective on shares of Ares Management from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Wells Fargo & Co upped their price objective on shares of Ares Management from $45.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Finally, Oppenheimer downgraded shares of Ares Management from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Ares Management currently has a consensus rating of “Buy” and a consensus target price of $38.63.

NYSE:ARES traded down $1.09 during mid-day trading on Friday, hitting $40.01. The company’s stock had a trading volume of 1,099,467 shares, compared to its average volume of 494,482. Ares Management has a 1 year low of $22.17 and a 1 year high of $41.88. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.12 and a quick ratio of 0.12. The stock has a market cap of $4.50 billion, a price-to-earnings ratio of 45.99, a PEG ratio of 1.45 and a beta of 1.61. The business’s fifty day moving average is $36.93 and its two-hundred day moving average is $31.74.

Ares Management (NYSE:ARES) last posted its quarterly earnings results on Thursday, February 13th. The asset manager reported $0.67 EPS for the quarter, beating the consensus estimate of $0.50 by $0.17. The company had revenue of $484.45 million for the quarter, compared to analyst estimates of $424.84 million. Ares Management had a net margin of 7.76% and a return on equity of 18.98%. Analysts anticipate that Ares Management will post 1.51 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of ARES. Marshall Wace LLP purchased a new position in shares of Ares Management in the 1st quarter worth about $145,000. DNB Asset Management AS lifted its stake in shares of Ares Management by 21.3% in the 3rd quarter. DNB Asset Management AS now owns 107,483 shares of the asset manager’s stock valued at $2,882,000 after acquiring an additional 18,883 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Ares Management by 5.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 45,667 shares of the asset manager’s stock valued at $1,224,000 after acquiring an additional 2,305 shares during the last quarter. Stephens Inc. AR lifted its stake in shares of Ares Management by 1.5% in the 3rd quarter. Stephens Inc. AR now owns 25,500 shares of the asset manager’s stock valued at $684,000 after acquiring an additional 375 shares during the last quarter. Finally, Strs Ohio lifted its stake in shares of Ares Management by 470.3% in the 3rd quarter. Strs Ohio now owns 98,100 shares of the asset manager’s stock valued at $2,630,000 after acquiring an additional 80,900 shares during the last quarter. Institutional investors and hedge funds own 67.12% 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.

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Analyst Recommendations for Ares Management (NYSE:ARES)

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