Ares Management (NYSE:ARES) Downgraded by Deutsche Bank Aktiengesellschaft to “Hold”

Ares Management (NYSE:ARESGet Free Report) was downgraded by equities researchers at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, Marketbeat Ratings reports. They currently have a $132.00 price objective on the asset manager’s stock, down from their previous price objective of $176.00. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential downside of 0.48% from the stock’s previous close.

A number of other analysts have also commented on ARES. TD Cowen boosted their target price on Ares Management from $154.00 to $171.00 and gave the company a “buy” rating in a research report on Wednesday, May 22nd. UBS Group boosted their target price on Ares Management from $156.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Ares Management in a research report on Wednesday, May 22nd. Barclays cut their price target on Ares Management from $153.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd. Finally, Jefferies Financial Group cut their price target on Ares Management from $131.00 to $127.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $130.29.

Check Out Our Latest Research Report on ARES

Ares Management Stock Performance

Shares of Ares Management stock opened at $132.63 on Thursday. Ares Management has a one year low of $90.29 and a one year high of $150.12. The firm has a market capitalization of $41.09 billion, a price-to-earnings ratio of 59.48, a PEG ratio of 1.30 and a beta of 1.21. The business has a 50-day simple moving average of $137.55 and a 200 day simple moving average of $128.93. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.03 and a quick ratio of 1.03.

Ares Management (NYSE:ARESGet Free Report) last issued its earnings results on Thursday, May 2nd. The asset manager reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.13). Ares Management had a net margin of 12.86% and a return on equity of 21.22%. The firm had revenue of $707.36 million during the quarter, compared to the consensus estimate of $814.88 million. During the same period in the previous year, the firm earned $0.71 earnings per share. On average, research analysts anticipate that Ares Management will post 4.19 earnings per share for the current fiscal year.

Insider Transactions at Ares Management

In other news, Chairman Bennett Rosenthal sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $129.72, for a total value of $6,486,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Chairman Antony P. Ressler sold 175,152 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $133.56, for a total value of $23,393,301.12. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Bennett Rosenthal sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $129.72, for a total value of $6,486,000.00. The disclosure for this sale can be found here. Insiders have sold 1,564,673 shares of company stock worth $211,998,778 in the last 90 days. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Ares Management

Institutional investors have recently bought and sold shares of the company. Hollencrest Capital Management purchased a new position in Ares Management in the third quarter valued at approximately $27,000. Compass Wealth Management LLC purchased a new position in Ares Management in the first quarter valued at approximately $28,000. Rise Advisors LLC lifted its stake in Ares Management by 73.9% in the fourth quarter. Rise Advisors LLC now owns 240 shares of the asset manager’s stock valued at $29,000 after purchasing an additional 102 shares during the last quarter. Riverview Trust Co purchased a new position in Ares Management in the first quarter valued at approximately $29,000. Finally, Hartford Financial Management Inc. lifted its stake in Ares Management by 47.4% in the fourth quarter. Hartford Financial Management Inc. now owns 280 shares of the asset manager’s stock valued at $33,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Ares Management Company Profile

(Get Free Report)

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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