Ares Management (NYSE:ARES) Price Target Raised to $150.00 at Deutsche Bank Aktiengesellschaft

Ares Management (NYSE:ARES) had its price objective hoisted by Deutsche Bank Aktiengesellschaft from $146.00 to $150.00 in a report released on Monday,Benzinga reports. The firm currently has a hold rating on the asset manager’s stock.

ARES has been the subject of a number of other research reports. Barclays raised their price objective on Ares Management from $155.00 to $174.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Morgan Stanley lifted their price target on Ares Management from $136.00 to $162.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. The Goldman Sachs Group upped their price target on shares of Ares Management from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Redburn Atlantic initiated coverage on shares of Ares Management in a research note on Tuesday, August 27th. They set a “neutral” rating and a $140.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped their target price on shares of Ares Management from $176.00 to $174.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Ares Management has a consensus rating of “Moderate Buy” and an average target price of $166.36.

Ares Management Stock Performance

Shares of ARES stock opened at $168.94 on Monday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.53. The company’s fifty day moving average price is $159.59 and its 200-day moving average price is $147.42. The stock has a market cap of $52.88 billion, a PE ratio of 77.85, a price-to-earnings-growth ratio of 1.87 and a beta of 1.20. Ares Management has a 12 month low of $101.44 and a 12 month high of $175.74.

Ares Management (NYSE:ARES) last posted its quarterly earnings data on Friday, November 1st. The asset manager reported $0.95 EPS for the quarter, topping the consensus estimate of $0.94 by $0.01. Ares Management had a net margin of 12.51% and a return on equity of 19.89%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $833.58 million. During the same quarter in the previous year, the firm posted $0.83 earnings per share. On average, equities analysts expect that Ares Management will post 4.07 EPS for the current fiscal year.

Ares Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 2.20%. The ex-dividend date is Tuesday, December 17th. Ares Management’s dividend payout ratio is currently 171.43%.

Insiders Place Their Bets

In other news, insider Ryan Berry sold 1,671 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $175.00, for a total value of $292,425.00. Following the transaction, the insider now owns 253,214 shares in the company, valued at $44,312,450. This represents a 0.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David B. Kaplan sold 19,262 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $146.74, for a total transaction of $2,826,505.88. Following the completion of the transaction, the insider now directly owns 81,287 shares in the company, valued at approximately $11,928,054.38. The trade was a 19.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 561,280 shares of company stock valued at $83,030,436. Company insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Ares Management

A number of institutional investors have recently bought and sold shares of ARES. Private Advisor Group LLC increased its holdings in Ares Management by 6.9% in the 1st 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 in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Ares Management during the 1st quarter valued at $522,000. Russell Investments Group Ltd. lifted its stake in shares of Ares Management by 23.4% during the 1st quarter. Russell Investments Group Ltd. now owns 45,754 shares of the asset manager’s stock valued at $6,086,000 after buying an additional 8,666 shares in the last quarter. Avantax Advisory Services Inc. boosted its holdings in Ares Management by 15.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 3,109 shares of the asset manager’s stock worth $413,000 after buying an additional 415 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Ares Management in the 1st quarter worth $968,000. 50.03% of the stock is owned by institutional investors.

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.