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

Ares Management (NYSE:ARES) had its price objective decreased by Deutsche Bank Aktiengesellschaft from $148.00 to $146.00 in a research report report published on Monday,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the asset manager’s stock.

A number of other research analysts also recently commented on the company. Barclays increased their target price on Ares Management from $155.00 to $174.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Wells Fargo & Company raised their price target on Ares Management from $172.00 to $176.00 and gave the company an “equal weight” rating in a research note on Monday. The Goldman Sachs Group boosted their price target on Ares Management from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Royal Bank of Canada boosted their price target on Ares Management from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, TD Cowen upped their target price on Ares Management from $162.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Ares Management has a consensus rating of “Moderate Buy” and an average target price of $166.00.

Ares Management Trading Down 2.5 %

Shares of ARES opened at $168.26 on Monday. The firm’s 50 day simple moving average is $157.52 and its 200 day simple moving average is $146.34. The company has a market capitalization of $52.66 billion, a P/E ratio of 77.54, a P/E/G ratio of 1.54 and a beta of 1.20. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.05 and a quick ratio of 1.05. Ares Management has a 1-year low of $101.44 and a 1-year high of $175.74.

Ares Management (NYSE:ARES) last issued its quarterly earnings results on Friday, November 1st. The asset manager reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. Ares Management had a net margin of 12.51% and a return on equity of 20.51%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $833.58 million. During the same period last year, the business earned $0.83 earnings per share. Sell-side analysts forecast that Ares Management will post 4.1 earnings per share for the current fiscal year.

Ares Management Dividend Announcement

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 paid a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Tuesday, December 17th. Ares Management’s payout ratio is presently 171.43%.

Insider Buying and Selling

In related news, insider Ryan Berry sold 57,500 shares of Ares Management stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $140.74, for a total transaction of $8,092,550.00. Following the sale, the insider now directly owns 456,702 shares in the company, valued at $64,276,239.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Ryan Berry sold 57,500 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $140.74, for a total transaction of $8,092,550.00. Following the completion of the sale, the insider now owns 456,702 shares of the company’s stock, valued at approximately $64,276,239.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Bennett Rosenthal sold 26,579 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $142.66, for a total value of $3,791,760.14. Following the transaction, the chairman now owns 75,000 shares of the company’s stock, valued at $10,699,500. The trade was 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 sold 622,640 shares of company stock worth $91,378,848. 41.89% of the stock is owned by insiders.

Institutional Investors Weigh In On Ares Management

Hedge funds have recently made changes to their positions in the company. Norden Group LLC grew its holdings in Ares Management by 47.0% during 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 period. Private Advisor Group LLC raised its stake in Ares Management by 6.9% during the 1st quarter. Private Advisor Group LLC now owns 2,618 shares of the asset manager’s stock valued at $348,000 after acquiring an additional 170 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Ares Management by 41.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,821 shares of the asset manager’s stock worth $6,033,000 after buying an additional 13,482 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Ares Management by 26.2% during the 1st quarter. BNP Paribas Financial Markets now owns 79,639 shares of the asset manager’s stock valued at $10,590,000 after buying an additional 16,554 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of Ares Management by 13.8% during 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 during the last quarter. 50.03% of the stock is currently owned by hedge funds and other 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.