Ares Management (NYSE:ARES) Posts Earnings Results, Misses Expectations By $0.12 EPS

Ares Management (NYSE:ARES) issued its quarterly earnings data on Wednesday. The asset manager reported $1.23 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.12), Zacks reports. Ares Management had a return on equity of 19.89% and a net margin of 12.51%.

Ares Management Trading Down 2.9 %

NYSE:ARES opened at $189.71 on Thursday. The firm has a market capitalization of $59.39 billion, a price-to-earnings ratio of 87.42, a price-to-earnings-growth ratio of 1.50 and a beta of 1.18. Ares Management has a one year low of $124.11 and a one year high of $200.49. The business has a fifty day moving average price of $183.08 and a 200-day moving average price of $165.17. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.05 and a quick ratio of 1.05.

Analyst Upgrades and Downgrades

ARES has been the topic of a number of research reports. UBS Group upped their price target on shares of Ares Management from $158.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Barclays lowered their price target on Ares Management from $224.00 to $217.00 and set an “overweight” rating for the company in a report on Thursday. Wells Fargo & Company reduced their target price on shares of Ares Management from $212.00 to $207.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Morgan Stanley raised their price target on shares of Ares Management from $136.00 to $162.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Ares Management from $146.00 to $150.00 and gave the stock a “hold” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Ares Management presently has an average rating of “Moderate Buy” and a consensus target price of $175.50.

Insiders Place Their Bets

In other news, insider Ryan Berry sold 14,357 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $180.16, for a total value of $2,586,557.12. Following the completion of the sale, the insider now owns 233,214 shares of the company’s stock, valued at approximately $42,015,834.24. This represents a 5.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael J. Arougheti sold 15,825 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $167.24, for a total transaction of $2,646,573.00. Following the sale, the chief executive officer now directly owns 214,079 shares of the company’s stock, valued at approximately $35,802,571.96. The trade was a 6.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 555,838 shares of company stock worth $96,785,773 in the last three months. 41.89% of the stock is owned by company insiders.

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.