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

Ares Management (NYSE:ARES) had its target price hoisted by research analysts at Deutsche Bank Aktiengesellschaft from $146.00 to $150.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the asset manager’s stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential downside of 12.00% from the company’s current price.

A number of other equities research analysts have also issued reports on the stock. Barclays upped their target price on shares of Ares Management from $155.00 to $174.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. The Goldman Sachs Group lifted their target price on Ares Management from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Morgan Stanley upped their price target on Ares Management from $136.00 to $162.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. UBS Group lifted their price objective on shares of Ares Management from $158.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada increased their target price on shares of Ares Management from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $166.36.

Ares Management Trading Down 0.5 %

NYSE:ARES opened at $170.46 on Monday. The firm has a market capitalization of $53.35 billion, a PE ratio of 78.54, a price-to-earnings-growth ratio of 1.87 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 12 month low of $101.44 and a 12 month high of $175.74. The business’s 50-day moving average is $158.49 and its two-hundred day moving average is $147.02.

Ares Management (NYSE:ARES) last issued its quarterly earnings data on Friday, November 1st. The asset manager reported $0.95 EPS for the quarter, topping 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 firm 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 business posted $0.83 EPS. Research analysts predict that Ares Management will post 4.07 earnings per share for the current fiscal year.

Insider Activity at Ares Management

In other Ares Management news, insider Ryan Berry sold 57,500 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $140.74, for a total value of $8,092,550.00. Following the completion of the sale, the insider now directly owns 456,702 shares of the company’s stock, valued at approximately $64,276,239.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Ryan Berry sold 57,500 shares of the firm’s stock in a transaction 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 directly owns 456,702 shares of the company’s stock, valued at $64,276,239.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael J. Arougheti sold 27,120 shares of Ares Management stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $145.67, for a total value of $3,950,570.40. Following the completion of the transaction, the chief executive officer now owns 222,880 shares in the company, valued at $32,466,929.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 642,640 shares of company stock valued at $94,882,147 over the last 90 days. 41.89% of the stock is currently owned by corporate insiders.

Institutional Trading of Ares Management

Hedge funds have recently bought and sold shares of the company. J.Safra Asset Management Corp boosted its position in shares of Ares Management by 717.6% in the first quarter. J.Safra Asset Management Corp now owns 278 shares of the asset manager’s stock worth $37,000 after buying an additional 244 shares during the period. Eastern Bank acquired a new position in shares of Ares Management in the 3rd quarter valued at about $39,000. West Oak Capital LLC lifted its position in shares of Ares Management by 40.0% in the second quarter. West Oak Capital LLC now owns 350 shares of the asset manager’s stock worth $47,000 after purchasing an additional 100 shares in the last quarter. Key Financial Inc purchased a new position in Ares Management during the second quarter valued at approximately $53,000. Finally, EntryPoint Capital LLC purchased a new position in Ares Management during the first quarter valued at approximately $54,000. 50.03% of the stock is 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.