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

Ares Management (NYSE:ARES) had its price objective increased by Deutsche Bank Aktiengesellschaft from $146.00 to $150.00 in a research note published on Monday morning,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the asset manager’s stock.

ARES has been the subject of a number of other reports. Wells Fargo & Company increased their target price on shares of Ares Management from $172.00 to $176.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Redburn Atlantic initiated coverage on Ares Management in a research report on Tuesday, August 27th. They issued a “neutral” rating and a $140.00 target price for the company. Barclays boosted their target price on Ares Management from $155.00 to $174.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Morgan Stanley lifted their price objective on Ares Management from $136.00 to $162.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Finally, UBS Group upped their price objective on shares of Ares Management from $158.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.36.

Ares Management Stock Up 0.9 %

Ares Management stock opened at $168.94 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.05 and a current ratio of 1.05. 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 fifty-two week low of $101.44 and a fifty-two week high of $175.74. The firm’s 50-day simple moving average is $159.59 and its 200 day simple moving average is $147.42.

Ares Management (NYSE:ARES) last released its earnings results on Friday, November 1st. The asset manager reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.01. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $833.58 million. Ares Management had a return on equity of 19.89% and a net margin of 12.51%. During the same period in the prior year, the company posted $0.83 earnings per share. Research analysts predict that Ares Management will post 4.07 EPS for the current fiscal year.

Ares Management Dividend Announcement

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

Insider Activity at Ares Management

In other news, Chairman Bennett Rosenthal sold 10,154 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $144.46, for a total value of $1,466,846.84. Following the transaction, the chairman now owns 191,508 shares in the company, valued at approximately $27,665,245.68. This trade represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ryan Berry sold 18,329 shares of Ares Management stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $175.18, for a total transaction of $3,210,874.22. Following the completion of the transaction, the insider now directly owns 254,885 shares in the company, valued at approximately $44,650,754.30. The trade was a 6.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 561,280 shares of company stock valued at $83,030,436. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. EP Wealth Advisors LLC increased its stake in shares of Ares Management by 32.5% during the first quarter. EP Wealth Advisors LLC now owns 20,345 shares of the asset manager’s stock valued at $2,705,000 after buying an additional 4,996 shares during the period. Vaughan Nelson Investment Management L.P. increased its position in Ares Management by 24.6% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 192,634 shares of the asset manager’s stock valued at $25,674,000 after purchasing an additional 38,047 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Ares Management in the 1st quarter worth $968,000. Cetera Investment Advisers lifted its position in shares of Ares Management by 45.9% in the 1st quarter. Cetera Investment Advisers now owns 82,717 shares of the asset manager’s stock worth $11,000,000 after purchasing an additional 26,012 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in shares of Ares Management during the 1st quarter valued at about $522,000. Hedge funds and other institutional investors own 50.03% of the company’s stock.

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.