JMP Securities Reiterates “$195.00” Price Target for Ares Management (NYSE:ARES)

Ares Management (NYSE:ARES) has been assigned a $195.00 target price by investment analysts at JMP Securities in a research note issued to investors on Monday, Marketbeat.com reports. The brokerage presently has a “market outperform” rating on the asset manager’s stock. JMP Securities’ target price would indicate a potential upside of 11.76% from the company’s previous close.

Other analysts also recently issued research reports about the company. The Goldman Sachs Group decreased their price target on Ares Management from $188.00 to $166.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. Oppenheimer cut Ares Management from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 15th. Morgan Stanley dropped their price target on shares of Ares Management from $197.00 to $152.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. TD Cowen reduced their price objective on shares of Ares Management from $216.00 to $161.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Finally, Barclays raised their target price on shares of Ares Management from $182.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.50.

Ares Management Stock Performance

Shares of ARES opened at $174.49 on Monday. The firm has a market cap of $56.98 billion, a price-to-earnings ratio of 102.64, a price-to-earnings-growth ratio of 1.47 and a beta of 1.37. The company’s fifty day moving average is $169.68 and its 200-day moving average is $166.33. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.61. Ares Management has a 12 month low of $110.63 and a 12 month high of $200.49.

Ares Management (NYSE:ARES) last issued its quarterly earnings data on Monday, May 5th. The asset manager reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.15. Ares Management had a net margin of 9.73% and a return on equity of 16.29%. The firm had revenue of $951.96 million during the quarter, compared to analysts’ expectations of $914.00 million. During the same period in the prior year, the company posted $0.80 earnings per share. Equities analysts expect that Ares Management will post 5.28 EPS for the current fiscal year.

Insider Transactions at Ares Management

In other news, insider David B. Kaplan sold 62,500 shares of the company’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $169.36, for a total transaction of $10,585,000.00. Following the completion of the transaction, the insider owned 62,500 shares of the company’s stock, valued at approximately $10,585,000. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael J. Arougheti sold 182,108 shares of Ares Management stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $170.07, for a total value of $30,971,107.56. Following the sale, the chief executive officer directly owned 350,684 shares in the company, valued at approximately $59,640,827.88. This trade represents a 34.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 873,145 shares of company stock worth $146,204,353. 0.52% of the stock is currently owned by company insiders.

Institutional Trading of Ares Management

Institutional investors have recently modified their holdings of the company. Redmont Wealth Advisors LLC bought a new stake in Ares Management in the first quarter valued at about $28,000. Transce3nd LLC acquired a new stake in Ares Management during the fourth quarter valued at approximately $29,000. Johnson Financial Group Inc. grew its stake in shares of Ares Management by 104.8% in the 4th quarter. Johnson Financial Group Inc. now owns 170 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 87 shares during the period. Financial Network Wealth Advisors LLC acquired a new position in shares of Ares Management in the 1st quarter worth approximately $31,000. Finally, Elequin Capital LP acquired a new position in shares of Ares Management in the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 50.03% of the company’s stock.

About Ares Management

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.