Ares Management (NYSE:ARES) Given New $154.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan lowered Ares Management’s price target from $155 to $154 while maintaining an “overweight” rating, implying approximately 20% upside from the stock’s $128.16 price.
• Ares reported adjusted EPS of $1.26, slightly beating estimates, while quarterly revenue reached $1.43 billion versus the $1.24 billion consensus; however, revenue declined 13.5% year over year.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and average price target of $146.21. Institutional investors own approximately 50% of Ares shares.

Ares Management (NYSE:ARES - Get Free Report) had its price objective lowered by equities researchers at JPMorgan Chase & Co. from $155.00 to $154.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an "overweight" rating on the asset manager's stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 20.16% from the stock's current price.

ARES has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $144.00 price objective (up from $140.00) on shares of Ares Management in a research report on Monday, August 3rd. Royal Bank Of Canada lifted their target price on Ares Management from $168.00 to $171.00 and gave the stock an "outperform" rating in a research report on Friday. Bank of America lowered their target price on shares of Ares Management from $160.00 to $156.00 in a research note on Monday, October 5th. Morgan Stanley set a $149.00 price target on shares of Ares Management in a report on Friday, October 16th. Finally, Rothschild & Co Redburn raised their price target on shares of Ares Management from $134.00 to $138.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $146.21.

Ares Management Trading Up 0.5%

NYSE ARES traded up $0.69 during trading on Friday, hitting $128.16. The stock had a trading volume of 3,191,806 shares, compared to its average volume of 2,898,783. Ares Management has a one year low of $95.80 and a one year high of $181.19. The stock has a 50 day simple moving average of $126.00 and a 200 day simple moving average of $125.26. The stock has a market capitalization of $42.33 billion, a price-to-earnings ratio of 58.79, a P/E/G ratio of 1.12 and a beta of 1.53. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.26 and a current ratio of 0.26.

Ares Management (NYSE:ARES - Get Free Report) last released its earnings results on Thursday, October 29th. The asset manager reported $1.26 EPS for the quarter, beating analysts' consensus estimates of $1.25 by $0.01. Ares Management had a return on equity of 25.42% and a net margin of 10.63%. The firm had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.24 billion. During the same quarter in the prior year, the firm posted $1.15 earnings per share. The company's quarterly revenue was down 13.5% on a year-over-year basis. Sell-side analysts predict that Ares Management will post 5.80 earnings per share for the current year.

Institutional Investors Weigh In On Ares Management

Several hedge funds have recently made changes to their positions in ARES. Renaissance Technologies LLC bought a new position in shares of Ares Management during the 1st quarter worth approximately $9,350,000. Junto Capital Management LP acquired a new stake in Ares Management in the second quarter valued at approximately $40,084,000. National Pension Service grew its holdings in Ares Management by 18.6% in the second quarter. National Pension Service now owns 367,433 shares of the asset manager's stock worth $40,899,000 after purchasing an additional 57,641 shares during the last quarter. Bank of Nova Scotia grew its holdings in Ares Management by 156.1% in the first quarter. Bank of Nova Scotia now owns 79,469 shares of the asset manager's stock worth $8,671,000 after purchasing an additional 48,438 shares during the last quarter. Finally, Hamlin Capital Management LLC grew its holdings in Ares Management by 6.6% in the third quarter. Hamlin Capital Management LLC now owns 1,022,899 shares of the asset manager's stock worth $118,830,000 after purchasing an additional 63,265 shares during the last quarter. 50.03% of the stock is currently owned by hedge funds and other institutional investors.

Key Ares Management News

Here are the key news stories impacting Ares Management this week:

• Positive Sentiment: Third-quarter adjusted EPS came in at $1.26, narrowly exceeding the $1.25 consensus estimate, while revenue of $1.43 billion substantially topped expectations of $1.24 billion. Assets under management rose to approximately $690.6 billion, supported by higher management fees and capital inflows. Ares Q3 Earnings Beat Estimates
• Positive Sentiment: Fundraising momentum remains strong: Ares raised more than $31 billion in gross commitments during the quarter, including an $8 billion first close for its flagship credit fund, and invested approximately $35 billion. Management also said it is positioned for a potentially record fundraising year. Ares Flagship Credit Fund First Close
• Positive Sentiment: Direct-lending activity was substantial, with $6.3 billion of U.S. commitments closed across 55 transactions in the quarter and $43.4 billion over the past 12 months. Ares also expects $300 million to $325 million of 2026 net realized performance income, including $115 million to $125 million in the fourth quarter. Ares Direct Lending Activity
• Positive Sentiment: Analysts increased their targets: Barclays raised its target to $151, Wells Fargo to $141, RBC to $171 and TD Cowen maintained a buy rating with a $158 target. These targets imply meaningful potential upside and may support the stock’s advance. Analyst Price Target Changes
• Positive Sentiment: Ares declared a quarterly dividend of $1.35 per share, equivalent to $5.40 annually and a yield of approximately 4.2%, enhancing the stock’s income appeal. Ares Third Quarter Results
• Neutral Sentiment: Keefe, Bruyette & Woods lifted its target from $119 to $130 but retained a market-perform rating, suggesting limited upside relative to the more bullish analyst views. KBW Ares Rating
• Negative Sentiment: Despite the adjusted earnings beat, GAAP net income was $85.3 million and revenue declined 13.5% year over year, highlighting pressure from weaker realized performance income and potentially tempering the market’s response to the otherwise strong operating metrics. Ares Q3 Income Declines

About Ares Management

Ares Management Corporation NYSE: ARES is a global alternative investment manager that provides investment solutions across credit, private equity, real assets and secondaries. The company manages capital on behalf of institutional investors, pension funds, insurance companies, sovereign wealth funds, family offices and individual investors.

Its investment activities include direct lending and other credit strategies, control and minority investments in private companies, real estate and infrastructure investments, and secondary-market transactions involving private assets and fund interests.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.