Ares Management (NYSE:ARES) Given a $195.00 Price Target by JMP Securities Analysts

Ares Management (NYSE:ARES - Get Free Report) has been assigned a $195.00 price target by JMP Securities in a report issued on Monday, MarketBeat Ratings reports. The firm currently has a "market outperform" rating on the asset manager's stock. JMP Securities' target price would suggest a potential upside of 8.41% from the stock's current price.

A number of other research analysts have also recently weighed in on the stock. Bank of America cut their price objective on shares of Ares Management from $221.00 to $201.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. Oppenheimer downgraded shares of Ares Management from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Citizens Jmp upgraded Ares Management from a "market perform" rating to an "outperform" rating and set a $165.00 target price for the company in a research report on Tuesday, April 8th. Wells Fargo & Company increased their price target on Ares Management from $189.00 to $202.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Finally, Morgan Stanley decreased their price target on Ares Management from $197.00 to $152.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $177.50.

Ares Management Price Performance

Shares of NYSE:ARES traded up $5.38 during midday trading on Monday, reaching $179.87. 1,746,967 shares of the company were exchanged, compared to its average volume of 1,431,709. The stock has a market cap of $58.74 billion, a PE ratio of 105.81, a price-to-earnings-growth ratio of 1.47 and a beta of 1.37. The business's fifty day moving average is $169.68 and its two-hundred day moving average is $166.33. Ares Management has a one year low of $110.63 and a one year high of $200.49. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.61.

Ares Management (NYSE:ARES - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The asset manager reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $0.94 by $0.15. Ares Management had a return on equity of 16.29% and a net margin of 9.73%. The company had revenue of $951.96 million during the quarter, compared to analyst estimates of $914.00 million. During the same period in the prior year, the company earned $0.80 earnings per share. As a group, analysts predict that Ares Management will post 5.28 earnings per share for the current year.

Insider Activity at Ares Management

In related news, insider David B. Kaplan sold 62,500 shares of Ares Management stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $169.36, for a total value of $10,585,000.00. Following the completion of the transaction, the insider owned 62,500 shares in the company, valued at $10,585,000. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Bennett Rosenthal sold 85,000 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $168.79, for a total value of $14,347,150.00. The disclosure for this sale can be found here. Insiders have sold a total of 873,145 shares of company stock valued at $146,204,353 in the last ninety days. Company insiders own 0.52% of the company's stock.

Institutional Trading of Ares Management

Several institutional investors have recently made changes to their positions in the company. Transce3nd LLC purchased a new position in shares of Ares Management in the 4th quarter valued at about $29,000. Johnson Financial Group Inc. increased its position 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 last quarter. Elequin Capital LP acquired a new stake in shares of Ares Management in the 4th quarter valued at $33,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Ares Management during the 1st quarter worth $28,000. Finally, Financial Network Wealth Advisors LLC purchased a new position in Ares Management in the first quarter valued at $31,000. Hedge funds and other institutional investors 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.