Ares Management (NYSE:ARES) Now Covered by Analysts at Wells Fargo & Company

Equities researchers at Wells Fargo & Company started coverage on shares of Ares Management (NYSE:ARES) in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The brokerage set an “overweight” rating and a $136.00 price target on the asset manager’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 15.56% from the stock’s previous close.

Several other analysts have also commented on the stock. Oppenheimer raised their price objective on shares of Ares Management from $151.00 to $162.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $144.00 target price on shares of Ares Management in a report on Monday, August 3rd. Wall Street Zen lowered Ares Management from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th. Barclays lowered their target price on Ares Management from $140.00 to $139.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Finally, Keefe, Bruyette & Woods upgraded Ares Management to a “hold” rating in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ares Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.00.

Ares Management Stock Up 1.0%

Shares of NYSE ARES opened at $117.69 on Friday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 1.00. Ares Management has a 12 month low of $95.80 and a 12 month high of $181.19. The firm has a market capitalization of $38.87 billion, a PE ratio of 53.98, a price-to-earnings-growth ratio of 1.01 and a beta of 1.53. The firm has a fifty day simple moving average of $133.54 and a two-hundred day simple moving average of $123.69.

Ares Management (NYSE:ARES) last announced its earnings results on Friday, July 31st. The asset manager reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. Ares Management had a net margin of 10.63% and a return on equity of 25.42%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. Equities analysts expect that Ares Management will post 5.93 earnings per share for the current year.

Institutional Trading of Ares Management

A number of hedge funds have recently made changes to their positions in the stock. Capital International Investors boosted its stake in Ares Management by 0.3% in the 4th quarter. Capital International Investors now owns 4,257,710 shares of the asset manager’s stock worth $688,176,000 after purchasing an additional 14,516 shares in the last quarter. Principal Financial Group Inc. increased its stake in Ares Management by 4.4% during the 1st quarter. Principal Financial Group Inc. now owns 4,009,291 shares of the asset manager’s stock valued at $437,417,000 after purchasing an additional 169,598 shares in the last quarter. Vulcan Value Partners LLC raised its holdings in Ares Management by 12.5% in the second quarter. Vulcan Value Partners LLC now owns 1,902,580 shares of the asset manager’s stock worth $211,776,000 after buying an additional 211,404 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Ares Management by 43.8% in the first quarter. Janus Henderson Group PLC now owns 1,653,078 shares of the asset manager’s stock worth $180,343,000 after buying an additional 503,688 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Ares Management by 48.6% in the fourth quarter. Bank of New York Mellon Corp now owns 1,174,032 shares of the asset manager’s stock worth $189,759,000 after buying an additional 384,148 shares in the last quarter. 50.03% of the stock is owned by institutional investors.

Trending Headlines about Ares Management

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

• Positive Sentiment: Ares raised $4.2 billion for its inaugural global structured solutions strategy, reportedly exceeding its target by more than four times. The strong demand supports expectations for higher fee-earning assets and future management-fee revenue. Ares Blows Past Target to Raise $4.2 Billion for Structured Fund
• Positive Sentiment: Ares provided approximately $1.8 billion at closing as part of a $2 billion commitment to a $6.5 billion multi-jurisdiction debt facility for Phoenix Tower International. The transaction expands Ares’ credit deployment and exposure to telecom infrastructure. Ares Provides $2 Billion Debt Facility to Phoenix Tower International
• Positive Sentiment: Ares is contributing more than €1 billion to Plenitude as part of a broader €1.5 billion capital increase with Eni. The investment deepens Ares’ relationship with the renewable-energy company and could support future asset growth and investment returns. Ares Strengthens Commitment to Plenitude Through €1 Billion Capital Contribution
• Positive Sentiment: Recent analysis describes Ares as a growth-oriented alternative-asset manager with recurring fundraising and dividend growth, despite a broader share-price decline this year. That framing may attract investors seeking both income and expansion potential. Ares Management: The Growth Stock Disguised as an Income Play
• Neutral Sentiment: Ares moved its third-quarter earnings webcast to 9:00 a.m. ET on October 29, with results scheduled before the market opens. The timing change itself does not alter fundamentals, but the report could become the next major catalyst for ARES. Ares Updates Earnings Conference Call Time
• Negative Sentiment: One valuation analysis suggests ARES is near fair value after a strong five-year run, potentially limiting additional upside unless fundraising, earnings or fee-related performance continues to exceed expectations. Ares Management Stock Looks Near Fair Value

Ares Management Company Profile

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 serves institutional investors, including pension plans, insurance companies, endowments and foundations, as well as wealth-management clients and other investors.

Its investment businesses include direct lending and other private credit strategies, liquid credit, corporate private equity, real estate, infrastructure and secondary investments.