JPMorgan Chase & Co. Issues Positive Forecast for Ares Management (NYSE:ARES) Stock Price

Ares Management (NYSE:ARES) had its price objective hoisted by analysts at JPMorgan Chase & Co. from $143.00 to $153.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the asset manager’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 13.23% from the company’s current price.

Several other research firms also recently commented on ARES. Oppenheimer raised their price target on shares of Ares Management from $140.00 to $151.00 and gave the stock an “outperform” rating in a research note on Monday. Morgan Stanley set a $160.00 price objective on shares of Ares Management in a research report on Tuesday, July 21st. Royal Bank Of Canada upped their target price on shares of Ares Management from $162.00 to $168.00 and gave the stock an “outperform” rating in a research note on Monday. Keefe, Bruyette & Woods raised shares of Ares Management to a “hold” rating in a research report on Monday, July 20th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Ares Management in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Ares Management currently has a consensus rating of “Moderate Buy” and an average price target of $160.33.

Ares Management Trading Up 5.5%

ARES stock traded up $7.04 during midday trading on Monday, reaching $135.13. The company’s stock had a trading volume of 1,357,248 shares, compared to its average volume of 3,191,032. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.23 and a current ratio of 0.23. The stock has a fifty day simple moving average of $123.83 and a two-hundred day simple moving average of $123.61. Ares Management has a 1 year low of $95.80 and a 1 year high of $195.26. The firm has a market capitalization of $44.57 billion, a price-to-earnings ratio of 62.10, a PEG ratio of 1.14 and a beta of 1.49.

Ares Management (NYSE:ARES) last released its earnings results on Friday, July 31st. The asset manager reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.01. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.27 billion. Ares Management had a return on equity of 25.47% and a net margin of 10.63%.The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the company earned $1.03 earnings per share. On average, equities research analysts predict that Ares Management will post 5.98 EPS for the current year.

Hedge Funds Weigh In On Ares Management

A number of hedge funds and other institutional investors have recently modified their holdings of ARES. Osbon Capital Management LLC purchased a new position in Ares Management during the fourth quarter valued at approximately $32,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in Ares Management during the fourth quarter worth $42,000. Elyxium Wealth LLC purchased a new stake in Ares Management during the fourth quarter worth $42,000. Summit Securities Group LLC bought a new stake in Ares Management during the 4th quarter valued at $49,000. Finally, AlphaCentric Advisors LLC purchased a new position in shares of Ares Management in the 4th quarter valued at $62,000. 50.03% of the stock is currently owned by institutional investors.

Ares Management Company Profile

Ares Management Corporation (NYSE: ARES) is a global alternative asset manager that provides investment solutions across credit, private equity and real estate. The firm originates and manages capital across a range of strategies including direct lending, syndicated and special situations credit, private equity buyouts and growth investments, and real estate equity and debt. Ares serves institutional investors, insurance companies, pension funds, sovereign wealth funds, and high‑net‑worth clients through both commingled funds and bespoke managed account structures.

Within credit, Ares offers strategies spanning leveraged loans, structured credit, opportunistic and distressed debt, and specialty finance, with an emphasis on underwriting, portfolio construction and active asset management.