Ares Management was the subject of the first research report that the equity analysts at StockNews.com sent out to customers and investors on Thursday (NYSE: ARES).
The company advised shareholders to “sell” the asset manager’s stock and provided a rating of “sell.”
The most recent quarterly results report for Ares Management (NYSE: ARES) was made public on February 9, which was a Thursday.
The asset manager’s quarterly report showed earnings per share of $1.21, which was $0.14 more than the $1.07 that was anticipated, on average, by industry experts.
In their financials, Ares Management stated that their net margin was 5.48%, and their return on equity was 16.82%.
The company’s most recent quarter’s sales came in at $937.72 million, significantly higher than the consensus expectation of $813.69 million, which was reported by the market. Compared to the previous year’s results for the same period, the company posted a profit of $0.85 per share.
Ares Management’s sell-side analysts believe the company will achieve $4.02 per share in the current fiscal year.
When trading for ARES began on Thursday, the security price was $75.36.
There is currently a debt-to-equity ratio of 0.64, a current ratio of 0.98, and a quick ratio of 0.98.
All three of these ratios are also currently at 0.98.
The company possesses a PE ratio of 88.66, a PEG ratio of 0.63, and a beta coefficient of 1.34, all contributing to its market capitalization of $22.36 billion.
The company has posted a moving average revenue of $80.00 over the past 50 days, while the moving average revenue over the last 200 days is $74.80.
Ares Management shares traded for anywhere from $53.15 to $87.50 per share over the preceding twelve months, with an average price of $87.50.
ARES has, in recent times, obtained feedback from a variety of different brokerages.
This feedback has been very helpful.
The price objective for Ares Management was increased by Morgan Stanley on Monday, February 13, from $82.00 to $88.00 in a research report that was posted on that day.
In addition, the firm assigned an “equal weight” rating to the company’s stock at that time.
Barclays increased its price objective on Ares Management shares from $87.00 to $99.00 in a research report made available to the public on February 10 by the brokerage firm.
In addition to that, they rated the stock as “overweight,” which means it has a higher-than-average value.
According to a report that BMO Capital Markets published on Friday, February 10, the price objective for Ares Management was raised from $89.00 to $91.00, and the company was given a rating of “market perform.” Wells Fargo & Company published a research note on Friday, February 10, stating that they had upgraded Ares Management from an “underweight” rating to an “equal weight” rating and had increased their price objective on the stock from $81.00 to $92.00.
The “hold” rating that Goldman Sachs Group had previously assigned to Ares Management was upgraded to a “buy” rating in a report made public on February 10.
The final and most significant adjustment was made here. Six different financial experts have provided the company with a recommendation to buy its stock, three have provided a recommendation to hold its shares, and one analyst has provided a recommendation to sell.
The information discovered on Bloomberg.com indicates that the company is given a recommendation of “Moderate Buy” on average and that its target price is $95.00.
In other news, on February 1, Antony P. Ressler, chairman of the company, completed a transaction in which he sold 25,269 shares of the company’s stock.
This transaction was reported in the press.
A total of 2,152,666.11 dollars’ worth of the company’s stock was traded for $85.19 per share, making the total amount transacted 2,152,666.11 dollars.
As a consequence of the sale, the chairman now owns 712,670 company shares, which together have an estimated value of $60,712,357.30.
This page contains the filing containing information about the transaction provided to the Securities and Exchange Commission (SEC). You can access the filing by clicking here.
According to additional information regarding the company, Ares Management Chairman Antony P. Ressler sold 25,269 shares of the company’s stock on February 1.
This information comes from other sources regarding the company.
A total of 2,152,666.11 dollars’ worth of the company’s stock was traded for $85.19 per share, making the total amount transacted 2,152,666.11 dollars.
As a result of the sale being finalized, the chairman now owns 712,670 shares.
Based on the current market price, these shares have a value of approximately $60,712,357.30. You will be taken to a legal file submitted to the SEC if you click on the link we provided, where you will find additional information regarding the sale.
Ares Management Llc, a significant shareholder, purchased 168,692 shares of Ares Management stock on Monday, March 13.
An average price of $23.77 was placed on each share, resulting in the total value of the shares being equal to 4,009,808,84 dollars.
This particular company insider owns 35,373,824 shares of the company’s stock, which are currently valued at $840,835,796.48. You should be able to locate the disclosure concerning this transaction in the following location: Over the past three months, company insiders have conducted transactions with a combined value of $154,478,492.
These transactions include the purchase of 3,829,594 shares of company stock for $9,822,632 and the sale of 5,121,973 shares for $154,478,492.
The company’s insiders own the shares of stock to the extent of 38%.
Various hedge funds and other types of institutional investors have been active buyers and sellers of ARES shares over the most recent period.
The percentage of holdings Cambridge Investment Research Advisors INC has in Ares Management went up by 68.0% during the first three months of 2018. Cambridge Investment Research Advisors INC now has 6,485 shares held by the asset manager, having acquired an additional 2,624 shares throughout the quarter.
There is a total value of $527,000 associated with these holdings.
The percentage of Ares Management owned by the Bank of Montreal increased by 172.3% over the year’s first three months.
There are currently 32,899 shares of the asset manager’s stock owned by the Bank of Montreal.
These shares have a value of $2,690,000.
This represents an increase of 20,816 shares that were purchased within the span of the most recent three months.
MetLife Investment Management LLC established a new investment in Ares Management at approximately $684,000 during the first three months of 2018.
BlackRock INC’s holdings in Ares Management increased by 0.7% during the first three months of 2018 due to the company’s acquisition of additional shares.
BlackRock INC now has 6,191,021 shares of the asset manager’s stock after making an additional purchase of 45,745 shares during the most recent session.
The stock is currently valued at $502,895,000.
The Great West Life Assurance Company of Canada increased the percentage of ownership it held in Ares Management by 12.4% over the first three months of the year.
After making additional purchases of 825 shares during the most recent quarter, the Great West Life Insurance Company of Canada now directly owns 7,460 shares of asset management.
This brings the total value of those shares to $645,000 and reflects that the company purchased additional shares during the most recent quarter.
The total number of shares that hedge funds and other institutional investors hold brings their total ownership to 47.96% of the total number of issued and outstanding shares.