Ares Administration (NYSE:ARES – Get Free Report) had its value goal decreased by funding analysts at Deutsche Financial institution Aktiengesellschaft from $148.00 to $146.00 in a report launched on Monday, Benzinga studies. The brokerage at present has a “maintain” ranking on the asset supervisor’s inventory. Deutsche Financial institution Aktiengesellschaft’s value goal would point out a possible draw back of 11.26% from the inventory’s earlier shut.
Numerous different analysts have additionally lately commented on the corporate. Wells Fargo & Firm lifted their goal value on Ares Administration from $172.00 to $176.00 and gave the inventory an “equal weight” ranking in a analysis report on Monday. Redburn Atlantic started protection on Ares Administration in a analysis report on Tuesday, August twenty seventh. They set a “impartial” ranking and a $140.00 goal value on the inventory. Morgan Stanley lifted their goal value on Ares Administration from $136.00 to $162.00 and gave the inventory an “equal weight” ranking in a analysis report on Thursday, October tenth. Royal Financial institution of Canada lifted their goal value on Ares Administration from $170.00 to $185.00 and gave the inventory an “outperform” ranking in a analysis report on Monday. Lastly, UBS Group lifted their goal value on Ares Administration from $158.00 to $195.00 and gave the inventory a “purchase” ranking in a analysis report on Tuesday, October twenty second. Six funding analysts have rated the inventory with a maintain ranking and 6 have assigned a purchase ranking to the inventory. Primarily based on knowledge from MarketBeat.com, the inventory has a consensus ranking of “Average Purchase” and a consensus goal value of $166.00.
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Ares Administration Inventory Up 3.0 %
Ares Administration inventory opened at $164.53 on Monday. Ares Administration has a 1-year low of $101.44 and a 1-year excessive of $171.78. The corporate has a debt-to-equity ratio of 0.52, a present ratio of 1.05 and a fast ratio of 1.05. The inventory has a market cap of $51.50 billion, a PE ratio of 75.82, a P/E/G ratio of 1.56 and a beta of 1.20. The inventory’s fifty day shifting common is $156.49 and its two-hundred day shifting common is $146.00.
Ares Administration (NYSE:ARES – Get Free Report) final posted its quarterly earnings outcomes on Friday, November 1st. The asset supervisor reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. Ares Administration had a return on fairness of 20.51% and a web margin of 12.51%. The corporate had income of $1.13 billion for the quarter, in comparison with analysts’ expectations of $833.58 million. Throughout the identical interval final yr, the agency earned $0.83 earnings per share. On common, sell-side analysts count on that Ares Administration will put up 4.11 EPS for the present fiscal yr.
Insider Shopping for and Promoting at Ares Administration
In different Ares Administration information, insider Ryan Berry bought 10,000 shares of Ares Administration inventory in a transaction that occurred on Monday, September ninth. The inventory was bought at a median value of $142.12, for a complete worth of $1,421,200.00. Following the sale, the insider now owns 446,702 shares of the corporate’s inventory, valued at roughly $63,485,288.24. The commerce was a 0.00 % lower of their place. The sale was disclosed in a doc filed with the Securities & Change Fee, which will be accessed by way of the SEC web site. In different Ares Administration information, insider Ryan Berry bought 10,000 shares of Ares Administration inventory in a transaction that occurred on Monday, September ninth. The inventory was bought at a median value of $142.12, for a complete worth of $1,421,200.00. Following the sale, the insider now owns 446,702 shares of the corporate’s inventory, valued at roughly $63,485,288.24. The commerce was a 0.00 % lower of their place. The sale was disclosed in a doc filed with the Securities & Change Fee, which will be accessed by way of the SEC web site. Additionally, insider David B. Kaplan bought 27,068 shares of Ares Administration inventory in a transaction that occurred on Thursday, August fifteenth. The shares had been bought at a median value of $145.67, for a complete worth of $3,942,995.56. Following the completion of the sale, the insider now instantly owns 222,932 shares within the firm, valued at $32,474,504.44. This represents a 0.00 % lower of their place. The disclosure for this sale will be discovered right here. Within the final 90 days, insiders have bought 622,640 shares of firm inventory valued at $91,378,848. 41.89% of the inventory is owned by company insiders.
Institutional Traders Weigh In On Ares Administration
Institutional buyers have lately modified their holdings of the corporate. Japanese Financial institution bought a brand new stake in shares of Ares Administration in the course of the third quarter price roughly $39,000. J.Safra Asset Administration Corp boosted its stake in shares of Ares Administration by 717.6% in the course of the 1st quarter. J.Safra Asset Administration Corp now owns 278 shares of the asset supervisor’s inventory price $37,000 after buying an extra 244 shares within the final quarter. West Oak Capital LLC boosted its stake in shares of Ares Administration by 40.0% in the course of the 2nd quarter. West Oak Capital LLC now owns 350 shares of the asset supervisor’s inventory price $47,000 after buying an extra 100 shares within the final quarter. Key Monetary Inc bought a brand new stake in shares of Ares Administration in the course of the 2nd quarter price roughly $53,000. Lastly, EntryPoint Capital LLC bought a brand new stake in Ares Administration within the 1st quarter valued at roughly $54,000. Hedge funds and different institutional buyers personal 50.03% of the corporate’s inventory.
Ares Administration Firm Profile
Ares Administration Company operates instead asset supervisor in the USA, Europe, and Asia. The corporate’s Tradable Credit score Group section manages numerous kinds of funding funds, resembling commingled and individually managed accounts for institutional buyers, and publicly traded autos and sub-advised funds for retail buyers within the tradable and non-investment grade company credit score markets.
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