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Royal Bank of Canada reaffirmed their outperform rating on shares of Ares Management (NYSE:ARES – Free Report) in a research report sent to investors on Wednesday, Benzinga reports. Royal Bank of Canada currently has a $150.00 price target on the asset manager’s stock. Other research analysts also recently issued research reports about the company. JMP […]
Ares Management (NYSE:ARES – Get Free Report) posted its quarterly earnings results on Thursday. The asset manager reported $0.80 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.13), Briefing.com reports. The company had revenue of $707.36 million for the quarter, compared to analyst estimates of $814.88 million. Ares Management had a return […]
Celebrities and sports brands are more eager than ever to lend their legitimacy and likeness to new ventures, and private equity firms are more than happy to oblige.
Citigroup Inc. reduced its position in shares of Ares Management Co. (NYSE:ARES – Free Report) by 23.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,132 shares of the asset manager’s stock after selling 12,454 shares during the period. Citigroup Inc.’s […]
Ares Management (NYSE:ARES – Get Free Report) had its target price hoisted by stock analysts at Barclays from $126.00 to $130.00 in a research report issued to clients and investors on Tuesday, FlyOnTheWall reports. Barclays‘s price target indicates a potential upside of 18.96% from the stock’s current price. Other analysts also recently issued reports about […]