Are Analysts Bullish about Ares Management Corporation (NYSE:ARES) after last week?

Ares Management Corporation (NYSE:ARES) LogoInvestors sentiment decreased to 1.9 in 2018 Q2. Its down 2.28, from 4.18 in 2018Q1. It is negative, as 11 investors sold Ares Management Corporation shares while 10 reduced holdings. 13 funds opened positions while 27 raised stakes. 35.96 million shares or 47.37% less from 68.32 million shares in 2018Q1 were reported.
Credit Suisse Ag holds 0% of its portfolio in Ares Management Corporation (NYSE:ARES) for 34,369 shares. Renaissance Technologies Limited Co owns 62,707 shares. California Employees Retirement Systems stated it has 0% of its portfolio in Ares Management Corporation (NYSE:ARES). Stifel Corp holds 0% of its portfolio in Ares Management Corporation (NYSE:ARES) for 9,877 shares. Point72 Asset Mgmt Lp reported 13,800 shares stake. Morgan Stanley holds 0% of its portfolio in Ares Management Corporation (NYSE:ARES) for 102,639 shares. Cubist Systematic Strategies Ltd Liability Com reported 0.01% in Ares Management Corporation (NYSE:ARES). Mendon Cap Advsrs Corporation has invested 1.56% of its portfolio in Ares Management Corporation (NYSE:ARES). Alpine Global Mngmt Limited Liability Corp invested in 25,000 shares. Citigroup stated it has 178,231 shares or 0% of all its holdings. Bancorporation Of America Corp De holds 0% or 110,367 shares. Greenwich Invest Mgmt accumulated 131,678 shares or 2.81% of the stock. Advisory Network Ltd Liability Com reported 776 shares or 0% of all its holdings. Maryland-based Brown Advisory Secs Ltd Com has invested 0.07% in Ares Management Corporation (NYSE:ARES). Moreover, Alliancebernstein Ltd Partnership has 0% invested in Ares Management Corporation (NYSE:ARES).

Ares Management Corporation (NYSE:ARES) Ratings Coverage

Among 4 analysts covering Ares Management (NYSE:ARES), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Ares Management had 5 analyst reports since July 23, 2018 according to SRatingsIntel. Morgan Stanley maintained Ares Management Corporation (NYSE:ARES) rating on Tuesday, October 9. Morgan Stanley has “Equal-Weight” rating and $25 target. Morgan Stanley maintained Ares Management Corporation (NYSE:ARES) on Wednesday, November 14 with “Equal-Weight” rating. The stock of Ares Management Corporation (NYSE:ARES) has “Neutral” rating given on Monday, July 23 by JP Morgan. As per Monday, September 17, the company rating was maintained by Bank of America. On Tuesday, August 21 the stock rating was upgraded by Wells Fargo to “Outperform”. Below is a list of Ares Management Corporation (NYSE:ARES) latest ratings and price target changes.

14/11/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $25 New Target: $22 Maintain
09/10/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $24 New Target: $25 Maintain
17/09/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $26 New Target: $27 Maintain
21/08/2018 Broker: Wells Fargo Old Rating: Market Perform New Rating: Outperform Upgrade
23/07/2018 Broker: JP Morgan Old Rating: Overweight New Rating: Neutral Old Target: $23 Downgrade

The stock decreased 3.38% or $0.75 during the last trading session, reaching $21.46. About 637,251 shares traded or 11.53% up from the average. Ares Management Corporation (NYSE:ARES) has risen 15.41% since December 8, 2017 and is uptrending. It has underperformed by 0.21% the S&P500.

Ares Management, L.P. operates as an alternative asset manager in the United States, Europe, and Asia. The company has market cap of $2.18 billion. The companyÂ’s Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets. It has a 34.95 P/E ratio. The Company’s Direct Lending Group segment provides financing solutions to small-to-medium sized companies.

More notable recent Ares Management Corporation (NYSE:ARES) news were published by: Businesswire.com which released: “Ares Management Corporation To Present at the Goldman Sachs U.S. Financial Services Conference 2018 – Business Wire” on November 29, 2018, also Seekingalpha.com with their article: “Ares Management closes real estate fund at $1.04B – Seeking Alpha” published on December 05, 2018, Seekingalpha.com published: “Stocks To Watch: Favorable Trade Winds? – Seeking Alpha” on December 01, 2018. More interesting news about Ares Management Corporation (NYSE:ARES) were released by: Streetinsider.com and their article: “Form 8-K ARES MANAGEMENT LP For: Nov 14 – StreetInsider.com” published on November 15, 2018 as well as Globenewswire.com‘s news article titled: “Teligent, Inc. Announces $120 Million Financing Commitment From Ares – GlobeNewswire” with publication date: November 13, 2018.

Ares Management Corporation (NYSE:ARES) Ratings Chart

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