After this afternoon's 3.7% surge to $100.27 per share, Ares Management might just keep moving past its target price of $100.73. With an average analyst rating of buy, and target prices from $89.0 to $111.0, the stock's next move is anyone's guess.
The stock has an average amount of shares sold short at 3.5%, and a short ratio of 3.99. The company's insiders own 18.07% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 76.2% of Ares Management's shares being owned by this investor type.
Institutions Invested in Ares Management
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Wellington Management Group, LLP | 10% | 17,634,391 | $1,768,200,326 |
| 2023-03-31 | Vanguard Group, Inc. (The) | 8% | 14,977,336 | $1,501,777,430 |
| 2023-03-31 | Sumitomo Mitsui Financial Group, Inc. | 7% | 13,364,740 | $1,340,082,434 |
| 2023-03-31 | Blackrock Inc. | 6% | 10,618,459 | $1,064,712,848 |
| 2023-03-31 | Capital World Investors | 6% | 10,060,448 | $1,008,761,087 |
| 2023-03-31 | Capital International Investors | 4% | 6,585,110 | $660,288,957 |
| 2023-03-31 | HMI Capital Management, LP | 2% | 3,818,853 | $382,916,377 |
| 2023-03-31 | Boston Partners | 2% | 3,211,852 | $322,052,389 |
| 2023-03-31 | Franklin Resources, Inc. | 2% | 3,176,937 | $318,551,462 |
| 2023-03-31 | State Street Corporation | 2% | 3,002,715 | $301,082,222 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Ares Management.
