Ares Management stock is trading -5.26% below its average target price of $197.14 after dropping -4.4% during today's morning session. Analysts are giving the Large-Cap Asset Management company an average rating of buy and target prices ranging from $164.0 to $227.0 per share.
The stock has an average amount of shares sold short at 2.1%, and a short ratio of 3.84. The company's insiders own 13.12% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 83.9% of Ares Management's shares being owned by this investor type.
Institutions Invested in Ares Management
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Vanguard Group Inc | 9% | 17,899,961 | $3,343,175,792 |
| 2024-09-30 | Wellington Management Group, LLP | 9% | 17,145,631 | $3,202,289,575 |
| 2024-09-30 | Sumitomo Mitsui Financial Group, Inc. | 7% | 13,364,740 | $2,496,132,546 |
| 2024-09-30 | Blackrock Inc. | 6% | 12,805,456 | $2,391,675,071 |
| 2024-09-30 | Capital World Investors | 5% | 10,529,860 | $1,966,661,997 |
| 2024-09-30 | JP Morgan Chase & Company | 4% | 8,244,179 | $1,539,765,347 |
| 2024-09-30 | FMR, LLC | 3% | 6,301,709 | $1,176,970,216 |
| 2024-09-30 | Massachusetts Financial Services Co. | 3% | 5,059,771 | $945,013,451 |
| 2024-09-30 | Capital International Investors | 2% | 4,950,350 | $924,576,890 |
| 2024-09-30 | State Street Corporation | 2% | 3,826,479 | $714,671,499 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Ares Management.
