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Investing.com - Keefe, Bruyette & Woods raised its price target on Ares Management, L.P. (NYSE:ARES) to $203.00 from $193.00 on Monday, while maintaining an Outperform rating on the stock.
The investment firm’s decision came despite Ares reporting earnings that missed expectations. The company posted results that were $0.04 below Keefe, Bruyette & Woods’ estimates and $0.03 below consensus, primarily due to lower performance-related earnings.
Ares demonstrated strength in fundraising, securing $26.2 billion, which exceeded the consensus expectation of $23.1 billion. The company’s fee-paying assets under management also came in slightly higher than anticipated. For deeper insights into Ares’s financial health and growth metrics, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US stocks.
Keefe, Bruyette & Woods adjusted its 2025 and 2026 realized income per share estimates downward to reflect the company’s commentary regarding net performance income over these two years. However, the firm increased its performance income estimate for 2027, along with its 2027 realized income per share projection.
The price target increase reflects the firm’s continued confidence in Ares Management’s long-term outlook despite near-term performance income challenges.
In other recent news, Ares Management Corporation reported its second-quarter after-tax realized income per share at $1.03, which did not meet analyst expectations of $1.09. This development highlights the company’s performance in the latest quarter, reflecting a shortfall in earnings compared to projections. The report on earnings is a critical piece of information for investors as it provides insight into the company’s financial health. These recent developments in Ares Management’s financial results are essential for stakeholders to consider.
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