Ares Management (ARES) Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ares Management in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ARES shares.
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10 brokerages have issued twelve-month target prices for Ares Management's stock. Their ARES share price forecasts range from $88.00 to $108.00. On average, they expect the company's share price to reach $97.44 in the next year. This suggests a possible upside of 7.3% from the stock's current price.
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Ares Management's stock was trading at $68.44 at the beginning of 2023. Since then, ARES shares have increased by 32.7% and is now trading at $90.80.
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Ares Management saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 4,320,000 shares, a decrease of 10.4% from the April 30th total of 4,820,000 shares. Based on an average daily trading volume, of 1,010,000 shares, the days-to-cover ratio is currently 4.3 days. Approximately 3.0% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our ARES earnings forecast.

Ares Management Co. (NYSE:ARES) released its earnings results on Friday, April, 28th. The asset manager reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.82 by $0.11. The asset manager earned $813.36 million during the quarter, compared to the consensus estimate of $694.04 million. Ares Management had a net margin of 6.84% and a trailing twelve-month return on equity of 16.79%. During the same quarter in the previous year, the business earned $0.65 EPS.

Ares Management declared a quarterly dividend on Friday, April 28th. Shareholders of record on Friday, June 16th will be paid a dividend of $0.77 per share on Friday, June 30th. This represents a $3.08 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Thursday, June 15th.
Read our dividend analysis for ARES.

ETFs with the largest weight of Ares Management (NYSE:ARES) stock in their portfolio include SPDR S&P Capital Markets ETF (KCE), Global X Founder-Run Companies ETF (BOSS), FIS Biblically Responsible Risk Managed ETF (PRAY), ERShares Entrepreneurs ETF (ENTR), SoFi Next 500 ETF (SFYX), Timothy Plan High Dividend Stock ETF (TPHD), Timothy Plan High Dividend Stock Enhanced ETF (TPHE) and WisdomTree U.S. MidCap Dividend Fund (DON).

Ares Management (NYSE:ARES) pays an annual dividend of $3.08 per share and currently has a dividend yield of 3.46%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 280.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ARES will have a dividend payout ratio of 65.53% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ARES.

18 employees have rated Ares Management Chief Executive Officer Michael Arougheti on Glassdoor.com. Michael Arougheti has an approval rating of 100% among the company's employees. This puts Michael Arougheti in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ares Management investors own include Intel (INTC), AT&T (T), General Electric (GE), JPMorgan Chase & Co. (JPM), Cisco Systems (CSCO), Wells Fargo & Company (WFC), Verizon Communications (VZ), Bank of America (BAC), QUALCOMM (QCOM) and Alibaba Group (BABA).

Ares Management trades on the New York Stock Exchange (NYSE) under the ticker symbol "ARES."

Ares Management's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Wellington Management Group LLP (5.94%), BlackRock Inc. (3.58%), Boston Partners (1.08%), Franklin Resources Inc. (1.07%), State Street Corp (0.99%) and Bank of New York Mellon Corp (0.99%). Insiders that own company stock include Aghili Naseem Sagati, Antoinette Cook Bush, Antony P Ressler, Ares Capital Management Ii Llc, Ares Management Llc, Bennett Rosenthal, Corporate Opportunities F Ares, David B Kaplan, David B Kaplan, Judy D Olian, Michael J Arougheti, Michael J Arougheti, Michael R Mcferran, R Kipp Deveer and Ryan Berry.
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Shares of ARES stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ARES stock can currently be purchased for approximately $90.80.

Ares Management (NYSE:ARES) has a market capitalization of $27.46 billion and generates $3.06 billion in revenue each year. The asset manager earns $167.54 million in net income (profit) each year or $1.10 on an earnings per share basis.

The company employs 2,550 workers across the globe.

Ares Management's mailing address is 2000 AVE OF THE STARS 12TH FLOOR, LOS ANGELES CA, 90067. The official website for the company is www.aresmgmt.com. The asset manager can be reached via phone at (310) 201-4100, via email at cdrake@aresmgmt.com, or via fax at 310-201-4170.