Ares Management, L.P. operates as an alternative asset manager in the United States, Europe, and Asia. The company'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. Its Direct Lending Group segment provides financing solutions to small-to-medium sized companies. The company's Private Equity Group segment focuses on majority or shared-control investments primarily in under-capitalized companies. Its Real Estate Group segment invests in new developments and the repositioning of assets, with a focus on control or majority-control investments; and originates and invests in a range of self-originated financing opportunities for middle-market owners and operators of commercial real estate. Ares Management, L.P. was founded in 1997 and is headquartered in Los Angeles, California with additional offices in the United States, Europe and Asia. Ares Management GP LLC is the general partner of the company.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Investment advice
Sub-IndustryN/A
SectorFinance
SymbolNYSE:ARES
CUSIPN/A
Phone310-201-4100
Debt
Debt-to-Equity Ratio0.41
Current Ratio1.04
Quick Ratio1.04
Price-To-Earnings
Trailing P/E Ratio11.01
Forward P/E Ratio13.38
P/E Growth1.54
Sales & Book Value
Annual Sales$1.42 billion
Price / Sales1.46
Cash Flow$5.3846 per share
Price / Cash3.90
Book Value$14.13 per share
Price / Book1.49
Profitability
EPS (Most Recent Fiscal Year)$1.93
Net Income$76.17 million
Net Margins8.70%
Return on Equity30.98%
Return on Assets4.16%
Miscellaneous
Employees1,000
Outstanding Shares98,400,000
Market Cap$2.08 billion
Ares Management LP Unit (NYSE:ARES) Frequently Asked Questions
What is Ares Management LP Unit's stock symbol?
Ares Management LP Unit trades on the New York Stock Exchange (NYSE) under the ticker symbol "ARES."
How often does Ares Management LP Unit pay dividends? What is the dividend yield for Ares Management LP Unit?
Ares Management LP Unit announced a quarterly dividend on Thursday, August 2nd. Investors of record on Friday, September 14th will be paid a dividend of $0.28 per share on Friday, September 28th. This represents a $1.12 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date of this dividend is Thursday, September 13th. View Ares Management LP Unit's Dividend History.
How were Ares Management LP Unit's earnings last quarter?
Ares Management LP Unit (NYSE:ARES) posted its earnings results on Thursday, August, 2nd. The asset manager reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.40 by $0.06. The asset manager earned $204.20 million during the quarter, compared to analysts' expectations of $320.11 million. Ares Management LP Unit had a return on equity of 30.98% and a net margin of 8.70%. The company's revenue for the quarter was down 63.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 earnings per share. View Ares Management LP Unit's Earnings History.
When is Ares Management LP Unit's next earnings date?
What price target have analysts set for ARES?
9 brokers have issued twelve-month target prices for Ares Management LP Unit's shares. Their predictions range from $23.00 to $33.00. On average, they expect Ares Management LP Unit's share price to reach $26.6667 in the next year. This suggests a possible upside of 27.0% from the stock's current price. View Analyst Price Targets for Ares Management LP Unit.
What is the consensus analysts' recommendation for Ares Management LP Unit?
9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ares Management LP Unit in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ares Management LP Unit.
Are investors shorting Ares Management LP Unit?
Ares Management LP Unit saw a decrease in short interest in July. As of July 31st, there was short interest totalling 256,628 shares, a decrease of 64.9% from the July 13th total of 730,280 shares. Based on an average daily volume of 558,412 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the company's stock are sold short. View Ares Management LP Unit's Current Options Chain.
Who are some of Ares Management LP Unit's key competitors?
Some companies that are related to Ares Management LP Unit include Affiliated Managers Group (AMG), Apollo Global Management LLC Class A (APO), Lazard (LAZ), Oaktree Capital Group (OAK), Eaton Vance (EV), Morningstar (MORN), Janus Henderson Group (JHG), Evercore (EVR), MAN Grp PLC/ADR (MNGPY), Moelis & Co (MC), Houlihan Lokey (HLI), AllianceBernstein (AB), Financial Engines (FNGN), Legg Mason (LM) and Artisan Partners Asset Management (APAM).
Who are Ares Management LP Unit's key executives?
Ares Management LP Unit's management team includes the folowing people:
- Mr. Antony Peter Ressler, Co-founder & Exec. Chairman of Ares Management GP LLC (Age 57)
- Mr. Michael J. Arougheti, Co-Founder, Pres, CEO & Director of Ares Management GP LLC (Age 46)
- Mr. David B. Kaplan, Co-Founder, Partner & Director of Ares Management GP LLC (Age 51)
- Mr. John Harold Kissick, Co-Founder, Partner & Director (Age 76)
- Mr. Bennett Rosenthal, Co-Founder, Director, Partner & Co-Head of Private Equity Group (Age 55)
Has Ares Management LP Unit been receiving favorable news coverage?
News articles about ARES stock have trended somewhat positive recently, Accern reports. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ares Management LP Unit earned a media and rumor sentiment score of 0.10 on Accern's scale. They also assigned news stories about the asset manager an impact score of 45.54 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term. View Recent Headlines for Ares Management LP Unit.
Who are Ares Management LP Unit's major shareholders?
Ares Management LP Unit's stock is owned by a number of of retail and institutional investors. Top institutional investors include Royce & Associates LP (4.41%), FMR LLC (2.71%), American Century Companies Inc. (1.71%), Federated Investors Inc. PA (1.31%), OppenheimerFunds Inc. (1.01%) and Millennium Management LLC (0.81%). View Institutional Ownership Trends for Ares Management LP Unit.
Which institutional investors are selling Ares Management LP Unit stock?
Which institutional investors are buying Ares Management LP Unit stock?
ARES stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Royce & Associates LP, Federated Investors Inc. PA, American Century Companies Inc., Algebris UK Ltd, Boston Advisors LLC, Tradition Capital Management LLC and Bank of America Corp DE. View Insider Buying and Selling for Ares Management LP Unit.
How do I buy shares of Ares Management LP Unit?
Shares of ARES can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Ares Management LP Unit's stock price today?
One share of ARES stock can currently be purchased for approximately $21.00.
How big of a company is Ares Management LP Unit?
Ares Management LP Unit has a market capitalization of $2.08 billion and generates $1.42 billion in revenue each year. The asset manager earns $76.17 million in net income (profit) each year or $1.93 on an earnings per share basis. Ares Management LP Unit employs 1,000 workers across the globe.
How can I contact Ares Management LP Unit?
Ares Management LP Unit's mailing address is 2000 AVE OF THE STARS 12TH FLOOR, LOS ANGELES CA, 90067. The asset manager can be reached via phone at 310-201-4100 or via email at [email protected]
MarketBeat Community Rating for Ares Management LP Unit (NYSE ARES)
MarketBeat's community ratings are surveys of what our community members think about Ares Management LP Unit and other stocks. Vote "Outperform" if you believe ARES will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ARES will underperform the S&P 500 over the long term. You may vote once every thirty days.
