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NYSE:ARES

Ares Management (ARES) Stock Price, News & Analysis

$132.18
+2.65 (+2.05%)
(As of 02:39 PM ET)
Today's Range
$129.28
$132.51
50-Day Range
$129.33
$137.06
52-Week Range
$77.97
$139.48
Volume
311,710 shs
Average Volume
1.02 million shs
Market Capitalization
$40.92 billion
P/E Ratio
55.31
Dividend Yield
2.81%
Price Target
$126.17

Ares Management MarketRank™ Stock Analysis

Analyst Rating
Hold
2.42 Rating Score
Upside/​Downside
3.1% Downside
$126.17 Price Target
Short Interest
Healthy
1.71% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.03
Upright™ Environmental Score
News Sentiment
0.71mentions of Ares Management in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$199.05 M Sold Last Quarter
Proj. Earnings Growth
26.95%
From $4.49 to $5.70 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.81 out of 5 stars

Finance Sector

129th out of 850 stocks

Investment Advice Industry

10th out of 46 stocks

ARES stock logo

About Ares Management Stock (NYSE:ARES)

Ares Management Corporation 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. The firm was previously known as Ares Management, L.P. Ares Management Corporation 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.

ARES Stock Price History

ARES Stock News Headlines

This Apple-like Innovator is Revolutionizing Healthcare
AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing. Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.
This Apple-like Innovator is Revolutionizing Healthcare
AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing. Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.
Ares Management (NYSE:ARES) PT Raised to $160.00
See More Headlines
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Company Calendar

Last Earnings
2/08/2024
Ex-Dividend for 3/29 Dividend
3/14/2024
Dividend Payable
3/29/2024
Today
4/22/2024
Next Earnings (Confirmed)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Investment advice
Sub-Industry
N/A
Employees
2,850
Year Founded
1997

Price Target and Rating

Average Stock Price Target
$126.17
High Stock Price Target
$160.00
Low Stock Price Target
$96.00
Potential Upside/Downside
-3.9%
Consensus Rating
Hold
Rating Score (0-4)
2.42
Research Coverage
12 Analysts

Profitability

Net Income
$474.33 million
Pretax Margin
36.70%

Debt

Sales & Book Value

Annual Sales
$3.63 billion
Cash Flow
$3.12 per share
Book Value
$14.55 per share

Miscellaneous

Free Float
163,036,000
Market Cap
$40.66 billion
Optionable
Optionable
Beta
1.17

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Key Executives

Should I Buy Ares Management Stock? ARES Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Ares Management Co.:

  • Ares Management Co. reported strong earnings results, surpassing analysts' estimates, indicating a healthy financial performance.
  • The company has a diversified business model with segments focusing on tradable credit, direct lending, private equity, and real estate, providing investors exposure to various investment opportunities.
  • Ares Management Co. has shown consistent growth in its stock price, with a 12-month high of $139.48, reflecting positive investor sentiment.
  • The firm's focus on control or majority-control investments in under-capitalized companies through its Private Equity Group can potentially yield high returns for investors.
  • Ares Management Co. has a strong market presence with additional offices in the United States, Europe, and Asia, showcasing its global reach and potential for expansion.

Cons

Investors should be bearish about investing in Ares Management Co. for these reasons:

  • Despite the positive earnings results, Ares Management Co. has a relatively high price-to-earnings ratio of 56.05, which may indicate an overvalued stock compared to industry peers.
  • The company's debt-to-equity ratio of 0.69 suggests a moderate level of debt, which could pose risks in case of economic downturns or unfavorable market conditions.
  • Ares Management Co. operates in the investment advice industry, which is subject to market volatility and regulatory changes, impacting the company's financial performance.
  • The stock's beta of 1.18 indicates higher volatility compared to the market average, potentially leading to fluctuations in share price and increased risk for investors.
  • Investors should consider the company's 12-month low of $77.97 as a reference point, highlighting potential downside risks in case of market corrections or economic uncertainties.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, April 12, 2024. Please send any questions or comments about these Ares Management pros and cons to contact@marketbeat.com.

ARES Stock Analysis - Frequently Asked Questions

Should I buy or sell Ares Management stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ares Management in the last twelve months. There are currently 7 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ARES shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ARES, but not buy additional shares or sell existing shares.
View ARES analyst ratings
or view top-rated stocks.

What is Ares Management's stock price target for 2024?

12 brokers have issued twelve-month target prices for Ares Management's shares. Their ARES share price targets range from $96.00 to $160.00. On average, they predict the company's stock price to reach $126.17 in the next twelve months. This suggests that the stock has a possible downside of 3.1%.
View analysts price targets for ARES
or view top-rated stocks among Wall Street analysts.

How have ARES shares performed in 2024?

Ares Management's stock was trading at $118.92 at the beginning of the year. Since then, ARES stock has increased by 9.5% and is now trading at $130.21.
View the best growth stocks for 2024 here
.

Are investors shorting Ares Management?

Ares Management saw a increase in short interest in March. As of March 15th, there was short interest totaling 2,660,000 shares, an increase of 10.4% from the February 29th total of 2,410,000 shares. Based on an average daily volume of 935,000 shares, the short-interest ratio is presently 2.8 days. Currently, 1.7% of the shares of the stock are short sold.
View Ares Management's Short Interest
.

When is Ares Management's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our ARES earnings forecast
.

How can I listen to Ares Management's earnings call?

Ares Management will be holding an earnings conference call on Thursday, May 2nd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-220-2558.

How were Ares Management's earnings last quarter?

Ares Management Co. (NYSE:ARES) announced its quarterly earnings data on Thursday, February, 8th. The asset manager reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.11. The asset manager earned $1.05 billion during the quarter, compared to analysts' expectations of $862.71 million. Ares Management had a trailing twelve-month return on equity of 21.01% and a net margin of 13.06%. During the same quarter last year, the firm earned $1.21 earnings per share.

How often does Ares Management pay dividends? What is the dividend yield for Ares Management?

Ares Management announced a quarterly dividend on Thursday, February 8th. Investors of record on Friday, March 15th will be given a dividend of $0.93 per share on Friday, March 29th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Thursday, March 14th. This is an increase from the stock's previous quarterly dividend of $0.77.
Read our dividend analysis for ARES
.

Is Ares Management a good dividend stock?

Ares Management (NYSE:ARES) pays an annual dividend of $3.72 per share and currently has a dividend yield of 2.87%. The company has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 155.65%. 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 65.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ARES.

What is Michael Arougheti's approval rating as Ares Management's CEO?

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.

What other stocks do shareholders of Ares Management own?

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).

Who are Ares Management's major shareholders?

Ares Management's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Curated Wealth Partners LLC (0.00%), Perpetual Ltd (0.21%), Sumitomo Mitsui Trust Holdings Inc. (0.13%), MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH (0.11%), Vaughan Nelson Investment Management L.P. (0.05%) and Overbrook Management Corp (0.03%). Insiders that own company stock include Aghili Naseem Sagati, Antoinette Cook Bush, Antony P Ressler, Ares Capital Management Ii Llc, Ares Management Llc, Ashish Bhutani, Bennett Rosenthal, Corporate Opportunities F Ares, David B Kaplan, Judy D Olian, Michael J Arougheti, Michael R Mcferran, R Kipp Deveer and Ryan Berry.
View institutional ownership trends
.

How do I buy shares of Ares Management?

Shares of ARES stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:ARES) was last updated on 4/22/2024 by MarketBeat.com Staff

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