Ares Management (ARES) Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ares Management in the last twelve months. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ARES shares.
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11 brokerages have issued twelve-month price objectives for Ares Management's shares. Their ARES share price forecasts range from $95.00 to $126.00. On average, they expect the company's stock price to reach $105.00 in the next year. This suggests a possible upside of 0.4% from the stock's current price.
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Ares Management's stock was trading at $68.44 at the beginning of the year. Since then, ARES shares have increased by 52.8% and is now trading at $104.56.
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Ares Management saw a decrease in short interest in the month of August. As of August 15th, there was short interest totaling 3,970,000 shares, a decrease of 5.3% from the July 31st total of 4,190,000 shares. Based on an average daily trading volume, of 1,010,000 shares, the days-to-cover ratio is currently 3.9 days. Approximately 2.7% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our ARES earnings forecast.

Ares Management Co. (NYSE:ARES) announced its quarterly earnings data on Tuesday, August, 1st. The asset manager reported $0.90 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.05. The asset manager earned $1.09 billion during the quarter, compared to the consensus estimate of $725.82 million. Ares Management had a trailing twelve-month return on equity of 17.56% and a net margin of 8.79%. During the same period last year, the firm earned $0.74 EPS.

Ares Management declared a quarterly dividend on Tuesday, August 1st. Stockholders of record on Friday, September 15th will be given a dividend of $0.77 per share on Friday, September 29th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date is Thursday, September 14th.
Read our dividend analysis for ARES.

ETFs with the largest weight of Ares Management (NYSE:ARES) stock in their portfolio include Invesco Dorsey Wright Financial Momentum ETF (PFI), First Trust Dorsey Wright Momentum & Dividend ETF (DDIV), BNY Mellon Innovators ETF (BKIV), SPDR S&P Capital Markets ETF (KCE), FIS Biblically Responsible Risk Managed ETF (PRAY), Global X Founder-Run Companies ETF (BOSS), WisdomTree U.S. MidCap Dividend Fund (DON) and Invesco Dorsey Wright Momentum ETF (PDP).

Ares Management (NYSE:ARES) pays an annual dividend of $3.08 per share and currently has a dividend yield of 2.95%. 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 188.96%. 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 62.22% 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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (3.77%), Capital World Investors (3.33%), Bank of New York Mellon Corp (1.23%), Boston Partners (1.06%), Franklin Resources Inc. (1.05%) and State Street Corp (1.01%). 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 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 $104.56.

Ares Management (NYSE:ARES) has a market capitalization of $31.84 billion and generates $3.06 billion in revenue each year. The asset manager earns $167.54 million in net income (profit) each year or $1.63 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.