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NYSE:ARES - Ares Management Stock Price, Forecast & News

$33.60
-0.05 (-0.15 %)
(As of 12/11/2019 04:00 PM ET)
Today's Range
$33.50
Now: $33.60
$33.88
50-Day Range
$28.18
MA: $31.66
$33.54
52-Week Range
$16.18
Now: $33.60
$33.88
Volume329,393 shs
Average Volume717,563 shs
Market Capitalization$3.86 billion
P/E Ratio23.66
Dividend Yield3.80%
Beta1.5
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. Read More…

Industry, Sector and Symbol

Industry Investment advice
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone310-201-4100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$958.46 million
Cash Flow$3.75 per share
Book Value$10.80 per share

Profitability

Net Income$57.02 million

Miscellaneous

Employees1,100
Market Cap$3.86 billion
Next Earnings Date2/13/2020 (Estimated)
OptionableOptionable

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Ares Management (NYSE:ARES) Frequently Asked Questions

What is Ares Management's stock symbol?

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

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

Ares Management announced a dividend on Thursday, October 31st. Investors of record on Tuesday, December 17th will be given a dividend of $0.32 per share on Tuesday, December 31st. The ex-dividend date of this dividend is Monday, December 16th. This is a boost from Ares Management's previous dividend of $0.09. View Ares Management's Dividend History.

How were Ares Management's earnings last quarter?

Ares Management Corp (NYSE:ARES) issued its quarterly earnings results on Thursday, October, 31st. The asset manager reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by $0.03. The asset manager earned $466.49 million during the quarter, compared to analyst estimates of $312.15 million. Ares Management had a net margin of 7.76% and a return on equity of 18.98%. Ares Management's quarterly revenue was up 93.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 earnings per share. View Ares Management's Earnings History.

When is Ares Management's next earnings date?

Ares Management is scheduled to release their next quarterly earnings announcement on Thursday, February 13th 2020. View Earnings Estimates for Ares Management.

What price target have analysts set for ARES?

8 Wall Street analysts have issued 12-month price targets for Ares Management's shares. Their forecasts range from $20.00 to $37.00. On average, they expect Ares Management's share price to reach $29.43 in the next twelve months. This suggests that the stock has a possible downside of 12.4%. View Analyst Price Targets for Ares Management.

What is the consensus analysts' recommendation for Ares Management?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ares Management in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ares Management.

Has Ares Management been receiving favorable news coverage?

News stories about ARES stock have trended somewhat positive recently, InfoTrie reports. The research firm rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Ares Management earned a news sentiment score of 2.0 on InfoTrie's scale. They also assigned headlines about the asset manager a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Ares Management.

Are investors shorting Ares Management?

Ares Management saw a increase in short interest in November. As of November 29th, there was short interest totalling 4,460,000 shares, an increase of 22.5% from the November 14th total of 3,640,000 shares. Based on an average daily volume of 615,000 shares, the days-to-cover ratio is currently 7.3 days. Approximately 5.3% of the shares of the stock are sold short. View Ares Management's Current Options Chain.

Who are some of Ares Management's key competitors?

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 General Electric (GE), AT&T (T), Intel (INTC), JPMorgan Chase & Co. (JPM), DowDuPont (DWDP), Energy Transfer LP Unit (ET), Bank of America (BAC), Wells Fargo & Co (WFC), Cisco Systems (CSCO) and Alibaba Group (BABA).

Who are Ares Management's key executives?

Ares Management's management team includes the folowing people:
  • Mr. Antony Peter Ressler, Co-founder & Exec. Chairman (Age 58)
  • Mr. Michael J. Arougheti, Co-Founder, CEO, Pres & Director (Age 47)
  • Mr. David B. Kaplan, Co-Founder, Partner & Director (Age 52)
  • Mr. John Harold Kissick, Co-Founder, Partner & Director (Age 77)
  • Mr. Bennett Rosenthal, Co-Founder, Partner & Director (Age 56)

Who are Ares Management's major shareholders?

Ares Management's stock is owned by a variety of of institutional and retail investors. Top institutional investors include State Street Corp (1.16%), PM CAPITAL Ltd (0.82%), Millennium Management LLC (0.74%), Vaughan Nelson Investment Management L.P. (0.56%), Phoenix Holdings Ltd. (0.35%) and California Public Employees Retirement System (0.13%). Company insiders that own Ares Management stock include Ares Management Llc, Michael D Weiner, Michael J Arougheti, Michael R Mcferran and R Kipp Deveer. View Institutional Ownership Trends for Ares Management.

Which major investors are selling Ares Management stock?

ARES stock was sold by a variety of institutional investors in the last quarter, including PM CAPITAL Ltd, Vaughan Nelson Investment Management L.P., Yorktown Management & Research Co Inc, Tradition Asset Management LLC, Barclays PLC, Janney Montgomery Scott LLC and Guinness Asset Management Ltd. Company insiders that have sold Ares Management company stock in the last year include Ares Management Llc, Michael D Weiner, Michael J Arougheti and R Kipp Deveer. View Insider Buying and Selling for Ares Management.

Which major investors are buying Ares Management stock?

ARES stock was acquired by a variety of institutional investors in the last quarter, including Millennium Management LLC, Phoenix Holdings Ltd., Point72 Asset Management L.P., California Public Employees Retirement System, State Street Corp, Strs Ohio, State of New Jersey Common Pension Fund D and Penserra Capital Management LLC. View Insider Buying and Selling for Ares Management.

How do I buy shares of Ares Management?

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, Robinhood, Fidelity and Charles Schwab.

What is Ares Management's stock price today?

One share of ARES stock can currently be purchased for approximately $33.60.

How big of a company is Ares Management?

Ares Management has a market capitalization of $3.86 billion and generates $958.46 million in revenue each year. The asset manager earns $57.02 million in net income (profit) each year or $1.42 on an earnings per share basis. Ares Management employs 1,100 workers across the globe.View Additional Information About Ares Management.

What is Ares Management's official website?

The official website for Ares Management is http://www.aresmgmt.com/.

How can I contact Ares Management?

Ares Management'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 (NYSE ARES)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  456 (Vote Outperform)
Underperform Votes:  350 (Vote Underperform)
Total Votes:  806
MarketBeat's community ratings are surveys of what our community members think about Ares Management 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.
This page was last updated on 12/11/2019 by MarketBeat.com Staff

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