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

Ares Management's stock was trading at $30.26 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, ARES stock has decreased by 1.8% and is now trading at $29.71. View which stocks have been mosted impacted by Coronavirus.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ares Management in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Ares Management.

Ares Management is scheduled to release its next quarterly earnings announcement on Thursday, May 7th 2020. View our earnings forecast for Ares Management.

Ares Management Corp (NYSE:ARES) issued its earnings results on Thursday, February, 13th. The asset manager reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.50 by $0.17. The asset manager had revenue of $484.45 million for the quarter, compared to analysts' expectations of $424.84 million. Ares Management had a return on equity of 15.65% and a net margin of 8.43%. View Ares Management's earnings history.

Ares Management announced a quarterly dividend on Friday, February 14th. Investors of record on Tuesday, March 17th will be given a dividend of $0.40 per share on Tuesday, March 31st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.39%. The ex-dividend date of this dividend is Monday, March 16th. This is a boost from Ares Management's previous quarterly dividend of $0.32. View Ares Management's dividend history.

9 brokerages have issued 12-month target prices for Ares Management's shares. Their forecasts range from $25.00 to $50.00. On average, they anticipate Ares Management's share price to reach $38.50 in the next twelve months. This suggests a possible upside of 29.6% from the stock's current price. View analysts' price targets for Ares Management.

Press coverage about ARES stock has been trending very negative this week, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Ares Management earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned news coverage about the asset manager a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutAres Management.

Ares Management saw a drop in short interest during the month of February. As of February 28th, there was short interest totaling 2,510,000 shares, a drop of 7.4% from the February 13th total of 2,710,000 shares. Based on an average trading volume of 582,700 shares, the days-to-cover ratio is presently 4.3 days. Approximately 2.9% of the company's shares are sold short. View Ares Management's Current Options Chain.

Some companies that are related to Ares Management include KKR & Co Inc (KKR), Ameriprise Financial (AMP), Franklin Resources (BEN), Apollo Global Management (APO), The Carlyle Group (CG), Oaktree Capital Group LLC Unit (OAK), Morningstar (MORN), Invesco (IVZ), Legg Mason (LM), Eaton Vance (EV), Houlihan Lokey (HLI), Hamilton Lane (HLNE), MAN GRP PLC/ADR (MNGPY), Janus Henderson Group (JHG) and Affiliated Managers Group (AMG).

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), Alibaba Group (BABA), Bank of America (BAC), Energy Transfer LP Unit (ET), Wells Fargo & Co (WFC), Verizon Communications (VZ) and Cisco Systems (CSCO).

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 investors include Capital World Investors (8.88%), Capital International Investors (5.74%), Royce & Associates LP (2.83%), William Blair Investment Management LLC (2.25%), Alliancebernstein L.P. (2.23%) and 1832 Asset Management L.P. (1.55%). 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.

ARES stock was sold by a variety of institutional investors in the last quarter, including Royce & Associates LP, Goldman Sachs Group Inc., Alliancebernstein L.P., Renaissance Technologies LLC, PM CAPITAL Ltd, Vaughan Nelson Investment Management L.P., Loomis Sayles & Co. L P, and Penserra Capital Management LLC. 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 activity for Ares Management.

ARES stock was bought by a variety of institutional investors in the last quarter, including William Blair Investment Management LLC, Peregrine Capital Management LLC, Bank of America Corp DE, Nuveen Asset Management LLC, Marshall Wace North America L.P., Franklin Resources Inc., Franklin Resources Inc., and First Trust Advisors LP. View insider buying and selling activity for 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.

One share of ARES stock can currently be purchased for approximately $29.71.

Ares Management has a market capitalization of $3.53 billion and generates $1.77 billion in revenue each year. The asset manager earns $148.88 million in net income (profit) each year or $1.67 on an earnings per share basis. Ares Management employs 1,200 workers across the globe. View additional information about Ares Management.

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

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]