Ares Management L.P. Company Profile (NYSE:ARES)

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

Ares Management L.P. declared a quarterly dividend on Friday, August 4th. Investors of record on Friday, August 18th will be paid a dividend of $0.31 per share on Friday, September 1st. This represents a $1.24 annualized dividend and a yield of 6.68%. The ex-dividend date of this dividend is Wednesday, August 16th. This is a boost from Ares Management L.P.'s previous quarterly dividend of $0.13. View Ares Management L.P.'s Dividend History.

Ares Management L.P. (NYSE:ARES) issued its quarterly earnings data on Friday, August, 4th. The company reported $0.69 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.69. The business earned $554 million during the quarter, compared to analyst estimates of $442.10 million. Ares Management L.P. had a return on equity of 40.94% and a net margin of 5.86%. The company's quarterly revenue was up 49.9% on a year-over-year basis. During the same quarter last year, the company earned $0.40 earnings per share. View Ares Management L.P.'s Earnings History.

Ares Management L.P. is scheduled to release their next quarterly earnings announcement on Friday, November, 3rd 2017. View Earnings Estimates for Ares Management L.P..

8 equities research analysts have issued 12 month price targets for Ares Management L.P.'s stock. Their forecasts range from $18.00 to $25.00. On average, they expect Ares Management L.P.'s share price to reach $21.00 in the next year. View Analyst Ratings for Ares Management L.P..

Here are some recent quotes from research analysts about Ares Management L.P. stock:

• 1. According to Zacks Investment Research, "Ares Management, L.P. is a global alternative asset manager. It manages four investment groups that invest in the tradable credit, direct lending, and private equity and real estate markets. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts. 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; 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. is headquartered in Los Angeles. " (10/20/2017)
• 2. SunTrust Banks, Inc. analysts commented, "We reiterate our Buy rating on ARES shares following a solid quarter that was helped by strong investment returns and performance fee income. We have increased our PT to $25 from $20, which equals 14x 2017E ENI and reflects FEAUM growth and margin expansion following the ACOF V activation and ARCC/ACAS merger. We have also increased our 2017 ENI estimate to $1.82 from $1.65, reflecting a higher accretion estimate for ACAS and expected incentive fee income from a highly profitable energy investment that should close in 2Q." (2/27/2017)

Some companies that are related to Ares Management L.P. include Artisan Partners Asset Management (APAM), Jupiter Fund Management PLC (JUP), Ashmore Group plc (ASHM), AllianceBernstein Holding L.P. (AB), Financial Engines (FNGN), The Carlyle Group L.P. (CG), Cohen & Steers (CNS), OM Asset Management PLC (OMAM), WisdomTree Investments (WETF), Rathbone Brothers plc (RAT), Brewin Dolphin Holdings plc (BRW), Virtus Investment Partners (VRTS), Pzena Investment Management (PZN), Hamilton Lane (HLNE), Polar Capital Holdings plc (POLR), Mortgage Advice Bureau (Holdings) PLC (MAB1), Liontrust Asset Management PLC (LIO) and Premier Asset Management Group PLC (PAM).

Ares Management L.P.'s management team includes the folowing people:

• Antony P. Ressler, Chairman of the Board, Chief Executive Officer, Co-Founder of Ares Management GP LLC
• Michael J. Arougheti, Director, Co-Founder, President - Ares Management GP LLC, Ares' general partner
• David B. Kaplan, Director, Co-Founder, Senior Partner, Co-Head of Private Equity Group of Ares Management GP LLC
• John H. Kissick, Director, Co-Founder, Senior Partner of Ares Management GP LLC
• Bennett Rosenthal, Director, Co-Founder, Senior Partner, Co-Head of Private Equity Group of Ares Management GP LLC
• Michael R. McFerran, Chief Financial Officer, Executive Vice President, Treasurer
• Michael D. Weiner, Executive Vice President, Chief Legal Officer & Secretary
• Paul G. Joubert CPA, Independent Director of Ares Management GP LLC
• Michael M. Lynton, Independent Director of Ares Management GP LLC
• Judy D. Olian Ph.D., Independent Director of Ares Management GP LLC

Shares of Ares Management L.P. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Ares Management L.P. stock can currently be purchased for approximately $18.55.