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About Ares Management (NYSE:ARES)
Ares Management, L.P. 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. Ares Management, L.P. 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.
Industry, Sector and Symbol
Industry Investment advice
Sub-IndustryN/A
SectorFinance
SymbolNYSE:ARES
CUSIPN/A
Phone310-201-4100
Debt
Debt-to-Equity Ratio0.58
Current Ratio0.16
Quick Ratio0.16
Price-To-Earnings
Trailing P/E Ratio11.17
Forward P/E Ratio13.14
P/E Growth1.63
Sales & Book Value
Annual Sales$1.42 billion
Price / Sales1.48
Cash Flow$5.4010 per share
Price / Cash3.99
Book Value$12.99 per share
Price / Book1.66
Profitability
EPS (Most Recent Fiscal Year)$1.93
Net Income$76.17 million
Net Margins10.99%
Return on Equity38.94%
Return on Assets5.53%
Miscellaneous
Employees1,000
Outstanding Shares97,520,000
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 quarterly dividend on Friday, May 4th. Stockholders of record on Friday, June 15th will be given a dividend of $0.28 per share on Friday, June 29th. This represents a $1.12 annualized dividend and a dividend yield of 5.20%. The ex-dividend date is Thursday, June 14th. This is a boost from Ares Management's previous quarterly dividend of $0.09. View Ares Management's Dividend History.
How were Ares Management's earnings last quarter?
Ares Management (NYSE:ARES) posted its quarterly earnings results on Thursday, May, 3rd. The asset manager reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.01. The asset manager earned $317 million during the quarter, compared to the consensus estimate of $267.10 million. Ares Management had a net margin of 10.99% and a return on equity of 38.94%. The company's revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 earnings per share. View Ares Management's Earnings History.
When is Ares Management's next earnings date?
What price target have analysts set for ARES?
8 brokerages have issued 12 month price targets for Ares Management's stock. Their forecasts range from $24.00 to $33.00. On average, they anticipate Ares Management's share price to reach $27.40 in the next year. View Analyst Ratings for Ares Management.
Who are some of Ares Management's key competitors?
Some companies that are related to Ares Management include Lazard (LAZ), Eaton Vance (EV), Henderson Group (JHG), Oaktree Capital Management (OAK), Apollo Global Management (APO), Morningstar (MORN), Evercore Partners (EVR), Man Group (MNGPY), Noah (NOAH), Legg Mason (LM), Moelis & Company (MC), Houlihan Lokey (HLI), Financial Engines (FNGN), AllianceBernstein (AB) and Federated Investors (FII).
Who are Ares Management's key executives?
Ares Management's management team includes the folowing people:
- Mr. Antony Peter Ressler, Co-founder & Exec. Chairman of Ares Management GP LLC (Age 57)
- Mr. Michael J. Arougheti, Co-Founder, Pres, CEO & Director of Ares Management GP LLC (Age 46)
- Mr. David B. Kaplan, Co-Founder, Partner & Director of Ares Management GP LLC (Age 51)
- Mr. John Harold Kissick, Co-Founder, Partner & Director (Age 76)
- Mr. Bennett Rosenthal, Co-Founder, Partner & Director of Ares Mgmt GP LLC (Age 55)
Has Ares Management been receiving favorable news coverage?
News headlines about ARES stock have been trending somewhat positive on Thursday, according to Accern. The research group identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Ares Management earned a news impact score of 0.08 on Accern's scale. They also gave media headlines about the asset manager an impact score of 44.94 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
Who are Ares Management's major shareholders?
Ares Management's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Alleghany Corp DE (11.78%), American Century Companies Inc. (1.76%), Millennium Management LLC (1.21%), PM CAPITAL Ltd (1.42%), OppenheimerFunds Inc. (1.18%) and Mendon Capital Advisors Corp (1.15%). View Institutional Ownership Trends for Ares Management.
Which major investors are selling Ares Management stock?
Which major investors are buying Ares Management stock?
ARES stock was bought by a variety of institutional investors in the last quarter, including Alleghany Corp DE, Millennium Management LLC, Mendon Capital Advisors Corp, Federated Investors Inc. PA, RMB Capital Management LLC, Jacobs Asset Management LLC, PM CAPITAL Ltd and Maltese 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, Scottrade, Fidelity and Charles Schwab.
What is Ares Management's stock price today?
One share of ARES stock can currently be purchased for approximately $21.55.
How big of a company is Ares Management?
Ares Management has a market capitalization of $2.11 billion and generates $1.42 billion in revenue each year. The asset manager earns $76.17 million in net income (profit) each year or $1.93 on an earnings per share basis. Ares Management employs 1,000 workers across the globe.
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 (ARES)
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.
Ares Management (NYSE:ARES) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
8 Wall Street analysts have issued ratings and price targets for Ares Management in the last 12 months. Their average twelve-month price target is $27.40, suggesting that the stock has a possible upside of 27.15%. The high price target for ARES is $33.00 and the low price target for ARES is $24.00. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.75 | 2.71 | 2.71 | 2.88 |
| Ratings Breakdown: | 0 Sell Rating(s)
2 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $27.40 | $25.00 | $24.50 | $21.00 |
| Price Target Upside: | 27.15% upside | 19.62% upside | 0.20% upside | 12.00% upside |
Ares Management (NYSE:ARES) Consensus Price Target History
Ares Management (NYSE:ARES) Analyst Ratings History
Show:
(Data available from 5/25/2016 forward)
Ares Management (NYSE:ARES) Dividend Information
Ares Management pays an annual dividend of $0.37 per share, with a dividend yield of 1.72%. ARES's next quarterly dividend payment will be made on Friday, June 29. Ares Management pays out 19.17% of its earnings out as a dividend.
| Next Dividend: | 6/29/2018 |
| Annual Dividend: | $0.37 |
| Dividend Yield: | 1.72% |
| Dividend Growth: | 39.10% (3 Year Average) |
| Payout Ratio(s): | 19.17% (Trailing 12 Months of Earnings)
22.56% (Based on This Year's Estimates)
19.17% (Based on Next Year's Estimates)
6.85% (Based on Cash Flow)
|
| Frequency: | Quarterly Dividend |
Ares Management (NYSE:ARES) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/4/2018 | quarterly | $0.28 | 5.15% | 6/14/2018 | 6/15/2018 | 6/29/2018 |
| 2/13/2018 | | $0.0930 | | 4/13/2018 | 4/16/2018 | 4/30/2018 |
| 2/15/2018 | | $0.40 | | 2/23/2018 | 2/26/2018 | 2/28/2018 |
| 11/6/2017 | quarterly | $0.41 | 8.72% | 11/16/2017 | 11/17/2017 | 12/1/2017 |
| 8/4/2017 | Quarterly | $0.31 | 6.81% | 8/16/2017 | 8/18/2017 | 9/1/2017 |
| 5/8/2017 | quarterly | $0.13 | 5.97% | 5/18/2017 | 5/22/2017 | 6/5/2017 |
| 2/24/2017 | quarterly | $0.28 | 4.82% | 3/8/2017 | 3/10/2017 | 3/24/2017 |
| 11/7/2016 | quarterly | $0.20 | 5.21% | 11/17/2016 | 11/21/2016 | 12/5/2016 |
| 8/10/2016 | quarterly | $0.28 | 6.57% | 8/19/2016 | 8/23/2016 | 9/6/2016 |
| 5/11/2016 | quarterly | $0.15 | 4.29% | 5/20/2016 | 5/24/2016 | 6/7/2016 |
| 3/1/2016 | quarterly | $0.20 | 6.61% | 3/10/2016 | 3/14/2016 | 3/28/2016 |
| 11/11/2015 | quarterly | $0.13 | 3.22% | 11/20/2015 | 11/24/2015 | 12/8/2015 |
| 8/12/2015 | quarterly | $0.26 | 5.47% | 8/21/2015 | 8/25/2015 | 9/8/2015 |
| 5/13/2015 | quarterly | $0.25 | 5.19% | 5/20/2015 | 5/22/2015 | 6/2/2015 |
| 3/5/2015 | quarterly | $0.24 | 4.88% | 3/12/2015 | 3/16/2015 | 3/24/2015 |
| 11/12/2014 | quarterly | $0.24 | 5.79% | 11/20/2014 | 11/24/2014 | 12/4/2014 |
| 8/14/2014 | special | $0.18 | | 8/21/2014 | 8/25/2014 | 8/29/2014 |
(Data available from 1/1/2013 forward)
Ares Management (NYSE ARES) Insider Trading and Institutional Ownership History
Institutional Ownership Percentage: 38.97%
Ares Management (NYSE ARES) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 12/15/2015 | Michael R Mcferran | CFO | Buy | 10,000 | $12.76 | $127,600.00 | 37,248 |  |
| 12/14/2015 | Michael D Weiner | EVP | Buy | 2,000 | $12.75 | $25,500.00 | 38,947 | |
| 12/11/2015 | Michael D Weiner | EVP | Buy | 3,000 | $13.59 | $40,770.00 | 36,947 | |
| 12/2/2015 | David B Kaplan | Insider | Buy | 8,025 | $14.41 | $115,640.25 | | |
| 12/1/2015 | David B Kaplan | Insider | Buy | 13,322 | $14.14 | $188,373.08 | | |
| 11/25/2015 | Michael J. Arougheti | insider | Buy | 5,993 | $14.11 | $84,561.23 | 87,086 | |
| 11/24/2015 | Michael J. Arougheti | insider | Buy | 5,993 | $13.99 | $83,842.07 | 87,086 | |
| 11/23/2015 | Michael J. Arougheti | insider | Buy | 100 | $13.99 | $1,399.00 | 87,086 | |
| 11/20/2015 | Bennett Rosenthal | Insider | Buy | 91,666 | $13.82 | $1,266,824.12 | | |
| 11/19/2015 | Michael D. Weiner | EVP | Buy | 5,000 | $13.81 | $69,050.00 | 33,947 | |
| 12/5/2014 | Judy D Olian | Director | Buy | 1,800 | $16.69 | $30,042.00 | | |
| 6/11/2014 | Paul G Joubert | Director | Buy | 10,000 | $18.96 | $189,600.00 | | |
(Data available from 1/1/2013 forward)
Ares Management (NYSE ARES) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Floor & Decor Holdings announces common stock offering
seekingalpha.com - May 24 at 3:14 PM |
 | Valet Living Welcomes Regulations to Protect the Future of the Apartment Doorstep Collection Amenity
finance.yahoo.com - May 24 at 3:14 PM |
 | $0.40 EPS Expected for Ares Management (ARES) This Quarter
www.americanbankingnews.com - May 23 at 5:12 PM |
| Blackstone Could Convert to C-Corp as Soon as 2019, Analyst Says
finance.yahoo.com - May 22 at 3:07 PM |
| Blackstone Valuation May Jump 50% With C-Corp, Analyst Says
finance.yahoo.com - May 22 at 3:07 PM |
 | Great Rock Capital Expands Management Team
www.prnewswire.com - May 18 at 5:05 AM |
 | Hawaii, NY real estate execs partner to close on $345M IPO
www.bizjournals.com - May 18 at 5:05 AM |
| IG Investments Holdings, LLC -- Moody's downgrades IG Investment Holdings, LLC's CFR to B2; outlook stable
finance.yahoo.com - May 16 at 5:02 AM |
| EPIC Y -Grade Services, LP -- Moody's rates EPIC Y-Grade's term loan B3
finance.yahoo.com - May 15 at 3:02 PM |
| Apache Joins Strategic Alliance with EPIC & Noble Energy
finance.yahoo.com - May 15 at 5:20 AM |
| Ares Management Announces New Long-Term Partnership for Kleen Energy
finance.yahoo.com - May 15 at 5:20 AM |
| [$$] Ares to Manage Connecticut Power Plant for Japanese Companies
finance.yahoo.com - May 15 at 5:20 AM |
| Ares Management (ARES) Receives Average Rating of "Buy" from Analysts
www.americanbankingnews.com - May 13 at 5:35 AM |
| Biggest Surprises on Bloomberg's List of Highest-Paid CEOs
finance.yahoo.com - May 10 at 3:10 PM |
| Ares Capital Corp.: Solid Q1 Boosted By Higher Interest Rates
seekingalpha.com - May 10 at 5:01 AM |
| Midwest Physician Admin Svcs, LLC -- Moody's affirms Midwest Physician Admin Svcs, LLC's B2 CFR; outlook negative
finance.yahoo.com - May 9 at 3:13 PM |
| Oppenheimer Comments on Ares Management's Q2 2018 Earnings (ARES)
www.americanbankingnews.com - May 9 at 8:39 AM |
| Ares Management (ARES) PT Set at $30.00 by Oppenheimer
www.americanbankingnews.com - May 8 at 2:28 PM |
| Brokerages Anticipate Ares Management (ARES) Will Announce Quarterly Sales of $199.17 Million
www.americanbankingnews.com - May 8 at 3:56 AM |
| Ares Management’s Credit Group Highlights First Quarter Financing Commitments
finance.yahoo.com - May 7 at 8:00 AM |
| Q1 2019 EPS Estimates for Ares Management Decreased by Analyst (ARES)
www.americanbankingnews.com - May 7 at 4:38 AM |
| Ares Management (ARES) Expected to Post Earnings of $0.41 Per Share
www.americanbankingnews.com - May 6 at 8:11 AM |
 | Private equity firm KKR opts to become C-Corp after US tax reform
www.reuters.com - May 5 at 3:16 PM |
| Ares Management's (ARES) CEO Michael Arougheti on Q1 2018 Results - Earnings Call Transcript
seekingalpha.com - May 5 at 3:16 PM |
| Edited Transcript of ARES earnings conference call or presentation 3-May-18 4:00pm GMT
finance.yahoo.com - May 5 at 3:16 PM |
| Ares Management (ARES) Declares Quarterly Dividend of $0.28
www.americanbankingnews.com - May 4 at 6:29 PM |
| [$$] Ares, Oaktree Face Off Over Future of London Investment Trust
finance.yahoo.com - May 4 at 3:13 PM |
 | Oaktree Releases an Open Letter to Ranger Shareholders following Proposal from RDL Board to Appoint Ares as Investment Manager
www.businesswire.com - May 4 at 5:16 AM |
| Ares Management (ARES) Posts Earnings Results, Misses Estimates By $0.01 EPS
www.americanbankingnews.com - May 4 at 12:08 AM |
| Ares Management beats by $0.02, beats on revenue
seekingalpha.com - May 3 at 3:11 PM |
| Ares Management, L.P. Reports First Quarter 2018 Results
www.bizjournals.com - May 3 at 3:11 PM |
| Ares Management, L.P. 2018 Q1 - Results - Earnings Call Slides
seekingalpha.com - May 3 at 3:11 PM |
| Private equity firm KKR opts to become C-Corp after U.S. tax reform
finance.yahoo.com - May 3 at 3:11 PM |
| Ares Management: 1Q Earnings Snapshot
finance.yahoo.com - May 3 at 3:11 PM |
| Brokers Issue Forecasts for Ares Management's Q1 2018 Earnings (ARES)
www.americanbankingnews.com - May 3 at 7:50 AM |
| Ares Capital's (ARCC) CEO Kipp deVeer on Q1 2018 Results - Earnings Call Transcript
seekingalpha.com - May 3 at 5:13 AM |
| Ares Management (ARES) Research Coverage Started at CIBC
www.americanbankingnews.com - May 1 at 2:38 PM |
| Ares Management (ARES) Receives New Coverage from Analysts at Oppenheimer
www.americanbankingnews.com - April 30 at 5:16 PM |
| Ares CEO Arougheti Says Markets Have Become More Borrower Friendly
finance.yahoo.com - April 30 at 3:10 PM |
 | Michael Milken on Drexel's Legacy and Negotiating With Carl Icahn
www.bloomberg.com - April 28 at 3:05 PM |
| Ares Management (ARES) Scheduled to Post Earnings on Thursday
www.americanbankingnews.com - April 26 at 1:40 AM |
| Blackstone’s Hedge Fund Solutions Revenue Falls
finance.yahoo.com - April 25 at 3:10 PM |
| Blackstone’s Valuation, Post-1Q18 Earnings Release
finance.yahoo.com - April 25 at 3:10 PM |
 | Form DEF 14A Ares Dynamic Credit Allo For: Jun 12
www.streetinsider.com - April 24 at 3:11 PM |
| Admiral Permian Resources Closes Acquisition of 59000 Net Acres in West Texas
www.businesswire.com - April 24 at 3:11 PM |
| Ares Management adds to Europe office portfolio
seekingalpha.com - April 23 at 3:04 PM |
| Ares Management acquires a majority stake in Admiral
seekingalpha.com - April 23 at 3:04 PM |
| Ares Management (ARES) Expected to Post Quarterly Sales of $198.50 Million
www.americanbankingnews.com - April 21 at 4:50 AM |
| Ares Management (ARES) Given "Outperform" Rating at Keefe, Bruyette & Woods
www.americanbankingnews.com - April 19 at 11:52 PM |
| $0.38 EPS Expected for Ares Management (ARES) This Quarter
www.americanbankingnews.com - April 19 at 9:21 AM |
Ares Management (NYSE:ARES) SEC Filings
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Ares Management (NYSE:ARES) Income Statement, Balance Sheet and Cash Flow Statement
Ares Management (NYSE ARES) Stock Chart for Friday, May, 25, 2018
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