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
Stock Exchange NYSE
Industry Investment advice
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:ARES
Previous Symbol
CUSIPN/A
Phone310-201-4100
Debt
Debt-to-Equity Ratio0.41
Current Ratio0.14
Quick Ratio0.14
Price-To-Earnings
Trailing P/E Ratio11.25
Forward P/E Ratio14.68
P/E Growth1.45
Sales & Book Value
Annual Sales$1.42 billion
Price / Sales1.56
Cash Flow$5.4710 per share
Price / Cash Flow3.97
Book Value$14.13 per share
Price / Book1.54
Profitability
EPS (Most Recent Fiscal Year)$1.93
Net Income$76.17 million
Net Margins7.93%
Return on Equity29.05%
Return on Assets3.74%
Miscellaneous
Employees1,000
Outstanding Shares101,490,000
Market Cap$2.18 billion
OptionableOptionable
Ares Management LP Unit (NYSE:ARES) Frequently Asked Questions
What is Ares Management LP Unit's stock symbol?
Ares Management LP Unit trades on the New York Stock Exchange (NYSE) under the ticker symbol "ARES."
How often does Ares Management LP Unit pay dividends? What is the dividend yield for Ares Management LP Unit?
Ares Management LP Unit declared a quarterly dividend on Friday, November 2nd. Investors of record on Monday, December 17th will be given a dividend of $0.28 per share on Monday, December 31st. This represents a $1.12 annualized dividend and a dividend yield of 5.16%. The ex-dividend date is Friday, December 14th. View Ares Management LP Unit's Dividend History.
How were Ares Management LP Unit's earnings last quarter?
Ares Management LP Unit (NYSE:ARES) issued its quarterly earnings data on Thursday, November, 1st. The asset manager reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.38 by $0.08. The asset manager had revenue of $240.78 million for the quarter, compared to the consensus estimate of $240.75 million. Ares Management LP Unit had a return on equity of 29.05% and a net margin of 7.93%. Ares Management LP Unit's quarterly revenue was down 16.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.40 EPS. View Ares Management LP Unit's Earnings History.
When is Ares Management LP Unit's next earnings date?
What price target have analysts set for ARES?
10 analysts have issued 1 year price targets for Ares Management LP Unit's stock. Their predictions range from $22.00 to $33.00. On average, they expect Ares Management LP Unit's stock price to reach $26.1429 in the next twelve months. This suggests a possible upside of 20.4% from the stock's current price. View Analyst Price Targets for Ares Management LP Unit.
What is the consensus analysts' recommendation for Ares Management LP Unit?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ares Management LP Unit in the last year. There are currently 1 hold rating and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ares Management LP Unit.
Has Ares Management LP Unit been receiving favorable news coverage?
Media coverage about ARES stock has trended somewhat positive recently, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of news coverage by reviewing 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 LP Unit earned a news impact score of 1.9 on InfoTrie's scale. They also assigned news headlines about the asset manager a news buzz of 7.0 out of 10, meaning that recent news coverage is likely to have an impact on the stock's share price in the immediate future.
Who are some of Ares Management LP Unit's key competitors?
Some companies that are related to Ares Management LP Unit include Invesco (IVZ), Oaktree Capital Group (OAK), Affiliated Managers Group (AMG), Apollo Global Management (APO), Morningstar (MORN), Lazard (LAZ), Eaton Vance (EV), Janus Henderson Group (JHG), Evercore (EVR), MAN GRP PLC/ADR (MNGPY), AllianceBernstein (AB), Noah (NOAH), Houlihan Lokey (HLI), Federated Investors (FII) and Legg Mason (LM).
Who are Ares Management LP Unit's key executives?
Ares Management LP Unit'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 of Ares Mgmt. LP, Director & Partner of Ares Mgmt. GP LLC and Pvt. Equity Group Co-Head (Age 51)
- Mr. John Harold Kissick, Co-Founder, Partner & Director (Age 76)
- Mr. Bennett Rosenthal, Co-Founder, Director, Partner & Co-Head of Private Equity Group (Age 55)
Who are Ares Management LP Unit's major shareholders?
Ares Management LP Unit's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Capital World Investors (7.56%), Alleghany Corp DE (7.05%), Royce & Associates LP (5.09%), FMR LLC (2.42%), American Century Companies Inc. (1.98%) and Capital International Investors (1.88%). View Institutional Ownership Trends for Ares Management LP Unit.
Which major investors are selling Ares Management LP Unit stock?
ARES stock was sold by a variety of institutional investors in the last quarter, including Alleghany Corp DE, FMR LLC, BlueMountain Capital Management LLC, Alpine Global Management LLC, Bramshill Investments LLC, Gator Capital Management LLC and LLBH Private Wealth Management LLC. View Insider Buying and Selling for Ares Management LP Unit.
Which major investors are buying Ares Management LP Unit stock?
ARES stock was purchased by a variety of institutional investors in the last quarter, including Capital World Investors, Capital International Investors, The Manufacturers Life Insurance Company , Laurion Capital Management LP, Neuberger Berman Group LLC, Royce & Associates LP, Brown Advisory Inc. and Hilton Capital Management LLC. View Insider Buying and Selling for Ares Management LP Unit.
How do I buy shares of Ares Management LP Unit?
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 LP Unit's stock price today?
One share of ARES stock can currently be purchased for approximately $21.72.
How big of a company is Ares Management LP Unit?
Ares Management LP Unit has a market capitalization of $2.18 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 LP Unit employs 1,000 workers across the globe.
What is Ares Management LP Unit's official website?
How can I contact Ares Management LP Unit?
Ares Management LP Unit'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 LP Unit (NYSE ARES)
MarketBeat's community ratings are surveys of what our community members think about Ares Management LP Unit 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.
