Ares Management - ARES Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ares Management in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ARES shares.
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10 Wall Street research analysts have issued 12-month target prices for Ares Management's shares. Their ARES share price forecasts range from $78.00 to $117.00. On average, they predict the company's share price to reach $90.56 in the next twelve months. This suggests a possible upside of 30.9% from the stock's current price.
View analysts price targets for ARES or view top-rated stocks among Wall Street analysts.

Ares Management's stock was trading at $81.27 on January 1st, 2022. Since then, ARES stock has decreased by 14.9% and is now trading at $69.16.
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Ares Management saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 3,500,000 shares, a decrease of 21.3% from the October 31st total of 4,450,000 shares. Based on an average daily trading volume, of 1,190,000 shares, the short-interest ratio is presently 2.9 days. Approximately 2.6% of the shares of the stock are sold short.
View Ares Management's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, February 10th 2023.
View our ARES earnings forecast.

Ares Management Co. (NYSE:ARES) posted its quarterly earnings data on Thursday, October, 27th. The asset manager reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.01. The asset manager had revenue of $609.56 million for the quarter, compared to analyst estimates of $636.07 million. Ares Management had a net margin of 5.08% and a trailing twelve-month return on equity of 14.90%. During the same quarter in the previous year, the business earned $0.62 earnings per share.

Ares Management declared a quarterly dividend on Thursday, October 27th. Stockholders of record on Friday, December 16th will be paid a dividend of $0.61 per share on Friday, December 30th. This represents a $2.44 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Thursday, December 15th.
Read our dividend analysis for ARES.

Ares Management (NYSE:ARES) pays an annual dividend of $2.44 per share and currently has a dividend yield of 3.48%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 274.16%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ARES will have a dividend payout ratio of 61.31% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ARES.

18 employees have rated Ares Management Chief Executive Officer Michael Arougheti on Glassdoor.com. Michael Arougheti has an approval rating of 100% among the company's employees. This puts Michael Arougheti in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ares Management investors own include Intel (INTC), AT&T (T), General Electric (GE), JPMorgan Chase & Co. (JPM), Cisco Systems (CSCO), Wells Fargo & Company (WFC), Verizon Communications (VZ), Bank of America (BAC), QUALCOMM (QCOM) and Alibaba Group (BABA).

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

Ares Management's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (4.70%), BlackRock Inc. (2.04%), HMI Capital Management L.P. (1.36%), State Street Corp (0.80%), Bank of New York Mellon Corp (0.55%) and Bank of New York Mellon Corp (0.55%). Insiders that own company stock include Aghili Naseem Sagati, Antoinette Cook Bush, Antony P Ressler, Ares Capital Management Ii Llc, Ares Management Llc, Bennett Rosenthal, David B Kaplan, David B Kaplan, Michael J Arougheti, Michael J Arougheti, Michael R Mcferran and R Kipp Deveer.
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Shares of ARES stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ARES stock can currently be purchased for approximately $69.16.

Ares Management (NYSE:ARES) has a market capitalization of $20.35 billion and generates $4.21 billion in revenue each year. The asset manager earns $408.84 million in net income (profit) each year or $0.89 on an earnings per share basis.

The company employs 2,100 workers across the globe.

Ares Management's mailing address is 2000 AVE OF THE STARS 12TH FLOOR, LOS ANGELES CA, 90067. The official website for the company is www.aresmgmt.com. The asset manager can be reached via phone at (310) 201-4100, via email at cdrake@aresmgmt.com, or via fax at 310-201-4170.