About Ares Management L.P. (NYSE:ARES)
Ares Management, L.P. is an alternative asset manager. The Company offers its investors a range of investment strategies. It operates through three segments: Credit Group, Private Equity Group and Real Estate Group. The Credit Group segment manages credit strategies across the non-investment grade credit universe in the United States and Europe. It offers a range of credit strategies across the liquid and illiquid spectrum, including syndicated loans, high yield bonds, credit opportunities, structured credit investments and the United States and European direct lending. The Credit Group provides solutions for traditional fixed income investors. The Private Equity Group segment categorizes its investment strategies as corporate private equity, the United States power and energy infrastructure and special situations. The Real Estate Group segment manages public and private equity and debt strategies. The Real Estate Group manages both a value-add strategy and an opportunistic strategy.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Investment Management
- Sub-Industry: N/A
- Symbol: NYSE:ARES
- CUSIP: N/A
- Web: www.aresmgmt.com
- Market Cap: $1.52381 billion
- Outstanding Shares: 214,093,000
- 50 Day Moving Avg: $18.40
- 200 Day Moving Avg: $18.40
- 52 Week Range: $14.75 - $23.25
Sales & Book Value:
- Trailing P/E Ratio: 24.83
- Foreward P/E Ratio: 10.14
- P/E Growth: 0.63
- Annual Revenue: $1.47 billion
- Price / Sales: 2.70
- Book Value: $3.30 per share
- Price / Book: 5.62
- Annual Dividend: $1.24
- Dividend Yield: 6.7%
- EBITDA: $260.09 million
- Net Margins: 5.86%
- Return on Equity: 40.94%
- Return on Assets: 7.01%
- Debt-to-Equity Ratio: 0.63%
- Current Ratio: 0.43%
- Quick Ratio: 0.43%
- Average Volume: 66,165 shs.
- Beta: 1.25
- Short Ratio: 0.38
Frequently Asked Questions for Ares Management L.P. (NYSE:ARES)
What is Ares Management L.P.'s stock symbol?
Ares Management L.P. trades on the New York Stock Exchange (NYSE) under the ticker symbol "ARES."
How often does Ares Management L.P. pay dividends? What is the dividend yield for Ares Management L.P.?
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.
How were Ares Management L.P.'s earnings last quarter?
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.
When will Ares Management L.P. make its next earnings announcement?
Where is Ares Management L.P.'s stock going? Where will Ares Management L.P.'s stock price be in 2017?
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..
What are analysts saying about Ares Management L.P. stock?
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)
Who are some of Ares Management L.P.'s key competitors?
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).
Who are Ares Management L.P.'s key executives?
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
How do I buy Ares Management L.P. stock?
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.
What is Ares Management L.P.'s stock price today?
MarketBeat Community Rating for Ares Management L.P. (NYSE ARES)MarketBeat's community ratings are surveys of what our community members think about Ares Management L.P. and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Ares Management L.P. stock can currently be purchased for approximately $18.55.
Consensus Ratings for Ares Management L.P. (NYSE:ARES) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Hold Rating, 7 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.88)|
|Consensus Price Target: ||$21.00 (13.21% upside)|Consensus Price Target History for Ares Management L.P. (NYSE:ARES)
Analysts' Ratings History for Ares Management L.P. (NYSE:ARES)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/18/2017||Royal Bank Of Canada||Set Price Target||Buy||$21.00||N/A|
|9/21/2017||Oppenheimer Holdings, Inc.||Initiated Coverage||Outperform||$18.00||Low|
|9/5/2017||Keefe, Bruyette & Woods||Reiterated Rating||Buy||$22.00||Medium|
|5/11/2017||Credit Suisse Group||Upgrade||Neutral -> Outperform||High|
|3/10/2017||Goldman Sachs Group, Inc. (The)||Initiated Coverage||Neutral -> Neutral||$21.00||Low|
|2/27/2017||SunTrust Banks, Inc.||Boost Price Target||Buy||$20.00 -> $25.00||N/A|
|1/8/2017||Wells Fargo & Company||Reiterated Rating||Outperform||N/A|
|12/16/2016||Bank of America Corporation||Upgrade||Neutral -> Buy||$19.00||N/A|
|8/11/2016||Morgan Stanley||Set Price Target||Hold||$15.00||N/A|
Earnings History for Ares Management L.P. (NYSE:ARES)Earnings History by Quarter for Ares Management L.P. (NYSE ARES)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/4/2017||Q2 2017||$0.69||$0.69||$442.10 million||$554.00 million||View||Listen|
|5/8/2017||Q1 2017||$0.39||$0.30||$182.50 million||$172.05 million||View||Listen|
|2/24/2017||Q416||$0.35||$0.44||$169.45 million||$358.20 million||View||N/A|
|11/7/2016||Q316||$0.38||$0.46||$166.00 million||$335.46 million||View||Listen|
|8/9/2016||Q216||$0.29||$0.44||$164.13 million||$369.00 million||View||N/A|
|5/10/2016||Q116||$0.23||$0.08||$171.00 million||$158.43 million||View||Listen|
|2/29/2016||Q415||$0.29||$0.20||$185.00 million||$159.52 million||View||Listen|
|11/10/2015||Q315||$0.17||$0.14||$166.75 million||$162.20 million||View||Listen|
|8/11/2015||Q215||$0.39||$0.32||$167.63 million||$175.80 million||View||Listen|
|5/12/2015||Q1||$0.39||$0.35||$258.35 million||$272.80 million||View||Listen|
|3/5/2015||Q414||$0.36||$0.27||$154.40 million||$230.00 million||View||N/A|
|11/12/2014||Q314||$0.36||$0.32||$152.15 million||$127.46 million||View||N/A|
|8/13/2014||Q214||$0.37||$0.33||$148.50 million||$131.62 million||View||N/A|
|6/10/2014||Q114||$0.33||$0.30||$162.50 million||$139.90 million||View||N/A|
Earnings Estimates for Ares Management L.P. (NYSE:ARES)
Current Year EPS Consensus Estimate: $1.82 EPS
Next Year EPS Consensus Estimate: $1.83 EPS
Current Dividend Information for Ares Management L.P. (NYSE:ARES)
|Most Recent Dividend:||9/1/2017|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||169.86% (Trailing 12 Months of Earnings) |
68.13% (Based on This Year's Estimates)
67.76% (Based on Next Year's Estimates)
Dividend History by Quarter for Ares Management L.P. (NYSE ARES)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Ares Management L.P. (NYSE:ARES)
Institutional Ownership Percentage: 14.68%Insider Trades by Quarter for Ares Management L.P. (NYSE:ARES)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|12/15/2015||Michael R Mcferran||CFO||Buy||10,000||$12.76||$127,600.00|| |
|12/14/2015||Michael D Weiner||EVP||Buy||2,000||$12.75||$25,500.00|| |
|12/11/2015||Michael D Weiner||EVP||Buy||3,000||$13.59||$40,770.00|| |
|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|| |
|11/24/2015||Michael J. Arougheti||insider||Buy||5,993||$13.99||$83,842.07|| |
|11/23/2015||Michael J. Arougheti||insider||Buy||100||$13.99||$1,399.00|| |
|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|| |
|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|| |
Headline Trends for Ares Management L.P. (NYSE:ARES)
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Ares Management L.P. (ARES) Chart for Sunday, October, 22, 2017