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Ares Management - ARES Stock Forecast, Price & News

$74.88
-2.66 (-3.43%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$74.53
$76.15
50-Day Range
$53.71
$77.54
52-Week Range
$53.15
$90.08
Volume
923,344 shs
Average Volume
874,337 shs
Market Capitalization
$22.01 billion
P/E Ratio
48.00
Dividend Yield
3.15%
Price Target
$88.67

Ares Management MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
18.4% Upside
$88.67 Price Target
Short Interest
Bearish
2.68% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.03
Upright™ Environmental Score
News Sentiment
0.00mentions of Ares Management in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$2.09 M Bought Last Quarter
Proj. Earnings Growth
24.22%
From $3.22 to $4.00 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.88 out of 5 stars

Finance Sector

129th out of 896 stocks

Investment Advice Industry

11th out of 46 stocks

ARES stock logo

About Ares Management (NYSE:ARES) Stock

Ares Management Corporation 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. The firm was previously known as Ares Management, L.P. Ares Management Corporation 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.

Ares Management Stock Down 3.1 %

Shares of NYSE:ARES traded down $2.44 during trading on Friday, reaching $75.10. 3,001 shares of the stock were exchanged, compared to its average volume of 826,798. The business's 50-day moving average price is $64.48 and its 200 day moving average price is $71.25. Ares Management has a twelve month low of $53.15 and a twelve month high of $90.08. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $22.07 billion, a price-to-earnings ratio of 49.71, a price-to-earnings-growth ratio of 1.01 and a beta of 1.21.

Ares Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.25%. Ares Management's payout ratio is currently 156.41%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ARES. JMP Securities started coverage on shares of Ares Management in a report on Wednesday, June 8th. They set a "market perform" rating for the company. TheStreet downgraded shares of Ares Management from a "b" rating to a "c+" rating in a report on Friday, June 3rd. The Goldman Sachs Group lowered their target price on shares of Ares Management from $87.00 to $78.00 and set a "buy" rating for the company in a report on Wednesday, June 29th. Royal Bank of Canada lowered their target price on shares of Ares Management from $95.00 to $90.00 in a report on Monday, May 2nd. Finally, UBS Group boosted their target price on shares of Ares Management from $68.00 to $82.00 and gave the company a "buy" rating in a report on Monday, August 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $88.67.

Insider Transactions at Ares Management

In related news, General Counsel Aghili Naseem Sagati sold 7,446 shares of Ares Management stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $73.18, for a total value of $544,898.28. Following the completion of the sale, the general counsel now owns 218,082 shares in the company, valued at $15,959,240.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Ares Management news, General Counsel Aghili Naseem Sagati sold 7,446 shares of the business's stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $73.18, for a total transaction of $544,898.28. Following the completion of the sale, the general counsel now owns 218,082 shares in the company, valued at $15,959,240.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Ares Management Llc bought 75,568 shares of the stock in a transaction on Monday, June 6th. The shares were acquired at an average price of $8.47 per share, with a total value of $640,060.96. Following the purchase, the insider now owns 8,675,568 shares of the company's stock, valued at $73,482,060.96. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 245,590 shares of company stock valued at $2,085,553. Corporate insiders own 47.38% of the company's stock.

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ARES Stock News Headlines

Ares Capital: 9% Stock Yield Or 6% For Its IG Bonds
Ares Management (ARES) Q2 Earnings Top Estimates
Recap: Ares Management Q2 Earnings
Better 9%+ Yield Buy: Owl Rock Vs. Ares Capital
Private Credit's Main Threat Is Itself
See More Headlines
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ARES Company Calendar

Last Earnings
10/27/2021
Ex-Dividend for 6/30 Dividend
6/15/2022
Dividend Payable
6/30/2022
Today
8/19/2022
Ex-Dividend for 9/30 Dividend
9/15/2022
Dividend Payable
9/30/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Investment advice
Sub-Industry
N/A
Sector
Finance
Employees
2,100
Year Founded
1997

Price Target and Rating

Average Stock Price Forecast
$88.67
High Stock Price Forecast
$117.00
Low Stock Price Forecast
$75.00
Forecasted Upside/Downside
+18.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
10 Analysts

Profitability

Net Income
$408.84 million
Pretax Margin
21.93%

Debt

Sales & Book Value

Annual Sales
$4.21 billion
Cash Flow
$2.02 per share
Book Value
$12.48 per share

Miscellaneous

Free Float
154,658,000
Market Cap
$22.01 billion
Optionable
Optionable
Beta
1.21

Social Links


Key Executives

  • Mr. Michael J. AroughetiMr. Michael J. Arougheti (Age 50)
    Co-Founder, CEO, Pres & Director
    Comp: $17.69M
  • Mr. David B. KaplanMr. David B. Kaplan (Age 55)
    Co-Founder, Partner, Co-Chairman of Private Equity Group & Director
    Comp: $22.78M
  • Mr. Bennett RosenthalMr. Bennett Rosenthal (Age 59)
    Co-Founder, Partner, Co-Chairman of Private Equity Group & Director
    Comp: $22.78M
  • Mr. Jarrod Morgan Phillips (Age 43)
    Partner & CFO
    Comp: $1.29M
  • Mr. Robert Kipp DeVeer III (Age 49)
    Partner, Head of Credit Group & Director
    Comp: $23.09M
  • Mr. Antony Peter ResslerMr. Antony Peter Ressler (Age 61)
    Co-Founder & Exec. Chairman
  • Mr. Edwin Wong
    Managing Partner & CEO of Ares SSG
  • Mr. Sandesh Hegde
    Partner, Global Chief Information Officer, Chief Operating Officer & Pres of AOISSC
  • Mr. Mark Charles Infanger CPA (Age 49)
    MD and Chief Accounting Officer for Fin., Accounting & Operations
  • Mr. Carl G. Drake C.F.A.
    Partner, Head of Public Markets Investor Relations & Corp. Communications













ARES Stock - Frequently Asked Questions

Should I buy or sell Ares Management stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ares Management in the last twelve months. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ARES shares.
View ARES analyst ratings
or view top-rated stocks.

What is Ares Management's stock price forecast for 2022?

10 equities research analysts have issued 12 month price objectives for Ares Management's stock. Their ARES share price forecasts range from $75.00 to $117.00. On average, they expect the company's share price to reach $88.67 in the next twelve months. This suggests a possible upside of 14.3% from the stock's current price.
View analysts price targets for ARES
or view top-rated stocks among Wall Street analysts.

How have ARES shares performed in 2022?

Ares Management's stock was trading at $81.27 on January 1st, 2022. Since then, ARES stock has decreased by 4.6% and is now trading at $77.54.
View the best growth stocks for 2022 here
.

Are investors shorting Ares Management?

Ares Management saw a increase in short interest in July. As of July 31st, there was short interest totaling 3,630,000 shares, an increase of 17.9% from the July 15th total of 3,080,000 shares. Based on an average trading volume of 900,600 shares, the days-to-cover ratio is presently 4.0 days. Approximately 2.7% of the shares of the stock are short sold.
View Ares Management's Short Interest
.

When is Ares Management's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our ARES earnings forecast
.

How were Ares Management's earnings last quarter?

Ares Management Co. (NYSE:ARES) posted its earnings results on Wednesday, October, 27th. The asset manager reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.64 by $0.02. The asset manager had revenue of $512.59 million for the quarter, compared to analyst estimates of $528.44 million. Ares Management had a net margin of 8.23% and a trailing twelve-month return on equity of 14.31%. During the same period in the prior year, the business earned $0.48 EPS.

How often does Ares Management pay dividends? What is the dividend yield for Ares Management?

Ares Management announced a quarterly dividend on Friday, July 29th. Investors of record on Friday, September 16th will be paid a dividend of $0.61 per share on Friday, September 30th. This represents a $2.44 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend is Thursday, September 15th.
Read our dividend analysis for ARES
.

Is Ares Management a good dividend stock?

Ares Management (NYSE:ARES) pays an annual dividend of $2.44 per share and currently has a dividend yield of 3.19%. 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 156.41%. 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 61.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ARES.

What is Michael Arougheti's approval rating as Ares Management's CEO?

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.

What other stocks do shareholders of Ares Management own?

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).

What is Ares Management's stock symbol?

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

Who are Ares Management's major shareholders?

Ares Management's stock is owned by a number of retail and institutional investors. Top institutional investors include FMR LLC (1.38%), William Blair Investment Management LLC (1.00%), Franklin Resources Inc. (0.96%), State Street Corp (0.79%), JPMorgan Chase & Co. (0.73%) and Principal Financial Group Inc. (0.65%). 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.
View institutional ownership trends
.

How do I buy shares of Ares Management?

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.
Compare Top Brokerages Here.

What is Ares Management's stock price today?

One share of ARES stock can currently be purchased for approximately $77.54.

How much money does Ares Management make?

Ares Management (NYSE:ARES) has a market capitalization of $22.79 billion and generates $4.21 billion in revenue each year. The asset manager earns $408.84 million in net income (profit) each year or $1.56 on an earnings per share basis.

How many employees does Ares Management have?

The company employs 2,100 workers across the globe.

When was Ares Management founded?

Ares Management was founded in 1997.

How can I contact Ares Management?

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.

This page (NYSE:ARES) was last updated on 8/19/2022 by MarketBeat.com Staff

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