Ares Management - ARES Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ares Management in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ARES shares.
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8 brokerages have issued 12 month price targets for Ares Management's stock. Their ARES share price forecasts range from $78.00 to $95.00. On average, they expect the company's stock price to reach $86.88 in the next year. This suggests a possible upside of 7.0% from the stock's current price.
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Ares Management's stock was trading at $68.44 at the beginning of the year. Since then, ARES stock has increased by 18.7% and is now trading at $81.21.
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Ares Management saw a decrease in short interest in the month of January. As of January 15th, there was short interest totaling 3,570,000 shares, a decrease of 14.0% from the December 31st total of 4,150,000 shares. Based on an average trading volume of 1,320,000 shares, the short-interest ratio is presently 2.7 days. Approximately 2.6% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
View our ARES earnings forecast.

Ares Management will be holding an earnings conference call on Thursday, February 9th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "937703".

Ares Management Co. (NYSE:ARES) issued its earnings results on Wednesday, October, 27th. The asset manager reported $0.62 EPS for the quarter, missing the consensus estimate of $0.64 by $0.02. The asset manager earned $512.59 million during the quarter, compared to analyst estimates of $528.44 million. Ares Management had a trailing twelve-month return on equity of 14.90% and a net margin of 5.08%. During the same period in the prior year, the firm earned $0.48 earnings per share.

Ares Management declared a quarterly dividend on Thursday, October 27th. Stockholders of record on Friday, December 16th will be given a dividend of $0.61 per share on Friday, December 30th. This represents a $2.44 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend 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 3.11%. 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 variety of retail and institutional investors. Top institutional shareholders include Hamlin Capital Management LLC (0.51%), Peregrine Capital Management LLC (0.30%), MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH (0.24%), Gradient Investments LLC (0.07%), Comerica Bank (0.05%) and Sumitomo Mitsui DS Asset Management Company Ltd (0.04%). 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 $81.21.

Ares Management (NYSE:ARES) has a market capitalization of $23.89 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.