Ares Management L.P. Company Profile (NYSE:ARES)

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

Ares Management L.P. declared a quarterly dividend on Monday, May 8th. Shareholders of record on Monday, May 22nd will be given a dividend of $0.13 per share on Monday, June 5th. This represents a $0.52 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Thursday, May 18th. View Ares Management L.P.'s Dividend History.

Ares Management L.P. (NYSE:ARES) issued its earnings results on Monday, May, 8th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by $0.09. The company earned $172.05 million during the quarter, compared to analysts' expectations of $182.50 million. Ares Management L.P. had a return on equity of 35.09% and a net margin of 5.65%. During the same period in the prior year, the firm posted $0.08 earnings per share. View Ares Management L.P.'s Earnings History.

Ares Management L.P. is scheduled to release their next quarterly earnings announcement on Monday, August, 7th 2017. View Earnings Estimates for Ares Management L.P..

7 analysts have issued 1 year price objectives for Ares Management L.P.'s shares. Their predictions range from $15.00 to $25.00. On average, they expect Ares Management L.P.'s stock price to reach $20.83 in the next twelve months. View Analyst Ratings for Ares Management L.P..

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. " (3/3/2017)
• 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)

Some companies that are related to Ares Management L.P. include Hargreaves Lansdown PLC (HL), Eaton Vance Corporation (EV), Aberdeen Asset Management plc (ADN), Federated Investors (FII), Ashmore Group plc (ASHM), Financial Engines (FNGN), AllianceBernstein Holding L.P. (AB), Jupiter Fund Management PLC (JUP), Cohen & Steers (CNS), OM Asset Management PLC (OMAM), The Carlyle Group LP (CG), Artisan Partners Asset Management (APAM), WisdomTree Investments (WETF), Rathbone Brothers plc (RAT), Brewin Dolphin Holdings plc (BRW), Virtus Investment Partners (VRTS), Polar Capital Holdings plc (POLR) and Hamilton Lane (HLNE).

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

Ares Management L.P.'s stock is owned by many different of retail and institutional investors. Top institutional investors include Royce & Associates LP (1.70%), OppenheimerFunds Inc. (0.61%), American Century Companies Inc. (0.55%), FMR LLC (0.53%), EJF Capital LLC (0.36%) and Wells Fargo & Company MN (0.26%). Company insiders that own Ares Management L.P. stock include Bennett Rosenthal, David B Kaplan, Michael D Weiner, Michael J Arougheti and Michael R Mcferran. View Institutional Ownership Trends for Ares Management L.P..

Ares Management L.P.'s stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc. and FMR LLC. View Insider Buying and Selling for Ares Management L.P..

Ares Management L.P.'s stock was bought by a variety of institutional investors in the last quarter, including EJF Capital LLC, Wells Fargo & Company MN, JPMorgan Chase & Co., OppenheimerFunds Inc., Segall Bryant & Hamill LLC, Morgan Stanley, Neuberger Berman Group LLC and SG Americas Securities LLC. Company insiders that have bought Ares Management L.P. stock in the last two years include Bennett Rosenthal, David B Kaplan, Michael D Weiner, Michael J Arougheti and Michael R Mcferran. View Insider Buying and Selling for Ares Management L.P..

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.

One share of Ares Management L.P. stock can currently be purchased for approximately $18.08.