NYSE:ARES - Ares Management Stock Price, Forecast & News

Ares Management's stock was trading at $30.26 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, ARES stock has decreased by 0.4% and is now trading at $30.14. View which stocks have been mosted impacted by Coronavirus.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ares Management in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Ares Management.

Ares Management is scheduled to release its next quarterly earnings announcement on Thursday, May 7th 2020. View our earnings forecast for Ares Management.

Ares Management Corp (NYSE:ARES) issued its quarterly earnings data on Thursday, February, 13th. The asset manager reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.50 by $0.17. The asset manager had revenue of $484.45 million for the quarter, compared to analyst estimates of $424.84 million. Ares Management had a return on equity of 15.65% and a net margin of 8.43%. View Ares Management's earnings history.

Ares Management declared a quarterly dividend on Friday, February 14th. Stockholders of record on Tuesday, March 17th will be paid a dividend of $0.40 per share on Tuesday, March 31st. This represents a $1.60 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date of this dividend is Monday, March 16th. This is an increase from Ares Management's previous quarterly dividend of $0.32. View Ares Management's dividend history.

9 analysts have issued 1-year price targets for Ares Management's shares. Their forecasts range from $25.00 to $50.00. On average, they expect Ares Management's stock price to reach $38.50 in the next twelve months. This suggests a possible upside of 27.7% from the stock's current price. View analysts' price targets for Ares Management.

Headlines about ARES stock have trended very negative on Thursday, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Ares Management earned a coverage optimism score of -3.3 on InfoTrie's scale. They also gave press coverage about the asset manager a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutAres Management.

Ares Management saw a decrease in short interest in February. As of February 28th, there was short interest totaling 2,510,000 shares, a decrease of 7.4% from the February 13th total of 2,710,000 shares. Based on an average trading volume of 582,700 shares, the days-to-cover ratio is currently 4.3 days. Currently, 2.9% of the company's shares are short sold. View Ares Management's Current Options Chain.

Some companies that are related to Ares Management include LEG & GEN GRP P/S (LGGNY), Ameriprise Financial (AMP), KKR & Co Inc (KKR), Franklin Resources (BEN), Oaktree Capital Group LLC Unit (OAK), Apollo Global Management (APO), The Carlyle Group (CG), Morningstar (MORN), Legg Mason (LM), Invesco (IVZ), Eaton Vance (EV), Houlihan Lokey (HLI), MAN GRP PLC/ADR (MNGPY), Hamilton Lane (HLNE) and Janus Henderson Group (JHG).

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

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

Shares of ARES can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ARES stock can currently be purchased for approximately $30.14.

Ares Management has a market capitalization of $3.58 billion and generates $1.77 billion in revenue each year. The asset manager earns $148.88 million in net income (profit) each year or $1.67 on an earnings per share basis. Ares Management employs 1,200 workers across the globe. View additional information about Ares Management.

The official website for Ares Management is http://www.aresmgmt.com/.

Ares Management's mailing address is 2000 AVE OF THE STARS 12TH FLOOR, LOS ANGELES CA, 90067. The asset manager can be reached via phone at 310-201-4100 or via email at [email protected]