Ares Management - ARES Stock Forecast, Price & News

9 Wall Street research 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. The consensus among Wall Street research analysts is that investors should "buy" ARES shares.
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9 equities research analysts have issued 12 month target prices for Ares Management's stock. Their ARES share price forecasts range from $88.00 to $100.00. On average, they predict the company's stock price to reach $95.00 in the next twelve months. This suggests a possible upside of 16.7% from the stock's current price.
View analysts price targets for ARES or view top-rated stocks among Wall Street analysts.

Ares Management's stock was trading at $68.44 at the beginning of 2023. Since then, ARES stock has increased by 18.9% and is now trading at $81.40.
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Ares Management saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 4,450,000 shares, an increase of 30.1% from the February 28th total of 3,420,000 shares. Based on an average daily volume of 1,060,000 shares, the short-interest ratio is presently 4.2 days. Approximately 3.2% of the shares of the stock are sold short.
View Ares Management's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our ARES earnings forecast.

Ares Management Co. (NYSE:ARES) announced its quarterly earnings results on Thursday, February, 9th. The asset manager reported $1.21 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.14. The asset manager had revenue of $937.72 million for the quarter, compared to analyst estimates of $813.69 million. Ares Management had a net margin of 5.48% and a trailing twelve-month return on equity of 16.82%. During the same period last year, the firm posted $0.85 earnings per share.

Ares Management declared a quarterly dividend on Thursday, February 9th. Shareholders of record on Friday, March 17th will be paid a dividend of $0.77 per share on Friday, March 31st. This represents a $3.08 annualized dividend and a dividend yield of 3.78%. The ex-dividend date is Thursday, March 16th. This is a boost from the stock's previous quarterly dividend of $0.61.
Read our dividend analysis for ARES.

ETFs with the largest weight of Ares Management (NYSE:ARES) stock in their portfolio include SPDR S&P Capital Markets ETF (KCE), Global X Founder-Run Companies ETF (BOSS), ERShares Entrepreneurs ETF (ENTR), SoFi Next 500 ETF (SFYX), WisdomTree U.S. MidCap Dividend Fund (DON), VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC), VictoryShares US Large Cap High Div Volatility Wtd ETF (CDL) and Timothy Plan High Dividend Stock ETF (TPHD).

Ares Management (NYSE:ARES) pays an annual dividend of $3.08 per share and currently has a dividend yield of 3.83%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 362.35%. 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 61.60% 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 many different institutional and retail investors. Top institutional shareholders include Franklin Resources Inc. (1.11%), Bank of America Corp DE (0.91%), JPMorgan Chase & Co. (0.80%), Vulcan Value Partners LLC (0.77%), Geode Capital Management LLC (0.68%) and William Blair Investment Management LLC (0.61%). 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, Corporate Opportunities F Ares, 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 $81.40.

Ares Management (NYSE:ARES) has a market capitalization of $24.15 billion and generates $3.06 billion in revenue each year. The asset manager earns $167.54 million in net income (profit) each year or $0.85 on an earnings per share basis.

The company employs 2,550 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.