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NYSE:ARES

Ares Management Stock Forecast, Price & News

$39.83
+0.36 (+0.91 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$39.38
Now: $39.83
$40.06
50-Day Range
$38.48
MA: $40.07
$42.07
52-Week Range
$20.20
Now: $39.83
$42.40
Volume1.92 million shs
Average Volume919,107 shs
Market Capitalization$10.28 billion
P/E Ratio79.66
Dividend Yield4.05%
Beta1.19
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.4Community Rank: 2.9Dividend Strength: 1.7Insider Behavior: 2.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.85 out of 5 stars


Industry, Sector and Symbol

Industry Investment advice
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone310-201-4100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.77 billion
Cash Flow$2.00 per share
Book Value$13.59 per share

Profitability

Net Income$148.88 million

Miscellaneous

Employees1,200
Market Cap$10.28 billion
Next Earnings Date10/29/2020 (Estimated)
OptionableOptionable
$39.83
+0.36 (+0.91 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Ares Management (NYSE:ARES) Frequently Asked Questions

How has Ares Management's stock been impacted by Coronavirus?

Ares Management's stock was trading at $30.26 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ARES stock has increased by 31.6% and is now trading at $39.83.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Ares Management?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ares Management in the last year. There are currently 2 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Ares Management
.

When is Ares Management's next earnings date?

Ares Management is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
View our earnings forecast for Ares Management
.

How were Ares Management's earnings last quarter?

Ares Management Corp (NYSE:ARES) released its quarterly earnings results on Wednesday, August, 5th. The asset manager reported $0.39 EPS for the quarter, topping the Zacks' consensus estimate of $0.38 by $0.01. The asset manager earned $326.44 million during the quarter, compared to analysts' expectations of $332.49 million. Ares Management had a net margin of 6.39% and a return on equity of 15.46%. During the same period in the previous year, the business posted $0.35 earnings per share.
View Ares Management's earnings history
.

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

Ares Management declared a quarterly dividend on Thursday, August 6th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $0.40 per share on Wednesday, September 30th. This represents a $1.60 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend is Tuesday, September 15th.
View Ares Management's dividend history
.

What price target have analysts set for ARES?

11 brokerages have issued 12 month target prices for Ares Management's stock. Their forecasts range from $38.00 to $47.00. On average, they anticipate Ares Management's stock price to reach $42.50 in the next year. This suggests a possible upside of 6.7% from the stock's current price.
View analysts' price targets for Ares Management
.

Who are some of Ares Management's key competitors?

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), QUALCOMM (QCOM), Verizon Communications (VZ), Bank of America (BAC) and Alibaba Group (BABA).

Who are Ares Management's key executives?

Ares Management's management team includes the following people:
  • Mr. Antony Peter Ressler, Co-founder & Exec. Chairman (Age 58)
  • Mr. Michael J. Arougheti, Co-Founder, CEO, Pres & Director (Age 47)
  • Mr. David B. Kaplan, Co-Founder, Partner & Director (Age 52)
  • Mr. John Harold Kissick, Co-Founder, Partner & Director (Age 77)
  • Mr. Bennett Rosenthal, Co-Founder, Partner & Director (Age 56)

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 variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (3.39%), William Blair Investment Management LLC (1.20%), Bank of America Corp DE (0.63%), Federated Hermes Inc. (0.60%), Bank of New York Mellon Corp (0.57%) and Peregrine Capital Management LLC (0.38%). Company insiders that own Ares Management stock include Aghili Naseem Sagati, Antoinette Cook Bush, Antony P Ressler, Ares Management Llc, Bennett Rosenthal, David B Kaplan, Michael D Weiner, Michael J Arougheti, Michael R Mcferran and R Kipp Deveer.
View institutional ownership trends for Ares Management
.

Which major investors are selling Ares Management stock?

ARES stock was sold by a variety of institutional investors in the last quarter, including Phoenix Holdings Ltd., Nuveen Asset Management LLC, Charles Schwab Investment Management Inc., Northern Right Capital Management L.P., Mackay Shields LLC, UBS Group AG, American International Group Inc., and Neuberger Berman Group LLC. Company insiders that have sold Ares Management company stock in the last year include Aghili Naseem Sagati, Antony P Ressler, Bennett Rosenthal, David B Kaplan, Michael J Arougheti, Michael R Mcferran, and R Kipp Deveer.
View insider buying and selling activity for Ares Management
.

Which major investors are buying Ares Management stock?

ARES stock was purchased by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Bank of New York Mellon Corp, Jennison Associates LLC, Goldman Sachs Group Inc., William Blair Investment Management LLC, FMR LLC, Assenagon Asset Management S.A., and Victory Capital Management Inc..
View insider buying and selling activity for Ares Management
.

How do I buy shares of Ares Management?

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.

What is Ares Management's stock price today?

One share of ARES stock can currently be purchased for approximately $39.83.

How big of a company is Ares Management?

Ares Management has a market capitalization of $10.28 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.

What is Ares Management's official website?

The official website for Ares Management is www.aresmgmt.com.

How can I contact Ares Management?

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]

This page was last updated on 9/19/2020 by MarketBeat.com Staff

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