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

$29.71
-0.73 (-2.40 %)
(As of 03/29/2020 01:19 AM ET)
Today's Range
$28.97
Now: $29.71
$30.39
50-Day Range
$22.71
MA: $34.42
$41.12
52-Week Range
$20.20
Now: $29.71
$41.88
Volume974,637 shs
Average Volume1.30 million shs
Market Capitalization$3.53 billion
P/E Ratio27.77
Dividend Yield5.26%
Beta1.52
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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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$1.98 per share
Book Value$13.59 per share

Profitability

Net Income$148.88 million

Miscellaneous

Employees1,200
Market Cap$3.53 billion
Next Earnings Date5/7/2020 (Estimated)
OptionableOptionable

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Ares Management (NYSE:ARES) Frequently Asked Questions

How has Ares Management's stock been impacted by COVID-19 (Coronavirus)?

Ares Management's stock was trading at $30.26 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, ARES stock has decreased by 1.8% and is now trading at $29.71. View which stocks have been mosted impacted by Coronavirus.

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

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.

When is Ares Management's next earnings date?

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

How were Ares Management's earnings last quarter?

Ares Management Corp (NYSE:ARES) issued its earnings results 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 analysts' expectations 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.

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

Ares Management announced a quarterly dividend on Friday, February 14th. Investors of record on Tuesday, March 17th will be given a dividend of $0.40 per share on Tuesday, March 31st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.39%. The ex-dividend date of this dividend is Monday, March 16th. This is a boost from Ares Management's previous quarterly dividend of $0.32. View Ares Management's dividend history.

What price target have analysts set for ARES?

9 brokerages have issued 12-month target prices for Ares Management's shares. Their forecasts range from $25.00 to $50.00. On average, they anticipate Ares Management's share price to reach $38.50 in the next twelve months. This suggests a possible upside of 29.6% from the stock's current price. View analysts' price targets for Ares Management.

Has Ares Management been receiving favorable news coverage?

Press coverage about ARES stock has been trending very negative this week, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Ares Management earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned news coverage about the asset manager a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutAres Management.

Are investors shorting Ares Management?

Ares Management saw a drop in short interest during the month of February. As of February 28th, there was short interest totaling 2,510,000 shares, a drop 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 presently 4.3 days. Approximately 2.9% of the company's shares are sold short. View Ares Management's Current Options Chain.

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 General Electric (GE), AT&T (T), Intel (INTC), JPMorgan Chase & Co. (JPM), Alibaba Group (BABA), Bank of America (BAC), Energy Transfer LP Unit (ET), Wells Fargo & Co (WFC), Verizon Communications (VZ) and Cisco Systems (CSCO).

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 many different retail and institutional investors. Top institutional investors include Capital World Investors (8.88%), Capital International Investors (5.74%), Royce & Associates LP (2.83%), William Blair Investment Management LLC (2.25%), Alliancebernstein L.P. (2.23%) and 1832 Asset Management L.P. (1.55%). Company insiders that own Ares Management stock include Ares Management Llc, Michael D Weiner, Michael J Arougheti, Michael R Mcferran and R Kipp Deveer. View institutional ownership trends for Ares Management.

Which institutional investors are selling Ares Management stock?

ARES stock was sold by a variety of institutional investors in the last quarter, including Royce & Associates LP, Goldman Sachs Group Inc., Alliancebernstein L.P., Renaissance Technologies LLC, PM CAPITAL Ltd, Vaughan Nelson Investment Management L.P., Loomis Sayles & Co. L P, and Penserra Capital Management LLC. Company insiders that have sold Ares Management company stock in the last year include Ares Management Llc, Michael D Weiner, Michael J Arougheti, and R Kipp Deveer. View insider buying and selling activity for Ares Management.

Which institutional investors are buying Ares Management stock?

ARES stock was bought by a variety of institutional investors in the last quarter, including William Blair Investment Management LLC, Peregrine Capital Management LLC, Bank of America Corp DE, Nuveen Asset Management LLC, Marshall Wace North America L.P., Franklin Resources Inc., Franklin Resources Inc., and First Trust Advisors LP. 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 $29.71.

How big of a company is Ares Management?

Ares Management has a market capitalization of $3.53 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.

What is Ares Management's official website?

The official website for Ares Management is http://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]


MarketBeat Community Rating for Ares Management (NYSE ARES)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  517 (Vote Outperform)
Underperform Votes:  359 (Vote Underperform)
Total Votes:  876
MarketBeat's community ratings are surveys of what our community members think about Ares Management and other stocks. Vote "Outperform" if you believe ARES will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ARES will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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