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

About Ares Management L.P. (NYSE:ARES)

Ares Management L.P. logoAres Management, L.P. is an alternative asset manager. The Company offers its investors a range of investment strategies. It operates through three segments: Credit Group, Private Equity Group and Real Estate Group. The Credit Group segment manages credit strategies across the non-investment grade credit universe in the United States and Europe. It offers a range of credit strategies across the liquid and illiquid spectrum, including syndicated loans, high yield bonds, credit opportunities, structured credit investments and the United States and European direct lending. The Credit Group provides solutions for traditional fixed income investors. The Private Equity Group segment categorizes its investment strategies as corporate private equity, the United States power and energy infrastructure and special situations. The Real Estate Group segment manages public and private equity and debt strategies. The Real Estate Group manages both a value-add strategy and an opportunistic strategy.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Investment Management
  • Sub-Industry: N/A
  • Symbol: NYSE:ARES
  • CUSIP: N/A
  • Web: www.aresmgmt.com
Capitalization:
  • Market Cap: $1.51148 billion
  • Outstanding Shares: 214,093,000
Average Prices:
  • 50 Day Moving Avg: $18.07
  • 200 Day Moving Avg: $18.43
  • 52 Week Range: $14.75 - $23.25
P/E:
  • Trailing P/E Ratio: 24.50
  • Foreward P/E Ratio: 10.00
  • P/E Growth: 0.63
Sales & Book Value:
  • Annual Revenue: $1.47 billion
  • Price / Sales: 2.67
  • Book Value: $3.30 per share
  • Price / Book: 5.55
Dividend:
  • Annual Dividend: $1.24
  • Dividend Yield: 6.7%
Profitability:
  • EBIDTA: $260.09 million
  • Net Margins: 5.86%
  • Return on Equity: 40.94%
  • Return on Assets: 7.01%
Debt:
  • Debt-to-Equity Ratio: 0.63%
  • Current Ratio: 0.43%
  • Quick Ratio: 0.43%
Misc:
  • Average Volume: 71,014 shs.
  • Beta: 1.25
  • Short Ratio: 0.38
 

Frequently Asked Questions for Ares Management L.P. (NYSE:ARES)

What is Ares Management L.P.'s stock symbol?

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

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

Ares Management L.P. declared a quarterly dividend on Friday, August 4th. Shareholders of record on Friday, August 18th will be paid a dividend of $0.31 per share on Friday, September 1st. This represents a $1.24 annualized dividend and a yield of 6.78%. The ex-dividend date of this dividend is Wednesday, August 16th. This is a boost from Ares Management L.P.'s previous quarterly dividend of $0.13. View Ares Management L.P.'s Dividend History.

How were Ares Management L.P.'s earnings last quarter?

Ares Management L.P. (NYSE:ARES) announced its earnings results on Friday, August, 4th. The company reported $0.69 earnings per share for the quarter, meeting the consensus estimate of $0.69. The firm had revenue of $554 million for the quarter, compared to analyst estimates of $442.10 million. Ares Management L.P. had a net margin of 5.86% and a return on equity of 40.94%. The business's revenue was up 49.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 earnings per share. View Ares Management L.P.'s Earnings History.

When will Ares Management L.P. make its next earnings announcement?

Ares Management L.P. is scheduled to release their next quarterly earnings announcement on Monday, November, 6th 2017. View Earnings Estimates for Ares Management L.P..

Where is Ares Management L.P.'s stock going? Where will Ares Management L.P.'s stock price be in 2017?

7 brokers have issued 1 year price objectives for Ares Management L.P.'s stock. Their predictions range from $19.00 to $25.00. On average, they anticipate Ares Management L.P.'s share price to reach $21.50 in the next year. View Analyst Ratings for Ares Management L.P..

What are analysts saying about Ares Management L.P. stock?

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. " (7/20/2017)
  • 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)

Who are some of Ares Management L.P.'s key competitors?

Who are Ares Management L.P.'s key executives?

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

Who owns Ares Management L.P. stock?

Ares Management L.P.'s stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Royce & Associates LP (1.76%), American Century Companies Inc. (0.55%), FMR LLC (0.46%), Wells Fargo & Company MN (0.27%), Capital World Investors (0.25%) and JPMorgan Chase & Co. (0.21%). 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..

Who sold Ares Management L.P. stock? Who is selling Ares Management L.P. stock?

Ares Management L.P.'s stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, JPMorgan Chase & Co., Greenwich Investment Management Inc. and Sei Investments Co.. View Insider Buying and Selling for Ares Management L.P..

Who bought Ares Management L.P. stock? Who is buying Ares Management L.P. stock?

Ares Management L.P.'s stock was bought by a variety of institutional investors in the last quarter, including Capital World Investors, Intrinsic Edge Capital Management LLC, Royce & Associates LP, James Investment Research Inc., GSA Capital Partners LLP, LLBH Private Wealth Management LLC, Marshall Wace North America L.P. and Wells Fargo & Company MN. 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..

How do I buy Ares Management L.P. stock?

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.

What is Ares Management L.P.'s stock price today?

One share of Ares Management L.P. stock can currently be purchased for approximately $18.30.


MarketBeat Community Rating for Ares Management L.P. (NYSE ARES)
Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  139 (Vote Outperform)
Underperform Votes:  133 (Vote Underperform)
Total Votes:  272
MarketBeat's community ratings are surveys of what our community members think about Ares Management L.P. and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Ares Management L.P. (NYSE:ARES) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Hold Rating, 6 Buy Ratings
Consensus Rating:Buy (Score: 2.86)
Consensus Price Target: $21.50 (17.49% upside)

Analysts' Ratings History for Ares Management L.P. (NYSE:ARES)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/5/2017Keefe, Bruyette & WoodsReiterated RatingBuy$22.00MediumView Rating Details
8/5/2017Royal Bank of CanadaSet Price TargetBuy$21.00LowView Rating Details
5/11/2017Credit Suisse GroupUpgradeNeutral -> OutperformHighView Rating Details
3/10/2017Goldman Sachs Group, Inc. (The)Initiated CoverageNeutral -> Neutral$21.00LowView Rating Details
2/27/2017SunTrust Banks, Inc.Boost Price TargetBuy$20.00 -> $25.00N/AView Rating Details
1/8/2017Wells Fargo & CompanyReiterated RatingOutperformN/AView Rating Details
12/16/2016Bank of America CorporationUpgradeNeutral -> Buy$19.00N/AView Rating Details
8/11/2016Morgan StanleySet Price TargetHold$15.00N/AView Rating Details
(Data available from 9/20/2015 forward)

Earnings

Earnings History for Ares Management L.P. (NYSE:ARES)
Earnings by Quarter for Ares Management L.P. (NYSE:ARES)
Earnings History by Quarter for Ares Management L.P. (NYSE ARES)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/6/2017$0.41N/AView Earnings Details
8/4/2017Q2 2017$0.69$0.69$442.10 million$554.00 millionViewListenView Earnings Details
5/8/2017Q1 2017$0.39$0.30$182.50 million$172.05 millionViewListenView Earnings Details
2/24/2017Q416$0.35$0.44$169.45 million$358.20 millionViewN/AView Earnings Details
11/7/2016Q316$0.38$0.46$166.00 million$335.46 millionViewListenView Earnings Details
8/9/2016Q216$0.29$0.44$164.13 million$369.00 millionViewN/AView Earnings Details
5/10/2016Q116$0.23$0.08$171.00 million$158.43 millionViewListenView Earnings Details
2/29/2016Q415$0.29$0.20$185.00 million$159.52 millionViewListenView Earnings Details
11/10/2015Q315$0.17$0.14$166.75 million$162.20 millionViewListenView Earnings Details
8/11/2015Q215$0.39$0.32$167.63 million$175.80 millionViewListenView Earnings Details
5/12/2015Q1$0.39$0.35$258.35 million$272.80 millionViewListenView Earnings Details
3/5/2015Q414$0.36$0.27$154.40 million$230.00 millionViewN/AView Earnings Details
11/12/2014Q314$0.36$0.32$152.15 million$127.46 millionViewN/AView Earnings Details
8/13/2014Q214$0.37$0.33$148.50 million$131.62 millionViewN/AView Earnings Details
6/10/2014Q114$0.33$0.30$162.50 million$139.90 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Ares Management L.P. (NYSE:ARES)
Current Year EPS Consensus Estimate: $1.84 EPS
Next Year EPS Consensus Estimate: $1.83 EPS

Dividends

Current Dividend Information for Ares Management L.P. (NYSE:ARES)
Most Recent Dividend:9/1/2017
Annual Dividend:$1.24
Dividend Yield:6.78%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:169.86% (Trailing 12 Months of Earnings)
67.39% (Based on This Year's Estimates)
67.76% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Ares Management L.P. (NYSE:ARES)

Dividend History by Quarter for Ares Management L.P. (NYSE ARES)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/4/2017Quarterly$0.316.81%8/16/20178/18/20179/1/2017
5/8/2017quarterly$0.135.97%5/18/20175/22/20176/5/2017
2/24/2017quarterly$0.284.82%3/8/20173/10/20173/24/2017
11/7/2016quarterly$0.205.21%11/17/201611/21/201612/5/2016
8/10/2016quarterly$0.286.57%8/19/20168/23/20169/6/2016
5/11/2016quarterly$0.154.29%5/20/20165/24/20166/7/2016
3/1/2016quarterly$0.206.61%3/10/20163/14/20163/28/2016
11/11/2015quarterly$0.133.22%11/20/201511/24/201512/8/2015
8/12/2015quarterly$0.265.47%8/21/20158/25/20159/8/2015
5/13/2015quarterly$0.255.19%5/20/20155/22/20156/2/2015
3/5/2015quarterly$0.244.88%3/12/20153/16/20153/24/2015
11/12/2014quarterly$0.245.79%11/20/201411/24/201412/4/2014
8/14/2014special$0.188/21/20148/25/20148/29/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Ares Management L.P. (NYSE:ARES)
Institutional Ownership Percentage: 14.68%
Insider Trades by Quarter for Ares Management L.P. (NYSE:ARES)
Institutional Ownership by Quarter for Ares Management L.P. (NYSE:ARES)
Insider Trades by Quarter for Ares Management L.P. (NYSE:ARES)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/15/2015Michael R McferranCFOBuy10,000$12.76$127,600.00View SEC Filing  
12/14/2015Michael D WeinerEVPBuy2,000$12.75$25,500.00View SEC Filing  
12/11/2015Michael D WeinerEVPBuy3,000$13.59$40,770.00View SEC Filing  
12/2/2015David B KaplanInsiderBuy8,025$14.41$115,640.25View SEC Filing  
12/1/2015David B KaplanInsiderBuy13,322$14.14$188,373.08View SEC Filing  
11/25/2015Michael J. AroughetiinsiderBuy5,993$14.11$84,561.23View SEC Filing  
11/24/2015Michael J. AroughetiinsiderBuy5,993$13.99$83,842.07View SEC Filing  
11/23/2015Michael J. AroughetiinsiderBuy100$13.99$1,399.00View SEC Filing  
11/20/2015Bennett RosenthalInsiderBuy91,666$13.82$1,266,824.12View SEC Filing  
11/19/2015Michael D. WeinerEVPBuy5,000$13.81$69,050.00View SEC Filing  
12/5/2014Judy D OlianDirectorBuy1,800$16.69$30,042.00View SEC Filing  
6/11/2014Paul G JoubertDirectorBuy10,000$18.96$189,600.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Ares Management L.P. (NYSE:ARES)
Latest Headlines for Ares Management L.P. (NYSE:ARES)
Source:
DateHeadline
bloomberg.com logoIPOs of Private Equity Firms Are Dead. Rest in Pieces. - Bloomberg
www.bloomberg.com - September 18 at 9:26 PM
americanbankingnews.com logo Brokerages Anticipate Ares Management L.P. (ARES) to Post $0.42 Earnings Per Share
www.americanbankingnews.com - September 18 at 4:28 PM
finance.yahoo.com logoAres Management LP : ARES-US: Dividend Analysis : August 18th, 2017 (record date) : By the numbers : September 15, 2017
finance.yahoo.com - September 15 at 4:21 PM
finance.yahoo.com logoAres Management LP breached its 50 day moving average in a Bullish Manner : ARES-US : September 13, 2017
finance.yahoo.com - September 13 at 5:11 PM
americanbankingnews.com logoAres Management L.P. (ARES) and its Rivals Head to Head Analysis
www.americanbankingnews.com - September 11 at 4:10 PM
americanbankingnews.com logoAres Management L.P. (ARES) Cut to "Sell" at BidaskClub
www.americanbankingnews.com - September 9 at 4:28 PM
finance.yahoo.com logoAres Management LP :ARES-US: Earnings Analysis: Q2, 2017 By the Numbers : September 8, 2017
finance.yahoo.com - September 8 at 4:27 PM
americanbankingnews.com logoCritical Review: Ares Management L.P. (ARES) and The Carlyle Group L.P. (CG)
www.americanbankingnews.com - September 6 at 10:24 PM
americanbankingnews.com logoAres Management L.P. (ARES) Receives "Buy" Rating from Keefe, Bruyette & Woods
www.americanbankingnews.com - September 5 at 9:06 AM
americanbankingnews.com logoAres Management L.P. (ARES) Receives Average Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - September 5 at 8:54 AM
americanbankingnews.com logoZacks: Brokerages Expect Ares Management L.P. (ARES) Will Announce Quarterly Sales of $190.50 Million
www.americanbankingnews.com - September 2 at 3:46 PM
americanbankingnews.com logoReviewing Ares Management L.P. (ARES) & Financial Engines (FNGN)
www.americanbankingnews.com - August 30 at 4:08 AM
finance.yahoo.com logoAres Management LP breached its 50 day moving average in a Bullish Manner : ARES-US : August 29, 2017
finance.yahoo.com - August 29 at 4:18 PM
americanbankingnews.com logoAres Management L.P. (ARES) Upgraded at BidaskClub
www.americanbankingnews.com - August 26 at 7:14 PM
americanbankingnews.com logoAres Management L.P. (ARES) Upgraded by TheStreet to "B-"
www.americanbankingnews.com - August 19 at 7:08 AM
finance.yahoo.com logoFeatured Company News - Ares Management Invests $1.45 Billion in DuPage Medical Group
finance.yahoo.com - August 18 at 4:10 PM
finance.yahoo.com logoHow Wall Street Analysts View Alternative Asset Managers
finance.yahoo.com - August 17 at 5:28 PM
streetinsider.com logoDuPage Medical Group Announces Investment from Ares Management (ARES)
www.streetinsider.com - August 16 at 4:22 PM
finance.yahoo.com logoDuPage Medical Group Announces Investment from Ares Management Private Equity Group
finance.yahoo.com - August 16 at 4:22 PM
americanbankingnews.com logoAres Management L.P. (NYSE:ARES) Expected to Announce Quarterly Sales of $190.50 Million
www.americanbankingnews.com - August 14 at 3:30 AM
americanbankingnews.com logoAres Management L.P. (NYSE:ARES) Expected to Announce Earnings of $0.42 Per Share
www.americanbankingnews.com - August 12 at 6:18 PM
americanbankingnews.com logoAres Management L.P. (NYSE:ARES) Plans Dividend Increase - $0.31 Per Share
www.americanbankingnews.com - August 11 at 9:48 AM
americanbankingnews.com logoAres Management L.P. (NYSE:ARES) Receives Average Recommendation of "Buy" from Analysts
www.americanbankingnews.com - August 11 at 8:42 AM
finance.yahoo.com logoAres Management LP breached its 50 day moving average in a Bearish Manner : ARES-US : August 9, 2017
finance.yahoo.com - August 9 at 4:09 PM
finance.yahoo.com logoValet Living Acquires ChoreMate to Continue to Set the Standard in Residential Living
finance.yahoo.com - August 8 at 3:50 PM
americanbankingnews.com logoAres Management L.P. (NYSE:ARES) Given a $21.00 Price Target by Royal Bank Of Canada Analysts
www.americanbankingnews.com - August 6 at 1:20 PM
americanbankingnews.com logoAres Management L.P. (NYSE:ARES) Cut to "Sell" at BidaskClub
www.americanbankingnews.com - August 5 at 9:56 PM
finance.yahoo.com logoEdited Transcript of ARES earnings conference call or presentation 4-Aug-17 3:00pm GMT
finance.yahoo.com - August 5 at 2:27 AM
seekingalpha.com logoAres Management, L.P. 2017 Q2 - Results - Earnings Call Slides
seekingalpha.com - August 4 at 9:25 PM
americanbankingnews.com logoAres Management L.P. (ARES) Issues Quarterly Earnings Results
www.americanbankingnews.com - August 4 at 8:38 PM
finance.yahoo.com logoAres Management, L.P. Reports Second Quarter 2017 Results
finance.yahoo.com - August 4 at 4:21 PM
finance.yahoo.com logoAres Management meets 2Q profit forecasts
finance.yahoo.com - August 4 at 4:21 PM
finance.yahoo.com logo[$$] LightBay, Founded by Former Ares Executives, Seeks $450 Million
finance.yahoo.com - August 3 at 5:27 PM
finance.yahoo.com logoRedevco and Ares Management’s Iberian Joint Venture Acquires Renowned Madrid Attraction Mercado San Miguel for €70 Million
finance.yahoo.com - July 31 at 4:08 PM
finance.yahoo.com logoACOF V DP Acquiror LLC -- Moody's assigns B2 CFR to acquirer of DuPage Medical Group
finance.yahoo.com - July 31 at 4:08 PM
americanbankingnews.com logoAres Management L.P. (ARES) Set to Announce Quarterly Earnings on Friday
www.americanbankingnews.com - July 28 at 1:04 AM
streetinsider.com logoAres Management (ARES) Reports Acquisition of 300-Unit Residential & Retail Complex near Frankfurt, Germany
www.streetinsider.com - July 26 at 9:39 PM
finance.yahoo.com logoAres Management Fund Acquires 300-Unit Residential & Retail Complex near Frankfurt, Germany
finance.yahoo.com - July 26 at 2:19 AM
americanbankingnews.com logoAres Management L.P. (ARES) vs. OM Asset Management PLC (OMAM) Financial Analysis
www.americanbankingnews.com - July 21 at 8:24 PM
americanbankingnews.com logoComparing KKR & Co. L.P. (KKR) & Ares Management L.P. (ARES)
www.americanbankingnews.com - July 21 at 10:16 AM
seekingalpha.com logoFloor & Decor Holdings announces pricing of secondary offering
seekingalpha.com - July 20 at 5:28 PM
americanbankingnews.com logoAres Management L.P. (ARES) Rating Lowered to Hold at Zacks Investment Research
www.americanbankingnews.com - July 20 at 5:23 PM
marketwatch.com logoHFF Secures $110 Million Refinancing for 7-Building Office Portfolio in the Dallas Area
www.marketwatch.com - July 19 at 5:13 PM
reuters.com logoBRIEF-Ares Management announces pricing of $1.1 bln CLO
www.reuters.com - July 18 at 10:34 PM
finance.yahoo.com logoAres Management Announces Pricing of $1.1 Billion CLO
finance.yahoo.com - July 17 at 12:36 PM
americanbankingnews.com logoAres Management L.P. (NYSE:ARES) Given Consensus Rating of "Buy" by Brokerages
www.americanbankingnews.com - July 17 at 10:53 AM
finance.yahoo.com logoAres Management LP breached its 50 day moving average in a Bullish Manner : ARES-US : July 13, 2017
finance.yahoo.com - July 13 at 4:48 PM
finance.yahoo.com logoAres Management, L.P. Schedules Earnings Release and Conference Call for the Quarter Ended June 30, 2017
finance.yahoo.com - July 12 at 4:29 PM
americanbankingnews.com logoAres Management L.P. (NYSE:ARES) Lifted to Buy at Zacks Investment Research
www.americanbankingnews.com - July 11 at 5:26 PM
americanbankingnews.com logoAres Management L.P. (ARES) versus Eaton Vance Corporation (EV) Financial Survey
www.americanbankingnews.com - July 8 at 7:42 AM

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Ares Management L.P. (ARES) Chart for Wednesday, September, 20, 2017

This page was last updated on 9/20/2017 by MarketBeat.com Staff