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

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

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.

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.

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..

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..

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)

Some companies that are related to Ares Management L.P. include Federated Investors (FII), Jupiter Fund Management PLC (JUP), Artisan Partners Asset Management (APAM), Ashmore Group plc (ASHM), AllianceBernstein Holding L.P. (AB), The Carlyle Group L.P. (CG), Financial Engines (FNGN), Cohen & Steers (CNS), OM Asset Management PLC (OMAM), Rathbone Brothers plc (RAT), WisdomTree Investments (WETF), Brewin Dolphin Holdings plc (BRW), Virtus Investment Partners (VRTS), Hamilton Lane (HLNE), Polar Capital Holdings plc (POLR), Mortgage Advice Bureau (Holdings) PLC (MAB1), Liontrust Asset Management PLC (LIO) and Charles Stanley Group plc (CAY).

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

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..

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..

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..

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.

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