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NYSE:ARESAres Management Stock Price, Forecast & News

$38.90
-0.10 (-0.26 %)
(As of 06/4/2020 12:53 PM ET)
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Compare
Today's Range
$38.65
Now: $38.90
$39.22
50-Day Range
$29.94
MA: $34.13
$38.10
52-Week Range
$20.20
Now: $38.90
$41.88
Volume69,006 shs
Average Volume1.01 million shs
Market Capitalization$5.15 billion
P/E Ratio102.37
Dividend Yield4.20%
Beta1.28
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: 2.4Community Rank: 3.0Dividend Strength: 1.7Insider Behavior: 2.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.07 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$2.07 per share
Book Value$13.59 per share

Profitability

Net Income$148.88 million

Miscellaneous

Employees1,200
Market Cap$5.15 billion
Next Earnings Date7/29/2020 (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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, ARES stock has increased by 28.6% and is now trading at $38.90. View which stocks have been most impacted by Coronavirus.

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 Wednesday, July 29th 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 Wednesday, May, 6th. The asset manager reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.42 by $0.03. The asset manager earned $411.80 million during the quarter, compared to the consensus estimate of $369.82 million. Ares Management had a net margin of 5.60% and a return on equity of 15.52%. During the same period in the prior year, the business posted $0.35 EPS. 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 Wednesday, May 6th. Investors of record on Tuesday, June 16th will be given a dividend of $0.40 per share on Tuesday, June 30th. This represents a $1.60 annualized dividend and a yield of 4.11%. The ex-dividend date is Monday, June 15th. View Ares Management's dividend history.

What price target have analysts set for ARES?

11 brokers have issued 12-month target prices for Ares Management's shares. Their forecasts range from $35.00 to $47.00. On average, they anticipate Ares Management's stock price to reach $41.60 in the next year. This suggests a possible upside of 6.9% from the stock's current price. View analysts' price targets for Ares Management.

Has Ares Management been receiving favorable news coverage?

News coverage about ARES stock has been trending extremely positive this week, according to InfoTrie Sentiment. The research group scores the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Ares Management earned a news sentiment score of 5.0 on InfoTrie's scale. They also gave 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 stock's share price in the immediate future. View the latest news aboutAres Management.

Are investors shorting Ares Management?

Ares Management saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 5,200,000 shares, an increase of 31.3% from the April 15th total of 3,960,000 shares. Based on an average daily volume of 942,600 shares, the short-interest ratio is currently 5.5 days. Approximately 5.2% of the company's stock 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), Bank of America (BAC), JPMorgan Chase & Co. (JPM), Wells Fargo & Co (WFC), Cisco Systems (CSCO), Alibaba Group (BABA), Verizon Communications (VZ) and Ford Motor (F).

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 Sumitomo Mitsui Financial Group Inc. (9.16%), Capital World Investors (7.72%), Wellington Management Group LLP (5.00%), BlackRock Inc. (4.00%), Invesco Ltd. (2.50%) and William Blair Investment Management LLC (2.02%). Company insiders that own Ares Management stock include 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 Alliancebernstein L.P., 1832 Asset Management L.P., Morgan Stanley, Morgan Stanley, PM CAPITAL Ltd, Waddell & Reed Financial Inc., Partners Group Holding AG, and Vaughan Nelson Investment Management L.P.. Company insiders that have sold Ares Management company stock in the last year include 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 insider buying and selling activity for Ares Management.

Which major investors are buying Ares Management stock?

ARES stock was acquired by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Financial Group Inc., Wellington Management Group LLP, Invesco Ltd., Franklin Resources Inc., Peregrine Capital Management LLC, Alyeska Investment Group L.P., State Street Corp, and William Blair Investment Management LLC. Company insiders that have bought Ares Management stock in the last two years include Antoinette Cook Bush, and Michael R Mcferran. 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 $38.90.

How big of a company is Ares Management?

Ares Management has a market capitalization of $5.15 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 6/4/2020 by MarketBeat.com Staff

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