Ares Management Corporation (ARES)
| Market Cap | 54.95B |
| Revenue (ttm) | 3.68B |
| Net Income (ttm) | 432.35M |
| Shares Out | 313.06M |
| EPS (ttm) | 2.19 |
| PE Ratio | 80.33 |
| Forward PE | 35.57 |
| Dividend | $3.72 (2.12%) |
| Ex-Dividend Date | Dec 17, 2024 |
| Volume | 939,863 |
| Open | 176.00 |
| Previous Close | 175.01 |
| Day's Range | 174.26 - 176.78 |
| 52-Week Range | 107.69 - 176.78 |
| Beta | 1.22 |
| Analysts | Buy |
| Price Target | 164.00 (-6.56%) |
| Earnings Date | Nov 1, 2024 |
About ARES
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 se... [Read more]
Financial Performance
In 2023, Ares Management's revenue was $3.63 billion, an increase of 18.87% compared to the previous year's $3.06 billion. Earnings were $453.02 million, an increase of 195.23%.
Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for ARES stock is "Buy." The 12-month stock price forecast is $164.0, which is a decrease of -6.56% from the latest price.
News
Ares Q3: Record Highs But Concerning Valuation
Ares Corporation's Q3 earnings showed strong growth in EPS and record deployment. Despite an initial stock drop after the earnings report, ARES recovered to an all-time high, driven by positive market...
New Preferred Stock And Exchange Traded Debt IPOs, October 2024
September saw two new convertible preferred stock offerings, one term preferred offering, and one Exchange Traded Debt (ETD) offering, with yields ranging from 6% to 8.125%. Here is a comparison again...
Ares Management Corporation (ARES) Q3 2024 Earnings Call Transcript
Ares Management Corporation (NYSE:ARES) Q3 2024 Results Conference Call November 1, 2024 11:00 AM ET Company Participants Greg Mason - Co-Head-Public Markets IR Michael Arougheti - CEO Jarrod Phillip...
Ares Management Announces Third Quarter 2024 U.S. Direct Lending Origination Activity
$12.3 Billion in New Commitments Closed in the Third Quarter, Reaching a Record of $44.5 Billion Closed in the 12 Months Ended September 30, 2024 NEW YORK, NY / ACCESSWIRE / November 1, 2024 / Ares Ma...
Ares Management Corporation Reports Third Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE:ARES) today reported its financial results for its third quarter ended September 30, 2024. GAAP net income attributable to Ares Management ...
A Rare Buying Opportunity: Big Market Disconnect In Alternative Asset Managers
There's a huge market disconnect going on in one of the hottest sectors right now. We discuss why one stock in that sector has massively lagged behind the other high fliers. We also discuss why we thi...
Ares Management Rising Higher Before Earnings
Diversified asset manager Ares Management Corporation (ARES) is expected to show continued growing earnings, dividend.
CAL Automotive and Ares Management Enter Joint Venture to Invest up to $1.5 Billion in New Vehicle Leases
YARDVILLE, N.J. & NEW YORK--(BUSINESS WIRE)--Certified Automotive Lease Corp ("CAL Automotive"), a wholly-owned subsidiary of Auto Lender's Liquidation Center, Inc. (“Auto Lenders”), and Ares Manageme...
Ares Charitable Foundation Launches New Initiative to Support Latino Entrepreneurs and Economic Development in the U.S.
NEW YORK--(BUSINESS WIRE)--The Ares Charitable Foundation (the “Ares Foundation”), a 501(c)(3) qualifying organization sponsored by Ares Management Corporation (“Ares” or the “firm”) (NYSE: ARES), tod...
Ares Management Corporation Updates the Time of Its Earnings Conference Call for the Third Quarter Ending September 30, 2024
NEW YORK, NY / ACCESSWIRE / October 17, 2024 / Ares Management Corporation announced today that it has updated the time it will hold its earnings webcast/conference call for the third quarter ending S...
Ares Management stock has soared, but there's 1 key risk
Ares Management (ARES) stock has had a remarkable performance in the last decade, making it one of the best-performing companies in Wall Street. After launching an IPO at $10 in 2014, it has risen to ...
Ares Management Corporation Prices Offering of Senior Notes
NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (“Ares” or the “Company”) (NYSE: ARES) today announced that it has priced an offering (the “Offering”) of $750,000,000 aggregate principal amount...
GLP Capital Partners and Ares Management Corp to Merge in $5.2 Billion Deal
GLP Group has announced the merger of its fund management business, GLP Capital Partners (GCP), with Ares Management Corporation, a leading alternative asset management company listed on the New York ...
Ares Management Corporation to Acquire GCP International
NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that it has entered into a definitive agreement to acquire the international business of GLP Capital Partne...
Automated Industrial Robotics Inc. Acquires Robotics & Drives
LOS ANGELES--(BUSINESS WIRE)--Automated Industrial Robotics Inc. (“AIR” or the “Company”) today announced the acquisition of Robotics & Drives (“RDS”), an Ireland-based industrial automation company f...
Final Trades: Deckers, Citigroup, Ares Management and Crowdstrike
The Investment Committee give you their top stocks to watch for the second half.
Ares Management Corporation Schedules Earnings Release and Conference Call for the Third Quarter Ending September 30, 2024
NEW YORK, NY / ACCESSWIRE / October 4, 2024 / Ares Management Corporation announced today that it will report earnings for the third quarter ending September 30, 2024 on Friday, November 1, 2024 prior...
Ares Management: A Great Business, Just Too Expensive Today
Ares Management is a major player in private credit, managing nearly $447 billion across various strategies, with a strong focus on credit investments. The company has experienced significant growth, ...
Second Avenue Capital Partners and Ares Management Provide Gabe's with New $175,000,000 Credit Facility
BOSTON , Oct. 2, 2024 /PRNewswire/ -- Second Avenue Capital Partners (" SACP "), a Schottenstein affiliate, is pleased to announce the closing of a $175,000,000 Senior Secured Revolving Line of Credit...
Ares Management Corporation to Acquire Walton Street Mexico
NEW YORK & MEXICO CITY--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that one of its subsidiaries has entered into a definitive agreement to acquire 100% of Walto...
3 BDCs Positioned To Successfully Navigate A Recession
The Fed's 50 basis points rate cut signals a potential recession, urging long-term investors to focus on quality companies with strong fundamentals. Blackstone Secured Lending, Ares Capital, and Golub...
Second Avenue Capital Partners, SB360 Capital Partners, and Ares Commercial Finance Support CSC Generation Enterprise's Acquisition of Backcountry with a $112,000,000 Credit Facility
BOSTON , Sept. 18, 2024 /PRNewswire/ -- Schottenstein affiliates Second Avenue Capital Partners (SACP) and SB360 Capital Partners (SB360), providers of customized solutions for the retail and consumer...
Ares Management Raises Over $3.3 Billion of U.S. Opportunistic Real Estate Capital
NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today the final closing of Ares U.S. Real Estate Opportunity Fu...
ENGIE enters a partnership with Ares Management for a 2.7 GW portfolio of Renewables and Storage Assets in the U.S.
HOUSTON, Sept. 12, 2024 (GLOBE NEWSWIRE) -- ENGIE North America (ENGIE) announced that it recently closed a partnership with Ares Management Infrastructure Opportunities funds (Ares). This transaction...
Ares Management: A Booming Giant With A Price Tag To Match
Ares Management is experiencing explosive growth in assets under management, with a 19% annual growth rate, reaching $447 billion, driving elevated fee revenue growth. The firm excels in credit and al...