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Ares Management Corporation (ARES)

NYSE: ARES · IEX Real-Time Price · USD
85.00
+1.41 (1.69%)
After-hours:Oct 25, 2021 7:06 PM EDT
83.59
1.92 (2.35%)
At close: Oct 25, 4:00 PM
Market Cap13.66B
Revenue (ttm)3.10B
Net Income (ttm)293.89M
Shares Out164.79M
EPS (ttm)1.73
PE Ratio48.40
Forward PE27.86
Dividend$1.81 (2.17%)
Ex-Dividend DateSep 15, 2021
Volume622,340
Open82.21
Previous Close81.67
Day's Range82.13 - 83.99
52-Week Range39.33 - 83.99
Beta1.03
AnalystsBuy
Price Target84.25 (+0.8%)
Est. Earnings DateOct 27, 2021

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...

IndustryCapital Markets
IPO DateMay 2, 2014
CEOMichael Arougheti
Employees1,526
Stock ExchangeNYSE
Ticker SymbolARES
Full Company Profile

Financial Performance

In 2020, ARES's revenue was $1.76 billion, a decrease of -0.08% compared to the previous year's $1.77 billion. Earnings were $152.14 million, an increase of 2.19%.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for ARES stock is "Buy." The 12-month stock price forecast is 84.25, which is an increase of 0.79% from the latest price.

Price Target
$84.25
(0.79% upside)
Analyst Consensus: Buy

News

Archwest Capital Announces Strategic Minority Investment by Aspida

IRVINE, Calif.--(BUSINESS WIRE)-- #commerciallender--Archwest Capital announced the completion of strategic minority investment by Aspida Holdings, an indirect subsidiary of Ares Management Corporation.

16 hours ago - Business Wire

Ares Management Corporation Launches Ares Wealth Management Solutions

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation (“Ares”) (NYSE: ARES) announced today the formation of Ares Wealth Management Solutions (“WMS”). WMS will oversee the product development, distr...

20 hours ago - Business Wire

LaserAway Announces Strategic Investment by Ares Management

LOS ANGELES--(BUSINESS WIRE)--LaserAway, a leading provider of aesthetic dermatology, announced today a strategic investment made by funds managed by the Private Equity Group of Ares Management Corporat...

4 days ago - Business Wire

Ares Management (ARES) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Ares Management (ARES) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

5 days ago - Zacks Investment Research

5 Finance Stocks to Buy Ahead of Q3 Earnings This Month

We have narrowed down our search to five large-cap financial companies that will report third-quarter 2021 earnings results this month. These are: COF, CG, ARES, AMP and AFL.

Other symbols:AFLAMPCGCOF
6 days ago - Zacks Investment Research

Ares Management CEO doesn't see private equity growth slowing

Michael Arougheti, Ares Management CEO, joins 'Squawk on the Street' to discuss today's investing environment from the 2021 Milken Institute Global Conference. Arougheti explains the growth he sees in t...

6 days ago - CNBC Television

Ares Management Corporation Closes Oversubscribed Second Junior Capital Direct Lending Fund

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today the final closing of Ares Private Credit Solutions II (“...

1 week ago - Business Wire

The Lockwood Group Announces Strategic Investment from Ares Private Equity Group

STAMFORD, Conn., Oct. 12, 2021 /PRNewswire/ -- The Lockwood Group ("Lockwood"), an industry leader in scientific-based medical communications for the pharmaceutical, biotech, and medical device industri...

1 week ago - PRNewsWire

Why Ares Management (ARES) Stock Might be a Great Pick

Ares Management (ARES) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

2 weeks ago - Zacks Investment Research

Funds Managed by Ares Management to Acquire Majority Stake in Apex Clean Energy

CHARLOTTESVILLE, Va.--(BUSINESS WIRE)---- $ARES--Apex and Ares announced that funds managed by Ares' Infrastructure and Power strategy have agreed to acquire a majority stake in Apex.

2 weeks ago - Business Wire

EPIC Y-Grade Announces Completion of NGL Super-System Stretching From Corpus Christi to Sweeny, Texas Including Strat...

HOUSTON--(BUSINESS WIRE)--EPIC Y-Grade, LP (“EPIC” or “the Company”) is pleased to announce the completion of its 165-mile pipeline from the EPIC Robstown, Texas, fractionation complex, to the Sweeny fr...

2 weeks ago - Business Wire

Ares Management Corporation Closes Oversubscribed Third European Property Enhancement Fund

LONDON--(BUSINESS WIRE)--Ares Management Corporation (“Ares”) (NYSE:ARES), a leading global alternative investment manager, announced today the final closing of Ares European Property Enhancement Partne...

3 weeks ago - Business Wire

Top Ranked Income Stocks to Buy for October 1st

KW, FCBC, ARES, and SMP made it to the Zacks Rank #1 (Strong Buy) income stocks list on October 1, 2021.

Other symbols:FCBCKWSMP
3 weeks ago - Zacks Investment Research

Ares Management Corporation Schedules Earnings Release and Conference Call for the Third Quarter Ended September 30, ...

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation announced today that it will report earnings for the third quarter ended September 30, 2021 on Wednesday, October 27, 2021 prior to the opening ...

3 weeks ago - Business Wire

Lisa Pollina Joins Energy Recovery Board of Directors

SAN LEANDRO, CA / ACCESSWIRE / September 20, 2021 / Energy Recovery, Inc. (NASDAQ:ERII) today announced the appointment of Lisa Pollina to its Board of Directors. "Ms. Pollina's deep expertise in bankin...

Other symbols:ERII
1 month ago - Accesswire

Ares Management Corporation Closes $150 Million Preferred Equity Investment in Inter Miami CF

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that funds managed by its Credit Group have closed on a $150 million preferred equity investment in Inter ...

1 month ago - Business Wire

Top Ranked Momentum Stocks to Buy for September 16th

ARES, RCMT, LULU, and AVTR made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 16, 2021

Other symbols:AVTRLULURCMT
1 month ago - Zacks Investment Research

Top Ranked Momentum Stocks to Buy for September 14th

RRC, OPCH, CNQ, and ARES made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 14, 2021.

Other symbols:CNQOPCHRRC
1 month ago - Zacks Investment Research

Ares Management Corporation to Present at the Barclays Global Financial Services Conference

NEW YORK--(BUSINESS WIRE)--Ares Management Corporation announced today that its Chief Executive Officer and President, Michael Arougheti, is scheduled to present at the Barclays Global Financial Service...

1 month ago - Business Wire

Ares Management Corporation Further Expands Net Lease Experience

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that John Case, Ben Fox, Joel Tomlinson and Taejoon Chun have joined to expand Ares' presence and activity...

1 month ago - Business Wire

EPIC Midstream Holdings Announces New Executive Leadership

HOUSTON--(BUSINESS WIRE)--EPIC Midstream Holdings, LP (“EPIC” or “the Company”) today announced Michael Garberding has joined EPIC as the Chief Financial Officer effective August 31, 2021. He will repor...

1 month ago - Business Wire

Sverica Sells Women's Health USA to Unified Women's Healthcare

BOSTON--(BUSINESS WIRE)--Sverica Capital Management LP (“Sverica”) announced today the sale of Women's Health USA (“WHUSA” or the “Company”), a provider of practice management and emerging value-based s...

1 month ago - Business Wire

7 of the Best Dividend Stocks to Buy for September

These are among the best dividend stocks for your portfolio because they combine a solid dividend yield with growth potential. The post 7 of the Best Dividend Stocks to Buy for September appeared first ...

Other symbols:FNFIPGLYBPRUSNATSN
2 months ago - InvestorPlace

Unified Women's Healthcare Acquires Women's Health USA

BOCA RATON, Fla. & AVON, Conn.--(BUSINESS WIRE)--Unified Women's Healthcare (“Unified”), a leading practice management platform in women's healthcare backed by Altas Partners (“Altas”), funds managed by...

2 months ago - Business Wire

What Makes Ares Management (ARES) a Strong Momentum Stock: Buy Now?

Does Ares Management (ARES) have what it takes to be a top stock pick for momentum investors? Let's find out.

2 months ago - Zacks Investment Research