Ares Management Corporation (ARES)

Market Cap	31.92B
Revenue (ttm)	3.65B
Net Income (ttm)	320.50M
Shares Out	304.52M
EPS (ttm)	1.65
PE Ratio	64.06
Forward PE	24.02
Dividend	$3.08 (2.93%)
Ex-Dividend Date	Sep 14, 2023

Volume	22,131
Open	104.90
Previous Close	105.70
Day's Range	104.80 - 105.33
52-Week Range	58.60 - 107.37
Beta	1.34
Analysts	Buy
Price Target	102.69 (-2.16%)
Earnings Date	Oct 26, 2023

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...

• Industry: Asset Management
• Sector: Financials
• IPO Date: May 2, 2014
• Employees: 2,550
• Stock Exchange: NYSE
• Ticker Symbol: ARES

Financial Performance

In 2022, ARES's revenue was $3.06 billion, a decrease of -27.46% compared to the previous year's $4.21 billion. Earnings were $167.54 million, a decrease of -56.68%.

Analyst Forecast

According to 14 analysts, the average rating for ARES stock is "Buy." The 12-month stock price forecast is $102.69, which is a decrease of -2.16% from the latest price.

Price Target

$102.69

(-2.16% downside)

Analyst Consensus: Buy