Ares Management Corporation (ARES)

NYSE: ARES · IEX Real-Time Price · USD
65.22
-1.96 (-2.92%)
Sep 23, 2022 4:00 PM EDT - Market closed
-2.92%
Market Cap 19.17B
Revenue (ttm) 3.58B
Net Income (ttm) 294.41M
Shares Out 293.93M
EPS (ttm) 1.57
PE Ratio 41.54
Forward PE 17.79
Dividend $2.30 (3.53%)
Ex-Dividend Date Sep 15, 2022
Volume 2,289,907
Open 65.84
Previous Close 67.18
Day's Range 63.55 - 65.92
52-Week Range 53.15 - 90.08
Beta 1.20
Analysts Buy
Price Target 88.28 (+35.4%)
Earnings Date Oct 25, 2022

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...]

Industry Capital Markets
IPO Date May 2, 2014
CEO Michael Arougheti
Employees 2,170
Stock Exchange NYSE
Ticker Symbol ARES
Full Company Profile

Financial Performance

In 2021, ARES's revenue was $4.21 billion, an increase of 138.77% compared to the previous year's $1.76 billion. Earnings were $408.84 million, an increase of 168.72%.

Financial Statements

Analyst Forecast

According to 20 analysts, the average rating for ARES stock is "Buy." The 12-month stock price forecast is 88.28, which is an increase of 35.36% from the latest price.

Price Target
$88.28
(35.36% upside)
Analyst Consensus: Buy
Stock Forecasts

News

CAIS Announces Partnership with Ares Wealth Management Solutions to Support Greater Access to Alternatives for Indepe...

NEW YORK--(BUSINESS WIRE)--CAIS, the leading alternative investment platform, today announced its collaboration with Ares Wealth Management Solutions (“AWMS”) to onboard select Ares Management (“Ares”) ...

2 days ago - Business Wire

Ares Management Raises $3.7 Billion of Sports, Media and Entertainment Capital

NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today that it has raised $3.7 billion of dedicated capital focuse...

1 week ago - Business Wire

Ares Management CEO Michael Arougheti breaks down where to find yield in a world of uncertainty

Ares Management has been a beneficiary of the current environment with heightened demand for floating rate credit and real assets.

1 week ago - CNBC

James Kim Joins Ares Management as Head of European Special Opportunities in the Ares Private Equity Group

LONDON--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that James Kim has joined Ares as a Partner and Head of European Special Opportunities in Ares' Private Equity ...

1 week ago - Business Wire

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

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

2 weeks ago - Business Wire

iCapital® and Ares Wealth Management Solutions Expand Partnership

NEW YORK--(BUSINESS WIRE)--Partnership provides financial advisors broader access to Ares' alternative investment solutions via multiple distribution channels.

2 weeks ago - Business Wire

Barry Miller Appointed Chief Executive Officer of Ares Private Markets Fund

NEW YORK--(BUSINESS WIRE)--Ares Private Markets Fund (“APMF” or the “Fund”) announced today that it has appointed Barry Miller as Chief Executive Officer, effective August 11, 2022. Mr. Miller is curren...

1 month ago - Business Wire

Atlas Crane Service Acquired by Ares Management

AURORA, Ill.--(BUSINESS WIRE)--Atlas Crane Service, LLC (“Atlas” or the “Company”), a full-service crane rental company that primarily serves the wind industry, announced today that a fund managed by th...

1 month ago - Business Wire

Ares Management (ARES) Q2 Earnings Top Estimates

Ares Management (ARES) delivered earnings and revenue surprises of 5.71% and 0.02%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Ares Management Corporation Announces U.S. Direct Lending Origination Activity for Second Quarter and Last Twelve Months

NEW YORK--(BUSINESS WIRE)--Ares Management Corporation announced today that funds managed by its Credit Group (collectively “Ares”) closed approximately $5.9 billion in U.S. direct lending commitments a...

1 month ago - Business Wire

Ares Management Corporation Reports Second Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) today reported its financial results for its second quarter ended June 30, 2022. GAAP net income attributable to Ares Management Corpo...

1 month ago - Business Wire

Marriott International, RIDA Development Corporation, and Ares Management Announce Commencement of Construction of Ga...

Gaylord Hotels' Expands Footprint with Sixth Resort and Convention Center in Southern California BETHESDA, Md. , July 27, 2022 /PRNewswire/ -- Marriott International, Inc. today announced the commenceme...

Other symbols: MAR
1 month ago - PRNewsWire

US Heart & Vascular and Willowbrook Cardiovascular Associates Announce Partnership to Deliver Quality Cardiovascular ...

NASHVILLE, Tenn.--(BUSINESS WIRE)--US Heart & Vascular (“USHV”), the leading national provider of support services to cardiovascular physician practices, announced today that it has signed a definitive ...

2 months ago - Business Wire

Ares Management Corporation Schedules Earnings Release and Conference Call for the Second Quarter Ended June 30, 2022

NEW YORK--(BUSINESS WIRE)--Ares Management Corporation announced today that it will report earnings for the second quarter ended June 30, 2022 on Thursday, July 28, 2022 prior to the opening of the New ...

2 months ago - Business Wire

Ares Management Corporation Announces the Release of its Inaugural TCFD Climate Action Report and Annual Sustainabili...

NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today the release of its first-ever TCFD Climate Action Report al...

2 months ago - Business Wire

Ares: A Private Market Titan With a 3.7% dividend

Ares Management Corp. ( ARES , Financial) is a leading alternative asset manager which specializes in private equity and real estate. The company was founded in 1997 and had their IPO in 2014.

3 months ago - GuruFocus

Ares Management Commits Sustainability-Linked Debt Facility to EdgeConneX®

NEW YORK & LONDON--(BUSINESS WIRE)--Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that funds managed by its Infrastructure Debt strategy have committed a delayed draw sustainability-...

3 months ago - Business Wire

CEO of Ares Management weighs in on the global credit market and the Fed's inflation fight

Leslie Picker speaks with Ares Management co-founder and CEO Michael Arougheti from the annual SuperReturn private equity conference in Berlin.

3 months ago - CNBC Television

Ares Management Corporation Launches Dedicated Wealth Management Solutions in Asia

NEW YORK & HONG KONG--(BUSINESS WIRE)--Ares Management Corporation (“Ares”) announced today that Henry Lee has joined Ares Wealth Management Solutions (“AWMS”) to lead its Asia efforts as part of the Fi...

3 months ago - Business Wire

Ares Management Corporation to Present at the Morgan Stanley US Financials, Payments & CRE Conference

NEW YORK--(BUSINESS WIRE)--Ares Management Corporation announced today that its Chief Financial Officer, Jarrod Phillips, is scheduled to present at the Morgan Stanley US Financials, Payments & CRE Conf...

3 months ago - Business Wire

Analyst Names 3 Best Alternative Asset Manager Stocks To Buy

Bank of America recently met with iCapital Network's Chairman & CEO Lawrence Calcano to discuss the democratization of alternative asset investing. On Tuesday, Bank of America analyst Craig Siegenthaler...

Other symbols: BXOWL
3 months ago - Benzinga

Ryan To Receive New Investment From Ares Management and Continued Investment From Onex Partners

DALLAS and TORONTO, May 26, 2022 (GLOBE NEWSWIRE) -- Ryan, LLC (“Ryan” or the “Company”) and Onex Corporation (“Onex”) (TSX: ONEX) announced today a private equity fund managed by Ares Management Corpor...

3 months ago - GlobeNewsWire

Ares Management Corporation to Present at the Bernstein 38th Annual Strategic Decisions 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 Bernstein 38th Annual Strategic D...

3 months ago - Business Wire

Generally you should see continued flows into Treasurys, says Ares Management CEO

Michael Arougheti, Ares Management co-founder, CEO and president, joins 'Squawk on the Street' to discuss his concerns around equity markets, recession risks and more.

4 months ago - CNBC Television

Ares Management (ARES) Q1 Earnings and Revenues Lag Estimates

Ares Management (ARES) delivered earnings and revenue surprises of -1.52% and 11.62%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research