Ares Management Corporation (ARES)
| Market Cap | 13.66B |
| Revenue (ttm) | 3.10B |
| Net Income (ttm) | 293.89M |
| Shares Out | 164.79M |
| EPS (ttm) | 1.73 |
| PE Ratio | 48.40 |
| Forward PE | 27.86 |
| Dividend | $1.81 (2.17%) |
| Ex-Dividend Date | Sep 15, 2021 |
| Volume | 622,340 |
| Open | 82.21 |
| Previous Close | 81.67 |
| Day's Range | 82.13 - 83.99 |
| 52-Week Range | 39.33 - 83.99 |
| Beta | 1.03 |
| Analysts | Buy |
| Price Target | 84.25 (+0.8%) |
| Est. Earnings Date | Oct 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...
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 StatementsAnalyst 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.
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.
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...
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...
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.
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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...
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 (“...
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...
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.
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.
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...
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...
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KW, FCBC, ARES, and SMP made it to the Zacks Rank #1 (Strong Buy) income stocks list on October 1, 2021.
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 ...
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...
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 ...
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RRC, OPCH, CNQ, and ARES made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 14, 2021.
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...
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...
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...
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...
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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...
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.