Ares Management Corporation (ARES)
| Market Cap | 30.85B |
| Revenue (ttm) | 3.22B |
| Net Income (ttm) | 378.20M |
| Shares Out | 199.67M |
| EPS (ttm) | 1.95 |
| PE Ratio | 79.05 |
| Forward PE | 31.87 |
| Dividend | $3.72 (2.42%) |
| Ex-Dividend Date | Sep 16, 2024 |
| Volume | 3,246,555 |
| Open | 155.00 |
| Previous Close | 160.56 |
| Day's Range | 152.71 - 158.48 |
| 52-Week Range | 96.00 - 161.56 |
| Beta | 1.24 |
| Analysts | Buy |
| Price Target | 147.08 (-4.79%) |
| 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 13 analysts, the average rating for ARES stock is "Buy." The 12-month stock price forecast is $147.08, which is a decrease of -4.79% from the latest price.
News
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...
Ares Management Corporation to Present at the Barclays Global Financial Services Conference
NEW YORK, NY / ACCESSWIRE / September 3, 2024 / Ares Management Corporation announced today that its Chief Executive Officer and President, Michael Arougheti, is scheduled to present at the Barclays G...
Big Dividends From A Recession-Resistant Portfolio
There are growing risks of a recession hitting due to weakening job numbers, rising unemployment, and weakening consumer spending capacity. We share a portfolio of high-yield stocks that should be abl...
Ares Management leads private equity drive in Italy
Global private credit firms, including industry leader Ares Management, are increasingly focused on Italy as more small businesses which are the backbone of its economy open up to outside investors, p...
Ares Management Corporation (ARES) Q2 2024 Earnings Call Transcript
Ares Management Corporation (NYSE:ARES) Q2 2024 Earnings Conference Call August 2, 2024 11:00 AM ET Company Participants Greg Mason - Co-Head-Public Markets IR Michael Arougheti - CEO Jarrod Phillips...
Ares Management Announces Second Quarter 2024 U.S. Direct Lending Origination Activity
$12.8 Billion in New Commitments Closed in the Second Quarter, Reaching a Record of $38.3 Billion Closed in the 12 Months Ended June 30, 2024 NEW YORK, NY / ACCESSWIRE / August 2, 2024 / Ares Manageme...
Ares Management Corporation Reports Second Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE:ARES) today reported its financial results for its second quarter ended June 30, 2024. GAAP net income attributable to Ares Management Corp...
Ares Management Closes $34 Billion for U.S. Senior Direct Lending Strategy
NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today the final closing of Ares Senior Direct Lending Fund III ...
Ares Management and Lone Star Partner on £755 million Preferred Equity Investment to Wembley's Quintain
LONDON--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that funds managed by its Alternative Credit strategy have led a £755 million preferred equity commitment in ...
Ares Management's Profits, Dividends Attract Big Money
Diversified asset manager Ares Management Corporation (ARES) is growing and has delivered strong dividends for shareholders.
Steven Bavaria Takes Investors Inside The Income Factory
Steven Bavaria discusses his investing strategy, focusing on generating income through high-yield assets like closed-end funds and credit markets. He emphasizes the importance of sticking with a strat...
Ares Management Corporation Schedules Earnings Release and Conference Call for the Second Quarter Ending June 30, 2024
NEW YORK, NY / ACCESSWIRE / July 1, 2024 / Ares Management Corporation announced today that it will report earnings for the second quarter ending June 30, 2024 on Friday, August 2, 2024 prior to the o...