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Ares Management Corporation (ARES)

Stock Price: $51.13 USD 0.09 (0.18%)
Updated May 13, 2021 4:00 PM EDT - Market closed
Market Cap 8.38B
Revenue (ttm) 2.41B
Net Income (ttm) 219.86M
Shares Out 149.27M
EPS (ttm) 1.38
PE Ratio 36.97
Forward PE 24.15
Dividend $1.67
Dividend Yield 3.27%
Trading Day May 13
Last Price $51.13
Previous Close $51.04
Change ($) 0.09
Change (%) 0.18%
Day's Open 51.42
Day's Range 50.80 - 52.00
Day's Volume 658,634
52-Week Range 30.77 - 59.17

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LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) announced today that its Chief Executive Officer and President, Michael Arougheti, and its Chief Operating Officer and Chief Financ...

1 day ago - Business Wire

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) announced today that its Chief Executive Officer and President, Michael Arougheti, and its Chief Operating Officer and Chief Financ...

2 days ago - Business Wire

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation (NYSE:ARES) today announced that a fund managed by its Private Equity Group has signed a purchase agreement to sell Farrow & Ball, a UK based ma...

2 days ago - Business Wire

EDISON, N.J., May 4, 2021 /PRNewswire/ -- CS Energy, a leading integrated energy firm that designs and builds optimized projects in the solar, storage, and emerging energy industries, announced today th...

1 week ago - PRNewsWire

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today the release of its inaugural sustainability report, titl...

1 week ago - Business Wire

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) is providing details on certain new financing commitments made across its U.S. direct lending strategies. Funds managed by Ares Man...

1 week ago - Business Wire

Ares Management (ARES) delivered earnings and revenue surprises of -9.80% and -5.85%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

2 weeks ago - Zacks Investment Research

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation (NYSE:ARES) today reported its financial results for its first quarter ended March 31, 2021. GAAP net income attributable to Ares Management Cor...

2 weeks ago - Business Wire

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today the final closing of its fifth commingled European direc...

2 weeks ago - Business Wire

SAN ANTONIO--(BUSINESS WIRE)--EPIC Midstream Holdings, LP (“EPIC” or “the Company”) today announced George Millas has joined EPIC as the Chief Commercial Officer effective April 19, 2021. He will report...

2 weeks ago - Business Wire

Ares Management (ARES) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

3 weeks ago - Zacks Investment Research

AMG vs. ARES: Which Stock Is the Better Value Option?

Other stocks mentioned: AMG
1 month ago - Zacks Investment Research

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares” or the “Company”) today announced the pricing of its previously announced underwritten public offering of 9,500,000 shares ...

1 month ago - Business Wire

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today the final closing of its Ares U.S. Real Estate Opportuni...

1 month ago - Business Wire

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares” or the “Company”) today announced the launch of an underwritten public offering of 9,500,000 shares of Class A common stock...

1 month ago - Business Wire

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation announced today that it will report earnings for the first quarter ended March 31, 2021 on Thursday, April 29, 2021 prior to the opening of the ...

1 month ago - Business Wire

Ares Management (ARES) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increa...

1 month ago - Zacks Investment Research

BOSTON--(BUSINESS WIRE)--BrightSphere Investment Group Inc. (NYSE: BSIG) today announced that it has entered into a definitive agreement to sell its 60% ownership interest in Landmark Partners LLC (“Lan...

Other stocks mentioned: BSIG
1 month ago - Business Wire

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that a subsidiary of Ares has entered into a definitive agreement with a subsidiary of BrightSphere Invest...

Other stocks mentioned: BSIG
1 month ago - Business Wire

BELLEVUE, Wash., March 25, 2021 /PRNewswire/ -- Savers® (the "Company") announced today that is has entered into a definitive purchase and sale agreement with funds managed by the Private Equity Group o...

1 month ago - PRNewsWire

AMG vs. ARES: Which Stock Is the Better Value Option?

Other stocks mentioned: AMG
1 month ago - Zacks Investment Research

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today the final closing of its Ares Pathfinder Fund, L.P. (tog...

1 month ago - Business Wire

GREENWICH, Conn.--(BUSINESS WIRE)--Volery Capital, a private equity firm focused on growth investments in the financial services industry that benefit people and the planet, was selected by ImpactAssets...

2 months ago - Business Wire

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that its Chief Operating Officer and Chief Financial Officer, Michael McFerran, will participate in a pane...

2 months ago - Business Wire

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

2 months ago - Zacks Investment Research

SYDNEY & NEW YORK--(BUSINESS WIRE)--AMP Limited (“AMP”) and Ares Management Corporation (NYSE: ARES) (“Ares”) today announced that they have entered into a non-binding Heads of Agreement to pursue the f...

2 months ago - Business Wire

LONDON--(BUSINESS WIRE)--Ares Management Corporation (Ares) (NYSE: ARES) and Generation Partners (Generation) announced today that a joint venture established by a fund managed by the Ares Real Estate G...

2 months ago - Business Wire

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation (NYSE:ARES) announced today that its Chief Executive Officer and President, Michael Arougheti, and its Chief Operating Officer and Chief Financi...

2 months ago - Business Wire

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) is providing details on certain new financing commitments made across its U.S. direct lending strategies. Funds managed by Ares Man...

3 months ago - Business Wire

Shares of Ares Management (NYSE:ARES) were unchanged after the company reported Q4 results. Quarterly Results Earnings per share fell 19.40% over the past year to $0.54, which beat the estimate of $0.46.

3 months ago - Benzinga

Ares Management (ARES) delivered earnings and revenue surprises of 20.00% and -7.98%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation (NYSE:ARES) today reported its financial results for its fourth quarter and full year ended December 31, 2020. GAAP net income attributable to A...

3 months ago - Business Wire

Ares Management (ARES) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

3 months ago - Zacks Investment Research

LOS ANGELES & CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--Apex, Ares, Facebook, and McDonald's partner once again to bring new 302 MW Lincoln Land Wind project online in 2021.

3 months ago - Business Wire

Ares Management (ARES) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

3 months ago - Zacks Investment Research

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”) today announced that Indhira Arrington has joined the firm as Managing Director and Global Chief Diversity, Equity and Inc...

3 months ago - Business Wire

LOS ANGELES & SAN FRANCISCO--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) and aviation industry veterans, including Bob Brown, Sean Sullivan and Will Hudson, announced today the launch of V...

4 months ago - Business Wire

NEW YORK and LOS ANGELES, Jan. 11, 2021 /PRNewswire/ -- Pretium and a group of its investors, and funds managed by the Real Estate Equity and Alternative Credit strategies of Ares Management Corporation...

4 months ago - PRNewsWire

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation announced today that it will report earnings for the fourth quarter and fiscal year ended December 31, 2020 on Thursday, February 11, 2021 prior...

4 months ago - Business Wire

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation (“Ares”) (NYSE: ARES) and its indirect subsidiary Aspida Holdings Ltd. (“Aspida”) jointly announced today the completion of Aspida's previously ...

Other stocks mentioned: FNF
4 months ago - Business Wire

Ares Management: This Asset Manager Has Plenty Of Growth Runway

4 months ago - Seeking Alpha

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation announced today that its Chief Executive Officer and President, Michael Arougheti, is scheduled to present at the 2020 Goldman Sachs U.S. Financ...

5 months ago - Business Wire

Royce Investment Partners has revealed its portfolio for the third quarter, including several large reductions in holdings. These reductions include Ares Management Corp. (NYSE:ARES), Scholastic Corp. (...

Other stocks mentioned: BMCH, KWR, SCHL, TNC
5 months ago - GuruFocus

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) today announced that a fund managed by its Private Equity Group and Harvest Partners, LP have sold Valet Living, the largest nation...

5 months ago - Business Wire

LOS ANGELES & LONDON--(BUSINESS WIRE)--Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today that a fund managed by its Real Estate Group ha...

5 months ago - Business Wire

These companies are doing well by doing good -- for the planet, themselves, and their investors.

Other stocks mentioned: AQN, NEE
5 months ago - The Motley Fool

A divided Congress makes tax hike prospects as proposed by Joe Biden unlikely. So, private equity stocks - Blackstone (BX), KKR & Co (KKR), Carlyle Group (CG), Ares Management (ARES) & Apollo Global Man...

Other stocks mentioned: APO, BLK, BX, CG, KKR, TROW
6 months ago - Zacks Investment Research

NEW YORK--(BUSINESS WIRE)--Ares Management Corporation announced today that its Chief Executive Officer and President, Michael Arougheti, and its Chief Operating Officer and Chief Financial Officer, Mic...

6 months ago - Business Wire

Australian wealth manager AMP Ltd on Monday said a buyout offer from U.S.-based Ares Management Corp had an implied value of A$1.85 per share, valuing the proposal at A$6.36 billion ($4.47 billion).

6 months ago - Reuters

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) is providing details on certain new financing commitments made across its U.S. direct lending strategies. Funds managed by Ares Man...

6 months ago - Business Wire

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
Asset Management
IPO Date
May 2, 2014
CEO
Michael Arougheti
Employees
1,460
Stock Exchange
NYSE
Ticker Symbol
ARES
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 Forecasts

According to 11 analysts, the average rating for ARES stock is "Buy." The 12-month stock price forecast is 63.56, which is an increase of 24.31% from the latest price.

Price Target
$63.56
(24.31% upside)
Analyst Consensus: Buy