Ares Management Corporation (ARES)

NYSE: ARES · IEX Real-Time Price · USD
104.96
-0.74 (-0.70%)
Sep 26, 2023, 9:51 AM EDT - Market open
-0.7%
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... [Read more]

Sector Financials
IPO Date May 2, 2014
Employees 2,550
Stock Exchange NYSE
Ticker Symbol ARES
Full Company Profile

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%.

Financial Statements

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
Stock Forecasts

News

Ares Management Corporation to Present at the BofA Securities 28th Annual Financials CEO Conference

NEW YORK, NY / ACCESSWIRE / September 18, 2023 / Ares Management Corporation announced today that its Chief Executive Officer and President, Michael Arougheti, is scheduled to present at the BofA Secu...

8 days ago - Accesswire

X-energy and Ares Acquisition Corporation Announce Additional Committed Capital and Attractive Strategic Updates to Business Combination

ROCKVILLE, Md. & NEW YORK--(BUSINESS WIRE)--X-Energy Reactor Company, LLC (“X-energy”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, ...

Other symbols: AAC
13 days ago - Business Wire

Virgin Voyages Announces $550 Million in Funding Led by Ares Management to Further Accelerate Growth

Founding CEO Tom McAlpin to retire as CEO and transition to Chairman of the Board of Directors. President and CXO Nirmal Saverimuttu named CEO.

18 days ago - PRNewsWire

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

NEW YORK, NY / ACCESSWIRE / September 5, 2023 / Ares Management Corporation announced today that its Chief Executive Officer and President, Michael Arougheti, is scheduled to present at the Barclays G...

21 days ago - Accesswire

Ares Management CEO: A 'false narrative' that the private credit market will get overheated

Ares Management CEO Michael Arougheti joins 'Squawk on the Street' to discuss whether things will get overheated in the private credit market, how the chief executive differentiates their underwriting...

7 weeks ago - CNBC Television

Ares Management stock holds gains despite broad market losses on stronger-than-expected profit

Ares Management Corp. ARES, +1.90% stock was up 1.5% on Tuesday after beating its second-quarter earnings target, despite losses in financial stocks. Ares reported an adjusted profit of 90 cents a sha...

7 weeks ago - Market Watch

Ares Management Corporation Announces U.S. Direct Lending Origination Activity for the Second Quarter and Last Twelve Months 2023

NEW YORK--(BUSINESS WIRE)--Ares Management Corporation announced today that funds managed by its Credit Group (collectively “Ares”) closed approximately $4.1 billion in U.S. direct lending commitments...

2 months ago - Business Wire

Ares Management Corporation Reports Second Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE:ARES) today reported its financial results for its second quarter ended June 30, 2023. GAAP net income attributable to Ares Management Corp...

2 months ago - Business Wire

Dynamic Renewables Receives Strategic Investment from Ares Management

MENASHA, Wis.--(BUSINESS WIRE)--Dynamic Renewables (“Dynamic” or the “Company”), a full-service developer, owner and operator of waste management and anaerobic digestion renewable fuel projects across...

2 months ago - Business Wire

Ares Management Corporation to Acquire Crescent Point Capital

NEW YORK & SINGAPORE--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that Ares has entered into a definitive agreement to acquire 100% of Crescent Point Capital (“C...

2 months ago - Business Wire

These 20 banks have had the largest cuts to earnings estimates

Earnings season for the largest U.S. banks will begin on Friday, July 14, when JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. announce their second-quarter results. Rounding out the “big s...

Other symbols: ALLYBACBPOPCCADECFGCMA
2 months ago - Market Watch

Ares Management Corporation Schedules Earnings Release and Conference Call for the Second Quarter Ending June 30, 2023

NEW YORK--(BUSINESS WIRE)--Ares Management Corporation announced today that it will report earnings for the second quarter ending June 30, 2023 on Tuesday, August 1, 2023 prior to the opening of the N...

3 months ago - Business Wire

PacWest Sells $3.5 Billion in Loans to Ares

PacWest Bancorp sold a $3.5 billion asset-backed loan portfolio to Ares Management Corp., the latest example of a bank seeking to improve liquidity by selling assets to private investment firms. Bloom...

Other symbols: PACW
3 months ago - Bloomberg Markets and Finance

PacWest sells lender-finance loan portfolio to Ares Management

PacWest Bancorp (NASDAQ: PACW) is in focus this morning after Ares Management Corp agreed to buy its specialty finance portfolio. What's in it for Ares Management?

Other symbols: PACW
3 months ago - Invezz

PacWest sells loan portfolio to Ares Management in deal that generates $2 bln ‘to improve liquidity'

PacWest Bancorp PACW, +0.56% said Monday it agreed to sell a lender finance loan portfolio to Ares Management Corp. ARES, -2.37% in a deal expected to provide $2 billion before transaction costs for t...

Other symbols: PACW
3 months ago - Market Watch

Ares acquires $3.5 bln loan portfolio from PacWest

Private-equity firm Ares Management said on Monday it had acquired a $3.5 billion specialty finance loan portfolio from PacWest Bancorp.

Other symbols: PACW
3 months ago - Reuters

Ares Management Acquires $3.5 Billion Lender Finance Portfolio from Pacific Western Bank

NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that certain funds managed by its Alternative Credit stra...

Other symbols: PACW
3 months ago - Business Wire

Extreme Reach Receives Investment from Ares Management

NEW YORK--(BUSINESS WIRE)--Extreme Reach, Inc. (“Extreme Reach,” “ER” or the “Company”) today announced that a fund managed by Ares Management's Private Equity Group has agreed to make a significant s...

3 months ago - Business Wire

Ares CEO Arougheti on PE Optimism, Consolidation

Ares Management CEO Michael Arougheti says the tone in private equity is "clearly more optimistic than last year" and sees more deal flow working into the system in the next six months. He speaks with...

3 months ago - Bloomberg Markets and Finance

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 Co...

4 months ago - Business Wire

Ares Management CEO Michael Arougheti makes the bull case for private credit

Michael Arougheti, Ares Management Corporation co-founder, joins 'Squawk on the Street' to discuss opportunities in private credit.

4 months ago - CNBC Television

Ares Management Corporation to Present at the Bernstein 39th 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 39th Annual Strategic...

4 months ago - Business Wire

Ares Management Serves as Lead Arranger and Junior Agent for $3 Billion in Financing to Support the Acquisition of Merchants Fleet by Bain Capital, ADIA and the Merchants Executive Team

NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that funds managed by its U.S. Direct Lending and Alternative Credit strategies served as the lead arranger...

5 months ago - Business Wire

Ares CEO on Economy, Real Estate, Sports Investing

Michael Arougheti, co-founder and CEO of Ares Management Corp., says “The economy is actually still on good footing." He speaks with Romaine Bostick and Sonali Basak from the sidelines of the Milken I...

5 months ago - Bloomberg Markets and Finance

Ares Management Corporation Announces U.S. Direct Lending Origination Activity for the First Quarter and Last Twelve Months 2023

NEW YORK--(BUSINESS WIRE)--Ares Management Corporation announced today that funds managed by its Credit Group (collectively “Ares”) closed approximately $2.1 billion in U.S. direct lending commitments...

5 months ago - Business Wire