Ares Management Corporation (ARES)

Market Cap	24.59B
Revenue (ttm)	3.63B
Net Income (ttm)	474.33M
Shares Out	189.88M
EPS (ttm)	2.42
PE Ratio	53.52
Forward PE	27.70
Dividend	$3.72 (2.87%)
Ex-Dividend Date	Mar 14, 2024

Volume	1,053,196
Open	130.13
Previous Close	130.70
Day's Range	128.65 - 131.79
52-Week Range	77.97 - 139.48
Beta	1.19
Analysts	Buy
Price Target	125.90 (-2.8%)
Earnings Date	May 2, 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...

• Industry: Asset Management
• Sector: Financials
• IPO Date: May 2, 2014
• Employees: 2,850
• Stock Exchange: NYSE
• Ticker Symbol: ARES

Financial Performance

In 2023, ARES's revenue was $3.63 billion, an increase of 18.87% compared to the previous year's $3.06 billion. Earnings were $474.33 million, an increase of 183.11%.

Analyst Forecast

According to 11 analysts, the average rating for ARES stock is "Buy." The 12-month stock price forecast is $125.9, which is a decrease of -2.80% from the latest price.

Price Target

$125.9

(-2.80% downside)

Analyst Consensus: Buy