Ares Management Corporation (ARES)
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]
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 StatementsAnalyst 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.
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...

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, ...

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.

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...
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...

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...

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...

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...

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...

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...

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...

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...
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...

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?

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...

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.

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...

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...
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...

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...
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.

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...

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...
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...

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...