Ares Management Corporation (ARES)
| Market Cap | 19.17B |
| Revenue (ttm) | 3.58B |
| Net Income (ttm) | 294.41M |
| Shares Out | 293.93M |
| EPS (ttm) | 1.57 |
| PE Ratio | 41.54 |
| Forward PE | 17.79 |
| Dividend | $2.30 (3.53%) |
| Ex-Dividend Date | Sep 15, 2022 |
| Volume | 2,289,907 |
| Open | 65.84 |
| Previous Close | 67.18 |
| Day's Range | 63.55 - 65.92 |
| 52-Week Range | 53.15 - 90.08 |
| Beta | 1.20 |
| Analysts | Buy |
| Price Target | 88.28 (+35.4%) |
| Earnings Date | Oct 25, 2022 |
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 2021, ARES's revenue was $4.21 billion, an increase of 138.77% compared to the previous year's $1.76 billion. Earnings were $408.84 million, an increase of 168.72%.
Financial StatementsAnalyst Forecast
According to 20 analysts, the average rating for ARES stock is "Buy." The 12-month stock price forecast is 88.28, which is an increase of 35.36% from the latest price.
News
CAIS Announces Partnership with Ares Wealth Management Solutions to Support Greater Access to Alternatives for Indepe...
NEW YORK--(BUSINESS WIRE)--CAIS, the leading alternative investment platform, today announced its collaboration with Ares Wealth Management Solutions (“AWMS”) to onboard select Ares Management (“Ares”) ...
Ares Management Raises $3.7 Billion of Sports, Media and Entertainment Capital
NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today that it has raised $3.7 billion of dedicated capital focuse...
Ares Management CEO Michael Arougheti breaks down where to find yield in a world of uncertainty
Ares Management has been a beneficiary of the current environment with heightened demand for floating rate credit and real assets.
James Kim Joins Ares Management as Head of European Special Opportunities in the Ares Private Equity Group
LONDON--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that James Kim has joined Ares as a Partner and Head of European Special Opportunities in Ares' Private Equity ...
Ares Management Corporation to Present at the Barclays Global Financial Services Conference
NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (the “Company”) announced today that its Chief Executive Officer and President, Michael Arougheti, is scheduled to present at the Barclays Global F...
iCapital® and Ares Wealth Management Solutions Expand Partnership
NEW YORK--(BUSINESS WIRE)--Partnership provides financial advisors broader access to Ares' alternative investment solutions via multiple distribution channels.
Barry Miller Appointed Chief Executive Officer of Ares Private Markets Fund
NEW YORK--(BUSINESS WIRE)--Ares Private Markets Fund (“APMF” or the “Fund”) announced today that it has appointed Barry Miller as Chief Executive Officer, effective August 11, 2022. Mr. Miller is curren...
Atlas Crane Service Acquired by Ares Management
AURORA, Ill.--(BUSINESS WIRE)--Atlas Crane Service, LLC (“Atlas” or the “Company”), a full-service crane rental company that primarily serves the wind industry, announced today that a fund managed by th...
Ares Management (ARES) Q2 Earnings Top Estimates
Ares Management (ARES) delivered earnings and revenue surprises of 5.71% and 0.02%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Ares Management Corporation Announces U.S. Direct Lending Origination Activity for Second Quarter and Last Twelve Months
NEW YORK--(BUSINESS WIRE)--Ares Management Corporation announced today that funds managed by its Credit Group (collectively “Ares”) closed approximately $5.9 billion in U.S. direct lending commitments a...
Ares Management Corporation Reports Second Quarter 2022 Results
NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) today reported its financial results for its second quarter ended June 30, 2022. GAAP net income attributable to Ares Management Corpo...
Marriott International, RIDA Development Corporation, and Ares Management Announce Commencement of Construction of Ga...
Gaylord Hotels' Expands Footprint with Sixth Resort and Convention Center in Southern California BETHESDA, Md. , July 27, 2022 /PRNewswire/ -- Marriott International, Inc. today announced the commenceme...
US Heart & Vascular and Willowbrook Cardiovascular Associates Announce Partnership to Deliver Quality Cardiovascular ...
NASHVILLE, Tenn.--(BUSINESS WIRE)--US Heart & Vascular (“USHV”), the leading national provider of support services to cardiovascular physician practices, announced today that it has signed a definitive ...
Ares Management Corporation Schedules Earnings Release and Conference Call for the Second Quarter Ended June 30, 2022
NEW YORK--(BUSINESS WIRE)--Ares Management Corporation announced today that it will report earnings for the second quarter ended June 30, 2022 on Thursday, July 28, 2022 prior to the opening of the New ...
Ares Management Corporation Announces the Release of its Inaugural TCFD Climate Action Report and Annual Sustainabili...
NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today the release of its first-ever TCFD Climate Action Report al...
Ares: A Private Market Titan With a 3.7% dividend
Ares Management Corp. ( ARES , Financial) is a leading alternative asset manager which specializes in private equity and real estate. The company was founded in 1997 and had their IPO in 2014.
Ares Management Commits Sustainability-Linked Debt Facility to EdgeConneX®
NEW YORK & LONDON--(BUSINESS WIRE)--Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that funds managed by its Infrastructure Debt strategy have committed a delayed draw sustainability-...
CEO of Ares Management weighs in on the global credit market and the Fed's inflation fight
Leslie Picker speaks with Ares Management co-founder and CEO Michael Arougheti from the annual SuperReturn private equity conference in Berlin.
Ares Management Corporation Launches Dedicated Wealth Management Solutions in Asia
NEW YORK & HONG KONG--(BUSINESS WIRE)--Ares Management Corporation (“Ares”) announced today that Henry Lee has joined Ares Wealth Management Solutions (“AWMS”) to lead its Asia efforts as part of the Fi...
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 Conf...
Analyst Names 3 Best Alternative Asset Manager Stocks To Buy
Bank of America recently met with iCapital Network's Chairman & CEO Lawrence Calcano to discuss the democratization of alternative asset investing. On Tuesday, Bank of America analyst Craig Siegenthaler...
Ryan To Receive New Investment From Ares Management and Continued Investment From Onex Partners
DALLAS and TORONTO, May 26, 2022 (GLOBE NEWSWIRE) -- Ryan, LLC (“Ryan” or the “Company”) and Onex Corporation (“Onex”) (TSX: ONEX) announced today a private equity fund managed by Ares Management Corpor...
Ares Management Corporation to Present at the Bernstein 38th 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 38th Annual Strategic D...
Generally you should see continued flows into Treasurys, says Ares Management CEO
Michael Arougheti, Ares Management co-founder, CEO and president, joins 'Squawk on the Street' to discuss his concerns around equity markets, recession risks and more.
Ares Management (ARES) Q1 Earnings and Revenues Lag Estimates
Ares Management (ARES) delivered earnings and revenue surprises of -1.52% and 11.62%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?