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Ares Management Corporation (ARES)

Stock Price: $72.46 USD 1.57 (2.21%)
Updated Aug 3, 2021 2:47 PM EDT - Market open
Market Cap 11.62B
Revenue (ttm) 2.41B
Net Income (ttm) 219.86M
Shares Out 149.27M
EPS (ttm) 1.38
PE Ratio 52.39
Forward PE 32.57
Dividend $1.67
Dividend Yield 2.30%
Trading Day August 3
Last Price $72.46
Previous Close $70.89
Change ($) 1.57
Change (%) 2.21%
Day's Open 71.69
Day's Range 70.35 - 72.46
Day's Volume 265,173
52-Week Range 36.95 - 72.46

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Ares Management (ARES) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

1 hour ago - Zacks Investment Research

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...

4 days ago - Business Wire

HONG KONG--(BUSINESS WIRE)--Ares SSG, a leading Asia-Pacific alternative asset manager, today announced the final close of its third Secured Lending Opportunities Fund III (“SLO III” or the “Fund”), ach...

4 days ago - Business Wire

Ares Management (ARES) delivered earnings and revenue surprises of 28.00% and 5.43%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

5 days ago - Zacks Investment Research

Shares of Ares Management (NYSE:ARES) remained unaffected after the company reported Q2 results. Quarterly Results Earnings per share rose 64.10% year over year to $0.64, which beat the estimate of $0.51.

5 days ago - Benzinga

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation (NYSE:ARES) today reported its financial results for its second quarter ended June 30, 2021. GAAP net income attributable to Ares Management Cor...

5 days ago - Business Wire

HAMILTON, Bermuda--(BUSINESS WIRE)--Aspida Life Re Ltd. ("Aspida Re"), a reinsurance company and subsidiary of Aspida Holdings Ltd. (together with its subsidiaries, "Aspida"), today announced that Jon S...

1 week ago - Business Wire

Ares Management (ARES) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 week ago - Zacks Investment Research

DURHAM, N.C.--(BUSINESS WIRE)--Aspida Holdings Ltd. (“Aspida”), an indirect subsidiary of Ares Management Corporation (“Ares”) (NYSE: ARES), announced today that it has closed on the acquisition of Glob...

2 weeks ago - Business Wire

RICHMOND, Va.--(BUSINESS WIRE)--Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised Resource Label Group, LLC (RLG), a portfolio company of First Atlant...

3 weeks ago - Business Wire

FRANKLIN, Tenn.--(BUSINESS WIRE)--Resource Label Group, a leading label and packaging manufacturer, announced the completion of a merger agreement with Ares Management Corporation.

3 weeks ago - Business Wire

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation announced today that it will report earnings for the second quarter ended June 30, 2021 on Thursday, July 29, 2021 prior to the opening of the N...

1 month ago - Business Wire

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that a subsidiary of Ares completed its previously disclosed acquisition of Black Creek Group's U.S. real ...

1 month ago - Business Wire

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) announced today that funds managed by Ares have committed more than $1 billion of investments over the last six months in the sport...

1 month ago - Business Wire

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation (the “Company”) (NYSE: ARES) today announced the pricing of the previously announced offering of $450,000,000 of 4.125% Fixed-Rate Resettable Su...

1 month ago - Business Wire

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation (the “Company”) (NYSE: ARES) today announced that its indirect subsidiary, Ares Finance Co. III LLC, intends to offer fixed-rate resettable subo...

1 month ago - Business Wire

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation (“Ares” or the “Firm”) (NYSE: ARES), a leading global alternative investment manager, today announced the launch of the Ares Charitable Foundati...

1 month ago - Business Wire

BOCA RATON, Fla. & DENVER--(BUSINESS WIRE)--Unified Women's Healthcare (“Unified”), a leading practice management platform in women's healthcare backed by Altas Partners (“Altas”), funds managed by the ...

1 month ago - Business Wire

NEW YORK--(BUSINESS WIRE)--Apollo Global Management, Inc. (Apollo), Ares Management Corporation (Ares) and Oaktree Capital Management, L.P. (Oaktree) today announced a 10-year, $90 million, industry-fir...

Other stocks mentioned: APO
1 month 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...

1 month ago - Business Wire

BOSTON--(BUSINESS WIRE)--BrightSphere Investment Group Inc. (NYSE: BSIG) today announced that it has completed the sale of its 60% ownership interest in Landmark Partners LLC (“Landmark”) to Ares Manage...

Other stocks mentioned: BSIG
2 months ago - Business Wire

LOS ANGELES--(BUSINESS WIRE)--Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that its subsidiary has completed its previously disclosed acquisition of Landmark Partners, LLC (collecti...

2 months ago - Business Wire

Leading Core / Core-Plus Real Estate Firm Will Expand Ares' Real Estate Group with Complementary Capabilities and Vertically Integrated Platform in High Conviction Industrial Sector

2 months ago - GlobeNewsWire

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 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 Financ...

2 months 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 months 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...

2 months 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...

3 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

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?

3 months 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...

3 months 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...

3 months 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...

3 months 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 months ago - Zacks Investment Research

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

Other stocks mentioned: AMG
3 months 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 ...

3 months 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...

3 months 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...

3 months 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 ...

4 months 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...

4 months 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
4 months 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
4 months 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...

4 months ago - PRNewsWire

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

Other stocks mentioned: AMG
4 months 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...

4 months 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...

4 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...

4 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.

4 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...

5 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...

5 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 68.13, which is a decrease of -5.98% from the latest price.

Price Target
$68.13
(-5.98% downside)
Analyst Consensus: Buy