Ares Management Corporation (ARES)
| Market Cap | 22.07B |
| Revenue (ttm) | 3.52B |
| Net Income (ttm) | 417.87M |
| Shares Out | 185.59M |
| EPS (ttm) | 2.17 |
| PE Ratio | 54.80 |
| Forward PE | 27.14 |
| Dividend | $3.08 (2.59%) |
| Ex-Dividend Date | Dec 14, 2023 |
| Volume | 374,826 |
| Open | 119.88 |
| Previous Close | 119.88 |
| Day's Range | 118.80 - 120.38 |
| 52-Week Range | 67.29 - 120.99 |
| Beta | 1.29 |
| Analysts | Buy |
| Price Target | 106.55 (-10.4%) |
| Earnings Date | Feb 8, 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... [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 12 analysts, the average rating for ARES stock is "Buy." The 12-month stock price forecast is $106.55, which is a decrease of -10.40% from the latest price.
News
Ares Management Raises Approximately $3.3 Billion of Real Estate Secondaries Capital
NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that it has raised approximately $3.3 billion of real est...
Ares Management Corporation to Present at the Goldman Sachs 2023 US Financial Services Conference
NEW YORK, NY / ACCESSWIRE / November 21, 2023 / Ares Management Corporation announced today that its Chief Executive Officer and President, Michael Arougheti, is scheduled to present at the Goldman Sa...
Ares Management Corporation Prices Offering of Senior Notes
NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (the “Company”) (NYSE: ARES) today announced that it has priced an offering of $500,000,000 aggregate principal amount of its 6.375% Senior Notes...
Cureton Midstream Announces Sale to Williams
DENVER , Nov. 2, 2023 /PRNewswire/ -- Tailwater Capital LLC ("Tailwater"), an energy and growth infrastructure private equity firm, and a fund managed by the Private Equity Group of Ares Management ("...
Ares Acquisition Corp., X-energy scrap $1.8B merger due to ‘persistently volatile public markets'
Ares Acquisition Corp. and X-energy Reactor Company LLC on Tuesday called off their $1.8 billion merger deal due partly to challenging market conditions. A shareholder meeting Tuesday to vote on the b...
Ares Management Corporation Announces U.S. Direct Lending Origination Activity
NEW YORK--(BUSINESS WIRE)--Ares Management Corporation announced today that funds managed by its Credit Group (collectively “Ares”) closed approximately $6.1 billion in U.S. direct lending commitments...
Ares Management Corporation Reports Third Quarter 2023 Results
NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE:ARES) today reported its financial results for its third quarter ended September 30, 2023. GAAP net income attributable to Ares Management ...
Ares Management Closes $6.6 Billion Pathfinder II Alternative Credit Fund to Invest in Private Asset Based Credit
NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today the final closing of Ares Pathfinder Fund II, L.P. and Ar...
Ares Management Launches Ares European Strategic Income Fund to Expand its Offering to Global Wealth Channel
LONDON--(BUSINESS WIRE)--Ares Management Corporation (NYSE:ARES) (“Ares”), a leading global alternative investment manager, announced today the launch of Ares European Strategic Income Fund (“AESIF”),...
Ares Management Corporation and Vinci Partners Announce Strategic Partnership and Investment
NEW YORK & RIO DE JANEIRO--(BUSINESS WIRE)--Ares Management Corporation (“Ares”) (NYSE: ARES) and Vinci Partners Investments Ltd. (“Vinci Partners” or “Vinci”) (NASDAQ: VINP) announced today that they...
Ares Management Corporation Schedules Earnings Release and Conference Call for the Third Quarter Ending September 30, 2023
NEW YORK--(BUSINESS WIRE)--Ares Management Corporation announced today that it will report earnings for the third quarter ending September 30, 2023 on Tuesday, October 31, 2023 prior to the opening of...
Ares Capital Corporation Schedules Earnings Release for the Third Quarter Ended September 30, 2023
NEW YORK, NY / ACCESSWIRE / October 2, 2023 / Ares Capital Corporation ("Ares Capital") (NASDAQ:ARCC) announced today that it will report earnings for the third quarter ended September 30, 2023 on Tue...
Good companies are staying private longer, says Ares Management CEO Michael Arougheti
Michael Arougheti, Ares Management Corporation co-founder and CEO, Damien Dwin, Lafayette Square founder and CEO, and Armen Panossian, Oaktree incoming co-CEO, join CNBC's Delivering Alpha 2023 confer...
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...