Summary
160.34 3.29(2.09%)10/04/2024
Ares Management Corp (ARES)
Ares Management Corp (ARES)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| 2.09 | 2.19 | 13.77 | 15.97 | 21.29 | 56.63 | 574.87 | 1,186.85 |
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| Trading Data | ||
| Close | 160.34 | |
| Open | 159.19 | |
| High | 160.35 | |
| Low | 157.89 | |
| Volume | 909,439 | |
| Change | 3.28 | |
| Change % | 2.09 | |
| Avg Volume (20 Days) | 724,602 | |
| Volume/Avg Volume (20 Days) Ratio | 1.26 | |
| 52 Week Range | 96.00 - 160.35 | |
| Price vs 52 Week High | -0.01% | |
| Price vs 52 Week Low | 67.02% | |
| Range | 0.72 | |
| Gap Up/Down | -0.11 | |
Fundamentals | ||
| Market Capitalization (Mln) | 30,614 | |
| EBIDTA | 822,668,032 | |
| PE Ratio | 40.8471 | |
| PEG Ratio | 0.6300 | |
| WallStreet Target Price | 90.38 | |
| Book Value | 10.2490 | |
| Earnings Per Share | 1.8770 | |
| EPS Estimate Current Quarter | 0.6200 | |
| EPS Estimate Next Quarter | 0.7200 | |
| EPS Estimate Current Year | 2.4500 | |
| EPS Estimate Next Year | 3.1900 | |
| Diluted EPS (TTM) | 1.8770 | |
| Revenues | ||
| Profit Marging | 0.1023 | |
| Operating Marging (TTM) | 0.2067 | |
| Return on asset (TTM) | 0.0264 | |
| Return on equity (TTM) | 0.2517 | |
| Revenue TTM | 3,559,939,072 | |
| Revenue per share TTM | 22.6790 | |
| Quarterly Revenue Growth (YOY) | 0.9370 | |
| Quarterly Earnings Growth (YOY) | 0.7050 | |
| Gross Profit (TTM) | 592,678,000 | |
| Dividends | ||
| Dividend Share | 1.8100 | |
| Dividend Yield | 0.0233 | |
| Valuations | ||
| Trailing PE | 40.8471 | |
| Forward PE | 25.0000 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 7.6795 | |
| Revenue Enterprise Value | 6.5490 | |
| EBITDA Enterprise Value | 17.6776 | |
| Shares | ||
| Shares Outstanding | 167,614,000 | |
| Shares Float | 145,528,628 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.00 | |
| Insider (%) | 22.76 | |
| Institutions (%) | 71.20 | |
10/04 13:37 EST - youtube.com
Final Trades: Deckers, Citigroup, Ares Management and Crowdstrike
The Investment Committee give you their top stocks to watch for the second half.
Final Trades: Deckers, Citigroup, Ares Management and Crowdstrike
The Investment Committee give you their top stocks to watch for the second half.
10/04 06:30 EST - accesswire.com
Ares Management Corporation Schedules Earnings Release and Conference Call for the Third Quarter Ending September 30, 2024
NEW YORK, NY / ACCESSWIRE / October 4, 2024 / Ares Management Corporation announced today that it will report earnings for the third quarter ending September 30, 2024 on Friday, November 1, 2024 prior to the opening of the New York Stock Exchange. Ares Management Corporation will hold its webcast/conference call on the same day at 11:00 a.m.
Ares Management Corporation Schedules Earnings Release and Conference Call for the Third Quarter Ending September 30, 2024
NEW YORK, NY / ACCESSWIRE / October 4, 2024 / Ares Management Corporation announced today that it will report earnings for the third quarter ending September 30, 2024 on Friday, November 1, 2024 prior to the opening of the New York Stock Exchange. Ares Management Corporation will hold its webcast/conference call on the same day at 11:00 a.m.
10/02 12:46 EST - zacks.com
AMP vs. ARES: Which Stock Should Value Investors Buy Now?
Investors interested in Financial - Investment Management stocks are likely familiar with Ameriprise Financial Services (AMP) and Ares Management (ARES). But which of these two stocks presents investors with the better value opportunity right now?
AMP vs. ARES: Which Stock Should Value Investors Buy Now?
Investors interested in Financial - Investment Management stocks are likely familiar with Ameriprise Financial Services (AMP) and Ares Management (ARES). But which of these two stocks presents investors with the better value opportunity right now?
10/02 12:00 EST - seekingalpha.com
Ares Management: A Great Business, Just Too Expensive Today
Ares Management is a major player in private credit, managing nearly $447 billion across various strategies, with a strong focus on credit investments. The company has experienced significant growth, with an 18% CAGR in AUM and nearly 1300% total shareholder return over the past decade. Ares is well-positioned to benefit from long-term trends in alternative investments, particularly private credit, which is expected to continue growing.
Ares Management: A Great Business, Just Too Expensive Today
Ares Management is a major player in private credit, managing nearly $447 billion across various strategies, with a strong focus on credit investments. The company has experienced significant growth, with an 18% CAGR in AUM and nearly 1300% total shareholder return over the past decade. Ares is well-positioned to benefit from long-term trends in alternative investments, particularly private credit, which is expected to continue growing.
10/02 08:15 EST - prnewswire.com
Second Avenue Capital Partners and Ares Management Provide Gabe's with New $175,000,000 Credit Facility
BOSTON , Oct. 2, 2024 /PRNewswire/ -- Second Avenue Capital Partners (" SACP "), a Schottenstein affiliate, is pleased to announce the closing of a $175,000,000 Senior Secured Revolving Line of Credit for Gabe's, a leading off-price retailer operating in the mid-Atlantic and Southeast US. The new credit facility, which was provided by SACP and Ares Management Credit funds (" Ares "), will be used to support Gabe's ongoing growth initiatives, enhance operational flexibility, and strengthen the company's capital structure.
Second Avenue Capital Partners and Ares Management Provide Gabe's with New $175,000,000 Credit Facility
BOSTON , Oct. 2, 2024 /PRNewswire/ -- Second Avenue Capital Partners (" SACP "), a Schottenstein affiliate, is pleased to announce the closing of a $175,000,000 Senior Secured Revolving Line of Credit for Gabe's, a leading off-price retailer operating in the mid-Atlantic and Southeast US. The new credit facility, which was provided by SACP and Ares Management Credit funds (" Ares "), will be used to support Gabe's ongoing growth initiatives, enhance operational flexibility, and strengthen the company's capital structure.
09/26 16:15 EST - businesswire.com
Ares Management Corporation to Acquire Walton Street Mexico
NEW YORK & MEXICO CITY--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that one of its subsidiaries has entered into a definitive agreement to acquire 100% of Walton Street Capital Mexico S. de R.L. de C.V. and certain of its affiliates (“Walton Street Mexico”), a leading real estate asset management platform focused primarily on the industrial sector with US$2.1 billion in assets under management as of June 30, 2024, from Walton Street Capital, L.L.C. (“Walt.
Ares Management Corporation to Acquire Walton Street Mexico
NEW YORK & MEXICO CITY--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that one of its subsidiaries has entered into a definitive agreement to acquire 100% of Walton Street Capital Mexico S. de R.L. de C.V. and certain of its affiliates (“Walton Street Mexico”), a leading real estate asset management platform focused primarily on the industrial sector with US$2.1 billion in assets under management as of June 30, 2024, from Walton Street Capital, L.L.C. (“Walt.
09/26 08:00 EST - seekingalpha.com
3 BDCs Positioned To Successfully Navigate A Recession
The Fed's 50 basis points rate cut signals a potential recession, urging long-term investors to focus on quality companies with strong fundamentals. Blackstone Secured Lending, Ares Capital, and Golub Capital BDC are well-equipped to handle economic downturns due to their strong portfolios, first-lien loan exposures, and investment-rated balance sheets. BDCs like BXSL, ARCC, and GBDC have high liquidity, investment-grade credit ratings, and experienced management, positioning them favorably for economic volatility.
3 BDCs Positioned To Successfully Navigate A Recession
The Fed's 50 basis points rate cut signals a potential recession, urging long-term investors to focus on quality companies with strong fundamentals. Blackstone Secured Lending, Ares Capital, and Golub Capital BDC are well-equipped to handle economic downturns due to their strong portfolios, first-lien loan exposures, and investment-rated balance sheets. BDCs like BXSL, ARCC, and GBDC have high liquidity, investment-grade credit ratings, and experienced management, positioning them favorably for economic volatility.
09/18 08:15 EST - prnewswire.com
Second Avenue Capital Partners, SB360 Capital Partners, and Ares Commercial Finance Support CSC Generation Enterprise's Acquisition of Backcountry with a $112,000,000 Credit Facility
BOSTON , Sept. 18, 2024 /PRNewswire/ -- Schottenstein affiliates Second Avenue Capital Partners (SACP) and SB360 Capital Partners (SB360), providers of customized solutions for the retail and consumer product sectors, along with Ares Commercial Finance (Ares), are pleased to announce the closing of a $112,000,000 Senior Secured Revolving Credit Facility and Term Loan for Backcountry, the leading, premium specialty retailer of outdoor gear and apparel.
Second Avenue Capital Partners, SB360 Capital Partners, and Ares Commercial Finance Support CSC Generation Enterprise's Acquisition of Backcountry with a $112,000,000 Credit Facility
BOSTON , Sept. 18, 2024 /PRNewswire/ -- Schottenstein affiliates Second Avenue Capital Partners (SACP) and SB360 Capital Partners (SB360), providers of customized solutions for the retail and consumer product sectors, along with Ares Commercial Finance (Ares), are pleased to announce the closing of a $112,000,000 Senior Secured Revolving Credit Facility and Term Loan for Backcountry, the leading, premium specialty retailer of outdoor gear and apparel.
09/12 12:00 EST - globenewswire.com
ENGIE enters a partnership with Ares Management for a 2.7 GW portfolio of Renewables and Storage Assets in the U.S.
HOUSTON, Sept. 12, 2024 (GLOBE NEWSWIRE) -- ENGIE North America (ENGIE) announced that it recently closed a partnership with Ares Management Infrastructure Opportunities funds (Ares). This transaction represents the largest operating portfolio sell down for ENGIE in the U.S. and is one of the largest sales completed in the renewables sector based on total capacity. ENGIE will retain a controlling share in the portfolio and will continue to operate and manage the assets.
ENGIE enters a partnership with Ares Management for a 2.7 GW portfolio of Renewables and Storage Assets in the U.S.
HOUSTON, Sept. 12, 2024 (GLOBE NEWSWIRE) -- ENGIE North America (ENGIE) announced that it recently closed a partnership with Ares Management Infrastructure Opportunities funds (Ares). This transaction represents the largest operating portfolio sell down for ENGIE in the U.S. and is one of the largest sales completed in the renewables sector based on total capacity. ENGIE will retain a controlling share in the portfolio and will continue to operate and manage the assets.
09/04 18:08 EST - seekingalpha.com
Ares Management: A Booming Giant With A Price Tag To Match
Ares Management is experiencing explosive growth in assets under management, with a 19% annual growth rate, reaching $447 billion, driving elevated fee revenue growth. The firm excels in credit and alternative investments, benefiting from secular growth trends in private credit, real estate, and infrastructure, offering multiple income streams. Despite strong long-term prospects and a Buy rating, Ares' current P/E ratio of 35.7x suggests it's overvalued, making it prudent to wait for a pullback.
Ares Management: A Booming Giant With A Price Tag To Match
Ares Management is experiencing explosive growth in assets under management, with a 19% annual growth rate, reaching $447 billion, driving elevated fee revenue growth. The firm excels in credit and alternative investments, benefiting from secular growth trends in private credit, real estate, and infrastructure, offering multiple income streams. Despite strong long-term prospects and a Buy rating, Ares' current P/E ratio of 35.7x suggests it's overvalued, making it prudent to wait for a pullback.
09/03 16:30 EST - accesswire.com
Ares Management Corporation to Present at the Barclays Global Financial Services Conference
NEW YORK, NY / ACCESSWIRE / September 3, 2024 / Ares Management Corporation announced today that its Chief Executive Officer and President, Michael Arougheti, is scheduled to present at the Barclays Global Financial Services Conference on Tuesday, September 10, 2024 at 9:45am ET. A live audio webcast of the presentation will be available in the Investor Resources section of the Company's website at www.aresmgmt.com.
Ares Management Corporation to Present at the Barclays Global Financial Services Conference
NEW YORK, NY / ACCESSWIRE / September 3, 2024 / Ares Management Corporation announced today that its Chief Executive Officer and President, Michael Arougheti, is scheduled to present at the Barclays Global Financial Services Conference on Tuesday, September 10, 2024 at 9:45am ET. A live audio webcast of the presentation will be available in the Investor Resources section of the Company's website at www.aresmgmt.com.
08/30 14:00 EST - 247wallst.com
3 Stocks Ready to Profit From the NFL's Private Equity Agreement
The NFL season starts Thursday night with the defending Super Bowl champion Kansas City Chiefs hosting the Baltimore Ravens.
3 Stocks Ready to Profit From the NFL's Private Equity Agreement
The NFL season starts Thursday night with the defending Super Bowl champion Kansas City Chiefs hosting the Baltimore Ravens.
08/07 17:27 EST - seekingalpha.com
Big Dividends From A Recession-Resistant Portfolio
There are growing risks of a recession hitting due to weakening job numbers, rising unemployment, and weakening consumer spending capacity. We share a portfolio of high-yield stocks that should be able to weather a recession quite well. The yields range from 4.5%-14%.
Big Dividends From A Recession-Resistant Portfolio
There are growing risks of a recession hitting due to weakening job numbers, rising unemployment, and weakening consumer spending capacity. We share a portfolio of high-yield stocks that should be able to weather a recession quite well. The yields range from 4.5%-14%.
08/06 11:30 EST - seekingalpha.com
Very Bad News For BDCs
The BDC sector is now in a correction. It also faces numerous significant headwinds. We share our outlook on and approach to the sector moving forward.
Very Bad News For BDCs
The BDC sector is now in a correction. It also faces numerous significant headwinds. We share our outlook on and approach to the sector moving forward.
08/05 09:15 EST - reuters.com
Ares Management leads private equity drive in Italy
Global private credit firms, including industry leader Ares Management, are increasingly focused on Italy as more small businesses which are the backbone of its economy open up to outside investors, providing buyout deal opportunities.
Ares Management leads private equity drive in Italy
Global private credit firms, including industry leader Ares Management, are increasingly focused on Italy as more small businesses which are the backbone of its economy open up to outside investors, providing buyout deal opportunities.
08/02 16:14 EST - seekingalpha.com
Ares Management Corporation (ARES) Q2 2024 Earnings Call Transcript
Ares Management Corporation (NYSE:ARES ) Q2 2024 Earnings Conference Call August 2, 2024 11:00 AM ET Company Participants Greg Mason - Co-Head-Public Markets IR Michael Arougheti - CEO Jarrod Phillips - CFO Conference Call Participants Craig Siegenthaler - Bank of America Steven Chubak - Wolfe Research Alex Blostein - Goldman Sachs Brennan Hawken - UBS Bill Katz - TD Cowen Ben Budish - Barclays Ken Worthington - JPMorgan Patrick Davitt - Autonomous Research Michael Cyprys - Morgan Stanley Brian Bedell - Deutsche Bank Operator Good morning, everyone, and welcome to the Ares Management Corporation's Second Quarter Earnings Conference Call. All this time all participants are in a listen-only mode.
Ares Management Corporation (ARES) Q2 2024 Earnings Call Transcript
Ares Management Corporation (NYSE:ARES ) Q2 2024 Earnings Conference Call August 2, 2024 11:00 AM ET Company Participants Greg Mason - Co-Head-Public Markets IR Michael Arougheti - CEO Jarrod Phillips - CFO Conference Call Participants Craig Siegenthaler - Bank of America Steven Chubak - Wolfe Research Alex Blostein - Goldman Sachs Brennan Hawken - UBS Bill Katz - TD Cowen Ben Budish - Barclays Ken Worthington - JPMorgan Patrick Davitt - Autonomous Research Michael Cyprys - Morgan Stanley Brian Bedell - Deutsche Bank Operator Good morning, everyone, and welcome to the Ares Management Corporation's Second Quarter Earnings Conference Call. All this time all participants are in a listen-only mode.
08/02 10:35 EST - zacks.com
Here's What Key Metrics Tell Us About Ares Management (ARES) Q2 Earnings
Although the revenue and EPS for Ares Management (ARES) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Here's What Key Metrics Tell Us About Ares Management (ARES) Q2 Earnings
Although the revenue and EPS for Ares Management (ARES) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
08/02 08:26 EST - zacks.com
Ares Management (ARES) Q2 Earnings Top Estimates
Ares Management (ARES) came out with quarterly earnings of $0.99 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $0.90 per share a year ago.
Ares Management (ARES) Q2 Earnings Top Estimates
Ares Management (ARES) came out with quarterly earnings of $0.99 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $0.90 per share a year ago.
08/02 06:30 EST - accesswire.com
Ares Management Announces Second Quarter 2024 U.S. Direct Lending Origination Activity
$12.8 Billion in New Commitments Closed in the Second Quarter, Reaching a Record of $38.3 Billion Closed in the 12 Months Ended June 30, 2024 NEW YORK, NY / ACCESSWIRE / August 2, 2024 / Ares Management Corporation (NYSE:ARES) announced today that funds managed by its Credit Group (collectively "Ares") closed approximately $12.8 billion in U.S. direct lending commitments across 93 transactions during the second quarter of 2024 and approximately $38.3 billion in direct lending commitments across 295 transactions in the 12 months ended June 30, 2024. The $38.3 billion of commitments over the 12-month period represents a new record for the U.S. Direct Lending business.
Ares Management Announces Second Quarter 2024 U.S. Direct Lending Origination Activity
$12.8 Billion in New Commitments Closed in the Second Quarter, Reaching a Record of $38.3 Billion Closed in the 12 Months Ended June 30, 2024 NEW YORK, NY / ACCESSWIRE / August 2, 2024 / Ares Management Corporation (NYSE:ARES) announced today that funds managed by its Credit Group (collectively "Ares") closed approximately $12.8 billion in U.S. direct lending commitments across 93 transactions during the second quarter of 2024 and approximately $38.3 billion in direct lending commitments across 295 transactions in the 12 months ended June 30, 2024. The $38.3 billion of commitments over the 12-month period represents a new record for the U.S. Direct Lending business.
08/02 06:00 EST - businesswire.com
Ares Management Corporation Reports Second Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE:ARES) today reported its financial results for its second quarter ended June 30, 2024. GAAP net income attributable to Ares Management Corporation was $94.9 million for the quarter ended June 30, 2024. On a basic and diluted basis, net income attributable to Ares Management Corporation per share of Class A and non-voting common stock was $0.43 for the quarter ended June 30, 2024. After-tax realized income was $332.0 million for the qu.
Ares Management Corporation Reports Second Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE:ARES) today reported its financial results for its second quarter ended June 30, 2024. GAAP net income attributable to Ares Management Corporation was $94.9 million for the quarter ended June 30, 2024. On a basic and diluted basis, net income attributable to Ares Management Corporation per share of Class A and non-voting common stock was $0.43 for the quarter ended June 30, 2024. After-tax realized income was $332.0 million for the qu.