Ares Management Corporation (ARES)
| Market Cap | 26.80B |
| Revenue (ttm) | 3.53B |
| Net Income (ttm) | 453.31M |
| Shares Out | 191.20M |
| EPS (ttm) | 2.25 |
| PE Ratio | 62.29 |
| Forward PE | 27.91 |
| Dividend | $3.72 (2.65%) |
| Ex-Dividend Date | Jun 14, 2024 |
| Volume | 844,948 |
| Open | 142.86 |
| Previous Close | 142.27 |
| Day's Range | 140.13 - 143.47 |
| 52-Week Range | 81.10 - 144.35 |
| Beta | 1.18 |
| Analysts | Buy |
| Price Target | 128.64 (-8.21%) |
| Earnings Date | May 2, 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 2023, ARES's revenue was $3.63 billion, an increase of 18.87% compared to the previous year's $3.06 billion. Earnings were $474.33 million, an increase of 183.11%.
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for ARES stock is "Buy." The 12-month stock price forecast is $128.64, which is a decrease of -8.21% from the latest price.
News
Ares Capital Corporation to Host Investor Day on May 21, 2024
Live Video Stream to Begin at 1:15 p.m. ET NEW YORK, NY / ACCESSWIRE / May 10, 2024 / Ares Capital Corporation (NASDAQ:ARCC) will host an Investor Day on Tuesday, May 21, 2024 via a live video stream.
Ares Management Corporation to Host Investor Day on May 21, 2024
Live Video Stream to Begin at 8:00 a.m. ET NEW YORK, NY / ACCESSWIRE / May 10, 2024 / Ares Management Corporation (NYSE:ARES) will host an Investor Day on Tuesday, May 21, 2024 via a live video stream...
Bixby Land Company Announces Closing of Bixby Industrial Fund I
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Bixby Land Company recently closed its newly established Bixby Industrial Fund I, a continuation fund that offered existing investors liquidity while extending ...
Ares Real Estate Announces Acquisition of Hotel Portfolio from Landsec
LONDON--(BUSINESS WIRE)--Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today that funds managed by Ares Real Estate have acquired a hote...
Ares Management Announces First Quarter 2024 U.S. Direct Lending Origination Activity
Approximately $9.3 Billion in New Commitments Closed in the First Quarter and Approximately $29.6 Billion Closed in the 12 Months Ended March 31, 2024 NEW YORK, NY / ACCESSWIRE / May 2, 2024 / Ares Ma...
Ares Management Corporation Reports First Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE:ARES) today reported its financial results for its first quarter ended March 31, 2024. GAAP net income attributable to Ares Management Corp...
EPIC Y-Grade Completes Issuance of New $1,075 Million Senior Secured Term Loan B
HOUSTON--(BUSINESS WIRE)--EPIC Y-Grade, LP (“EPIC” or “the Company”) today announced that it has completed the issuance of a new $1,075 million senior secured Term Loan B due 2029. The Company used th...
Ares Capital Corporation Schedules Earnings Release for the First Quarter Ended March 31, 2024
NEW YORK, NY / ACCESSWIRE / April 3, 2024 / Ares Capital Corporation ("Ares Capital") (NASDAQ:ARCC) announced today that it will report earnings for the first quarter ended March 31, 2024 on Wednesday...
Ares Management Corporation Schedules Earnings Release and Conference Call for the First Quarter Ending March 31, 2024
NEW YORK, NY / ACCESSWIRE / April 3, 2024 / Ares Management Corporation (NYSE:ARES) announced today that it will report earnings for the first quarter ending March 31, 2024 on Thursday, May 2, 2024 pr...
KBS Announces Recapitalization
New Investment from KKR, Ares Management and Blackrock Positions Company for Long-Term Growth OCEANSIDE, Calif., March 25, 2024 /PRNewswire/ -- KBS, a leading privately held facility services provider...
Ares Management Launches Ansley Park Capital
NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that funds managed by its Alternative Credit strategy (“A...
Bluepeak Receives Strategic Investment from Ares Management
Ares Joins Existing Investor GI Data Infrastructure to Help Accelerate Bluepeak's Fiber-to-the-Home Expansion DENVER , Feb. 29, 2024 /PRNewswire/ -- Bluepeak (the "Company"), a leading provider of fib...
Ares Capital Corporation to Present at the Raymond James 45th Annual Institutional Investors Conference
NEW YORK, NY / ACCESSWIRE / February 27, 2024 / Ares Capital Corporation ("Ares Capital") (NASDAQ:ARCC) announced today that Kort Schnabel, Ares Capital's Co-President, and Scott Lem, Ares Capital's C...
Ares Capital Corporation to Present at the 2024 RBCCM Global Financial Institutions Conference
NEW YORK, NY / ACCESSWIRE / February 27, 2024 / Ares Capital Corporation ("Ares Capital") (NASDAQ:ARCC) announced today that Kort Schnabel, Ares Capital's Co-President, is scheduled to present at the ...
Ares Management Special Opportunities Team to Join its Global Credit Group
NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) today announced that its Special Opportunities strategy, currently a business within its Private Equity Group, will be joining the f...
Here's why private equity stocks like APO, BAM, Ares, OWL have soared
Wall Street has been amazed by the recent surge in technology stocks like Nvidia and Super Micro Computer. All these stocks have surged to a record high because of the ongoing demand for artificial in...
Ares Management CEO Michael Arougheti: The worst of the higher rates is behind us
Michael Arougheti, Ares Management president and CEO, joins 'Money Movers' to discuss how borrowers are absorbing the environment's higher rates, stress in the real estate sector, and how Arougheti is...
Ares Capital Corporation to Present at the 2024 UBS Financial Services Conference
NEW YORK, NY / ACCESSWIRE / February 20, 2024 / Ares Capital Corporation ("Ares Capital") (NASDAQ:ARCC) announced today that Kipp deVeer, Ares Capital's Chief Executive Officer, is scheduled to presen...
Ares Management Corporation to Present at the BofA Securities Financial Services Conference 2024
NEW YORK, NY / ACCESSWIRE / February 15, 2024 / Ares Management Corporation announced today that its Chief Executive Officer and President, Michael Arougheti, is scheduled to present at the BofA Secur...
Ares Capital Corporation to Present at the 2024 BofA Securities Financial Services Conference
NEW YORK, NY / ACCESSWIRE / February 14, 2024 / Ares Capital Corporation ("Ares Capital") (NASDAQ:ARCC) announced today that Kort Schnabel, Ares Capital's Co-President, is scheduled to present at the ...
Interstate Waste Services Announces Acquisition of Oak Ridge Waste & Recycling
NEW YORK , Feb. 12, 2024 /PRNewswire/ -- Interstate Waste Services, Inc. ("IWS"), a leading, vertically integrated waste-by-rail provider of solid waste collection, disposal and recycling services ann...
NYCB Incidents Should Be Resolved: Ares Management CEO
Ares Management CEO, Mike Arougheti, says isolated incidents that faced NYCB are going to be resolved with private market partnership and bank capital. In an exclusive interview with Bloomberg's Sonal...
Private Credit Massively Undercapitalized: Ares Management CEO
Last year Ares Management had a great year for fundraising, and according to Bloomberg, is in the market for a record direct lending fund. When asked how private credit could continue at that pace, Ar...
Believe NYCB Incidents Will Be Resolved: Ares Management CEO
Ares Management CEO, Mike Arougheti, says that isolated incidents that faced NYCB are going to be resolved with private market partnership and bank capital. In an exclusive interview with Bloomberg's ...
Ares Management Corporation Announces U.S. Direct Lending Origination Activity
Approximately $10.1 Billion in New Commitments Closed in the Fourth Quarter and Approximately $22.4 Billion closed in the Year Ended December 31, 2023 NEW YORK, NY / ACCESSWIRE / February 8, 2024 / Ar...