140.17
1.97%
-2.81
Ares Management Corp stock is currently priced at $140.17, with a 24-hour trading volume of 2.65M.
It has seen a -1.97% decreased in the last 24 hours and a +5.32% rose in the past month.
The chart indicates a potential bearish trend, as the stock is below the $142.8 pivot point. If it approaches the $140.3 support level, significant changes may occur.
Previous Close:
$142.98
Open:
$143.44
24h Volume:
2.65M
Market Cap:
$27.29B
Revenue:
$4.95B
Net Income/Loss:
$453.31M
P/E Ratio:
64.59
EPS:
2.17
Net Cash Flow:
$-300.44M
1W Performance:
-4.00%
1M Performance:
+5.32%
6M Performance:
+24.87%
1Y Performance:
+60.95%
Ares Management Corp Stock (ARES) Company Profile
Name
Ares Management Corp
Sector
Industry
Phone
310-201-4100
Address
2000 Avenue of the Stars, 12th Floor, Los Angeles, CA
Ares Management Corp Stock (ARES) Upgrades & Downgrades
Date | Action | Analyst | Rating Change |
---|---|---|---|
Jan-09-24 | Downgrade | Jefferies | Buy → Hold |
Oct-05-23 | Initiated | Wolfe Research | Outperform |
Jul-10-23 | Downgrade | Keefe Bruyette | Outperform → Mkt Perform |
Jun-12-23 | Downgrade | Wells Fargo | Overweight → Equal Weight |
Nov-14-22 | Downgrade | BMO Capital Markets | Outperform → Market Perform |
Aug-31-22 | Initiated | Barclays | Overweight |
Jun-08-22 | Initiated | JMP Securities | Mkt Perform |
Jan-25-22 | Initiated | Piper Sandler | Overweight |
Dec-16-21 | Initiated | BofA Securities | Buy |
Dec-16-21 | Initiated | Wells Fargo | Overweight |
Sep-10-21 | Resumed | Morgan Stanley | Equal-Weight |
Jun-08-21 | Upgrade | BMO Capital Markets | Market Perform → Outperform |
Mar-29-21 | Downgrade | BMO Capital Markets | Outperform → Market Perform |
Feb-24-21 | Initiated | Credit Suisse | Neutral |
May-29-20 | Upgrade | BMO Capital Markets | Market Perform → Outperform |
Jan-14-20 | Downgrade | Oppenheimer | Outperform → Perform |
Oct-08-19 | Initiated | BMO Capital Markets | Market Perform |
Aug-05-19 | Initiated | Barclays | Overweight |
Aug-21-18 | Upgrade | Wells Fargo | Market Perform → Outperform |
Jun-28-18 | Initiated | Jefferies | Buy |
May-01-18 | Initiated | Oppenheimer | Outperform |
Feb-16-18 | Downgrade | Wells Fargo | Outperform → Market Perform |
Jun-30-17 | Initiated | RBC Capital Mkts | Outperform |
May-11-17 | Upgrade | Credit Suisse | Neutral → Outperform |
Mar-24-17 | Upgrade | Keefe Bruyette | Mkt Perform → Outperform |
Mar-10-17 | Resumed | Goldman | Neutral |
Feb-27-17 | Downgrade | Keefe Bruyette | Outperform → Mkt Perform |
Jan-25-17 | Initiated | Credit Suisse | Neutral |
Dec-21-16 | Resumed | Wells Fargo | Outperform |
Aug-10-16 | Downgrade | BofA/Merrill | Buy → Neutral |
Dec-08-15 | Upgrade | BofA/Merrill | Neutral → Buy |
Nov-11-15 | Reiterated | RBC Capital Mkts | Outperform |
Aug-11-15 | Initiated | Goldman | Neutral |
Jun-03-15 | Initiated | Credit Suisse | Neutral |
View All
Ares Management Corp Stock (ARES) Latest News
Ares Management Corporation to Present at the TD Financial Services & Fintech Summit - Yahoo Finance
Yahoo Finance
Dimensional Fund Advisors LP Increases Holdings in Ares Management Co. (NYSE:ARES) - MarketBeat
MarketBeat
Dimensional Fund Advisors LP Raises Position in Ares Management Co. (NYSE:ARES) - MarketBeat
MarketBeat
Ares Management Co. (NYSE:ARES) Shares Acquired by Dimensional Fund Advisors LP - Defense World
Defense World
Deutsche Bank Initiates Coverage of Ares Management (ARES) with Buy Recommendation - MSN
MSN
Ares Management's (NYSE:ARES) five-year earnings growth trails the 41% YoY shareholder returns - Yahoo New Zealand News
Yahoo New Zealand News
Ares Management Corp Stock (ARES) Financials Data
Ares Management Corp (ARES) Revenue 2024
ARES reported a revenue (TTM) of $4.95 billion for the quarter ending March 31, 2024, a +26.23% rise year-over-year.
Ares Management Corp (ARES) Net Income 2024
ARES net income (TTM) was $453.31 million for the quarter ending March 31, 2024, a +110.14% increase year-over-year.
Ares Management Corp (ARES) Cash Flow 2024
ARES recorded a free cash flow (TTM) of -$300.44 million for the quarter ending December 31, 2023, a +60.98% increase year-over-year.
Ares Management Corp (ARES) Earnings per Share 2024
ARES earnings per share (TTM) was $2.23 for the quarter ending March 31, 2024, a +99.11% growth year-over-year.
Ares Management Corp Stock (ARES) Insider Trading
Insider Trading | Relationship | Date | Transaction | Cost | #Shares | Value ($) | #Shares Total |
---|---|---|---|---|---|---|---|
Arougheti Michael J | Co-Founder, CEO and President |
May 16 '24 |
Sale |
147.69 |
92,163 |
13,611,491 |
0 |
Arougheti Michael J | Co-Founder, CEO and President |
May 15 '24 |
Sale |
148.22 |
157,837 |
23,395,197 |
92,163 |
RESSLER ANTONY P | Co-Founder & Exec. Chairman |
Apr 17 '24 |
Sale |
131.51 |
143,569 |
18,880,987 |
0 |
RESSLER ANTONY P | Co-Founder & Exec. Chairman |
Apr 16 '24 |
Sale |
130.29 |
159,860 |
20,827,932 |
0 |
RESSLER ANTONY P | Co-Founder & Exec. Chairman |
Apr 15 '24 |
Sale |
129.60 |
94,697 |
12,273,163 |
0 |
Rosenthal Bennett | Co-Founder & Chairman of PEG |
Apr 15 '24 |
Sale |
129.72 |
50,000 |
6,485,848 |
0 |
RESSLER ANTONY P | Co-Founder & Exec. Chairman |
Apr 12 '24 |
Sale |
131.97 |
114,492 |
15,109,066 |
0 |
RESSLER ANTONY P | Co-Founder & Exec. Chairman |
Apr 11 '24 |
Sale |
134.11 |
175,000 |
23,469,760 |
0 |
RESSLER ANTONY P | Co-Founder & Exec. Chairman |
Apr 10 '24 |
Sale |
134.36 |
139,915 |
18,798,655 |
0 |
RESSLER ANTONY P | Co-Founder & Exec. Chairman |
Apr 09 '24 |
Sale |
133.22 |
212,637 |
28,327,209 |
0 |
About Ares Management Corp
Ares Management, L.P. 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 segment focuses on majority or shared-control investments primarily in under-capitalized companies. Its Real Estate Group segment invests in new developments and the repositioning of assets, with a focus on control or majority-control investments; and originates and invests in a range of self-originated financing opportunities for middle-market owners and operators of commercial real estate. Ares Management, L.P. was founded in 1997 and is headquartered in Los Angeles, California with additional offices in the United States, Europe and Asia. Ares Management GP LLC is the general partner of the company.
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