Ares Management Corp (NYSE:ARES) has a beta value of 1.39 and has seen 1.15 million shares traded in the last trading session. The company, currently valued at $44.70B, closed the last trade at $141.72 per share which meant it gained $4.64 on the day or 3.38% during that session. The ARES stock price is -41.47% off its 52-week high price of $200.49 and 21.94% above the 52-week low of $110.63. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.61 million shares traded. The 3-month trading volume is 1.98 million shares.
The consensus among analysts is that Ares Management Corp (ARES) is Buy stock at the moment, with a recommendation rating of 1.71. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 7 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.94.
Ares Management Corp (NYSE:ARES) trade information
Sporting 3.38% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the ARES stock price touched $141.72 or saw a rise of 0.8%. Year-to-date, Ares Management Corp shares have moved -19.95%, while the 5-day performance has seen it change 2.41%. Over the past 30 days, the shares of Ares Management Corp (NYSE:ARES) have changed -4.06%. Short interest in the company has seen 5.49 million shares shorted with days to cover at 2.65.
Wall Street analysts have a consensus price target for the stock at $211.5, which means that the shares’ value could jump 32.99% from current levels. The projected low price target is $205.0 while the price target rests at a high of $218.0. In that case, then, we find that the current price level is -53.82% off the targeted high while a plunge would see the stock gain -44.65% from current levels.
Ares Management Corp (ARES) estimates and forecasts
The company’s shares have lost -16.01% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 31.64%.
2 analysts offering their estimates for the company have set an average revenue estimate of 915.85M for the current quarter. 2 have an estimated revenue figure of 1.19B for the next ending quarter. Year-ago sales stood 755.42M and 737.51M respectively for this quarter and the next, and analysts expect sales will grow by 21.24% for the current quarter and 31.64% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 14.31% over the past 5 years. Earnings growth for 2025 is a modest 25.29% while over the next 5 years, the company’s earnings are expected to increase by 24.10%.
ARES Dividends
Ares Management Corp is expected to release its next earnings report on 2025-Feb-04 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 3.91 at a share yield of 2.76%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.83%.
Ares Management Corp (NYSE:ARES)’s Major holders
Insiders own 12.45% of the company shares, while shares held by institutions stand at 78.86% with a share float percentage of 90.07%. Investors are also buoyed by the number of investors in a company, with Ares Management Corp having a total of 969.0 institutions that hold shares in the company. The top two institutional holders are WELLINGTON MANAGEMENT GROUP LLP with over 18.65 million shares worth more than $2.49 billion. As of 2024-06-30, WELLINGTON MANAGEMENT GROUP LLP held 9.1828% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 18.02 million shares as of 2024-06-30. The firm’s total holdings are worth over $2.4 billion and represent 8.8715% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and Income Fund of America . As of Dec 31, 2024 , the former fund manager holds about 2.75% shares in the company for having 5.92 shares of worth $839.2 million while later fund manager owns 4.99 shares of worth $707.18 million as of Jan 31, 2025 , which makes it owner of about 2.32% of company’s outstanding stock.
