Ares Management Corp (ARES) – Don’t Believe the Hype: Check The Facts

Ares Management Corp (NYSE: ARES) is 13.98% higher on its value in year-to-date trading and has touched a low of $71.36 and a high of $130.15 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ARES stock was last observed hovering at around $128.85 in the last trading session, with the day’s gains setting it 6.7%.

Currently trading at $135.55, the stock is 12.52% and 16.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.18 million and changing 5.20% at the moment leaves the stock 32.12% off its SMA200. ARES registered 57.89% gain for a year compared to 6-month gain of 35.32%. The firm has a 50-day simple moving average (SMA 50) of $12.25 and a 200-day simple moving average (SMA200) of $33.16.

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The stock witnessed a 17.08% loss in the last 1 month and extending the period to 3 months gives it a 29.30%, and is 10.54% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.35% over the week and 2.40% over the month.

Ares Management Corp (ARES) has around 2550 employees, a market worth around $25.63B and $3.77B in sales. Current P/E ratio is 56.39 and Fwd P/E is 22.21. Profit margin for the company is 12.30%. Distance from 52-week low is 89.95% and 4.15% from its 52-week high. The company has generated returns on investments over the last 12 months (2.91%).

Ares Management Corp quarterly earnings per share for the current quarter are estimated at $1.09 with sales reaching $864.54M over the same period.The EPS is expected to grow by 28.82% this year, but quarterly earnings will post -6.90% year-over-year. Quarterly sales are estimated to shrink -7.80% in year-over-year returns.

709 institutions hold shares in Ares Management Corp (ARES), with institutional investors hold 93.07% of the company’s shares. The shares outstanding are 173.89M, and float is at 153.27M with Short Float at 2.11%. Institutions hold 77.18% of the Float.

The top institutional shareholder in the company is Wellington Management Group, LLP with over 18.77 million shares valued at $1.81 billion. The investor’s holdings represent 10.35% of the ARES Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 15.49 million shares valued at $1.49 billion to account for 8.54% of the shares outstanding. The other top investors are Sumitomo Mitsui Financial Group, Inc. which holds 13.36 million shares representing 7.37% and valued at over $1.29 billion, while Blackrock Inc. holds 6.28% of the shares totaling 11.39 million with a market value of $1.1 billion.

Ares Management Corp (ARES) Insider Activity

A total of 51 insider transactions have happened at Ares Management Corp (ARES) in the last six months, with sales accounting for 44 and purchases happening 7 times. The most recent transaction is an insider sale by Arougheti Michael J, the company’s Co-Founder, CEO and President. SEC filings show that Arougheti Michael J sold 150,000 shares of the company’s common stock on Nov 15 at a price of $105.17 per share for a total of $15.78 million. Following the sale, the insider now owns 0.0 shares.

Ares Management Corp disclosed in a document filed with the SEC on Oct 18 that ARES MANAGEMENT LLC (10% Owner) bought a total of 150,000 shares of the company’s common stock. The trade occurred on Oct 18 and was made at $18.93 per share for $2.84 million. Following the transaction, the insider now directly holds 38.91 million shares of the ARES stock.

Still, SEC filings show that on Oct 03, KAPLAN DAVID B (Co-Founder) disposed off 22,442 shares at an average price of $100.09 for $2.25 million. The insider now directly holds 0 shares of Ares Management Corp (ARES).

Ares Management Corp (ARES): Who are the competitors?

One of the company’s main competitors (and peers) include Charles Schwab Corp. (SCHW) that is trading -22.36% down over the past 12 months.Brookfield Corp. (BN) lies in the list of competitors of the Ares Management Corp and is 11.59% higher over the same period from AREST. Rowe Price Group Inc. (TROW) is -6.95% down on the 1-year trading charts.