Ares Management Corp (NYSE: ARES) is 15.07% higher on its value in year-to-date trading and has touched a low of $89.89 and a high of $150.12 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 $132.93 in the last trading session, with the day’s gains setting it 3.91%.
Currently trading at $136.84, the stock is -3.72% and -0.12% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.32 million and changing 2.94% at the moment leaves the stock 13.33% off its SMA200. ARES registered 48.80% gain for a year compared to 6-month gain of 26.35%.
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The stock witnessed a -3.93% loss in the last 1 month and extending the period to 3 months gives it a 3.21%, and is -0.98% down 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 3.41% over the week and 2.82% over the month.
Ares Management Corp (ARES) has around 2850 employees, a market worth around $26.64B and $3.90B in sales. Current P/E ratio is 60.07 and Fwd P/E is 22.55. Profit margin for the company is 11.17%. Distance from 52-week low is 52.23% and -8.85% from its 52-week high. The company has generated returns on investments over the last 12 months (2.55%).
The EPS is expected to grow by 18.62% this year.
Ares Management Corp (ARES) Top Institutional Holders
The shares outstanding are 187.07M, and float is at 165.65M with Short Float at 2.02%.
Ares Management Corp (ARES) Insider Activity
The most recent transaction is an insider sale by Olian Judy D.,the company’sDirector. SEC filings show that Olian Judy D. sold 3,417 shares of the company’s common stock on Jun 07 ’24 at a price of $134.00 per share for a total of $0.46 million. Following the sale, the insider now owns 27312.0 shares.
Ares Management Corp disclosed in a document filed with the SEC on Jun 03 ’24 that KAPLAN DAVID B (Co-Founder) sold a total of 14,659 shares of the company’s common stock. The trade occurred on Jun 03 ’24 and was made at $138.11 per share for $2.02 million. Following the transaction, the insider now directly holds 0.12 million shares of the ARES stock.
Still, SEC filings show that on May 31 ’24, KAPLAN DAVID B (Co-Founder) disposed off 110,341 shares at an average price of $140.35 for $15.49 million. The insider now directly holds 139,659 shares of Ares Management Corp (ARES).
