Ares Management Corp (NYSE: ARES) is 28.83% higher on its value in year-to-date trading and has touched a low of $96.00 and a high of $152.63 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 $149.58 in the last trading session, with the day’s gains setting it 3.62%.
Currently trading at $153.20, the stock is 6.73% and 9.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.7 million and changing 2.42% at the moment leaves the stock 20.66% off its SMA200. ARES registered 54.40% gain for a year compared to 6-month gain of 25.32%.
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The stock witnessed a 12.48% loss in the last 1 month and extending the period to 3 months gives it a 15.11%, and is 6.01% 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 2.35% over the week and 2.33% over the month.
Ares Management Corp (ARES) has around 2850 employees, a market worth around $30.51B and $3.90B in sales. Current P/E ratio is 67.25 and Fwd P/E is 25.60. Profit margin for the company is 11.17%. Distance from 52-week low is 59.58% and 0.37% 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 16.66% this year
The shares outstanding are 187.07M, and float is at 170.74M with Short Float at 1.86%.
Ares Management Corp (ARES) Insider Activity
The most recent transaction is an insider sale by deVeer R. Kipp, the company’s Head of Credit Group. SEC filings show that deVeer R. Kipp sold 41,676 shares of the company’s common stock on Jul 22 ’24 at a price of $150.21 per share for a total of $6.26 million. Following the sale, the insider now owns 1.07 million shares.
Ares Management Corp disclosed in a document filed with the SEC on Jun 21 ’24 that Rosenthal Bennett (Co-Founder & Chairman of PEG) sold a total of 150,000 shares of the company’s common stock. The trade occurred on Jun 21 ’24 and was made at $131.94 per share for $19.79 million. Following the transaction, the insider now directly holds 0.0 shares of the ARES stock.
Still, SEC filings show that on Jun 21 ’24, KAPLAN DAVID B (Co-Founder) disposed off 125,000 shares at an average price of $131.94 for $16.49 million. The insider now directly holds 0 shares of Ares Management Corp (ARES).
