Ares Management Corp (NYSE: ARES) is 2.30% higher on its value in year-to-date trading and has touched a low of $112.83 and a high of $185.06 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 $178.83 in the last trading session, with the day’s gains setting it 2.28%.
Currently trading at $181.11, the stock is 1.44% and 4.19% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.19 million and changing 1.27% at the moment leaves the stock 20.31% off its SMA200. ARES registered 56.72% gain for a year compared to 6-month gain of 30.99%. The firm has a 50-day simple moving average (SMA 50) of $173.8336 and a 200-day simple moving average (SMA200) of $150.53516.
The stock witnessed a 3.46% loss in the last 1 month and extending the period to 3 months gives it a 15.32%, and is -0.88% 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 2.07% over the week and 2.47% over the month.
Ares Management Corp (ARES) has around 2850 employees, a market worth around $57.42B and $4.03B in sales. Current P/E ratio is 81.35 and Fwd P/E is 32.51. Profit margin for the company is 10.72%. Distance from 52-week low is 60.52% and -2.13% from its 52-week high. The company has generated returns on investments over the last 12 months (2.62%).
The EPS is expected to grow by 11.33% this year.
Ares Management Corp (ARES) Top Institutional Holders
896.0 institutions hold shares in Ares Management Corp (ARES), with institutional investors hold 96.50% of the company’s shares. The shares outstanding are 198.33M, and float is at 187.51M with Short Float at 1.91%. Institutions hold 83.84% of the Float.
The top institutional shareholder in the company is WELLINGTON MANAGEMENT GROUP LLP with over 18.65 million shares valued at $2.49 billion. The investor’s holdings represent 9.6835% of the ARES Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 18.02 million shares valued at $2.4 billion to account for 9.3553 of the shares outstanding. The other top investors are SUMITOMO MITSUI FINANCIAL GROUP, INC. which holds 13.36 million shares representing 6.9383% and valued at over $1.78 billion, while BLACKROCK INC. holds 6.6699 of the shares totaling 12.85 million with a market value of $1.71 billion.
Ares Management Corp (ARES) Insider Activity
The most recent transaction is an insider sale by Berry Ryan, the company’s Chief Mktg. & Strategy Officer. SEC filings show that Berry Ryan sold 14,357 shares of the company’s common stock on Dec 11 ’24 at a price of $180.16 per share for a total of $2.59 million. Following the sale, the insider now owns 0.23 million shares.
Ares Management Corp disclosed in a document filed with the SEC on Nov 27 ’24 that Berry Ryan (Chief Mktg. & Strategy Officer) sold a total of 200 shares of the company’s common stock. The trade occurred on Nov 27 ’24 and was made at $180.07 per share for $36014.0. Following the transaction, the insider now directly holds 0.25 million shares of the ARES stock.
Still, SEC filings show that on Dec 10 ’24, ARES MANAGEMENT LLC (10% Owner) disposed off 11,500,000 shares at an average price of $34.37 for $395.25 million. The insider now directly holds 23,922,768 shares of Ares Management Corp (ARES).
