Ares Management Corp (NYSE: ARES) is 1.50% higher on its value in year-to-date trading and has touched a low of $125.23 and a high of $200.49 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 $186.74 in the last trading session, with the day’s loss setting it -7.05%.
Currently trading at $179.69, the stock is -5.77% and -2.67% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.38 million and changing -3.78% at the moment leaves the stock 12.95% off its SMA200. ARES registered 33.13% gain for a year compared to 6-month gain of 24.28%.
The stock witnessed a -7.72% loss in the last 1 month and extending the period to 3 months gives it a 7.46%, and is -1.71% 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 2.67% over the week and 2.63% over the month.
Ares Management Corp (ARES) has around 2850 employees, a market worth around $56.25B and $4.22B in sales. Current P/E ratio is 87.39 and Fwd P/E is 27.19. Profit margin for the company is 9.92%. Distance from 52-week low is 43.49% and -10.37% from its 52-week high. The company has generated returns on investments over the last 12 months (2.54%).
with sales reaching $920.51M over the same period.The EPS is expected to grow by 31.24% this year, but quarterly earnings will post 37.74% year-over-year. Quarterly sales are estimated to grow 21.85% in year-over-year returns.
The shares outstanding are 201.88M, and float is at 186.24M with Short Float at 2.02%.
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 BLACKROCK INC. which holds 12.85 million shares representing 6.6699 and valued at over $1.71 billion, while SUMITOMO MITSUI FINANCIAL GROUP, INC. holds 6.5795 of the shares totaling 13.36 million with a market value of $1.78 billion.
Ares Management Corp (ARES) Insider Activity
The most recent transaction is an insider sale by deVeer R. Kipp, the company’s Co-President. SEC filings show that deVeer R. Kipp sold 78,933 shares of the company’s common stock on Feb 06 ’25 at a price of $190.02 per share for a total of $15.0 million. Following the sale, the insider now owns 1.15 million shares.
Still, SEC filings show that on Dec 11 ’24, Berry Ryan (Chief Mktg. & Strategy Officer) disposed off 14,357 shares at an average price of $180.16 for $2.59 million. The insider now directly holds 233,214 shares of Ares Management Corp (ARES).
