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Friday, June 9, 2023

Make Sure You Stick With Ares Management Corporation (ARES). It’s Bull Time Again

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Ares Management Corporation (ARES) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $81.95. The Ares Management Corporation has recorded 6,048 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Ares Management Serves as Lead Arranger and Junior Agent for $3 Billion in Financing to Support the Acquisition of Merchants Fleet by Bain Capital, ADIA and the Merchants Executive Team.

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Stocks Info

Ares Management Corporation is listed on the NYSE in the Financial sector while operating in the Asset Management industry. At the end of the last regular session, the stock closed at $81.95 and fluctuated between $82.16 as its day high and $80.42 as its day low. The current market capitalization of Ares Management Corporation is $23.73B. A total of 0.85 million shares were traded on the day, compared to an average of 1.07M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, ARES has seen 0 BUY and 5 SELL insider trades, representing the acquisition of 0 and the disposition of 404,011 shares. Over the last 12 months, there were 15 BUYs and 32 SELLs from insiders. Insiders purchased 677,552 shares during that period but sold 1,349,817.

In the most recent transaction, ARES MANAGEMENT LLC bought 250,000 shares of ARES for 21.56 per share on Apr 25. After the transaction, the 10% Owner now owns 37,744,654 company shares. In a previous transaction on Apr 20, ARES MANAGEMENT LLC bought 200,000 shares at 20.85 per share. ARES shares that 10% Owner owns now total 37,494,654.

Among the insiders who bought shares, ARES MANAGEMENT LLC acquired of 200,000 shares on Apr 14 at a per-share price of $21.44. This resulted in the 10% Owner holding 37,294,654 shares of ARES after the transaction. In another insider transaction, ARES MANAGEMENT LLC bought 139,522 shares at $21.09 per share on Mar 29. Company shares held by the 10% Owner now total 37,094,654.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Ares Management Corporation pays an annual dividend of $3.08, resulting in a dividend yield of 3.76%, and it has a price to earnings (P/E) ratio of 94.09. ARES’s most recent ex-dividend date was 6/15/2023 when it declared a $0.77 quarterly dividend that was paid in cash on 6/30/2023. Previously, the company paid the dividend on 3/31/2023 with an ex-dividend date of 3/16/2023. The ARES stock dividend was $0.77 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for ARES in the last 3 months, the mean price target is $97.46 with high estimates of $108.00 and low estimates of $88.00. In terms of 52-week highs and lows, ARES has a high of $90.28 and a low of $52.69.

As of this writing, ARES has an earnings estimate of $0.88 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $1 per share and a lower estimate of $0.79. The company reported an EPS of $1.21 in the last quarter, which was 13.10% higher than expectations of $1.07.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. ARES’s latest balance sheet shows that the firm has $1.39B in Cash & Short Term Investments as of fiscal 2021. There were $12.49B in debt and $4.02B in liabilities at the time. Its Book Value Per Share was $8.98, while its Total Shareholder’s Equity was $3.81B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ARES is Buy with a score of 4.29.

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