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Saturday, December 9, 2023

What Are The Chances Of Ares Management Corp (NYSE: ARES) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Ares Management Corp (ARES) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.54, or 0.53%, to $102.25. The Ares Management Corp has recorded 33,708 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Ares Management Corporation Announces U.S. Direct Lending Origination Activity.

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Stocks Info

As a NYSE listed company, ARES falls under the Financial sector while operating within the Asset Management industry segment. The current market capitalization of Ares Management Corp is $18.80B. A total of 1.56 million shares were traded on the day, compared to an average of 1.00M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, ARES has seen 6 BUY and 39 SELL insider trades, representing the acquisition of 1,274,177 and the disposition of 1,578,050 shares. Over the last 12 months, there were 25 BUYs and 102 SELLs from insiders. Insiders purchased 2,556,779 shares during that period but sold 4,690,144.

In the most recent transaction, ARES MANAGEMENT LLC bought 150,000 shares of ARES for 18.93 per share on Oct 18. After the transaction, the 10% Owner now owns 38,912,895 company shares. In a previous transaction on Oct 03, KAPLAN DAVID B sold 22,442 shares at 100.09 per share. ARES shares that Co-Founder owns now total 0.

Among the insiders who sold shares, Rosenthal Bennett disposed of 21,818 shares on Oct 03 at a per-share price of $100.09. This resulted in the Co-Founder & Chairman of PEG holding 0 shares of ARES after the transaction. In another insider transaction, ARES MANAGEMENT LLC bought 150,000 shares at $14.80 per share on Oct 02. Company shares held by the 10% Owner now total 38,762,895.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Ares Management Corp pays an annual dividend of $3.11, resulting in a dividend yield of 3.05%, and it has a price to earnings (P/E) ratio of 62.85. ARES’s most recent ex-dividend date was 12/14/2023 when it declared a $0.77 quarterly dividend that was paid in cash on 12/29/2023. Previously, the company paid the dividend on 9/29/2023 with an ex-dividend date of 9/14/2023. The ARES stock dividend was $0.77 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for ARES in the last 3 months, the mean price target is $114.77 with high estimates of $128.00 and low estimates of $96.00. In terms of 52-week highs and lows, ARES has a high of $112.15 and a low of $66.04.

As of this writing, ARES has an earnings estimate of $0.87 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $0.94 per share and a lower estimate of $0.84. The company reported an EPS of $0.71 in the last quarter, which was -12.30% lower than expectations of $0.81.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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 $9.47, while its Total Shareholder’s Equity was $3.81B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. 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 3.93.

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