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Saturday, December 9, 2023

The Question Is Whether To Buy Or Not To Buy Ares Management Corp (NYSE: ARES)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Ares Management Corp (ARES) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.67, or -0.64%, to $104.16. The Ares Management Corp has recorded 19,371 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Ares Management Corporation Prices Offering of Senior Notes.

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Stocks Info

This NYSE-listed company operates within the Asset Management industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $104.83 and fluctuated between $106.26 as its day high and $104.42 as its day low. The current market capitalization of Ares Management Corp is $19.38B. A total of 0.55 million shares were traded on the day, compared to an average of 998.86K shares.

Insider Activity

Insider trades can also provide insight into a 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.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Ares Management Corp pays an annual dividend of $3.11, resulting in a dividend yield of 2.96%, and it has a price to earnings (P/E) ratio of 48.89. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for ARES in the last 3 months, the mean price target is $114.38 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

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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 $9.23, 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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