Ares Management Corp (NYSE: ARES) Could Be Viewed Differently By Investors Because Of These Numbers

After Hours

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. Recently, Yahoo Finance discussed the stock, revealing that Ares Management Appoints Julie Solomon as Co-Head of Real Estate.

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Stocks Info

The company is listed on the NYSE and operates within the Asset Management industry segment. At the end of the last regular session, the stock closed at $124.50 and fluctuated between $125.99 as its day high and $123.85 as its day low. The current market capitalization of Ares Management Corp is $23.54B. A total of 0.6 million shares were traded on the day, compared to an average of 851.22K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, ARES has seen 1 BUY and 6 SELL insider trades, representing the acquisition of 150,000 and the disposition of 150,000 shares. Over the last 12 months, there were 17 BUYs and 86 SELLs from insiders. Insiders purchased 2,063,162 shares during that period but sold 4,114,306.

In the most recent transaction, Arougheti Michael J sold 150,000 shares of ARES for 105.17 per share on Nov 15. After the transaction, the Co-Founder, CEO and President now owns 0 company shares. In a previous transaction on Oct 18, ARES MANAGEMENT LLC bought 150,000 shares at 18.93 per share. ARES shares that 10% Owner owns now total 38,912,895.

Among the insiders who sold shares, KAPLAN DAVID B disposed of 22,442 shares on Oct 03 at a per-share price of $100.09. This resulted in the Co-Founder holding 0 shares of ARES after the transaction. In another insider transaction, Rosenthal Bennett sold 21,818 shares at $100.09 per share on Oct 03. Company shares held by the Co-Founder & Chairman of PEG now total 0.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Ares Management Corp pays an annual dividend of $3.11, resulting in a dividend yield of 2.50%, and it has a price to earnings (P/E) ratio of 58.06. 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.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for ARES in the last 3 months, the mean price target is $127.83 with high estimates of $146.00 and low estimates of $112.00. In terms of 52-week highs and lows, ARES has a high of $127.33 and a low of $71.36.

As of this writing, ARES has an earnings estimate of $1.1 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $1.18 per share and a lower estimate of $0.98. The company reported an EPS of $0.9 in the last quarter, which was 5.90% higher than expectations of $0.85.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s 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 $9.23, while its Total Shareholder’s Equity was $3.81B.

Analysts Opinion

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. 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 3.79.

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