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. Most recently, Yahoo Finance reported about the stock as it publicized that Ares Management Corporation Schedules Earnings Release and Conference Call for the First Quarter Ending March 31, 2024.
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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 $25.94B. A total of 1.22 million shares were traded on the day, compared to an average of 1.00M shares.
In the most recent transaction, RESSLER ANTONY P sold 175,152 shares of ARES for 133.56 per share on Apr 05 ’24. After the transaction, the Co-Founder & Exec. Chairman now owns 0 company shares. In a previous transaction on Apr 04 ’24, RESSLER ANTONY P sold 178,465 shares at 132.57 per share. ARES shares that Co-Founder & Exec. Chairman owns now total 0.
Among the insiders who sold shares, RESSLER ANTONY P disposed of 45,984 shares on Apr 03 ’24 at a per-share price of $132.11. This resulted in the Co-Founder & Exec. Chairman holding 0 shares of ARES after the transaction. In another insider transaction, KAPLAN DAVID B sold 40,222 shares at $132.04 per share on Apr 03 ’24. Company shares held by the Co-Founder now total 0.
Dividend
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 $3.24, resulting in a dividend yield of 2.42%, and it has a price to earnings (P/E) ratio of 55.16. ARES’s most recent ex-dividend date was 3/14/2024 when it declared a $0.93 quarterly dividend that was paid in cash on 3/29/2024. Previously, the company paid the dividend on 12/29/2023 with an ex-dividend date of 12/14/2023. 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. In terms of 52-week highs and lows, ARES has a high of $139.48 and a low of $77.97.
As of this writing, ARES has an earnings estimate of $0.94 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $1.02 per share and a lower estimate of $0.84. The company reported an EPS of $0.83 in the last quarter, which was -4.60% lower than expectations of $0.87.
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 $9.94, 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 3.85.
