ARES Stock Summary and Trading Ideas (Ares Management Class A | NYSE:ARES)

Ares Management Corp is an asset management company based in the United States. It offers investors investment-related advice and strategies for capital growth. The company's operating segments include Credit Group, Private Equity Group, the Real Estate Group, Secondary Solutions Group and Strategic Initiatives. Its Credit Group generates maximum revenue, manages credit strategies across the liquid and illiquid spectrum. Private Equity Group manages investment strategies categorized as corporate private equity, infrastructure and power, and special opportunities, Real Estate Group is engaged in managing real estate equity and debt strategies. The Secondary Solutions Group invests in secondary markets across a range of asset class including private equity, real estate, and infrastructure.

Ares Management Class A trades on the NYSE stock market under the symbol ARES.

As of February 3, 2023, ARES stock price climbed to $85.03 with 1,019,394 million shares trading.

ARES has a beta of 1.81, meaning it tends to be more sensitive to market movements. ARES has a correlation of 0.70 to the broad based SPY ETF.

ARES has a market cap of $15.04 billion. This is considered a Large Cap stock.

Last quarter Ares Management Class A reported $548 million in Revenue and $.75 earnings per share. This fell short of revenue expectation by $-90 million and exceeded earnings estimates by $.01.

In the last 3 years, ARES stock traded as high as $90.08 and as low as $20.20.

The top ETF exchange traded funds that ARES belongs to (by Net Assets): VTI, VO, VXF, VUG, VOT.

ARES has outperformed the market in the last year with a price return of +11.8% while the SPY ETF lost -6.3%. However, in the short term, ARES had mixed performance relative to the market. It has underperformed in the last 3 months, returning +11.2% vs +11.6% return in SPY. But in the last 2 weeks, ARES shares have fared better than the market returning +8.1% compared to SPY +4.2%.

ARES support price is $82.88 and resistance is $86.39 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ARES stock will trade within this expected range on the day.