Morgan Stanley Keeps Their Hold Rating on Ares Management (ARES)
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Ares Management Corp is an asset management company. It offers investors investment-related advice and strategies for capital growth. The company's operating segments include Credit Group, Private Equity Group, Real Assets and Secondaries Group. Its Credit Group generates maximum revenue, and 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 manages comprehensive equity and debt strategies across real estate and infrastructure investments. The Secondaries Group invests in secondary markets across a range of alternative asset class strategies, including private equity, real estate, infrastructure and credit.
Ares Management Class A trades on the NYSE stock market under the symbol ARES.
As of January 29, 2025, ARES stock price declined to $193.42 with 744,571 million shares trading.
ARES has a beta of 1.34, meaning it tends to be more sensitive to market movements. ARES has a correlation of 0.45 to the broad based SPY ETF.
ARES has a market cap of $39.04 billion. This is considered a Large Cap stock.
Last quarter Ares Management Class A reported $754 million in Revenue and $.95 earnings per share. This fell short of revenue expectation by $-49 million and exceeded earnings estimates by $.01.
In the last 3 years, ARES traded as high as $197.53 and as low as $53.15.
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 +62.7% while the SPY ETF gained +24.9%. ARES has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +13.7% and +8.0%, respectively, while the SPY returned +4.0% and +3.4%, respectively.
ARES support price is $189.91 and resistance is $197.29 (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 shares will trade within this expected range on the day.