Taking the lead: Ares Management Corp (ARES)

With 0.91 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.3 million shares. During the session, the Asset Management company that operates in wider Financial sector, reached to the highest price of $139.01 whereas the lowest price it dropped to was $135.1104. The 52-week range on ARES shows that it touched its highest point at $150.12 and its lowest point at $93.65 during that stretch. It currently has a 1-year price target of $149.77. With its current market cap of 27.63 billion, ARES has annualized dividend of $3.40 while the current yield stands at 2.45%. Beta for the stock currently stands at 1.23.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ARES was up-trending over the past week, with a rise of 2.43%, but this was up by 4.37% over a month. Three-month performance surged to 3.69% while six-month performance rose 16.64%. The stock gained 48.04% in the past year, while it has gained 16.67% so far this year. A look at the trailing 12-month EPS for ARES yields 2.28 with Next year EPS estimates of 6.03. For the next quarter, that number is 0.99. This implies an EPS growth rate of 17.37% for this year and 40.66% for next year. EPS is expected to grow by 26.05% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 52.32%.

Float and Shares Shorts:

At present, 187.07 million ARES shares are outstanding with a float of 170.74 million shares on hand for trading. On 2024-06-14, short shares totaled 3.42 million, which was 172.0 higher than short shares on 1715731200. In addition to Mr. Antony Peter Ressler as the firm’s Co-Founder & Executive Chairman, Mr. Michael J. Arougheti serves as its Co-Founder, CEO, President & Director.

Institutional Ownership:

Through their ownership of 0.77156997 of ARES’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, ARES reported revenue of $nan and operating income of $nan. The EBITDA in the recently reported quarter was $nan and diluted EPS was $0.33.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ARES since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.