Currently, there are 187.07M common shares owned by the public and among those 184.53M shares have been available to trade.
The company’s stock has a 5-day price change of -1.87% and 10.55% over the past three months. ARES shares are trading 28.98% year to date (YTD), with the 12-month market performance up to 41.47% higher. It has a 12-month low price of $96.00 and touched a high of $161.56 over the same period. ARES has an average intraday trading volume of 1.01 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.61%, 4.00%, and 12.23% respectively.
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Institutional ownership of Ares Management Corp (NYSE: ARES) shares accounts for 88.10% of the company’s 187.07M shares outstanding.
It has a market capitalization of $30.63B and a beta (3y monthly) value of 1.22. The stock’s trailing 12-month PE ratio is 77.52, while the earnings-per-share (ttm) stands at $1.98. The company has a PEG of 3.23 and the debt-to-equity ratio at 7.24. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.16% over the week and 2.28% over the month.
Earnings per share for the fiscal year are expected to increase by 13.57%, and 38.76% over the next financial year. EPS should shrink at an annualized rate of 24.04% over the next five years, compared to 52.32% over the past 5-year period.
Looking at the support for the ARES, a number of firms have released research notes about the stock. Wells Fargo stated their Equal Weight rating for the stock in a research note on September 12, 2024, with the firm’s price target at $156. Redburn Atlantic coverage for the Ares Management Corp (ARES) stock in a research note released on August 27, 2024 offered a Neutral rating with a price target of $140. Deutsche Bank was of a view on June 13, 2024 that the stock is Hold, while Deutsche Bank gave the stock Buy rating on May 28, 2024, issuing a price target of $176. TD Cowen on their part issued Buy rating on May 07, 2024.
