Ares Management Corp ARES Stock Quotes and Insider News

Insider Chart Past 6 Months

Technical Chart

Filings by transaction date

Jun 02, 2023 (filed on Jun 05, 2023)

Insider Name:

Berry Ryan

Ownership Type:

Direct Ownership

Securities:

Class A Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-10,000

Price:

$89.11
Jun 01, 2023 (filed on Jun 05, 2023)

Insider Name:

Berry Ryan

Ownership Type:

Direct Ownership

Securities:

Class A Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-10,000

Price:

$88.22
May 30, 2023 (filed on May 31, 2023)

Insider Name:

Berry Ryan

Ownership Type:

Direct Ownership

Securities:

Class A Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-5,000

Price:

$87.32
May 26, 2023 (filed on May 31, 2023)

Insider Name:

Arougheti Michael J

Ownership Type:

Indirect Ownership

Securities:

Class A Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-41,832

Price:

$85.11
May 26, 2023 (filed on May 31, 2023)

Insider Name:

Arougheti Michael J

Ownership Type:

Indirect Ownership

Securities:

Class A Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-22,026

Price:

$84.29
May 26, 2023 (filed on May 31, 2023)

Insider Name:

Arougheti Michael J

Ownership Type:

Direct Ownership

Securities:

Class A Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-44,909

Price:

$85.11
May 26, 2023 (filed on May 31, 2023)

Insider Name:

Arougheti Michael J

Ownership Type:

Direct Ownership

Securities:

Class A Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-23,694

Price:

$84.30
May 25, 2023 (filed on May 25, 2023)

Insider Name:

Arougheti Michael J

Ownership Type:

Indirect Ownership

Securities:

Class A Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-17,640

Price:

$84.37
May 25, 2023 (filed on May 25, 2023)

Insider Name:

Arougheti Michael J

Ownership Type:

Indirect Ownership

Securities:

Class A Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-18,933

Price:

$83.43
May 25, 2023 (filed on May 25, 2023)

Insider Name:

Arougheti Michael J

Ownership Type:

Direct Ownership

Securities:

Class A Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-53,182

Price:

$84.37

Filings by filing date

Jun 02, 2023 (filed on Jun 05, 2023)

Insider Name:

Berry Ryan

Ownership Type:

Direct Ownership

Securities:

Class A Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-10,000

Price:

$89.11
Jun 01, 2023 (filed on Jun 05, 2023)

Insider Name:

Berry Ryan

Ownership Type:

Direct Ownership

Securities:

Class A Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-10,000

Price:

$88.22
May 30, 2023 (filed on May 31, 2023)

Insider Name:

Berry Ryan

Ownership Type:

Direct Ownership

Securities:

Class A Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-5,000

Price:

$87.32
May 26, 2023 (filed on May 31, 2023)

Insider Name:

Arougheti Michael J

Ownership Type:

Indirect Ownership

Securities:

Class A Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-41,832

Price:

$85.11
May 26, 2023 (filed on May 31, 2023)

Insider Name:

Arougheti Michael J

Ownership Type:

Indirect Ownership

Securities:

Class A Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-22,026

Price:

$84.29
May 26, 2023 (filed on May 31, 2023)

Insider Name:

Arougheti Michael J

Ownership Type:

Direct Ownership

Securities:

Class A Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-44,909

Price:

$85.11
May 26, 2023 (filed on May 31, 2023)

Insider Name:

Arougheti Michael J

Ownership Type:

Direct Ownership

Securities:

Class A Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-23,694

Price:

$84.30
May 25, 2023 (filed on May 25, 2023)

Insider Name:

Arougheti Michael J

Ownership Type:

Indirect Ownership

Securities:

Class A Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-17,640

Price:

$84.37
May 25, 2023 (filed on May 25, 2023)

Insider Name:

Arougheti Michael J

Ownership Type:

Indirect Ownership

Securities:

Class A Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-18,933

Price:

$83.43
May 24, 2023 (filed on May 25, 2023)

Insider Name:

Arougheti Michael J

Ownership Type:

Direct Ownership

Securities:

Class A Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-1,500

Price:

$83.90

News

Biz Brief

Sector: Financials	Industry: Investment Management & Fund Operators

See Regulatory Filings on SEC

Company Contact

Address:	2000 Ave Of The Stars, 12Th Floor LOS ANGELES CA 90067
Tel:	1-678-5381981
Website:	https://www.aresmgmt.com
IR:	See website

Key People

Antony P. Ressler Executive Chairman of the Board, Co-Founder	Michael J. Arougheti President, Chief Executive Officer, Co-Founder, Director	David B. Kaplan Co-Founder, Partner, Director
Bennett Rosenthal Co-Founder, Partner, Director, Chairman of the Ares Private Equity Group	Jarrod Phillips Partner, Chief Financial Officer	Ryan Berry Partner, Chief Marketing and Strategy Officer
Robert Kipp deVeer Partner, Head of Credit Group, Director	Naseem Sagati Aghili General Counsel, Secretary

Business Overview

Ares Management Corporation is an alternative investment manager. The Company offers its investors a range of investment strategies. The Company operates through five segments: Credit Group, Private Equity Group, Real Assets Group, Secondaries Group and Strategic Initiatives. The Company's Credit Group segment manages credit strategies across the liquid and illiquid spectrum, including syndicated loans, high yield bonds, multi-asset credit, alternative credit investments and direct lending. The Company's Private Equity Group segment categorizes its investment strategies as corporate private equity and special opportunities. Its Real Assets Group segment manages equity and debt strategies across real estate and infrastructure investments. Its Secondaries Group segment invests in secondary markets across a range of alternative asset class strategies, including private equity, real estate and infrastructure.

Financial Overview

For the three months ended 31 March 2023, Ares Management Corp revenues increased 14% to $813.4M. Net income applicable to common stockholders increased from $42.3M to $88.7M. Revenues reflect Credit Group segment increase of 28% to $421.7M, Private Equity Group segment increase of 52% to $73.8M. Net income benefited from Interest and other income of Consolidate increase of 85% to $222.9M (income).

Employees:	2,550 as of Dec 31, 2022

Reporting Currency:	U.S. Dollars
Enterprise value:	$39,054M as of Mar 31, 2023
Annual revenue (TTM):	$3,154M as of Mar 31, 2023
EBITDA (TTM):	$1,096M as of Mar 31, 2023
Net annual income (TTM):	$199.89M as of Mar 31, 2023
Free cash flow (TTM):	-$1,163M as of Mar 31, 2023
Net Debt Last Fiscal Year:	$12,363M as of Mar 31, 2023
Shares outstanding:	302,410,640 as of May 2, 2023
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization