ARES Stock Recent News

NEW YORK, NY / ACCESSWIRE / December 4, 2024 / Ares Management Corporation announced today that its Co-Founder, Chief Executive Officer and President, Michael Arougheti, is scheduled to present at the Goldman Sachs Financial Services Conference on Wednesday, December 11, 2024 at 9:20am ET. A live audio webcast of the presentation will be available in the Investor Resources section of the Company's website at www.aresmgmt.com.

Investors with an interest in Financial - Investment Management stocks have likely encountered both T. Rowe Price (TROW) and Ares Management (ARES).

Despite having a good history of beating the number, estimates for this investment management firm have come down.

Investors interested in stocks from the Financial - Investment Management sector have probably already heard of T. Rowe Price (TROW) and Ares Management (ARES).

Ares Corporation's Q3 earnings showed strong growth in EPS and record deployment. Despite an initial stock drop after the earnings report, ARES recovered to an all-time high, driven by positive market sentiment following Donald Trump's election. The Company's total AUM reached $463.8 billion, with significant potential for future fee-related earnings growth from undeployed capital.

September saw two new convertible preferred stock offerings, one term preferred offering, and one Exchange Traded Debt (ETD) offering, with yields ranging from 6% to 8.125%. Here is a comparison against the highest quality preferred stocks in our coverage universe, as ranked by our internal “CDx3 Compliance Score” metric: CDx3 preferreds ranked 10 out of 10 are meanwhile selling for an average premium to par of about 7 cents and offer an average current yield of 6.23%.

Ares Management Corporation (NYSE:ARES ) Q3 2024 Results Conference Call November 1, 2024 11:00 AM ET Company Participants Greg Mason - Co-Head-Public Markets IR Michael Arougheti - CEO Jarrod Phillips - CFO Conference Call Participants Craig Siegenthaler - Bank of America Alex Blostein - Goldman Sachs Brendan O'Brien - Wolfe Research Bill Katz - TD Cowen Brennan Hawken - UBS Michael Cyprys - Morgan Stanley Brian Bedell - Deutsche Bank Ken Worthington - JPMorgan Mike Brown - Wells Fargo Securities Operator Welcome to Ares Management Corporation's Third Quarter Earnings Conference Call. [Operator Instructions].

Although the revenue and EPS for Ares Management (ARES) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Ares Management (ARES) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $0.83 per share a year ago.

$12.3 Billion in New Commitments Closed in the Third Quarter, Reaching a Record of $44.5 Billion Closed in the 12 Months Ended September 30, 2024 NEW YORK, NY / ACCESSWIRE / November 1, 2024 / Ares Management Corporation (NYSE:ARES) announced today that funds managed by its Credit Group (collectively "Ares") closed approximately $12.3 billion in U.S. direct lending commitments across 86 transactions during the third quarter of 2024 and approximately $44.5 billion in direct lending commitments across 328 transactions in the 12 months ended September 30, 2024. The $44.5 billion of commitments over the 12-month period represents a new record for the U.S. Direct Lending business.