Wolfe Research initiated coverage on Ares Management with a new price target
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Wolfe Research initiated coverage of Ares Management with a rating of Outperform and set a new price target of $133.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/27/2025 | $224.00 | Overweight | Barclays |
| 12/20/2024 | $166.00 → $202.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 12/12/2024 | $212.00 | Equal Weight → Overweight | Wells Fargo |
| 9/12/2024 | $156.00 | Equal Weight | Wells Fargo |
| 8/27/2024 | $140.00 | Neutral | Redburn Atlantic |
| 6/13/2024 | $176.00 → $132.00 | Buy → Hold | Deutsche Bank |
| 5/28/2024 | $176.00 | Buy | Deutsche Bank |
| 5/7/2024 | $154.00 | Buy | TD Cowen |
Barclays resumed coverage of Ares Management with a rating of Overweight and set a new price target of $224.00
Keefe Bruyette upgraded Ares Management from Mkt Perform to Outperform and set a new price target of $202.00 from $166.00 previously
Wells Fargo upgraded Ares Management from Equal Weight to Overweight and set a new price target of $212.00
4 - Ares Management Corp (0001176948) (Issuer)
4 - Ares Management Corp (0001176948) (Reporting)
4 - Ares Management Corp (0001176948) (Reporting)
SC 13G/A - Ares Management Corp (0001176948) (Subject)
SC 13G/A - Ares Management Corp (0001176948) (Subject)
SC 13G/A - Ares Management Corp (0001176948) (Subject)
4 - Ares Management Corp (0001176948) (Issuer)
4 - Ares Management Corp (0001176948) (Issuer)
4 - Ares Management Corp (0001176948) (Issuer)
144 - Ares Management Corp (0001176948) (Subject)
144 - Ares Management Corp (0001176948) (Subject)
8-K - Ares Management Corp (0001176948) (Filer)
Additional Portfolio Brings Relationship to 3.7 GW of Investment in U.S. Generation HOUSTON, March 24, 2025 /PRNewswire/ -- ENGIE North America (ENGIE) announced that it recently expanded its partnership with Ares Management Infrastructure Opportunities funds (Ares) via the addition of a new almost 1 GW portfolio. ENGIE will retain a controlling share in the portfolio and will continue to operate and manage the assets. The overall 0.9 GW portfolio consists of three solar projects in operation across ERCOT and MISO, and one co-located battery storage project in ERCOT. "The exp
Excel Group, a private equity firm that owns and develops hotels throughout the United States, is pleased to announce that it has partnered with Ares Management Real Estate Secondaries funds ("Ares") to invest in a portfolio of Excel-owned Marriott and Hilton branded hotels. The portfolio comprises eight assets primarily concentrated in high-demand U.S. east coast markets with a mix of limited service, select service, and extended stay hotels. The transaction also provides additional capital for Excel Group to continue to grow their hotel portfolio. Shoham Amin, Founder and Principal of Excel Group, said, "This transaction is a pivotal milestone for Excel that builds on our team's exceptio
TARBX named best-in-class Alternative Credit Focus Fund for its 5-year performance Touchstone Investments ("Touchstone"), known for its Distinctively Active® mutual funds and exchange traded funds (ETFs), announced today that its Touchstone Ares Credit Opportunities Fund (TARBX) has received a 2025 LSEG Lipper award in the Alternative Credit Focus Funds category for its 5-year performance (out of 21 funds and 75 share classes). Established in 2015 and sub-advised by a subsidiary of Ares Management Corporation (NYSE:ARES) ("Ares"), the Touchstone Ares Credit Opportunities Fund employs flexibility by allocating assets among core investments and opportunistic investments as market conditions
Michael Arougheti to Continue as Chief Executive Officer Ares Management Corporation (NYSE:ARES) ("Ares"), a leading global alternative investment manager, announced today that it has appointed Kipp deVeer and Blair Jacobson to the newly created positions of Co-Presidents, effective immediately. Both Mr. deVeer and Mr. Jacobson will report to Michael Arougheti, Ares' Chief Executive Officer. Mr. deVeer and Mr. Jacobson will continue to be based in New York and London, respectively. Mr. deVeer and Mr. Jacobson will transition from their day-to-day management in the Credit Group to work closely with Mr. Arougheti to help drive firm-wide strategic and operational initiatives, support criti
Kipp deVeer to Step Down as CEO Effective April 30, 2025, and Will Remain as a Board Director Ares Capital Corporation (NASDAQ:ARCC) ("Ares Capital" or the "Company") announced today that Co-President Kort Schnabel has been appointed as Chief Executive Officer of the Company, effective April 30, 2025. Concurrently, Kipp deVeer will be stepping down as CEO and will remain a member of the Board of Directors. Mr. deVeer will also continue to serve as a member of the Investment Committee of Ares Capital's investment adviser. Jim Miller, who was appointed Co-President of Ares Capital in October 2024, will continue as the Company's sole President. Mr. Schnabel joined Ares Management Corporati
Ares Management Corporation (NYSE:ARES) ("Ares") announced today that Kevin Alexander, Partner in Ares' Alternative Credit strategy, has been promoted to Co-Head of Alternative Credit alongside current Co-Heads Keith Ashton and Joel Holsinger, effective immediately. Mr. Alexander joined Ares in 2019 and has been a key leader and contributor to the Alternative Credit team's growth and success, playing an instrumental role in the strategy's investment origination and structuring efforts. Currently, Mr. Alexander serves as a member of the Ares Alternative Credit and Pathfinder Investment Committees, the Ares Credit Secondaries Investment Committee and the Ares Insurance Solutions Investment
DIVIDEND DECLARATIONS Ares Capital Corporation ("Ares Capital") (NASDAQ:ARCC) announced that its Board of Directors has declared a first quarter 2025 dividend of $0.48 per share. The first quarter 2025 dividend is payable on March 31, 2025 to stockholders of record as of March 14, 2025. DECEMBER 31, 2024 FINANCIAL RESULTS Ares Capital also announced financial results for its fourth quarter and year ended December 31, 2024. OPERATING RESULTS Q4-24(4) Q4-23(4) FY-24 FY-23 (dollar amounts in millions, except per share data) Total Amount Per Share Total Amoun
Ares Management Corporation (NYSE:ARES) today reported its financial results for its fourth quarter and full year ended December 31, 2024. GAAP net income attributable to Ares Management Corporation was $177.3 million for the quarter ended December 31, 2024. On a basic and diluted basis, net income attributable to Ares Management Corporation per share of Class A and non-voting common stock was $0.72 for the quarter ended December 31, 2024. After-tax realized income was $434.7 million for the quarter ended December 31, 2024. After-tax realized income per share of Class A common stock was $1.23 for the quarter ended December 31, 2024. Fee related earnings were $396.2 million for the quart
Ares Capital Corporation ("Ares Capital" or the "Company") (NASDAQ:ARCC) announced today the tax treatment of the Company's 2024 common stock distributions (CUSIP #: 04010L103). Record Date Payable Date Total Paid Per Share Ordinary Income Per Share Long Term Capital Gains per Share (2) Interest - Related Dividends (3) Ordinary Rate 20% Rate (1) 3/15/2024 3/29/2024 $ 0.4800 $ 0.401573 $ 0.078427 $ 0.0000 92.2104% 6/14/2024 6/28/2024 $ 0.4800 $ 0.401573 $ 0.078427 $ 0.0000 92.2104% 9/13/2024