Ares Management Corporation operates as an alternative asset manager in the United States, Europe, and Asia. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets. Its Direct Lending Group segment provides financing solutions to small-to-medium sized companies. The company's Private Equity Group segment focuses on majority or shared-control investments primarily in under-capitalized companies. Its Real Estate Group segment invests in new developments and the repositioning of assets, with a focus on control or majority-control investments; and originates and invests in a range of self-originated financing opportunities for middle-market owners and operators of commercial real estate. The firm was previously known as Ares Management, L.P. Ares Management Corporation was founded in 1997 and is headquartered in Los Angeles, California with additional offices in the United States, Europe and Asia. Ares Management GP LLC is the general partner of the company.
IPO Year: 2014
Exchange: NYSE
Website: aresmgmt.com
| 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 |
| 1/9/2024 | $122.00 | Buy → Hold | Jefferies |
| 10/5/2023 | $133.00 | Outperform | Wolfe Research |
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SCHEDULE 13G/A - Ares Management Corp (0001176948) (Subject)
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8-K - Ares Management Corp (0001176948) (Filer)
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10-Q - Ares Management Corp (0001176948) (Filer)
8-K - Ares Management Corp (0001176948) (Filer)
8-K - Ares Management Corp (0001176948) (Filer)
CERT - Ares Management Corp (0001176948) (Filer)
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
Wells Fargo initiated coverage of Ares Management with a rating of Equal Weight and set a new price target of $156.00
Redburn Atlantic initiated coverage of Ares Management with a rating of Neutral and set a new price target of $140.00
Deutsche Bank downgraded Ares Management from Buy to Hold and set a new price target of $132.00 from $176.00 previously
Deutsche Bank initiated coverage of Ares Management with a rating of Buy and set a new price target of $176.00
TD Cowen initiated coverage of Ares Management with a rating of Buy and set a new price target of $154.00
Jefferies downgraded Ares Management from Buy to Hold and set a new price target of $122.00
Wolfe Research initiated coverage of Ares Management with a rating of Outperform and set a new price target of $133.00
4 - Ares Management Corp (0001176948) (Reporting)
4 - Ares Management Corp (0001176948) (Reporting)
4 - Ares Management Corp (0001176948) (Reporting)
Ares Management Corporation (NYSE:ARES) ("Ares"), a leading global alternative investment manager, announced today that Ares Credit funds served as the administrative agent on $300 million in incremental debt financing for Tempus AI, Inc. (NASDAQ:TEM) ("Tempus"), a technology company leading the adoption of AI to advance precision medicine and patient care. The financing is intended to support Tempus' previously announced acquisition of Ambry Genetics ("Ambry"), which closed on February 3, 2025. Combined with $260 million of capital provided in 2022 and 2023, Ares Credit funds have provided Tempus a total debt package of approximately $560 million. Founded in 2015, Tempus is bringing data
BOULDER, Colo., Feb. 11, 2025 /PRNewswire/ -- TIFIN AMP Inc. ("TIFIN AMP"), an AI-powered distribution intelligence platform, is excited to announce a strategic relationship with Ares Wealth Management Solutions ("AWMS"), the global private wealth platform of Ares Management Corporation (NYSE:ARES) ("Ares"). Through this relationship, TIFIN will provide AWMS an AI-powered solution designed to enhance the productivity of AWMS' distribution teams and support accelerated growth across the U.S. advisor-sold channel by delivering targeted solutions and helping align sales and marketing efforts with the most impactful opportunities.
Mereo Insurance Limited, a new reinsurance platform, has received an A- credit rating from AM Best, and begins operations this week in an attractive global property and casualty reinsurance market. The common equity was led by Susquehanna Private Equity Investments, LLLP, a member of the Susquehanna International Group of Companies, and The Andover Companies, with preferred equity provided by Ares Management Alternative Credit funds ("Ares"). This first close will allow the platform to offer flexible, scalable and timely solutions to the reinsurance market immediately. The reinsurance market is currently pricing at attractive risk-adjusted rate adequacy levels and has created a unique inv
Ares Management Corporation (NYSE:ARES) ("Ares") announced today that an Ares Credit fund served as the administrative and collateral agent on a financing package to support the recapitalization of Global Healthcare Exchange, LLC ("GHX"). Founded in 2000, GHX is the leading provider of mission critical supply chain software automation solutions in the healthcare industry, facilitating accurate and timely connectivity between suppliers, providers, and distributors. GHX serves the majority of healthcare manufacturers, distributors and GPOs alongside hospitals representing a high percentage of total U.S. hospital beds. The strategic financing will enable GHX to strengthen its capital structu
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
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 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
MCLEAN, Va., Jan. 30, 2025 /PRNewswire/ -- ID.me, the market leading digital identity wallet, today announced it has closed a $275 million credit facility provided by Ares Management funds ("Ares"). Ares also plans to make a substantial equity investment in ID.me. Proceeds will fuel ID.me's continued acceleration, as ID.me is revolutionizing the way Americans securely prove their identity online, expanding digital access while protecting privacy and preventing fraud. This financing comes amid significant business momentum, as ID.me has signed up over 139 million users into its
SC 13G/A - Ares Management Corp (0001176948) (Subject)
SC 13G/A - Ares Management Corp (0001176948) (Subject)
SC 13G/A - Ares Management Corp (0001176948) (Subject)
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SC 13G/A - Ares Management Corp (0001176948) (Subject)
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SC 13G/A - Ares Management Corp (0001176948) (Subject)
SC 13G/A - Ares Management Corp (0001176948) (Subject)
SC 13G/A - Ares Management Corp (0001176948) (Subject)
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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
Michael Smith and Mitch Goldstein Appointed as Co-Chairmen of Board of Directors Ares Capital Corporation ("Ares Capital") (NASDAQ:ARCC) announced today that James ("Jim") R. Miller was appointed as Co-President to serve alongside current Co-President, Kort Schnabel. Concurrently, Ares Capital's Board of Directors was expanded by one member. Mitchell ("Mitch") Goldstein joined Ares Capital's Board of Directors, and Mitch Goldstein and Michael L. Smith have been appointed to serve as Co-Chairmen of Ares Capital's Board of Directors. Michael Arougheti will cease to serve as Chairman of Ares Capital's Board of Directors but will continue to serve as a Director. Kipp deVeer will continue in hi
Transaction Reinforces AIR's Presence in Europe and Enhances its Capabilities for Integration of Advanced Robotics into Automated Systems Vivian Farrell Promoted to President of Automated Industrial Robotics, Ireland Automated Industrial Robotics Inc. ("AIR" or the "Company") today announced the acquisition of Robotics & Drives ("RDS"), an Ireland-based industrial automation company focused on delivering innovative solutions through robotics technology. The transaction further reinforces AIR's presence in Europe, strengthens the Company's ability to integrate robotics solutions into its automated systems and adds to the product portfolio. The transaction was funded primarily by an additio
Move Expected to Enhance Collaboration Across Ares' Leading Credit Platform Aaron Rosen and Craig Snyder Named Co-Heads of Opportunistic Credit Ares Management Corporation (NYSE:ARES) today announced that its Special Opportunities strategy, currently a business within its Private Equity Group, will be joining the firm's Credit Group and will be named Opportunistic Credit. Moving the strategy to the Credit Group is expected to enable greater collaboration across the Ares platform, enhancing benefits to Ares' limited partners, sponsor partners and portfolio companies. The Opportunistic Credit team will build on the accomplishments of the Special Opportunities strategy and leverage the e
Ares Management Corporation (NYSE:ARES) ("Ares") announced today that Julie Solomon, Global Chief Operating Officer of Ares Real Estate, has been promoted to Co-Head of Real Estate alongside Bill Benjamin, current Head of Real Estate. Effective immediately, Ms. Solomon and Mr. Benjamin together will co-lead the Ares Real Estate business globally. Ms. Solomon joined Ares in 2013 and has been an invaluable leader on the Real Estate team throughout this time as a key contributor to the team's significant organic and inorganic growth. As Global Chief Operating Officer of Ares Real Estate, she has been instrumental in driving the growth and integration of the team's portfolio management functi
Ares Private Equity Fund Invests Substantial Equity Capital to Support AIR's Growth Strategy AIR Acquires TA Systems and Modular Automation Ares Management Corporation (NYSE:ARES) announced today the launch of Automated Industrial Robotics Inc. ("AIR" or the "Company"), a newly formed industrial automation company designed to capitalize on increasing global demand for manufacturing automation solutions. An Ares Private Equity fund ("Ares") has invested substantial equity capital to support AIR's acquisition and organic growth strategy. AIR is focused on acquiring and facilitating the growth of differentiated industrial automation companies serving diverse end markets with strong opera
Penni Roll to Step Down as Chief Financial Officer of Ares Capital Corporation Ares Capital Corporation ("Ares Capital") (NASDAQ:ARCC) announced today that Ares Capital's Chief Accounting Officer, Vice President and Treasurer, Scott Lem, has been appointed as its new Chief Financial Officer, effective February 15, 2024. Mr. Lem succeeds Penni Roll, who plans to step down as Ares Capital's Chief Financial Officer, effective the same date. Ms. Roll, who also serves as the Chief Financial Officer of Ares Management Corporation's ("Ares") Credit Group, will remain an officer of Ares Capital and at Ares in a senior leadership capacity. Since joining Ares in 2003, Mr. Lem has served in a numb
Interstate Waste Services Completes Debt Recapitalization Littlejohn & Co. LLC ("Littlejohn"), a private investment firm based in Greenwich, CT, and Interstate Waste Services ("IWS" or the "Company") today announced that funds managed by the Private Equity Group of Ares Management Corporation (NYSE:ARES) have agreed to acquire a significant equity stake in IWS. Littlejohn and Ares funds will each have significant ownership stakes in the Company. Alongside the equity transaction, IWS also announced that it has completed a debt recapitalization with a new first-lien term loan via a JP Morgan-led arranger group. Terms of the transactions were not disclosed. Headquartered in Teaneck, New Je
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
NEW YORK, NY / ACCESSWIRE / January 13, 2025 / Ares Management Corporation announced today that it will report earnings for the fourth quarter and full year ending December 31, 2024 on Wednesday, February 5, 2025 prior to the opening of the New York Stock Exchange. Ares Management Corporation will hold its webcast/conference call on the same day at 10:00 a.m. (Eastern Time) to discuss its fourth quarter and full year ending December 31, 2024 financial results.All interested parties are invited to participate via telephone or the live webcast, which will be hosted on a webcast link located on the Home page of the Investor Resources section of our website at http://www.aresmgmt.com. Please vis
NEW YORK, NY / ACCESSWIRE / January 3, 2025 / Ares Capital Corporation ("Ares Capital") (NASDAQ:ARCC) announced today that it will report earnings for the fourth quarter and fiscal year ended December 31, 2024 on Wednesday, February 5, 2025 prior to the opening of the Nasdaq Global Select Market. Ares Capital invites all interested persons to attend its webcast/conference call at 12:00 p.m. (Eastern Time) on the same day to discuss its fourth quarter and fiscal year ended December 31, 2024 financial results.All interested parties are invited to participate via telephone or the live webcast, which will be hosted on a webcast link located on the Home page of the Investor Resources section of o
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2024. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Capital Markets Index (Index Ticker: KSX, ETF Ticker:N/A), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY
Ares Management Corporation (NYSE:ARES) today reported its financial results for its third quarter ended September 30, 2024. GAAP net income attributable to Ares Management Corporation was $118.5 million for the quarter ended September 30, 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 $0.55 for the quarter ended September 30, 2024. After-tax realized income was $316.0 million for the quarter ended September 30, 2024. After-tax realized income per share of Class A common stock was $0.95 for the quarter ended September 30, 2024. Fee related earnings were $339.3 million for the quarter ended Sep
DIVIDEND DECLARATIONS Ares Capital Corporation ("Ares Capital") (NASDAQ:ARCC) announced that its Board of Directors has declared a fourth quarter 2024 dividend of $0.48 per share. The fourth quarter 2024 dividend is payable on December 30, 2024 to stockholders of record as of December 13, 2024. SEPTEMBER 30, 2024 FINANCIAL RESULTS Ares Capital also announced financial results for its third quarter ended September 30, 2024. OPERATING RESULTS Q3-24(1) Q3-23(1) (dollar amounts in millions, except per share data) Total Amount Per Share Total Amount Per Share GAAP net income per share(2)(3) $ 0.62
NEW YORK, NY / ACCESSWIRE / October 17, 2024 / Ares Management Corporation announced today that it has updated the time it will hold its earnings webcast/conference call for the third quarter ending September 30, 2024 to 9:00am ET on Friday, November 1, 2024. Ares Management Corporation will report its earnings for the third quarter ending September 30, 2024 earlier that morning, prior to the opening of the New York Stock Exchange.All interested parties are invited to participate via telephone or the live webcast, which will be hosted on a webcast link located on the Home page of the Investor Resources section of our website at http://www.aresmgmt.com. Please visit the website to test your c
Strategic Acquisition Cements Ares as a Leading Global Real Estate Alternative Asset Manager, With Approximately $96 Billion in Real Estate Assets Under Management Adds Complementary Investment, Development and Operating Capabilities in Key New Economy Sectors and Regions in Industrial Real Estate and Digital Infrastructure Transaction Structured for Leadership Continuity and Alignment with Fund Clients and Ares Stockholders; Substantial Majority of Total Consideration to GCP International Management and Employees to be Paid in Ares Stock and Subject to Long-Term Retention Mechanisms Ares Management Corporation (NYSE:ARES) ("Ares") announced today that it has entered into a definitive ag