Summary of share price highs, lows and changes for Ares Management
Historical stock prices
Current Share Price	US$134.90
52 Week High	US$195.26
52 Week Low	US$95.80
Beta	1.52
1 Month Change	9.51%
3 Month Change	32.57%
1 Year Change	-19.01%
3 Year Change	42.86%
5 Year Change	135.88%
Change since IPO	625.27%

Recent News & Updates

Seeking Alpha • 13h

Ares Management: The Fears Are Understood, The Discount Has Overshot

Summary Ares Management has corrected ~34% from highs, but its fee base and earnings remain resilient, supporting a buy rating. Q1 2026 showed management fees up 22% YoY, FRE margin expansion to 42.4%, and record fundraising, indicating robust institutional demand. ~85% of AUM is in locked or long-dated vehicles, structurally insulating ARES from rapid credit stress and making the current valuation discount appear excessive. Undeployed AUM of $79.4B could add ~$0.85/share in after-tax RI, with visible catalysts and 16-20% FRE CAGR guidance supporting upside potential. Read the full article on Seeking Alpha

Narrative Update • Jun 12

ARES: Future Returns Will Reflect Esoteric Credit Scale And XE IPO Upside

Ares Management's updated analyst price target edges slightly lower, with model tweaks pointing to a modest cut of about $0.10 per share as analysts factor in incremental changes to discount rates, revenue growth, and profit margin assumptions following recent sector wide revisions and list changes. Analyst Commentary Recent Street research on Ares Management points to a mixed setup, with valuation and execution views split between more enthusiastic and more cautious voices.

Recent updates

Seeking Alpha • 13h

Ares Management: The Fears Are Understood, The Discount Has Overshot

Narrative Update • Jun 12

ARES: Future Returns Will Reflect Esoteric Credit Scale And XE IPO Upside

Narrative Update • May 29

ARES: Future Returns Will Reflect Retail Credit Resilience And XE IPO Upside

Analysts have trimmed the Ares Management price target to about $145 from roughly $171, reflecting updated expectations for slower revenue growth, slightly lower profit margins, and a modestly lower future P/E multiple, while still citing long term earnings potential for the sector. Analyst Commentary Recent research on Ares Management highlights a mix of optimism about long term earnings power and caution around near term earnings quality and flows in certain products.

Narrative Update • May 14

ARES: Private Credit Sentiment Reset Will Support Future Earnings Resilience

Analysts have adjusted the Ares Management price target lower from about $218 to roughly $176, reflecting updated assumptions for growth, margins and future P/E, even as recent research shows a mix of target cuts and one increase across the Street. Analyst Commentary Recent research on Ares Management shows a cluster of target cuts from several firms, paired with a smaller set of more upbeat calls that focus on valuation support and the private credit franchise.

Narrative Update • Apr 30

ARES: Private Credit Sentiment Shifts Will Shape Balanced Risk And Opportunity

Analysts have trimmed Ares Management price targets by varying amounts across several firms, yet still point to steady revenue and margin assumptions and in some cases highlight what they see as an opportunity created by weaker sentiment toward private credit. Analyst Commentary Recent research on Ares Management is mixed, with many firms trimming price targets while keeping an eye on how private credit sentiment may influence valuation and asset growth.

Narrative Update • Apr 16

ARES: Private Credit Outflows And Margin Pressure Will Drive A More Cautious Outlook

The analyst price target for Ares Management shifts from about $113 to $104 as analysts factor in updated assumptions around private credit fee growth, slightly lower profit margins, and a more conservative future P/E multiple, even as revenue growth expectations are adjusted upward. Analyst Commentary Recent research around Ares Management points to a more cautious tone, especially on private credit and valuation.

Narrative Update • Apr 01

ARES: Private Credit Sentiment Reset And CLO Expansion Will Shape Returns

Analysts have trimmed the Ares Management fair value estimate from about $138 to roughly $113, reflecting a series of lower price targets across the Street as they moderate profit margin and business development company earnings assumptions, even as some continue to highlight what they see as an attractive entry point in private credit heavy alternative managers. Analyst Commentary Recent research on Ares Management shows a clear reset in expectations, with several firms cutting price targets and revisiting assumptions around private credit, retail fundraising and business development company earnings.

Narrative Update • Mar 18

ARES: Private Credit Weakness And LBO Expansion Will Drive Future Upside

Ares Management's analyst price target has reset from $166 to $138 as analysts factor in softer private credit flows and lower realization assumptions, even as several firms still highlight recent share weakness as a potential entry point. Analyst Commentary Recent research on Ares Management points to a more cautious tone around private credit flows, realization assumptions, and the valuation the market is placing on fee related earnings.

Narrative Update • Mar 04

ARES: Future Returns Will Reflect Private Credit Resilience And Real Assets Expansion

The updated analyst price target for Ares Management moves lower, with our fair value estimate shifting from $177.94 to $170.59 as analysts factor in reduced expectations for business development company flows and realizations, as well as recent industry wide concerns around private credit, even as some still highlight what they see as attractive entry points for credit focused alternative managers. Analyst Commentary Recent Street research around Ares Management has become more mixed, with several firms cutting price targets while still seeing the company as an important player in private credit and alternative asset management.

Narrative Update • Feb 18

ARES: Future Returns Will Reflect Expanding Real Assets And Index Inclusion

The analyst price target for Ares Management has been reduced by $5.66 to $177.94 as analysts factor in a higher discount rate, slightly lower projected profit margins, and a lower future P/E multiple, even as they reference recent mixed target moves and rating changes across the Street. Analyst Commentary Recent Street research on Ares Management reflects a split view, with several firms revising price targets both higher and lower and at least one upgrade calling out a more attractive entry point.

Narrative Update • Feb 04

ARES: Private Credit Expansion And Index Additions Will Support Future Upside

Analysts have nudged their average price target on Ares Management higher by a few dollars, reflecting refreshed models that incorporate updated assumptions for discount rate, revenue growth, profit margin and future P/E multiples, along with recent target changes across the Street. Analyst Commentary Recent research on Ares Management shows a mix of optimism and caution, with several firms adjusting price targets in both directions as they refresh their models and sector views.

Narrative Update • Jan 21

ARES: Fair Value View Balances Private Credit Momentum And Legal Uncertainty

Analysts have raised their Ares Management fair value estimate from US$138.67 to US$166.00, reflecting updated assumptions on revenue growth, profit margins, and future P/E that are consistent with recent price target revisions from firms across the Street. Analyst Commentary Recent Street research on Ares Management shows a wide range of fair value opinions, with several firms lifting targets while at least one has trimmed expectations.

Narrative Update • Jan 07

ARES: Private Credit Strength And Q3 Reassurance Will Support Earnings Resilience

Analysts have nudged their price targets on Ares Management into a higher US$175 to US$197 range, reflecting updated models after Q3 results, a higher assumed discount rate, adjusted revenue growth and profit margin expectations, and a slightly higher future P/E multiple. Analyst Commentary Bullish analysts are leaning into Ares Management's latest Q3 update, resetting their models with higher price targets clustered in the upper end of the current US$175 to US$197 range.

Narrative Update • Dec 15

ARES Strong Private Credit Margins Will Support Earnings Resilience Despite Legal Scrutiny

Analysts have lifted their price target on Ares Management to $218 from about $190, reflecting confidence in the firm’s stronger margin profile, more attractive forward valuation, and sustained leadership in private credit despite moderating top line growth and macro headwinds. Analyst Commentary Bullish analysts highlight that Ares Management continues to outperform expectations, pointing to better than anticipated Q3 results and resilient fee related earnings as key drivers behind recent price target increases.

Narrative Update • Dec 01

ARES: Future Performance Will Reflect Private Credit Strength Despite Competitive Risks

Analysts have slightly reduced their fair value estimate for Ares Management to $183.60 from $183.94. They cite improved revenue growth but marginally softer profit margin forecasts and continued strength in private credit activity following strong Q3 results.

Narrative Update • Nov 17

ARES: Future Outperformance Will Be Driven By Private Credit Momentum

The average analyst price target for Ares Management has been revised upward by nearly $4 to approximately $184. Recent earnings outperformance and the firm’s credibility in private credit are driving renewed optimism among analysts, despite ongoing industry headwinds.

Narrative Update • Nov 01

ARES: Fee Strength And Credit Competitiveness Will Drive Long-Term Performance

Analysts have slightly reduced their fair value estimate for Ares Management to $180.00 from $180.20. This change reflects recent adjustments to market expectations amid credit concerns, but ongoing support comes from strong investment activity and solid fee-related earnings.

Narrative Update • Oct 18

Alternative Investments And Global Expansion Will Unlock Fee Potential

Ares Management's analyst price target has been revised downward from $191 to $180.20 per share. This reflects analysts' views of modest changes in growth expectations and profit margins amid ongoing industry competition and evolving market conditions.

Narrative Update • Oct 04

Alternative Investments And Global Expansion Will Unlock Fee Potential

Ares Management's analyst price target has shifted modestly downward from $193.69 to $191.00, as analysts cite strong fundamentals but acknowledge a slower revenue growth outlook and increased market competition. Analyst Commentary Recent analyst updates on Ares Management reflect a balance of both optimism and caution regarding the firm’s future performance and valuation drivers.

Narrative Update • Sep 04

Alternative Investments And Global Expansion Will Unlock Fee Potential

Analysts maintain a positive outlook on Ares Management, citing robust investment performance, resilient business fundamentals, and management’s ability to meet key targets, supporting a consensus price target that remains unchanged at $193.69. Analyst Commentary Bullish analysts point to strong underlying investment performance across all Ares Management’s businesses, despite some quarter-to-quarter volatility in realized performance income.

Seeking Alpha • Apr 20

Ares Management: Opportunity In Private Credit

Summary Ares Management Corporation is a leading private markets investment manager, focusing on private credit with significant growth potential, making it an attractive buy at current levels. Private credit, encompassing direct lending, mezzanine debt, distressed debt, and special situations, is projected to grow significantly, positioning Ares for substantial AUM growth. Ares has demonstrated a strong track record with a 19% CAGR in AUM since 2011, supported by a diversified global investor base. Read the full article on Seeking Alpha

Shareholder Returns

	ARES	US Capital Markets	US Market
7D	7.4%	2.9%	0.8%
1Y	-19.0%	12.9%	24.2%

Return vs Industry: ARES underperformed the US Capital Markets industry which returned 8.8% over the past year.

Return vs Market: ARES underperformed the US Market which returned 21.5% over the past year.

Price Volatility

Is ARES's price volatile compared to industry and market?
ARES volatility
ARES Average Weekly Movement	6.0%
Capital Markets Industry Average Movement	3.5%
Market Average Movement	7.2%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	3.1%

Stable Share Price: ARES has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: ARES's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1997	4,297	Mike Arougheti	www.ares.com

Ares Management Corporation operates as an alternative asset manager. Its Direct Lending Group segment provides financing solutions to small-to-medium sized companies. The company’s Private Equity Group segment specializes in early venture, turnaround, mid venture, late venture, recapitalization, growth capital, middle market, mezzanine, distressed and growth buyouts.

Ares Management Corporation Fundamentals Summary

How do Ares Management's earnings and revenue compare to its market cap?
ARES fundamental statistics
Market cap	US$43.81b
Earnings (TTM)	US$561.67m
Revenue (TTM)	US$5.91b

54.2x

P/E Ratio

5.1x

P/S Ratio

Is ARES overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ARES income statement (TTM)
Revenue	US$5.91b
Cost of Revenue	US$3.69b
Gross Profit	US$2.22b
Other Expenses	US$1.66b
Earnings	US$561.67m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)	2.49
Gross Margin	37.56%
Net Profit Margin	9.51%
Debt/Equity Ratio	160.1%

How did ARES perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

185%

Payout Ratio

Does ARES pay a reliable dividends?

See ARES dividend history and benchmarks

When do you need to buy ARES by to receive an upcoming dividend?
Ares Management dividend dates
Ex Dividend Date	Jun 16 2026
Dividend Pay Date	Jun 30 2026
Days until Ex dividend	2 days
Days until Dividend pay date	16 days

Does ARES pay a reliable dividends?

See ARES dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/06/12 18:36
End of Day Share Price	2026/06/12 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Ares Management Corporation is covered by 20 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Benjamin Budish	Barclays
Brennan Hawken	BMO Capital Markets Equity Research
Craig Siegenthaler	BofA Global Research

Ares Management (ARES) Stock Overview

Rewards

Risk Analysis

Analyst Price Targets

ARES: Fee Strength And Credit Competitiveness Will Drive Long-Term Performance

GCP Integration Will Pressure Margins While Expansion Will Offer Upside

Leadership Appointments And Global Expansion Will Unlock Future Markets

Top Analyst Narratives

ARES: Fee Strength And Credit Competitiveness Will Drive Long-Term Performance

GCP Integration Will Pressure Margins While Expansion Will Offer Upside

Leadership Appointments And Global Expansion Will Unlock Future Markets

Ares Management Corporation Competitors

Ameriprise Financial

State Street

Northern Trust

KKR

Price History & Performance

Recent News & Updates

Ares Management: The Fears Are Understood, The Discount Has Overshot

ARES: Future Returns Will Reflect Esoteric Credit Scale And XE IPO Upside

Now 23% overvalued after recent price rise

Ares Management Eyes Mexico’s $500 Billion Pension Market and Launches $1 Billion Funding Program

Upcoming dividend of US$1.35 per share

Ares Management Takes 80% Hit on Eagle Football Holdings Loans After Administration Move

Recent updates

Ares Management: The Fears Are Understood, The Discount Has Overshot

ARES: Future Returns Will Reflect Esoteric Credit Scale And XE IPO Upside

Now 23% overvalued after recent price rise

Ares Management Eyes Mexico’s $500 Billion Pension Market and Launches $1 Billion Funding Program

Upcoming dividend of US$1.35 per share

Ares Management Takes 80% Hit on Eagle Football Holdings Loans After Administration Move

ARES: Future Returns Will Reflect Retail Credit Resilience And XE IPO Upside

ARES: Private Credit Sentiment Reset Will Support Future Earnings Resilience

New major risk - Financial position

First quarter 2026 earnings: EPS and revenues miss analyst expectations

First quarter dividend of US$1.35 announced

Ares Management Corporation announces Quarterly dividend, payable on June 30, 2026

Ares Management Corporation (NYSE:ARES) acquired 32.40% stake in Rover Pipeline LLC from Energy Transfer LP (NYSE:ET) managed by Blackstone.

ARES: Private Credit Sentiment Shifts Will Shape Balanced Risk And Opportunity

Ares Management Corporation Appoints Peter Ogilvie as Chief Operating Officer and Head of Strategy

Ares Management Corporation, Annual General Meeting, Jun 08, 2026

Investor sentiment improves as stock rises 17%

ARES: Private Credit Outflows And Margin Pressure Will Drive A More Cautious Outlook

Price target decreased by 8.7% to US$148

Now 22% overvalued

Ares Management Corporation Announces Executive Changes

Ares Management Corporation to Report Q1, 2026 Results on May 01, 2026

ARES: Private Credit Sentiment Reset And CLO Expansion Will Shape Returns

ARES: Private Credit Weakness And LBO Expansion Will Drive Future Upside

Investor sentiment deteriorates as stock falls 18%

Apollo Sports Capital completed the acquisition of 55% stake in Club Atlético de Madrid S.A.D. from Quantum Pacific International Limited, Ares Management Corporation (NYSE:ARES), Miguel Ángel Gil and Enrique Cerezo.

Upcoming dividend of US$1.35 per share

ARES: Future Returns Will Reflect Private Credit Resilience And Real Assets Expansion

New minor risk - Profit margin trend

Ares Management Corporation Announces Pricing of Its Second European Direct Lending Collateralized Loan Obligation, Ares European Direct Lending CLO II At over €300 Million

ARES: Future Returns Will Reflect Expanding Real Assets And Index Inclusion

Price target decreased by 7.6% to US$180

Insider recently bought US$1.3m worth of stock

Fourth quarter dividend increased to US$1.35

Full year 2025 earnings: EPS and revenues miss analyst expectations

Investor sentiment deteriorates as stock falls 20%

Ares Management Corporation Declares Quarterly Dividend on Class A and Non-Voting Common Stock, Payable on March 31, 2026

Ares Management Corporation (NYSE:ARES) completed the acquisition of acquire remaining majority stake in Bluecove Limited.

ARES: Private Credit Expansion And Index Additions Will Support Future Upside

Ares Real Estate Fund and Ares Management Corporation (NYSE:ARES) reached an agreement to acquire Portfolio of retail parks in Spain from Castellana Properties Socimi, S.A. (BME:YCPS) for approximately €280 million.

ARES: Fair Value View Balances Private Credit Momentum And Legal Uncertainty

A&O Hostels Marketing GmbH acquired Two hotel assets located on Portland and Dickinson Streets in central Manchester from Ares Real Estate Fund, managed by Ares Management Corporation (NYSE:ARES), and EQ Group Limited.

ARES: Private Credit Strength And Q3 Reassurance Will Support Earnings Resilience

Ares Management Corporation to Report Q4, 2025 Results on Feb 05, 2026

Insufficient new directors

ARES Strong Private Credit Margins Will Support Earnings Resilience Despite Legal Scrutiny

Ares Management Corporation(NYSE:ARES) dropped from Russell Small Cap Comp Growth Index

Upcoming dividend of US$1.12 per share

Ares Management Corporation (NYSE:ARES) agreed to acquire an unknown majority stake in Redback Boot Company Pty. Limited in an estimated transaction valued at AUD 100 million.

ARES: Future Performance Will Reflect Private Credit Strength Despite Competitive Risks

Ares Management Corporation (NYSE:ARES) acquired Industrial Property in Morrisville from EQT Real Estate, LLC for $28.4 million.

ARES: Future Outperformance Will Be Driven By Private Credit Momentum

Apollo Sports Capital agreed to acquire 55% stake in Club Atlético de Madrid S.A.D. from Quantum Pacific International Limited, Ares Management Corporation (NYSE:ARES), Miguel Ángel Gil and Enrique Cerezo.

Plains All American Pipeline, L.P. (NasdaqGS:PAA) and Plains GP Holdings, L.P. (NasdaqGS:PAGP) acquired an remaining 45% stake in Epic Crude Holdings, LP from unknown Ares Private Equity funds managed by Ares Management Corporation (NYSE:ARES) for $1.5 billion.

Third quarter dividend of US$1.12 announced