What Ares Management Corporation (ARES) Insiders Are Up To

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Ares Management Corporation (NYSE:ARES) finished Friday with a subtraction of -$0.23 to close at $68.44, a downside of -0.33 percent. An average of 721,920 shares of common stock have been traded in the last five days. There was a gain of $1.17 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 1,227,740 shares traded, while the 50-day average volume stands at 1,448,778.

ARES stock has decreased by -12.69% in the last month. The company shares reached their 1-month lowest point of $66.04 on 12/22/22. With the stock rallying to its 52-week high on 11/11/22, shares of the company touched a low of $53.15 and a high of $86.06 in 52 weeks. It has reached a new high 5 times so far this year and lost -15.79% or -$12.83 in price. In spite of this, the price is down -20.47% from the 52-week high.

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Insider Transactions

ARES stock investors should be aware that Ares Management Corporation (ARES) stock had its last reported insider trading activity 19 days ago on Dec 12. In this transaction, the insider spent $7,014,000. Co-Founder & Co-Chair of PEG, Rosenthal Bennett, disposed of 200,000 shares at a price of $80.24 on Nov 14. The insider now owns more than $16,048,275 worth of shares. Prior to that, Co-Founder, CEO and President Arougheti Michael J went on to Sale 9,400 shares at $85.04 each on Nov 11. An amount of $799,376 was transacted.

Valuation Metrics

Ares Management Corporation (ARES) has a trailing price-to-earnings (P/E) ratio of 80.90. The stock’s beta is 1.32. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.77, the price-to-book (PB) ratio at 7.95.

The company has a payout ratio of 237.70%. The company’s most recent quarterly dividend payment was $0.61 a share, without any change from last year. Its latest increase dividend $0.14 reported on Friday February 11 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 8.26 and a total debt to equity ratio of 8.26 for the quarter ending September 29. Its gross profit as reported stood at $802.01 million compared to revenue of $4.21 billion.

Earnings Surprise

For the three-month period that ended September 29, Ares Management Corporation had $2.02 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$35.55 million in the quarter, while revenues of $39.73 million were grew 338.34%. The analyst consensus anticipated Ares Management Corporation’s latest quarter earnings to come in at $0.74 per share, but it turned out to be $0.75, a 1.40% surprise. For the quarter, EBITDA amounted to -$96.81 million. At the end of the quarter ending September 29, Ares Management Corporation’s stock balance sheet showed total debt was $12.62 billion. Shareholders own equity worth $294.19 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Ares Management Corporation (ARES) price momentum. RSI 9-day as of the close on 30 December was 44.81%, suggesting the stock is Neutral, with historical volatility in this time frame at 46.73%.

As of today, ARES’s price is $67.61 +1.74% or $1.17 from its 5-day moving average. ARES is currently trading -12.26% lower than its 20-day SMA and -5.08% lower than its 100-day SMA. However, the stock’s current price level is +3.93% above the SMA50 and -9.30% below the SMA200.

The stochastic %K and %D were 18.79% and 14.07%, respectively, and the average true range (ATR) was 2.06. With the 14-day stochastic at 25.48% and the average true range at 2.21, the RSI (14) stands at 43.15%. The stock has reached 0.24 on the 9-day MACD Oscillator while the 14-day reading was at -0.92.

Analyst Ratings

BMO Capital Markets downgraded Ares Management Corporation (NYSE: ARES) to a a Market perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Ares Management Corporation (ARES) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ARES, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 9 others rate it as a “buy”.

What is ARES’s price target for the next 12 months?

Analysts predict a range of price targets between $78.00 and $103.00, with a median target of $86.50. Taking a look at these predictions, the average price target given by analysts for Ares Management Corporation (ARES) stock is $87.92.


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