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Ares Management, L.P.
Type
Public
Traded as NYSE: ARES
Industry Asset Management
Founded 1997; 20 years ago (1997)
Founder Antony Ressler, John Kissick, Michael Arougheti, David Kaplan, and Bennett Rosenthal
Headquarters 2000 Avenue of the Stars
Los Angeles, United States
Products Credit (Liquid and illiquid strategies- corporate loans, high yield bonds, institutional credit, credit opportunities, special situations, asset-backed, direct lending in the U.S. and Europe), Private Equity (North American and European flexible capital, U.S. power and infrastructure assets, China growth capital), and Real Estate (debt and equity- U.S. and European value-add and opportunistic)
Revenue Increase US$ 1.199 billion (2016)
Operating income
Increase US$ 182.8 million (2016)
Net income
Increase US$ 111.8 million (2016)
Total assets Increase US$ 5.830 billion (2016)
Total equity Decrease US$ -8.9 million (2016)
Number of employees
925 (2016)
Website www.aresmgmt.com
www.arescapitalcorp.com
www.arescre.com
www.arespublicfunds.com

Ares Management, L.P. is an American publicly traded, global alternative asset manager focused on alternative strategies, including credit, private equity, and real estate activities.

The firm was established in 1997. The firm's co-founders include Antony Ressler, Michael Arougheti, David Kaplan, John H. Kissick, and Bennett Rosenthal.

Ares Capital Management LLC, a subsidiary of Ares Management, L.P. and an SEC-registered investment adviser, is the investment adviser to Ares Capital Corporation, a publicly traded closed-end, non-diversified specialty finance company that is regulated as a business development company, or a BDC, under the Investment Company Act of 1940. Established in 2004, Ares Capital Corporation provides financing for middle market acquisitions, recapitalizations, and leveraged buyouts, mainly in the United States.

Ares Management Limited, a subsidiary of Ares Management, L.P., was established in 2006 as an expansion of the Ares business platform into Europe. As such, it is focused on Ares European capital markets operations. Ares Management Limited is authorized under the Financial Conduct Authority (FCA) in the United Kingdom to provide certain investment advisory services. In May 2007, a minority interest in the firm was acquired by an international institutional investor, Abu Dhabi Investment Authority. The investor is experienced in alternative asset classes and did not acquire any voting or governance rights via its investment.

In May 2014, Ares Management completed its initial public offering and is currently listed on the New York Stock Exchange.

In April 2016, Ares Management closed its fifth global private equity fund, raising $7.85bn (€6.95bn).

Ares’ investment activities are conducted through three business platforms:

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2020 2021-02-10 Future report Set alerts
Q3 2020 2020-10-28 Future report Set alerts
Q2 2020 2020-08-04 0.39 0.65
Q1 2020 2020-05-05 0.41 -1.42
Q4 2019 2020-02-12 0.46 0.48
Q3 2019 2019-10-30 0.48 0.41
Q2 2019 2019-07-30 0.49 0.47
Q1 2019 2019-04-30 0.48 0.50
Q4 2018 2019-02-12 0.45 0.36
Q3 2018 2018-10-31 0.45 0.49

Ratings

2016-06-28 Initiated Coverage National Securities Neutral $16.00
2016-05-24 Reiterated Rating Jefferies Group Buy
2016-05-05 Reiterated Rating Jefferies Group Buy $17.50
2016-02-25 Lower Price Target Barclays Overweight $18.00 to $16.00
2016-02-25 Lower Price Target Barclays PLC Overweight $18.00 to $16.00
2016-02-24 Reiterated Rating Cantor Fitzgerald Hold $16.00
2015-11-02 Initiated Coverage BMO Capital Markets Market Perform
2015-10-19 Reiterated Rating Keefe, Bruyette & Woods Outperform
2015-10-01 Reiterated Rating Cantor Fitzgerald Hold
2015-10-01 Upgrade Macquarie Neutral to Outperform $17.00
2015-09-30 Initiated Coverage DA Davidson Buy $17.00
2015-09-04 Reiterated Rating Cantor Fitzgerald Hold $17.50 to $17.00
2015-08-28 Upgrade Raymond James Market Perform to Outperform $17.00
2015-08-28 Upgrade Raymond James Financial Inc. Market Perform to Outperform $17.00
2015-08-24 Lower Price Target Citigroup Inc. Buy $19.00 to $18.00
2015-08-23 Reiterated Rating Keefe, Bruyette & Woods Outperform $17.75
2015-08-05 Reiterated Rating Cantor Fitzgerald Hold $17.50
2015-07-01 Initiated Coverage BMO Capital Markets Hold $17.50
2015-06-30 Initiated Coverage Jefferies Group Buy $17.50
2015-06-30 Initiated Coverage Cantor Fitzgerald Hold $17.50
2015-06-18 Upgrade Keefe, Bruyette & Woods Market Perform to Outperform $17.75
2015-06-06 Reiterated Rating Morgan Stanley Equal Weight
2015-05-09 Reiterated Rating Guggenheim Buy $18.50 to $18.00
2015-05-04 Reiterated Rating BB&T Corp. Buy to Hold
2015-02-27 Lower Price Target Keefe, Bruyette & Woods Market Perform $17.75 to $17.25
2015-02-27 Reiterated Rating Citigroup Inc. Buy $18.00 to $19.00
2015-02-11 Initiated Coverage BMO Capital Markets Market Perform
2014-12-18 Upgrade Barclays Equal Weight to Overweight $18.00
2014-11-25 Initiated Coverage Macquarie Neutral
2014-08-07 Lower Price Target RBC Capital Sector Perform $19.00 to $18.00
2014-08-07 Reiterated Rating JMP Securities Outperform $18.50 to $18.00
2014-08-07 Lower Price Target Royal Bank Of Canada Sector Perform $19.00 to $18.00
2014-08-06 Lower Price Target Keefe, Bruyette & Woods $18.00 to $17.25
2014-08-04 Initiated Coverage JPMorgan Chase & Co. Overweight
2014-05-27 Initiated Coverage Goldman Sachs
2014-02-27 Boost Price Target Barclays $17.00 to $18.00
2013-11-05 Lower Price Target BMO Capital Markets Market Perform $19.00 to $18.00
2012-05-14 Upgrade Barclays Underweight to Equal Weight $16 to $16
2011-08-08 Upgrade Ladenburg Thalmann Neutral to Buy
2011-03-08 Reiterated UBS Buy $18 to $19
2010-12-02 Initiated UBS Buy $18
2010-11-05 Reiterated RBC Capital Mkts Sector Perform $14 to $17
2010-11-05 Downgrade Ladenburg Thalmann Buy to Neutral $17
2010-05-20 Initiated JMP Securities Mkt Outperform $18
2010-04-06 Reiterated Stifel Nicolaus Buy $16 to $17
2009-10-26 Reiterated Stifel Nicolaus Buy $10.50 to $12
2009-09-29 Initiated Sun Trust Rbsn Humphrey Buy $12.50
2009-03-03 Reiterated Stifel Nicolaus Buy $12 to $9
2009-03-03 Reiterated RBC Capital Mkts Sector Perform $9 to $5
2008-08-08 Reiterated RBC Dain Rauscher Sector Perform $13 to $12
2008-07-22 Initiated JP Morgan Underweight
2008-05-09 Reiterated RBC Capital Mkts Sector Perform $12 to $13
2016-06-28 Initiated Coverage National Securities Neutral $16.00
2016-05-24 Reiterated Rating Jefferies Group Buy
2016-05-05 Reiterated Rating Jefferies Group Buy $17.50
2016-02-25 Lower Price Target Barclays Overweight $18.00 to $16.00
2016-02-25 Lower Price Target Barclays PLC Overweight $18.00 to $16.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks

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