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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:

News

Ares Management Corporation -0.74% (financial)

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2020 2021-02-11 Future report Set alerts
Q3 2020 2020-10-29 Future report Set alerts
Q2 2020 2020-08-05 0.39 0.35
Q1 2020 2020-05-06 0.45 -0.33
Q4 2019 2020-02-13 0.67 0.25
Q3 2019 2019-10-31 0.34 0.23
Q2 2019 2019-07-31 0.32 0.23
Q1 2019 2019-05-02 0.35 0.36
Q4 2018 2019-02-14 0.41 0.05
Q3 2018 2018-11-01 0.34 0.09

Ratings

2016-05-14 Reiterated Rating Keefe, Bruyette & Woods Buy
2016-05-13 Lower Price Target Keefe, Bruyette & Woods Outperform $19.00 to $17.50
2016-05-12 Reiterated Rating Morgan Stanley Hold
2016-03-14 Boost Price Target Credit Suisse Neutral $15.00 to $16.00
2016-03-14 Boost Price Target Credit Suisse Group AG Neutral $15.00 to $16.00
2016-01-13 Lower Price Target Keefe, Bruyette & Woods Buy $21.00 to $17.00
2015-12-08 Upgrade Bank of America Neutral to Buy $19.00 to $18.00
2015-12-08 Upgrade Bank of America Corp. Neutral to Buy $19.00 to $18.00
2015-11-12 Lower Price Target Keefe, Bruyette & Woods Outperform $23.00 to $21.00
2015-11-11 Lower Price Target Morgan Stanley $21.00 to $20.00
2015-11-11 Lower Price Target RBC Capital Outperform $22.00 to $20.00
2015-11-11 Lower Price Target Royal Bank Of Canada Outperform $22.00 to $20.00
2015-08-18 Lower Price Target Morgan Stanley $23.00 to $22.00
2015-08-12 Boost Price Target Keefe, Bruyette & Woods Outperform $23.00
2015-08-11 Initiated Coverage Goldman Sachs Neutral $20.00
2015-08-11 Initiated Coverage Goldman Sachs Group Inc. Neutral $20.00
2015-06-03 Initiated Coverage Credit Suisse Neutral $23.00
2015-05-14 Reiterated Rating RBC Capital Outperform $23.00 to $22.00
2015-03-09 Boost Price Target Keefe, Bruyette & Woods Outperform $20.00 to $22.00
2015-03-06 Boost Price Target SunTrust Buy $22.00 to $23.00
2015-03-06 Downgrade Bank of America Buy to Neutral $20.00 to $21.00
2015-03-06 Boost Price Target RBC Capital Outperform $21.00 to $23.00
2015-03-06 Boost Price Target SunTrust Banks Inc. Buy $22.00 to $23.00
2015-01-27 Boost Price Target Morgan Stanley Hold $19.00 to $20.00
2014-12-15 Initiated Coverage Morgan Stanley Equal Weight
2014-10-07 Reiterated Rating JPMorgan Chase & Co. Overweight $21.00 to $23.00
2014-08-14 Lower Price Target RBC Capital $22.00 to $21.00
2014-07-15 Lower Price Target JPMorgan Chase & Co. Overweight $23.00 to $21.00
2014-06-12 Lower Price Target RBC Capital Outperform $23.00 to $22.00
2014-05-27 Initiated Coverage JPMorgan Chase & Co. Overweight $23.00
2014-05-27 Initiated Coverage SunTrust Buy $22.00
2014-05-27 Initiated Coverage Wells Fargo & Co. Outperform
2014-05-27 Initiated Coverage Goldman Sachs Neutral $20.00
2014-05-27 Initiated Coverage Keefe, Bruyette & Woods Outperform $21.00
2014-05-27 Initiated Coverage RBC Capital Outperform $23.00
2014-05-27 Initiated Coverage Wells Fargo Outperform
2016-05-14 Reiterated Rating Keefe, Bruyette & Woods Buy
2016-05-13 Lower Price Target Keefe, Bruyette & Woods Outperform $19.00 to $17.50
2016-05-12 Reiterated Rating Morgan Stanley Hold
2016-03-14 Boost Price Target Credit Suisse Neutral $15.00 to $16.00
2016-03-14 Boost Price Target Credit Suisse Group AG Neutral $15.00 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
RESSLER ANTONY P Co-Founder, Chairman & CEO 19.86%  (16020778) AL / ARCC / ARES /
McFerran Michael R EVP, CFO & Treasurer 0.44%  (355345) ARES / KFN /
Berry Ryan Ptr, Chief Mktg. & Strat. Off. 0.37%  (299497) ARES /
Arougheti Michael J Co-Founder & President 0.15%  (125000) ACRE / ARCC / ARES /
Kissick John H. Co-Founder & Senior Partner 0.15%  (125000) ARES /
Rosenthal Bennett Co-Founder & Senior Partner 0.15%  (125000) ARCC / ARES / NTK /
KAPLAN DAVID B Co-Founder & Senior Partner 0.15%  (125000) ARES /
WEINER MICHAEL D EVP, CLO & Secretary 0.11%  (90185) ACRE / ARCC / ARES /
Nguyen Daniel F EVP, CFO & Treasurer 0.04%  (28947) ARES /
Joubert Paul G. 0.03%  (27708) ACRE / ARES /
Olian Judy D. 0.02%  (19508) ARES / UTHR /
Lynton Michael 0.02%  (17708) ARES / P / SNAP /

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