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Ares Management Corp (NYSE: ARES) closed the day trading at $144.50 down -0.15% from the previous closing price of $144.71. In other words, the price has decreased by -$0.15 from its previous closing price. On the day, 0.8 million shares were traded. ARES stock price reached its highest trading level at $145.15 during the session, while it also had its lowest trading level at $143.0101.
Ratios:
For a better understanding of ARES, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 18.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.97. In the meantime, Its Debt-to-Equity ratio is 7.24 whereas as Long-Term Debt/Eq ratio is at 7.23.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Deutsche Bank on June 13, 2024, Downgraded its rating to Hold and sets its target price to $132 from $176 previously.
On May 28, 2024, Deutsche Bank started tracking the stock assigning a Buy rating and target price of $176.
On May 07, 2024, TD Cowen started tracking the stock assigning a Buy rating and target price of $154.TD Cowen initiated its Buy rating on May 07, 2024, with a $154 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 15 ’24 when Rosenthal Bennett sold 27,172 shares for $145.67 per share. The transaction valued at 3,958,029 led to the insider holds 222,828 shares of the business.
Rosenthal Bennett sold 21,166 shares of ARES for $3,067,783 on Aug 16 ’24. The Co-Founder & Chairman of PEG now owns 201,662 shares after completing the transaction at $144.94 per share. On Aug 19 ’24, another insider, Rosenthal Bennett, who serves as the Co-Founder & Chairman of PEG of the company, sold 10,154 shares for $144.46 each. As a result, the insider received 1,466,886 and left with 191,508 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ARES now has a Market Capitalization of 45227487232 and an Enterprise Value of 45581991936. As of this moment, Ares’s Price-to-Earnings (P/E) ratio for their current fiscal year is 73.04, and their Forward P/E ratio for the next fiscal year is 24.81. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.94. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.03 while its Price-to-Book (P/B) ratio in mrq is 14.38. Its current Enterprise Value per Revenue stands at 14.15 whereas that against EBITDA is 41.497.
Stock Price History:
Over the past 52 weeks, ARES has reached a high of $155.53, while it has fallen to a 52-week low of $96.00. The 50-Day Moving Average of the stock is 2.84%, while the 200-Day Moving Average is calculated to be 11.32%.
Shares Statistics:
Over the past 3-months, ARES traded about 1.28M shares per day on average, while over the past 10 days, ARES traded about 808950 shares per day. A total of 187.07M shares are outstanding, with a floating share count of 184.53M. Insiders hold about 7.58% of the company’s shares, while institutions hold 90.05% stake in the company. Shares short for ARES as of 1722384000 were 3852047 with a Short Ratio of 3.02, compared to 1719532800 on 3415972. Therefore, it implies a Short% of Shares Outstanding of 3852047 and a Short% of Float of 2.1300000999999997.
Dividends & Splits
ARES’s forward annual dividend rate is 3.40, up from 2.47 a year ago. Against a Trailing Annual Dividend Yield of 0.017068619The stock’s 5-year Average Dividend Yield is 3.07.
