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After finishing at $135.28 in the prior trading day, Ares Management Corp (NYSE: ARES) closed at $138.96, up 2.72%. In other words, the price has increased by $2.72 from its previous closing price. On the day, 0.81 million shares were traded. ARES stock price reached its highest trading level at $139.615 during the session, while it also had its lowest trading level at $135.865.
Ratios:
Our goal is to gain a better understanding of ARES by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 18.14 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.44. 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 Jul 22 ’24 when deVeer R. Kipp sold 41,676 shares for $150.21 per share. The transaction valued at 6,260,152 led to the insider holds 1,075,000 shares of the business.
Rosenthal Bennett sold 150,000 shares of ARES for $19,790,618 on Jun 21 ’24. The Co-Founder & Chairman of PEG now owns 0 shares after completing the transaction at $131.94 per share. On Jun 21 ’24, another insider, KAPLAN DAVID B, who serves as the Co-Founder of the company, sold 125,000 shares for $131.94 each. As a result, the insider received 16,492,637 and left with 0 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 43493507072 and an Enterprise Value of 44475826176. As of this moment, Ares’s Price-to-Earnings (P/E) ratio for their current fiscal year is 70.24, and their Forward P/E ratio for the next fiscal year is 23.84. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.70. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.70 while its Price-to-Book (P/B) ratio in mrq is 13.83. Its current Enterprise Value per Revenue stands at 13.807 whereas that against EBITDA is 40.49.
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 -0.58%, while the 200-Day Moving Average is calculated to be 8.61%.
Shares Statistics:
The stock has traded on average 1.34M shares per day over the past 3-months and 1404980 shares per day over the last 10 days, according to various share statistics. A total of 187.07M shares are outstanding, with a floating share count of 170.74M. Insiders hold about 14.28% of the company’s shares, while institutions hold 86.48% stake in the company. Shares short for ARES as of 1721001600 were 3169239 with a Short Ratio of 2.37, compared to 1718323200 on 3420041. Therefore, it implies a Short% of Shares Outstanding of 3169239 and a Short% of Float of 1.7500000000000002.
Dividends & Splits
In the trailing 12 months, ARES’s forward annual dividend rate was 2.47, compared to 3.40 this year. Against a Trailing Annual Dividend Yield of 0.018258428The stock’s 5-year Average Dividend Yield is 3.07.
