Ares Management is a American stock, trading under the symbol ARES-N on the New York Stock Exchange (ARES). It is usually referred to as NYSE:ARES or ARES-N
In the last year, there was no coverage of Ares Management published on Stockchase.
Ares Management was recommended as a Top Pick by on . Read the latest stock experts ratings for Ares Management.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
In the last year, there was no coverage of Ares Management published on Stockchase.
On 2023-12-08, Ares Management (ARES-N) stock closed at a price of $110.64.
They mainly do private credit on a floating rate basis, so they benefit when interest rates rise (which he expects), and they do some private equity. Nearing $400 billing in assets. Most revenues come from investment management fees instead of performance fees. As banks shed too-risky assets, they overcorrect, so ARES is in a good position to pick up that credit lending. Also, they benefit after the US regional bank meltdown to fill that void in lending.
(Analysts’ price target is $110.62)