ares management, l.p. is a publicly traded, leading global alternative asset manager with approximately $106 billion of assets under management,* and more than 15 offices in the united states, europe, asia and australia.* since its inception in 1997, ares has adhered to a disciplined investment philosophy that focuses on delivering strong risk-adjusted investment returns throughout market cycles. ares believes each of its distinct but complementary investment groups in credit, private equity and real estate is a market leader based on assets under management and investment performance. ares was built upon the fundamental principle that each group benefits from being part of the greater whole. for more information, please visit www.aresmgmt.com. * as of december 31, 2017, aum amounts include funds managed by ivy hill asset management, l.p., a wholly owned portfolio company of ares capital corporation and a registered investment adviser.
Company profile
Ticker
ARES
Exchange
Website
CEO
Michael Arougheti
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
ARES MANAGEMENT LP
SEC CIK
Corporate docs
Subsidiaries
Ares Holdco LLC • Ares Holdings L.P. • Ares Finance Co. LLC • Ares Finance Co. II LLC • Ares Finance Co. III LLC • Ares Finance Co. IV LLC • Ares Management Worldwide Holdings LLC • Ares AMWH Holdings, Inc. • Ares Investments Holdings LLC • Ares Management Holdings L.P. ...
SEC advisor number
801-63800
FINRA CRD number
130074
AUM ?
$314.93 bn
(as of 28 May 24)
Accounts
535
(as of 28 May 24)
Employees
2,919
(1062 investment advisory or research)
Address
Ares Management Corp - Ordinary Shares
2000 AVE OF THE STARS
12TH FLOOR
LOS ANGELES
CA 90067
2000 AVE OF THE STARS
12TH FLOOR
LOS ANGELES
CA 90067
Phone
3102014100
Brochures
ARES stock data
Latest filings (excl ownership)
8-K
Regulation FD Disclosure
20 May 24
10-Q
2024 Q1
Quarterly report
8 May 24
8-K
Ares Management Corporation Reports First Quarter 2024 Results
1 May 24
ARS
2023 FY
Annual report to shareholders
19 Apr 24
DEFA14A
Additional proxy soliciting materials
19 Apr 24
DEF 14A
Definitive proxy
19 Apr 24
8-K
Entry into a Material Definitive Agreement
3 Apr 24
10-K
2023 FY
Annual report
27 Feb 24
8-K
Ares Management Corporation Reports Fourth Quarter and Full Year 2023 Results
8 Feb 24
8-K
Departure of Directors or Certain Officers
2 Feb 24
Transcripts
ARES
Earnings call transcript
2024 Q1
2 May 24
ARES
Earnings call transcript
2023 Q4
8 Feb 24
ARES
Earnings call transcript
2023 Q3
31 Oct 23
ARES
Earnings call transcript
2023 Q2
1 Aug 23
ARES
Earnings call transcript
2023 Q2
1 Aug 23
ARES
Earnings call transcript
2023 Q1
28 Apr 23
ARES
Earnings call transcript
2022 Q4
9 Feb 23
ARES
Earnings call transcript
2022 Q3
27 Oct 22
ARES
Earnings call transcript
2022 Q2
28 Jul 22
ARES
Earnings call transcript
2022 Q1
28 Apr 22
Latest ownership filings
144
Notice of proposed sale of securities
31 May 24
144
Notice of proposed sale of securities
31 May 24
4
ANTONY P RESSLER
29 May 24
4
Bennett Rosenthal
17 May 24
4
DAVID B KAPLAN
17 May 24
4
Michael J Arougheti
17 May 24
144
Notice of proposed sale of securities
15 May 24
4
ANTONY P RESSLER
19 Apr 24
4
Bennett Rosenthal
16 Apr 24
4
ANTONY P RESSLER
16 Apr 24
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Diluted EPS |
Annual (USD) | Dec 23 | Mar 23 | Dec 22 | Dec 21 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 346.33 mm | 346.33 mm | 346.33 mm | 346.33 mm | 346.33 mm | 346.33 mm |
Cash burn (monthly) | 647.67 k | (no burn) | (no burn) | (no burn) | (no burn) | 19.23 mm |
Cash used (since last report) | 1.36 mm | n/a | n/a | n/a | n/a | 40.47 mm |
Cash remaining | 344.97 mm | n/a | n/a | n/a | n/a | 305.86 mm |
Runway (months of cash) | 532.6 | n/a | n/a | n/a | n/a | 15.9 |
Institutional ownership, Q1 2024
13F holders | Current |
---|---|
Total holders | 569 |
Opened positions | 202 |
Closed positions | 54 |
Increased positions | 154 |
Reduced positions | 150 |
13F shares | Current |
---|---|
Total value | 20.24 tn |
Total shares | 289.84 mm |
Total puts | 1.82 mm |
Total calls | 479.55 k |
Total put/call ratio | 3.8 |
Largest owners | Shares | Value |
---|---|---|
Ares Partners Holdco | 130.29 mm | $0.00 |
Wellington Management | 17.54 mm | $2.33 tn |
Vanguard | 16.60 mm | $2.21 tn |
SMFG Sumitomo Mitsui Financial | 13.36 mm | $1.78 tn |
BLK Blackrock | 12.25 mm | $1.63 tn |
Capital World Investors | 11.08 mm | $1.47 tn |
FMR | 7.02 mm | $933.09 bn |
Capital International Investors | 5.57 mm | $740.66 bn |
T. Rowe Price | 3.96 mm | $526.85 mm |
BEN Franklin Resources | 3.74 mm | $497.88 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
28 May 24 | Ressler Antony P | Class A Common Stock | Gift | Dispose G | Yes | No | 0 | 749,000 | 0.00 | 5,235,625 |
16 May 24 | Michael J Arougheti | Class A Common Stock | Sell | Dispose S | Yes | Yes | 149.67 | 300 | 44.90 k | 0 |
16 May 24 | Michael J Arougheti | Class A Common Stock | Sell | Dispose S | Yes | Yes | 148.94 | 24,450 | 3.64 mm | 300 |
16 May 24 | Michael J Arougheti | Class A Common Stock | Sell | Dispose S | Yes | Yes | 148.04 | 15,702 | 2.32 mm | 24,750 |
16 May 24 | Michael J Arougheti | Class A Common Stock | Sell | Dispose S | Yes | Yes | 146.98 | 51,711 | 7.60 mm | 40,452 |
15 May 24 | Michael J Arougheti | Class A Common Stock | Sell | Dispose S | Yes | Yes | 149.93 | 406 | 60.87 k | 92,163 |
15 May 24 | Michael J Arougheti | Class A Common Stock | Sell | Dispose S | Yes | Yes | 149.58 | 60,949 | 9.12 mm | 92,569 |
15 May 24 | Michael J Arougheti | Class A Common Stock | Sell | Dispose S | Yes | Yes | 148.32 | 21,416 | 3.18 mm | 153,518 |
15 May 24 | Michael J Arougheti | Class A Common Stock | Sell | Dispose S | Yes | Yes | 147.34 | 49,637 | 7.31 mm | 174,934 |
15 May 24 | Michael J Arougheti | Class A Common Stock | Sell | Dispose S | Yes | Yes | 146.59 | 25,429 | 3.73 mm | 224,571 |
News
Deutsche Bank Initiates Coverage On Ares Management with Buy Rating, Announces Price Target of $176
28 May 24
TD Cowen Maintains Buy on Ares Management, Raises Price Target to $171
22 May 24
RBC Capital Reiterates Outperform on Ares Management, Maintains $150 Price Target
22 May 24
'Playing The Rumor, Not The News': Reddit Users Speculate On Potential S&P 500 Inclusions
17 May 24
Peering Into Ares Management's Recent Short Interest
15 May 24
Press releases
Ares Management Corporation to Present at the TD Financial Services & Fintech Summit
31 May 24
Ares Management Corporation to Present at Bernstein's 40th Annual Strategic Decisions Conference
22 May 24
Ares Management, CDPQ, and Schroders Capital announce EUR 750 million financing for expansion of Vantage Data Centers' EMEA platform
16 May 24
Ares Management, CDPQ, and Schroders Capital announce EUR 750 million financing for expansion of Vantage Data Centers' EMEA platform
16 May 24
Ares Capital Corporation to Host Investor Day on May 21, 2024
10 May 24