Ares Management Corporation (ARES) stock rallied over 2.53% intraday to trade at $60.03 a share on NYSE. The stock opened with a gain of 5.80% at $57.13 and touched an intraday high of $60.03, rising 2.53% against the last close of $58.55. The stock went to a low of $56.49 during the session.
Number of Shares
Cash Flow per Share
Free Float in %
Sales or Revenue4.27 Billion
5Y Sales Change27.40%
Fiscal Year Ends2021-12-30
IndustryAsset Management and Custody Banks
Ares Management Corporation operates as an alternative asset manager in the United States, Europe, and Asia. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets. Its Direct Lending Group segment provides financing solutions to small-to-medium sized companies. The company's Private Equity Group segment focuses on majority or shared-control investments primarily in under-capitalized companies. Its Real Estate Group segment invests in new developments and the repositioning of assets, with a focus on control or majority-control investments; and originates and invests in a range of self-originated financing opportunities for middle-market owners and operators of commercial real estate. The firm was previously known as Ares Management, L.P. Ares Management Corporation was founded in 1997 and is headquartered in Los Angeles, California with additional offices in the United States, Europe and Asia. Ares Management GP LLC is the general partner of the company.
Ares Management Corporation (NYSE: ARES) stock price is $60.03 as of the last check on Tuesday, July 5. During the trading session, ARES stock reached the peak price of $60.03 while $56.49 was the lowest point it dropped to.
The NYSE listed ARES is part of Asset Management and Custody Banks industry that operates in the broader Financials sector. Ares Management Corporation operates as an alternative asset manager in the United States, Europe, and Asia. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets.
Mr. Antony Peter Ressler
Co-Founder & Exec. Chairman
Mr. Michael J. Arougheti
Co-Founder, CEO, Pres & Director
Mr. Bennett Rosenthal
Co-Founder, Partner, Co-Chairman of Private Equity Group & Director
Mr. Edwin Wong
Managing Partner & CEO of Ares SSG
ARES stock traded closed the last session at $60.03, which is $1.48 or 2.53% lower than its previous close of $58.55. ARES's current trading price is 12.94% lower than its 52-week high of $90.08 where as its distance from 52-week low of 53.15% is -33.36%.
Number of ARES employees currently stands at -. ARES operates from 2000 Avenue of the Stars, 12th Floor, Los Angeles, CA 90067, United States.
Official Webiste of $ARES is: https://www.aresmgmt.com
ARES stock volume for the day was 813,020 shares while in the previous session number of ARES shares traded was 814,260 . The average number of ARES shares traded daily for last 3 months was 946.31 Thousands.
The percentage change in ARES stock occurred in the recent session was 2.53% while the dollar amount for the price change in ARES stock was $1.48.
In the recent session, the day high for ARES stock was $60.03 while the low for ARES stock touched on the day was $56.49.
The market value of ARES currently stands at 16.91 Billion with its latest stock price at $60.03 and 174.22 Million of its shares outstanding.