Ares Management (ARES)

Company Profile

Ares Management Corporation is a leading global alternative investment manager operating three integrated businesses across Credit, Private Equity and Real Estate. Ares Management's investment groups collaborate to deliver innovative investment solutions and consistent and attractive investment returns for fund investors throughout market cycles. Ares Management's global platform had $149 billion of assets under management as of March 31, 2020 with more than 1,200 employees in over 20 offices in more than 10 countries.

Company profile

Ticker

ARES

Exchange

NYSE

Website

www.arescre.com/

CEO

Michael Arougheti

Incorporated

Delaware

Location

California

Fiscal year end

Dec 31

Sector

Finance and Insurance > Investment Advice

Industry (SIC)

Investment Advice

Ameriprise Financial • Oaktree Capital • Carlyle Group Inc • Apollo Global Management Inc - • Blackstone • Invesco • Franklin Resources • Legg Mason • Affiliated Managers • Sculptor Capital Management ...

Former names

ARES MANAGEMENT LP

SEC CIK

0001176948

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

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 ?

$253.19 bn (as of 23 May 23)

Accounts

450 (as of 23 May 23)

Employees

2,378 (934 investment advisory or research)

Address

Ares Management
2000 AVE OF THE STARS
12TH FLOOR
LOS ANGELES
CA 90067

Phone

3102014100

Brochures

Ares Management Part 2A (31 Mar 23)

ARES stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$99.00

Low target

$89.00

High target

$108.00

Keefe, Bruyette & Woods

Latest filings (excl ownership)

View all

5 May 23

Annual report to shareholders

28 Apr 23

DEFA14A

Additional proxy soliciting materials

28 Apr 23

Ares Management Corporation Reports First Quarter 2023 Results

27 Apr 23

S-3ASR

Automatic shelf registration

Automatic shelf registration

27 Feb 23

IRAN

Disclosure regarding Iran Threat Reduction and Syria Human Rights Act

24 Feb 23

Transcripts

View all

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

ARES

Earnings call transcript

2021 Q4

11 Feb 22

ARES

Earnings call transcript

2021 Q3

27 Oct 21

ARES

Earnings call transcript

2021 Q2

30 Jul 21

ARES

Earnings call transcript

2021 Q1

29 Apr 21

ARES

Earnings call transcript

2020 Q4

11 Feb 21

Latest ownership filings

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Notice of proposed sale of securities

24 May 23

144

Notice of proposed sale of securities

Notice of proposed sale of securities

23 May 23

144

Notice of proposed sale of securities

23 May 23

144

Notice of proposed sale of securities

19 May 23

AZEK Co Inc.

18 May 23

Financial summary

Financial statements Chart ARES financial data

Quarter (USD)	Mar 23	Dec 22	Sep 22	Jun 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Mar 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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)	272.25 mm	272.25 mm	272.25 mm	272.25 mm	272.25 mm	272.25 mm
Cash burn (monthly)	39.25 mm	6.15 mm	(no burn)	(no burn)	(no burn)	20.89 mm
Cash used (since last report)	75.82 mm	11.88 mm	n/a	n/a	n/a	40.36 mm
Cash remaining	196.43 mm	260.37 mm	n/a	n/a	n/a	231.89 mm
Runway (months of cash)	5.0	42.3	n/a	n/a	n/a	11.1

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q1 2023

ARES institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	423	402	+5.2%
Opened positions	76	101	-24.8%
Closed positions	55	60	-8.3%
Increased positions	152	138	+10.1%
Reduced positions	133	110	+20.9%

13F shares	Current	Prev Q	Change
Total value	12.97 tn	9.83 tn	+32.0%
Total shares	276.58 mm	276.31 mm	+0.1%
Total puts	3.94 mm	3.87 mm	+2.0%
Total calls	150.60 k	105.70 k	+42.5%
Total put/call ratio	26.2	36.6	-28.4%

Largest owners	Shares	Value	Change
Ares Partners Holdco	131.03 mm	$0.00	0.0%
Wellington Management	17.63 mm	$1.47 tn	-9.3%
Vanguard	14.98 mm	$1.25 tn	+1.3%
SMFG Sumitomo Mitsui Financial	13.36 mm	$1.12 tn	0.0%
BLK Blackrock	10.62 mm	$886.00 bn	+7.1%
Capital World Investors	10.06 mm	$839.44 bn	-0.0%
Capital International Investors	6.59 mm	$549.46 bn	0.0%
HMI Capital	3.82 mm	$318.65 bn	0.0%
Boston Partners	3.21 mm	$268.19 bn	NEW
BEN Franklin Resources	3.18 mm	$265.08 bn	-2.9%

Largest transactions	Shares	Bought/sold	Change
Boston Partners	3.21 mm	+3.21 mm	NEW
Wellington Management	17.63 mm	-1.80 mm	-9.3%
CIBC Private Wealth	1.87 mm	+1.58 mm	+538.4%
Norges Bank	0.00	-1.57 mm	EXIT
Millennium Management	0.00	-1.55 mm	EXIT
BK Bank Of New York Mellon	2.93 mm	+1.26 mm	+75.7%
T. Rowe Price	1.50 mm	+922.68 k	+159.1%
BLK Blackrock	10.62 mm	+701.74 k	+7.1%
AMP Ameriprise Financial	762.29 k	-552.03 k	-42.0%
William Blair Investment Management	1.26 mm	-534.32 k	-29.7%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

ARES insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
25 May 23	Michael J Arougheti	Class A Common Stock	Sell	Dispose S	No	Yes	84.37	53,182	4.49 mm	893,603
25 May 23	Michael J Arougheti	Class A Common Stock	Sell	Dispose S	No	Yes	83.44	57,081	4.76 mm	946,785
25 May 23	Michael J Arougheti	Class A Common Stock	Sell	Dispose S	Yes	Yes	84.37	17,640	1.49 mm	694,159
25 May 23	Michael J Arougheti	Class A Common Stock	Sell	Dispose S	Yes	Yes	83.43	18,933	1.58 mm	711,799
24 May 23	Michael J Arougheti	Class A Common Stock	Sell	Dispose S	No	Yes	83.9	1,500	125.85 k	1,003,866
24 May 23	Michael J Arougheti	Class A Common Stock	Sell	Dispose S	No	Yes	83.35	123,009	10.25 mm	1,005,366
24 May 23	Michael J Arougheti	Class A Common Stock	Sell	Dispose S	No	Yes	82.56	40,930	3.38 mm	1,128,375
24 May 23	Michael J Arougheti	Class A Common Stock	Sell	Dispose S	Yes	Yes	83.91	516	43.30 k	730,732
24 May 23	Michael J Arougheti	Class A Common Stock	Sell	Dispose S	Yes	Yes	83.35	41,035	3.42 mm	731,248
24 May 23	Michael J Arougheti	Class A Common Stock	Sell	Dispose S	Yes	Yes	82.57	13,713	1.13 mm	772,283