Overview

* Ares Management ( ARES ) Q3 net income was $288.9 mln, reflecting strong financial performance

* Company's after-tax realized income reached $425.8 mln, indicating robust earnings growth

* Ares Management ( ARES ) declared a quarterly dividend of $1.12 per share

Outlook

* Ares expects to exceed its previous annual fundraising record of $93 bln

* Company sees positive market conditions supporting future earnings growth

Result Drivers

* AUM GROWTH - Ares reported a 28% year-over-year increase in assets under management, fee-paying assets under management, and management fees

* INVESTMENT PIPELINE - Ares cites a healthy investment pipeline and $150 bln in available capital as positioning it for future earnings growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net $288.90

Income mln

Q3 $1.12

Dividend

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the investment management & fund operators peer group is "buy"

* Wall Street's median 12-month price target for Ares Management Corp ( ARES ) is $182.50, about 18.5% above its October 31 closing price of $148.71

* The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 32 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)