Ares Management Lp Stock News

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The firm will invest in renewable energy, energy efficiency, and energy storage sectors.

Private equity (PE) stocks have done well in 2021 as demand for alternative investments rise. Buyout funds have raised billions of dollars this year and the amount of dry powder by the top 25 PE firms

California Resources Co. (NYSE:CRC) major shareholder Ares Management Llc sold 8,374 shares of the businesss stock in a transaction that occurred on Thursday, December 9th. The stock was sold at an average price of $45.00, for a total value of $376,830.00. The sale was disclosed in a document filed with the SEC, which is available []

Ares Management Corp has raised $8 billion for a direct lending fund, reported the Wall Street Journal.

Ares Management, not sated by its June acquisition of Landmark Partners, is in talks over another secondaries purchase. Plus: Private equity firms are looking beyond the GP-led market to hold on to their best assets and a Level 20 co-founder has departed CPP Investments.

Ares Management closed its latest direct lending fund at $8 billion, which was oversubscribed and exceeded its initial fundraising target.

DON: A Mid-Cap Dividend ETF Heavy In Financials

Morgan Stanley restated their hold rating on shares of Ares Management (NYSE:ARES) in a report issued on Friday morning, Analyst Price Targets reports. Morgan Stanley currently has a $92.00 target price on the asset managers stock. A number of other research firms have also recently commented on ARES. BMO Capital Markets raised their price target []

Ares Management (NYSE:ARES)s stock had its hold rating reiterated by Morgan Stanley in a research report issued to clients and investors on Friday, Analyst Price Targets reports. They presently have a $92.00 price target on the asset managers stock. Morgan Stanleys price target points to a potential upside of 15.16% from the stocks previous close. []

Happy Friday! SPAC attack: Apollo’s SPAC agreed to merge with American Express Global Business Travel in a $5.3 billion deal. The merger includes $335 million private investment in public equity (PIPE) financing from new investors including Zoom, Sabre and Ares Management. Read it here on PE Hub. Apollo Strategic Growth Capital has about $815 million, […]

DNB Asset Management AS boosted its holdings in shares of Ares Management Co. (NYSE:ARES) by 15.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 169,977 shares of the asset managers stock after purchasing an additional 22,656 shares during the quarter. DNB Asset Management ASs holdings in Ares Management were worth $12,549,000 as of []

StepStone Group (NASDAQ:STEP) and Ares Management (NYSE:ARES) are both finance companies, but which is the better investment? We will contrast the two businesses based on the strength of their valuation, analyst recommendations, profitability, earnings, dividends, risk and institutional ownership. Dividends StepStone Group pays an annual dividend of $0.28 per share and has a dividend yield []