InsiderStreet Equity Research

Produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation for any investor. Do not rely on it for any investment decision.

Last Close

$112.27

2026-10-16

Market Cap

$36.9B

Volume

2.5M

52-Wk High

$181.19

52-Wk Low

$95.80

Trailing PE

49.0

P/S

5.77

Gross Margin

62.7%

Net Margin

10.0%

ROE

15%

ROIC

5%

Piotroski

6/9

Altman Z

1.4

1-Yr Return

-20.0%

5-Yr Return

+382.9%

Ares Management Corporation functions as an investment firm specializing in alternative assets, with operations spanning the United States, Europe, and Asia. Its Tradable Credit division oversees diverse investment vehicles, including pooled funds and separately managed accounts for institutional investors, alongside publicly traded products and sub-advised funds aimed at retail investors, all within the tradable and non-investment grade corporate credit markets. The Direct Lending segment delivers financial solutions to small and medium-sized businesses. Through its Private Equity arm, the company primarily targets investments where it holds a majority or shared controlling interest, focusing on companies that are currently under-capitalized. The Real Estate group is involved in financing new property developments and the strategic repositioning of existing assets, often taking control or majority-control stakes. This group also creates and invests in specialized financing opportunities for middle-market commercial real estate owners and operators. Established in 1997, the company, formerly known as Ares Management, L.P., is headquartered in Los Angeles, California, and maintains a global footprint with additional offices across the United States, Europe, and Asia. Ares Management GP LLC serves as its general partner.

SectorFinancial ServicesIndustryAsset ManagementExchangeNYSEMarket Cap$36.9BEmployees4,250 (SEC-filed)CEOMichael J. AroughetiIPO2014-05-02CountryUS

1800 Avenue of the Stars, Los Angeles, CA 90067 · Tel 310-201-4100 · aresmgmt.com

INSIDERSTREET SCORE45 / 100Street mean $149.00 (8 analysts, last qtr) — their number, not ours

INSIDER CONSENSUS SIGNALCOMP-PLAN ACTIVITY ONLYexercises and tax withholding only

1 Year vs S&P 500 · ARES -20.0% · S&P 500 +15.9% · spread -35.9pp

7 Years vs S&P 500 · ARES +382.9% · S&P 500 +189.9% · spread +193.1pp

Both charts indexed to 100 at the start of their window and drawn on a single shared scale, so the gap to the benchmark is the gap you see. Adjusted closes throughout.

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INSIDERSTREET
SCORE45of 100

Score Breakdown

Profitability	38/100
Growth	77/100
Momentum	100/100
Quality	50/100
Earnings Quality	98/100
Balance Sheet	23/100
Value	38/100
Risk (safety)	15/100
Overall	45.4/100

Each component is a diagnostic reading on its own 0-100 scale. The overall score is computed separately from the underlying financials and is not the average of the rows above — components are not equally weighted and three of them (Momentum, Value, Risk) are derived partly from price rather than from the business.

Peer Comparison — IS Score

Symbol	IS Score
AMP	48
NTRS	33
RJF	51
STT	17
PFG	57
TROW	78
ARES	45

IS Score Trend — quarterly

12 quarters, 23 Q2 to 26 Q2. Peak 60 in 25 Q3, latest 45 — -14 since. Fell in 2 of the last 4 quarters. Dashed line marks 40 on the 0-100 scale.

BUSINESS QUALITY45 / 100IS Score 45.4 / 100 · -14.4 from peak of 60

Fundamental factor model, quarterly. Measures how the business is doing - not where the price is going.

PRICE STRUCTUREBEARISHTechnical Score 15 / 100 · Power -70 · 2 of 22 indicator votes bullish

Vote share across trend, momentum, volume, volatility and pattern families. Describes where the price is, not where it is going.

Both readings sit below the midpoint — business quality at 45 and price structure at 15 out of 100 — so they are not in conflict. The fundamentals and the tape are saying the same thing, which is the case in which either one alone would have been enough.

Trigger	Where it stands now	What it would mean
IS Score reaches 55 and holds two consecutive quarters	now 45.4	would move us up one band
IS Score stops falling - one quarter higher than the prior	last four: 55 → 60 → 54 → 45	the direction matters more than the level
Technical vote share back above 50%	now 9%	price structure no longer broken
Institutional holder count rises two quarters running	peak 832 → now 808	fewer institutions willing to hold is our clearest warning

We publish these so the view can be shown to be wrong. If none of them move and our reading does, we owe you an explanation.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

This page is InsiderStreet's own reading, produced from the data in the rest of this document. It is not a price target and not investment advice. Analyst consensus and street price targets appear later under their own heading and are the street's numbers, not ours.

Site Convergence Score3 of 4top 4% of 29,420 symbols

Sources Aligned— of 3independent disclosures

Congress (180d)1 buys2026-07-07

Insider Buys (180d)0none disclosed

ETF Funds (30d)908 up / 668 downnet +240 funds

Institutions Added (13F)7managers opening or increasing

Congressional and insider figures are disclosed purchases in the trailing 180 days; ETF figures are COUNTS OF FUNDS whose holding changed in 30 days, not dollars. Coincidence of separate disclosures, not coordination. An absent source means nothing qualifying was disclosed in its window.

Institutions holding — 12 quarters

Peak 832 · latest 808 (-24 from peak).

Quarter	Holders	13F shares	Value	Reported own%
2026 Q2	808	226.3M	$24.4B	100.0%
2026 Q1	801	206.8M	$22.2B	91.4%
2025 Q4	832	207.3M	$32.3B	91.6%
2025 Q3	778	191.6M	$29.3B	84.7%
2025 Q2	770	191.8M	$32.1B	84.8%
2025 Q1	743	184.2M	$26.7B	81.4%
2024 Q4	733	180.1M	$31.5B	79.6%
2024 Q3	657	178.0M	$27.5B	78.7%
2024 Q2	614	174.5M	$23.0B	77.1%
2024 Q1	609	163.6M	$21.2B	72.3%
2023 Q4	553	159.2M	$18.4B	70.3%
2023 Q3	488	154.4M	$16.4B	68.2%

How to read ownership above 100%. A 13F reports the positions a manager has investment discretion over, and where two or more managers share discretion over the same block, each one reports it. Summed across filers, the total can therefore exceed the shares actually outstanding without anything being wrong. We publish the figure as filed rather than netting it down, and flag separately any quarter where the arithmetic is not merely high but impossible.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Insider	Role	Date	Type	Shares	Value	Post-Txn Owned
Jacobson Blair	Co-President	2026-08-20	GIFT	8,000	—	1,095,221
Bush Antoinette Cook	director	2026-07-30	A-Award	1,728	—	24,168
Bhutani Ashish	director	2026-07-30	A-Award	1,728	—	35,799
Naughton Eileen	director	2026-07-30	A-Award	1,728	—	8,586
Olian Judy D.	director	2026-07-30	A-Award	1,728	—	31,462
Lynton Michael	director	2026-07-30	A-Award	1,728	—	34,196
Joubert Paul G.	director	2026-07-30	A-Award	1,728	—	44,196
Arougheti Michael J	director, Co-Founder and CEO	2026-06-30	TAX W/H	82,957	$9.23M	1,364,548

6-mo decomposition (Form 4)	Txns	Shares	Value	Signal weight
F — Tax withholding	1	82,957	$9.2M	None — compensation
G — Gifts	2	16,000	—	None
P — Open-market purchases	0	0	$0	Counted — none occurred

Monthly Net Insider Flow (000 shares)

Net of acquisitions minus dispositions, all Form 4 types.

Signal Summary

SignalComp-Plan Activity Only

Open-Market Sells$0.0M0 txns / 6 mo

Open-Market Buys$0.0M0 txns / 6 mo

ClusterNone active3+ insiders / 21 days

Member	Chamber	Trade	Size band	Traded	Disclosed
Ro Khanna	House	BUY	$1,001 - $15,000	2026-07-07	2026-08-12
Ro Khanna	House	BUY	$1,001 - $15,000	2026-04-13	2026-05-13
Val Hoyle	House	SELL	$1,001 - $15,000	2025-09-23	2025-10-10
John Boozman	Senate	BUY	$1,001 - $15,000	2026-03-13	2026-04-14
John Boozman	Senate	BUY	$1,001 - $15,000	2026-03-13	2026-04-13

House 12-Mo4 trades2 purchases

Senate 12-Mo2 trades2 purchases

CoverageSTOCK Act filings30-45 day disclosure lag

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

13F Filers (last complete Q)801

13F Shares207M91.4% of shares out

New / Closed145 / 161positions, QoQ

Increased / Reduced295 / 273positions, QoQ

Put/Call (13F)1.52option positions

Free Float98.9%325M sh

2.8 · Largest Reporting 13F Managers

Manager	Shares	Value
Curated Wealth Partners Llc	1.5M	$169M
Hamlin Capital Management, Llc	1.0M	$119M
Generate Investment Management Ltd	259,567	$30M
Copeland Capital Management, Llc	97,592	$11M
Capital Investment Counsel, Llc	64,805	$8M
Czech National Bank	64,349	$7M

EDGAR 13F holdings as of 2026-09-30; filer values normalized to dollars.

2.9 · Top ETF & Fund Ownership

Fund	Weight	Position
VITSX	0.0%	$785M
VSMPX	0.0%	$785M
VTI	0.0%	$785M
VTSAX	0.0%	$785M
SCHD	0.6%	$710M
VFIAX	0.0%	$684M

13F Filers Holding ARES — quarterly

Institutional Put/Call — quarterly

Daily short-sale volume as % of volume reported in FINRA's short-sale file — a flow measure, not short interest; dashed = 50-day average.

Latest Session38.6%2026-10-15

20-Day Avg62.7%50-day 61.6%

TrendRising20d vs 50d

By Market CenterQ: 39% · N: 27% · B: 70%latest session

Weekly Notional ($B)

Where ARES Trades in the Dark

ATS Venue (4-wk)	Shares	Avg trade
Incr Intelligent Cross Llc	7.2M	63 sh
Sgmt Sigma X2	3.7M	56 sh
Ebxl Level Ats	2.9M	45 sh
Mlix Instinct X	2.0M	80 sh
Mspl Ms Pool (Ats-4)	2.0M	162 sh
Bids Bids Ats	2.0M	401 sh

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Where a dollar of Ares Management Corporation revenue goes. All values FY2025 filings, live.

ARES (live moat model)Peer median: AMP · NTRS · RJF · STT · PFG

Component scores from the live moat model. Peer median illustrative.

Moat score 44/100 — Weak; primary source Switching Costs.

3.8 · Employees (SEC filings)

Officer	Title
Robert Kipp DeVeer	Partner, Director & Co-President
Michael J. Arougheti	Co-Founder, Partner, CEO & Director
Blair Victor Jacobson	Partner & Co-President
Ryan James-Barclay Berry	Partner, Chief Marketing & Strategy Officer

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Revenue ($B)

EPS ($) — GAAP diluted actual, street-basis estimate

Actual bars are GAAP diluted EPS from the filed income statement; the lighter forward bars are street-basis consensus. The two are different measures and are not comparable quarter to quarter.

Quarterly EPS — Actual vs. Consensus

Beats (>2%)2 of 6recent quarters

Avg Surprise-0.9%

Next Report2026-10-29

Income Quality0.77OCF ÷ net income

Beat Rate—%0 of 0 quarters

Current Streak0longest 0

Avg EPS Surprise—%median —%

Surprise Trend—last 4 vs prior 4

Period	EPS est.	EPS actual	EPS surprise	Rev est. ($M)	Rev actual ($M)	Rev surprise

Announcement dates to . Consensus as it stood at each report. Revenue surprise shown where both estimate and actual are filed. A beat record is history, not a forecast.

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Profit Margins (%)

Revenue by Segment — Stacked

Live segmentation data.

YoY Growth Heatmap — Income Lines

YoY growth	FY21	FY22	FY23	FY24	FY25
Revenue	+138.8%	-27.5%	+18.9%	+7.0%	+66.6%
Gross profit	+205.9%	-48.9%	+37.8%	+0.4%	+124.8%
Operating income	+155.8%	-61.8%	+172.2%	+13.4%	+86.2%
Net income	+168.7%	-59.0%	+183.1%	-2.2%	+13.7%

$B · FY ends	FY21	FY22	FY23	FY24	FY25
Revenue	4.2	3.1	3.6	3.9	6.5
Cost of revenue	1.2	1.5	1.5	1.7	1.6
Gross profit	3.0	1.6	2.1	2.2	4.8
R&D expense	0.0	0.0	0.0	0.0	0.0
SG&A expense	2.2	1.2	1.3	1.2	0.0
Operating income	0.8	0.3	0.8	0.9	1.8
EBITDA	1.5	1.3	2.4	2.4	2.3
D&A	0.1	0.3	0.2	0.2	0.2
Pretax income	1.1	0.5	1.3	1.3	1.3
Income tax	0.1	0.1	0.2	0.2	0.2
Net income	0.4	0.2	0.5	0.5	0.5
Diluted EPS ($)	2.15	0.87	2.42	2.07	1.96
Diluted shares (M)	180	176	196	198	217

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Operating CF$2B

CapEx$0B

Free cash flow$2B

SBC$0B

Buybacks$0B

Net cash change$-1B

Balance Sheet — Full

$B	FY22	FY23	FY24	FY25
Cash & equivalents	1.1	1.5	2.7	1.5
ST investments	0.0	0.0	0.0	0.0
Receivables (net)	1.1	1.3	1.5	1.9
Total current assets	2.2	2.8	4.2	3.3
PP&E (net)	0.2	0.4	0.7	0.5
Goodwill + intangibles	2.2	2.2	2.1	5.6
Total assets	22.0	24.7	24.9	29.0
Accounts payable	0.4	0.4	0.7	0.0
Short-term debt	0.2	0.1	0.3	1.5
Deferred revenue	0.0	0.0	0.0	0.0
Total current liabilities	3.4	3.8	4.3	1.5
Long-term debt	13.0	15.3	12.2	12.8
Total liabilities	18.2	20.3	18.1	20.3
Shareholders' equity	3.8	4.5	6.8	8.7

Cash Flow Statement — Full

$B	FY22	FY23	FY24	FY25
Net income	0.4	1.2	1.1	0.5
D&A	0.3	0.2	0.2	0.2
Stock-based compensation	0.2	0.3	0.4	0.0
Working capital change	(0.2)	(0.5)	(0.2)	0.3
Operating cash flow	(0.7)	(0.2)	2.8	1.6
Capital expenditures	(0.0)	(0.1)	(0.1)	(0.1)
Investing cash flow	(0.3)	(0.1)	(0.2)	0.7
Buybacks	0.0	0.0	0.0	0.0
Dividends paid	(0.8)	(1.0)	(1.3)	(1.8)
Debt issuance / (repay)	1.8	1.7	(2.3)	(0.2)
Financing cash flow	1.1	0.3	(1.4)	(3.3)
Free cash flow	(0.8)	(0.3)	2.7	1.5

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Balance Sheet Structure ($B)

Cash Generation vs Capex ($B)

Left: what the balance sheet is made of — the gap between the assets bar and the liabilities bar is book equity. Right: whether the capex bar is covered by the operating-cash bar; where it is not, the difference was funded externally and free cash flow goes negative.

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
PROFITABILITY
ROE	27.1%	9.8%	27.2%	17.1%	13.5%	15%
ROA	2.2%	0.8%	2.0%	1.9%	2.0%	2.1%
ROIC	5.3%	1.9%	4.5%	5.9%	5.5%	4.5%
Gross margin	72.4%	51.0%	59.1%	55.4%	74.8%	62.7%
Operating margin	19.0%	10.0%	23.0%	24.4%	27.2%	23.2%
Net margin	9.7%	5.5%	13.1%	11.9%	8.2%	10.0%
EBITDA margin	35.0%	43.7%	66.8%	62.1%	35.5%	38.9%
FCF margin	-62.3%	-25.2%	-8.3%	69.5%	54.5%	—
VALUATION
P/E	33.29	71.21	45.14	79.90	67.78	49.0
P/B	7.46	7.51	11.31	10.46	8.36	6.4
P/S	3.23	3.90	5.90	9.54	6.10	5.77
P/FCF	-5.19	-15.50	-71.26	13.72	11.19	44.1
EV/EBITDA	18.16	24.31	16.26	21.06	23.10	20.1
EV/Revenue	5.87	7.90	9.82	12.22	8.39	7.8
Earnings yield	3.0%	1.4%	2.2%	1.3%	1.5%	2.50%
FCF yield	-19.3%	-6.5%	-1.4%	7.3%	8.9%	2.27%

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
LEVERAGE & SOLVENCY
Current ratio	0.63	0.64	0.73	0.98	2.24	0.83
Quick ratio	0.63	0.64	0.73	0.98	2.24	0.83
Debt / equity	6.85	8.39	8.32	3.71	3.49	3.75
Debt / assets	57.8%	60.6%	63.7%	52.8%	51.4%	50.2%
Net debt / EBITDA	8.16	12.30	6.50	4.62	6.30	5.24
Interest coverage	4.61	2.06	2.55	2.30	2.52	—

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
EFFICIENCY
Asset turnover	0.23	0.14	0.16	0.16	0.22	0.22
Receivables turnover	4.72	2.72	3.08	2.79	3.44	3.4
DSO (days)	77	134	118	131	106	—
DPO (days)	86	95	101	117	51	—
Cash conversion cycle	-8	39	17	14	55	107
GROWTH (YoY)
Revenue growth	138.8%	-27.5%	18.9%	7.0%	50.9%	—
Net income growth	168.7%	-59.0%	183.1%	-2.2%	13.7%	—
EPS growth	112.6%	-59.2%	183.2%	-13.7%	10.6%	—
FCF growth	-494.0%	70.7%	61.0%	998.6%	18.3%	—
PER SHARE ($)
EPS (diluted, TTM)	2.16	0.88	2.50	2.16	2.38	2.81
Book value / share	9.66	8.37	9.98	16.48	19.33	38.01
Revenue / share	22.29	16.10	19.14	18.06	26.51	28.22
FCF / share	-13.88	-4.06	-1.58	12.55	14.45	3.69
Cash / share	7.37	5.87	7.89	12.72	6.78	8.19
SHAREHOLDER RETURN & SCORES
Buyback yield	3.2%	1.6%	0.0%	0.0%	2.6%	2.14%
Altman Z-Score	0.77	0.59	1.00	1.63	1.49	1.4
Piotroski F-Score	5	2	5	7	8	6/9
Beneish M-Score	-1.00	-2.09	-2.16	-2.81	-2.48	-2.27

Model	Score	Zone	Note
Piotroski F-Score	6 / 9	Middling
Altman Z-Score	1.4	Distress (<1.81)	Distress
Income quality	0.77	Accrual-heavy	OCF ÷ net income
Beneish M-Score	-2.27	Non-manipulator	vs −2.22 threshold

DuPont Decomposition (TTM)	Value
Tax burden	0.41
Interest burden	0.71
Operating margin	34.6%
Asset turnover	0.22×
Financial leverage	6.75×
= ROE	15%

Growth Quality (live)	Value
Revenue stability	0.84
Earnings stability	0.65
Earnings persistence	0.82
Revenue CAGR 3y	25.3%
EPS CAGR 3y	32.2%
FCF CAGR 3y	—

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Buyback Yield2.14%

Dividend Yield4.60%

Total Shareholder Return9.38%cash yield

SBC / Revenue0.0%dilution pressure

Company	Mkt cap	P/E	ROE	Net margin	Rev growth	Piotroski	1-yr ret
AMP	$44.2B	11.9	63%	22.2%	+9.0%	5/9	+7.4%
NTRS	$30.3B	14.1	17%	18.8%	+3.1%	8/9	+33.7%
RJF	$30.1B	13.4	18%	13.6%	+9.1%	7/9	-0.7%
STT	$45.5B	13.3	12%	18.0%	+2.2%	6/9	+46.7%
PFG	$23.3B	15.5	13%	10.3%	+3.7%	5/9	—
TROW	$21.5B	10.1	21%	33.1%	+7.0%	8/9	—
APO	$65.4B	24.0	14%	12.1%	+34.6%	6/9	—
BAM	$72.4B	26.3	10%	52.9%	+26.5%	4/9	—

1-yr returns computed from adjusted price history; peers without a tracked series show —.

Buy

22 Analysts

Str Sell (0)Sell (0)Hold (5)Buy (16)Str Buy (1)

Mean Target (qtr)$149.008 targets

Target vs. Price+32.7%last-quarter mean

Next Report2026-10-29street $1.26

Consensus estimates	Revenue mean	High / Low	EPS mean	High / Low	# EPS est.
FY2026	$5.69B	$5.91B / $5.60B	$5.77	$6.20 / $5.51	13
FY2027	$6.73B	$6.99B / $6.48B	$7.14	$7.63 / $6.75	13
FY2028	$7.83B	$8.02B / $7.66B	$8.43	$8.93 / $7.62	10

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Street Price Target — Trajectory

Window	Avg Target	vs. Price	# Targets
Last Month	$145.00	+29.2%	3
Last Quarter	$149.00	+32.7%	8
Last Year	$171.57	+52.8%	28
All Time	$160.00	+42.5%	56

Rolling mean of published targets vs. last close $112.27. Aggregated from StreetInsider, Benzinga.

Third-Party Composite Rating

C+

DCF

1/5

ROE

5/5

ROA

4/5

Debt/Eq

1/5

P/E

1/5

P/B

1/5

Independent quant composite as of 2026-10-16; components scored 1–5 (5 best). Shown for contrast with the InsiderStreet Score — methodologies differ.

ARES -20.0% vs S&P 500 +15.9% — spread -35.9pp

Sector — XLF +7.2%

Peer Set — indexed to 100

All series indexed to 100 at the start of the window, adjusted closes.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Candlesticks with SMA 20/50 overlay, Bollinger (20,2σ) band, volume, and Wilder RSI(14) — computed from live daily OHLCV.

Moving Average	Value	Distance	% Distance	Signal
SMA 20	$117.96	-5.69	-4.82%	Below
SMA 50	$129.74	-17.47	-13.47%	Below
SMA 200	$127.03	-14.76	-11.62%	Below
EMA 9	$115.20	-2.93	-2.54%	Below
EMA 21	$118.85	-6.58	-5.54%	Below
EMA 50	$124.12	-11.85	-9.55%	Below
EMA 200	$130.79	-18.52	-14.16%	Below

Series and readings from the nightly technical-indicator history — identical data to the site's ribbon chart. Supertrend segments colored by direction.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

TECHNICAL VERDICTBEARISHPower Score -702 of 22 indicator votes bullish

Family Scores (site weights)

Trend 30%10

Momentum 25%0

Volume 20%31

Volatility 10%0

Patterns 15%38

This Week9% bullishof 11 price-based votes

4 Weeks Ago9%+0 pts since

12 Weeks Ago36%-27 pts since

ReadStabilizingweek-over-week trajectory

Price vs SMA 20$117.96

Price vs SMA 50$129.74

Price vs SMA 200$127.03

EMA 9/21 Cross115.2/118.8

SMA 50/200Golden

ADX DirectionADX 34

Supertrend$124

Parabolic SAR$118

SMA Slope-0.580

RSI32.1

Stochastic K/D22/24

StochRSI K/D25/36

Williams %R-81

CCI-121

TSI vs Signal-33.0

CMO-35.7

ROC-4.48%

OBV SignalAccum

Chaikin MF-0.030

MFI32

Force Index-2M

Elder Ray Bull-3.15

RSI (14)30 oversold · 70 overbought

Stochastic %Kvs %D 24

Money Flowvolume-weighted RSI

ADXtrend strength · <20 weak

Williams %Rinverted scale

Level	Value	Level	Value
Pivot / R1 / R2	$112.86 / $115.41 / $116.80	S1 / S2	$111.47 / $108.92
Bollinger (20,2)	$110.84 – $125.09	Squeeze	Off
52-wk range	$94.51 – $180.02	Off 52-wk high	-37.6%
ATR (14)	$3.99 (3.6%)	Historical vol	25.9%

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

+5.9%Jan75%

+1.3%Feb67%

-2.2%Mar50%

-0.1%Apr64%

+3.9%May75%

+0.7%Jun50%

+8.0%Jul100%

+0.5%Aug58%

-1.4%Sep50%

+0.7%Oct42%

+3.2%Nov83%

+1.0%Dec75%

Sample: 12 years — treat short histories as suggestive, not statistical.

Computed from live weekly prices	ARES	S&P 500
Weekly volatility (σ, 1y)	6.20%	1.83%
Best / worst week (1y)	+17.2% / -17.5%	—
Max drawdown (5y, monthly)	-44.7%	—
1-week VaR (95%)	-9.4%	—
Beta (5y)	1.52	1.00

ARES EQUITY WEATHER (LIVE)STORMY · -46

Trend-52

Momentum-45

Volume-43

Volatility-60

Breadth-23

MARKET REGIME (2026-10-16)NEUTRAL

VIX19.99Normal

Dow TheoryConfirmed Bearish

SPY / QQQ TSI7.2 / 4.7trend strength

Sector Strength46/100breadth average

Average sentiment of 179 stories, weekly buckets, −1 to +1.

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Overall-46.4-29.4 vs industry

Trend-51.5-41.7 vs industry

Momentum-44.6-37.6 vs industry

Volume-42.7-42.7 vs industry

Reading	ARES	Asset Management n=10,831	Financial Services n=24,134	All US symbols n=70,435
Overall	-46.4	-17.0	-16.3	-20.5
Trend	-51.5	-9.8	-12.5	-21.3
Momentum	-44.6	-7.0	-4.4	-15.8
Volume	-42.7	+0.0	+0.0	-3.8

Trend, momentum and volume are computed per company. Volatility and breadth are market-regime values shared by every symbol in the universe, so they are reported once under Market Regime rather than compared here - a company cannot differ from its sector on a constant.

Executive	Total comp	Structure
R. Kipp deVeer, Director, Head of Credit Gro	$35.5M	26% equity+incentive
Michael J Arougheti, Co-Founder, Chief Execu	$30.6M	45% equity+incentive
Bennett Rosenthal, Co-Founder and Chairman o	$9.9M	0% equity+incentive
David B. Kaplan, Co-Founder	$9.9M	0% equity+incentive
Jarrod Phillips, Chief Financial Officer	$3.7M	61% equity+incentive

Pillar (live disclosure scores)	Score
Environmental	85
Social	73
Governance	76
Composite ESG	78

Composite ESG Trend

Methodology. Every figure originates in InsiderStreet's production data layer and is computed deterministically by the same engines that power insiderstreet.ai. This factsheet contains no model-written text. Sections without underlying data are omitted rather than estimated.

DISCLOSURES. This document is produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation tailored to any person. Data is sourced as of the dates shown and may no longer be current. InsiderStreet.ai is not a registered investment adviser or broker-dealer. Investing involves risk, including loss of principal. Past performance does not guarantee future results. Do not make any investment decision based on this document. © 2026 InsiderStreet.ai — all rights reserved. Redistribution prohibited.

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Data domain	Source	Coverage for this report
Price & volume	market_db.historical_prices	52 rows
Fundamentals	income_statements_annual	6 rows · 2020 to 2025
Reported vs consensus	fact/earnings_calendar	24 rows · 2020-10-28 to 2026-07-31
Analyst estimates	dim/forward_estimates	3 rows · 2026-12-31 to 2028-12-31
Institutional ownership (13F)	holdings_db.institutional_ownership_summary	31 rows · 2018 to 2026
Insider transactions (Form 4)	edgar/form4	9 rows · 2026-06-03 to 2026-08-20
Proposed sales (Form 144)	edgar/form144	not present for this symbol
Beneficial ownership (13D/G)	edgar/13dg	not present for this symbol
Short-sale volume (FINRA)	edgar/short_volume_daily	60 rows · 2026-07-23 to 2026-10-15
Dark pool (ATS, tier 1)	edgar/darkpool_weekly	12 rows · 2026-06-15 to 2026-08-31
ETF & fund holding	etf_holdings_changelog (30d)	1 record
Peer set	stock_peers_dynamic	8 rows
Industry medians	industry_medians	1 record
Congressional trades	congress_db (House + Senate)	1 record
ESG	fact/esg_disclosures	1 record

Method. Every figure in this factsheet is looked up from a named field computed in code. It contains no model-written text.

Not covered. Short interest as a percent of float and days-to-cover are not in this data set — the short-sale figures above are FINRA volume, a flow, and cannot support squeeze or covering analysis. Options positioning and intraday data are also absent. 13F ownership is filed 45 days after quarter end and congressional trades are disclosed on a lag, so both describe a past position, not a current one.

Ares Management Corporation (ARES)

Ares Management Corporation (ARES)

Score Breakdown

Peer Comparison — IS Score

IS Score Trend — quarterly

Ares Management Corporation (ARES)

Institutions holding — 12 quarters

Ares Management Corporation (ARES)

Monthly Net Insider Flow (000 shares)

Signal Summary

Ares Management Corporation (ARES)

2.8 · Largest Reporting 13F Managers

2.9 · Top ETF & Fund Ownership

13F Filers Holding ARES — quarterly

Institutional Put/Call — quarterly

Where ARES Trades in the Dark

Ares Management Corporation (ARES)

3.8 · Employees (SEC filings)

Ares Management Corporation (ARES)

Ares Management Corporation (ARES)

Ares Management Corporation (ARES)

Balance Sheet — Full

Cash Flow Statement — Full

Ares Management Corporation (ARES)

Ares Management Corporation (ARES)

Ares Management Corporation (ARES)

Ares Management Corporation (ARES)

Street Price Target — Trajectory

Third-Party Composite Rating

Ares Management Corporation (ARES)

Ares Management Corporation (ARES)

Family Scores (site weights)

Ares Management Corporation (ARES)

Ares Management Corporation (ARES)

Ares Management Corporation (ARES)