Goldman Sachs Removes Ares Management (ARES) From its US Conviction List
Key takeaways
- Goldman Sachs removed Ares Management Corp (NYSE:ARES) from the firm’s US Conviction List as part of its monthly update on June 1.
- It further stated that fiscal Q1 results are often somewhat lumpy and the year’s low point for Ares Management Corp (NYSE:ARES).
- Ares Management Corp (NYSE:ARES) provides investment and consultancy services.
Goldman Sachs Removes Ares Management (ARES) From its US Conviction List Noor Ul Ain Rehman Tue, June 9, 2026 at 11:44 PM GMT+7 2 min read ARES Ares Management Corp (NYSE:ARES) is one of the best NYSE stocks to buy for long-term investment. Goldman Sachs removed Ares Management Corp (NYSE:ARES) from the firm’s US Conviction List as part of its monthly update on June 1. In another development, Oppenheimer cut the price target on the stock to $146 from $147 on May 4 and maintained an Outperform rating on the shares. The firm stated that Ares Management Corp (NYSE:ARES) reported after-tax realized net income per share of $1.24 versus its $1.37 estimate and the consensus’ $1.33. However, it stated that Oppenheimer really cares more about performance and fundraising metrics than the current quarter’s earnings because those will drive future earnings, as is generally the case with Alt earnings.
The firm also believes that the earnings “miss” for the quarter came from a $22M miss on the inherently lumpy fee-related performance fees and a $21 million miss on base management fees, which was partially offset by $28 million less compensation. It further stated that fiscal Q1 results are often somewhat lumpy and the year’s low point for Ares Management Corp (NYSE:ARES).
Ares Management Corp (NYSE:ARES) provides investment and consultancy services. The company’s operations are divided into the following segments: Credit Group, Private Equity Group, Real Assets Group, Secondaries Group, and Other.