Ares Management Q2 revenue beats estimates

Ares said it remains on track to achieve its financial goals for the year and sees a meaningful pickup in its firmwide investment pipeline. The company said its record $170 billion of dry powder positions it to support earnings growth.

Result drivers:

• Record fundraising — More than $36 billion of inflows in the quarter reflected continued client demand for its strategies.
• Active investing — Ares said its global origination platform enabled it to remain active in a slower transaction environment, and that its investment pipeline is picking up.
• Platform scale — The company attributed year-over-year growth in key metrics to the scale and diversification of its platform.

The current average analyst rating on the shares is "buy", with 13 "strong buy" or "buy" ratings, 6 "hold" ratings, and no "sell" or "strong sell" ratings.

The average consensus recommendation for the investment management and fund operators peer group is .