Michael J. Arougheti Sells 31,266 Shares of Ares Management Corp (NYSE:ARES) Stock

Ares Management Corp (NYSE:ARES) CEO Michael J. Arougheti sold 31,266 shares of the stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $27.09, for a total transaction of $846,995.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Michael J. Arougheti also recently made the following trade(s):

  • On Monday, July 8th, Michael J. Arougheti sold 127,490 shares of Ares Management stock. The shares were sold at an average price of $27.00, for a total transaction of $3,442,230.00.
  • On Tuesday, July 2nd, Michael J. Arougheti sold 253,922 shares of Ares Management stock. The shares were sold at an average price of $26.52, for a total transaction of $6,734,011.44.
  • On Thursday, June 27th, Michael J. Arougheti sold 78,801 shares of Ares Management stock. The shares were sold at an average price of $25.96, for a total transaction of $2,045,673.96.
  • On Monday, June 24th, Michael J. Arougheti sold 36,209 shares of Ares Management stock. The shares were sold at an average price of $27.18, for a total transaction of $984,160.62.
  • On Friday, June 21st, Michael J. Arougheti sold 48,299 shares of Ares Management stock. The shares were sold at an average price of $27.31, for a total transaction of $1,319,045.69.

Shares of Ares Management stock opened at $27.98 on Thursday. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 19.70, a P/E/G ratio of 1.45 and a beta of 1.38. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.76. The firm has a 50 day moving average of $26.59. Ares Management Corp has a 52 week low of $16.18 and a 52 week high of $28.58.



Ares Management (NYSE:ARES) last announced its quarterly earnings data on Thursday, May 2nd. The asset manager reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). The company had revenue of $224.66 million during the quarter, compared to analysts’ expectations of $228.42 million. Ares Management had a net margin of 5.22% and a return on equity of 25.86%. During the same period in the previous year, the business earned $0.39 earnings per share. As a group, analysts anticipate that Ares Management Corp will post 1.53 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.57%. The ex-dividend date was Thursday, June 13th. Ares Management’s payout ratio is currently 90.14%.

Separately, Zacks Investment Research raised shares of Triple-S Management from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Monday, April 29th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Ares Management has a consensus rating of “Buy” and an average target price of $25.00.

Institutional investors have recently made changes to their positions in the stock. Cordasco Financial Network purchased a new position in shares of Ares Management in the 1st quarter valued at approximately $70,000. Marshall Wace LLP purchased a new position in shares of Ares Management in the 1st quarter valued at approximately $145,000. Marshall Wace North America L.P. purchased a new position in shares of Ares Management in the 1st quarter valued at approximately $175,000. Barclays PLC raised its position in shares of Ares Management by 105.2% in the 4th quarter. Barclays PLC now owns 10,258 shares of the asset manager’s stock valued at $183,000 after purchasing an additional 5,258 shares during the last quarter. Finally, Two Sigma Advisers LP raised its position in shares of Ares Management by 13.6% in the 4th quarter. Two Sigma Advisers LP now owns 11,700 shares of the asset manager’s stock valued at $208,000 after purchasing an additional 1,400 shares during the last quarter. 60.00% of the stock is owned by hedge funds and other institutional investors.

About Ares Management

Ares Management Corporation operates as an alternative asset manager in the United States, Europe, and Asia. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets.

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