Ryan Berry Sells 12,500 Shares of Ares Management Co. (NYSE:ARES) Stock

Ares Management Co. (NYSE:ARES) insider Ryan Berry sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $148.42, for a total value of $1,855,250.00. Following the sale, the insider now directly owns 414,202 shares in the company, valued at approximately $61,475,860.84. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Ryan Berry also recently made the following trade(s):

• On Thursday, September 12th, Ryan Berry sold 1 shares of Ares Management stock. The stock was sold at an average price of $144.01, for a total value of $144.01.
• On Monday, September 9th, Ryan Berry sold 10,000 shares of Ares Management stock. The shares were sold at an average price of $142.12, for a total value of $1,421,200.00.
• On Thursday, September 5th, Ryan Berry sold 57,500 shares of Ares Management stock. The stock was sold at an average price of $140.74, for a total transaction of $8,092,550.00.

Ares Management Trading Down 0.2 %

Shares of ARES stock opened at $152.43 on Thursday. The firm’s 50-day simple moving average is $144.42 and its 200-day simple moving average is $139.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.05 and a quick ratio of 1.05. Ares Management Co. has a 1-year low of $96.00 and a 1-year high of $155.65. The firm has a market cap of $47.23 billion, a P/E ratio of 68.35, a PEG ratio of 1.33 and a beta of 1.21.

Ares Management (NYSE:ARES) last announced its quarterly earnings results on Friday, August 2nd. The asset manager reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. The company had revenue of $788.68 million for the quarter, compared to analyst estimates of $860.09 million. Ares Management had a net margin of 12.53% and a return on equity of 20.46%. During the same quarter last year, the business earned $0.90 EPS. As a group, equities analysts forecast that Ares Management Co. will post 4.15 EPS for the current year.

Ares Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.93 per share. The ex-dividend date is Monday, September 16th. This represents a $3.72 annualized dividend and a yield of 2.44%. Ares Management’s dividend payout ratio is presently 166.82%.

Hedge Funds Weigh In On Ares Management

Large investors have recently modified their holdings of the company. Private Advisor Group LLC acquired a new stake in Ares Management during the 4th quarter worth approximately $291,000. BNP Paribas Financial Markets raised its stake in shares of Ares Management by 303.9% in the 4th quarter. BNP Paribas Financial Markets now owns 63,085 shares of the asset manager’s stock valued at $7,502,000 after acquiring an additional 47,466 shares during the period. QRG Capital Management Inc. acquired a new position in shares of Ares Management during the 4th quarter valued at $218,000. Dimensional Fund Advisors LP boosted its position in Ares Management by 3.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 385,222 shares of the asset manager’s stock worth $45,812,000 after purchasing an additional 12,271 shares during the period. Finally, Ieq Capital LLC acquired a new stake in Ares Management in the 4th quarter valued at $247,000. 50.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ARES has been the subject of a number of research reports. Redburn Atlantic began coverage on shares of Ares Management in a research report on Tuesday, August 27th. They set a “neutral” rating and a $140.00 target price for the company. UBS Group reduced their target price on Ares Management from $160.00 to $158.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Wells Fargo & Company initiated coverage on Ares Management in a research report on Thursday, September 12th. They set an “equal weight” rating and a $156.00 price target for the company. Barclays increased their price objective on Ares Management from $151.00 to $155.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, TD Cowen boosted their target price on shares of Ares Management from $158.00 to $162.00 and gave the company a “buy” rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Ares Management presently has an average rating of “Hold” and a consensus target price of $141.42.

Ares Management Company Profile

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.