Ares Management Co. (NYSE:ARES) Insider Sells $2,586,557.12 in Stock

Ares Management Co. (NYSE:ARES) insider Ryan Berry sold 14,357 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $180.16, for a total value of $2,586,557.12. Following the transaction, the insider now directly owns 233,214 shares in the company, valued at $42,015,834.24. This represents a 5.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, December 9th, Ryan Berry sold 5,443 shares of Ares Management stock. The stock was sold at an average price of $180.14, for a total transaction of $980,502.02.
• On Monday, November 11th, Ryan Berry sold 1,671 shares of Ares Management stock. The shares were sold at an average price of $175.00, for a total transaction of $292,425.00.
• On Wednesday, November 6th, Ryan Berry sold 18,329 shares of Ares Management stock. The stock was sold at an average price of $175.18, for a total transaction of $3,210,874.22.
• On Thursday, October 17th, Ryan Berry sold 40,000 shares of Ares Management stock. The shares were sold at an average price of $167.99, for a total transaction of $6,719,600.00.
• On Friday, October 4th, Ryan Berry sold 20,000 shares of Ares Management stock. The shares were sold at an average price of $160.07, for a total value of $3,201,400.00.
• On Wednesday, September 18th, Ryan Berry sold 12,500 shares of Ares Management stock. The shares were sold at an average price of $154.40, for a total value of $1,930,000.00.
• On Monday, September 16th, Ryan Berry sold 12,500 shares of Ares Management stock. The stock was sold at an average price of $148.42, for a total value of $1,855,250.00.

Ares Management Stock Performance

Ares Management stock opened at $182.39 on Friday. The stock has a fifty day moving average price of $170.12 and a 200 day moving average price of $152.63. Ares Management Co. has a 52 week low of $112.83 and a 52 week high of $185.06. The firm has a market capitalization of $57.10 billion, a P/E ratio of 84.05, a PEG ratio of 1.99 and a beta of 1.19. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.53.

Ares Management (NYSE:ARES) last posted its quarterly earnings data on Friday, November 1st. The asset manager reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $833.58 million. Ares Management had a net margin of 12.51% and a return on equity of 19.89%. During the same quarter in the prior year, the company posted $0.83 EPS. Equities research analysts anticipate that Ares Management Co. will post 4.06 earnings per share for the current year.

Ares Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Tuesday, December 17th. Ares Management’s dividend payout ratio is currently 171.43%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Ares Management from $146.00 to $150.00 and gave the company a “hold” rating in a report on Monday, November 11th. The Goldman Sachs Group raised their price objective on shares of Ares Management from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Wells Fargo & Company raised Ares Management from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $176.00 to $212.00 in a research note on Thursday. StockNews.com downgraded Ares Management from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, UBS Group upped their price objective on Ares Management from $158.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $169.64.

Hedge Funds Weigh In On Ares Management

Hedge funds have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA raised its position in shares of Ares Management by 58.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,058,394 shares of the asset manager’s stock worth $674,183,000 after buying an additional 1,867,933 shares during the period. Lone Pine Capital LLC purchased a new position in shares of Ares Management in the 2nd quarter worth about $209,884,000. Millennium Management LLC raised its holdings in shares of Ares Management by 722.6% in the 2nd quarter. Millennium Management LLC now owns 1,738,148 shares of the asset manager’s stock worth $231,660,000 after purchasing an additional 1,526,856 shares during the period. LRI Investments LLC lifted its stake in shares of Ares Management by 49.4% in the 2nd quarter. LRI Investments LLC now owns 2,822,565 shares of the asset manager’s stock valued at $376,191,000 after purchasing an additional 933,664 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Ares Management by 31.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,849,737 shares of the asset manager’s stock worth $444,103,000 after purchasing an additional 678,549 shares during the period. Institutional investors and hedge funds own 50.03% of the company’s stock.

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.