Ryan Berry Sells 10,000 Shares of Ares Management Co. (NYSE:ARES) Stock

Ares Management Co. (NYSE:ARES) insider Ryan Berry sold 10,000 shares of Ares Management stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $142.12, for a total transaction of $1,421,200.00. Following the completion of the sale, the insider now owns 446,702 shares in the company, valued at approximately $63,485,288.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, September 5th, Ryan Berry sold 57,500 shares of Ares Management stock. The shares were sold at an average price of $140.74, for a total value of $8,092,550.00.

Ares Management Stock Performance

Shares of Ares Management stock opened at $140.00 on Wednesday. The firm has a market cap of $43.82 billion, a PE ratio of 62.78, a price-to-earnings-growth ratio of 1.29 and a beta of 1.21. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.52. Ares Management Co. has a 52 week low of $96.00 and a 52 week high of $155.53. The business’s fifty day simple moving average is $143.17 and its 200-day simple moving average is $138.37.

Ares Management (NYSE:ARES) last posted its earnings results on Friday, August 2nd. The asset manager reported $0.99 EPS 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 analysts’ expectations 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 in the prior year, the company posted $0.90 earnings per share. Equities analysts forecast that Ares Management Co. will post 4.15 earnings per share for the current year.

Ares Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Monday, September 16th. Ares Management’s payout ratio is 166.82%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. UBS Group decreased their price target on shares of Ares Management from $160.00 to $158.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Redburn Atlantic started coverage on shares of Ares Management in a research note on Tuesday, August 27th. They issued a “neutral” rating and a $140.00 target price on the stock. JPMorgan Chase & Co. upped their price target on Ares Management from $141.00 to $143.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $150.00 price target on shares of Ares Management in a report on Wednesday, May 22nd. Finally, TD Cowen boosted their price objective on Ares Management from $158.00 to $162.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $138.92.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ARES. New York Life Investment Management LLC acquired a new position in Ares Management during the 4th quarter worth about $334,000. Spire Wealth Management lifted its position in shares of Ares Management by 15,900.0% during the fourth quarter. Spire Wealth Management now owns 1,280 shares of the asset manager’s stock worth $149,000 after purchasing an additional 1,272 shares in the last quarter. Private Advisor Group LLC purchased a new position in shares of Ares Management in the fourth quarter valued at approximately $291,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Ares Management by 6.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 608,124 shares of the asset manager’s stock valued at $72,318,000 after purchasing an additional 34,594 shares during the period. Finally, Principal Securities Inc. purchased a new stake in Ares Management during the 4th quarter worth approximately $635,000. 50.03% of the stock is currently owned by institutional investors and hedge funds.

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.