Ares Management Co. (NYSE:ARES) Insider Sells $1,855,250.00 in Stock

Ares Management Co. (NYSE:ARES) insider Ryan Berry sold 12,500 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $148.42, for a total transaction of $1,855,250.00. Following the sale, the insider now owns 414,202 shares of the company’s stock, valued at $61,475,860.84. The transaction was disclosed in a filing 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 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 transaction of $1,421,200.00.
• 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

NYSE ARES opened at $152.81 on Wednesday. Ares Management Co. has a 12-month low of $96.00 and a 12-month high of $155.53. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.52. The company has a 50-day simple moving average of $144.15 and a two-hundred day simple moving average of $138.90. The firm has a market cap of $47.34 billion, a price-to-earnings ratio of 68.52, 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The business 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 firm earned $0.90 EPS. On average, equities analysts forecast that Ares Management Co. will post 4.15 EPS for the current year.

Ares Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a $0.93 dividend. The ex-dividend date is Monday, September 16th. This represents a $3.72 annualized dividend and a dividend yield of 2.43%. Ares Management’s dividend payout ratio is 166.82%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $150.00 price target on shares of Ares Management in a research note on Wednesday, May 22nd. Redburn Atlantic started coverage on Ares Management in a research note on Tuesday, August 27th. They issued a “neutral” rating and a $140.00 target price on the stock. Barclays boosted their price target on shares of Ares Management from $151.00 to $155.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. JPMorgan Chase & Co. lifted their price objective on shares of Ares Management from $141.00 to $143.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. Finally, UBS Group dropped their price objective 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $141.42.

Hedge Funds Weigh In On Ares Management

A number of institutional investors have recently bought and sold shares of the stock. Compass Wealth Management LLC bought a new stake in shares of Ares Management in the 1st quarter worth approximately $28,000. Riverview Trust Co bought a new position in Ares Management in the 1st quarter worth about $29,000. West Oak Capital LLC grew its position in Ares Management by 66.7% during the 1st quarter. West Oak Capital LLC now owns 250 shares of the asset manager’s stock valued at $33,000 after purchasing an additional 100 shares during the last quarter. J.Safra Asset Management Corp lifted its stake in shares of Ares Management by 717.6% in the first quarter. J.Safra Asset Management Corp now owns 278 shares of the asset manager’s stock worth $37,000 after buying an additional 244 shares in the last quarter. Finally, TFO Wealth Partners LLC increased its position in shares of Ares Management by 29,200.0% during the fourth quarter. TFO Wealth Partners LLC now owns 293 shares of the asset manager’s stock valued at $35,000 after acquiring an additional 292 shares in the last quarter. 50.03% of the stock is owned by institutional investors.

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.