Insider Selling: Ares Management Co. (NYSE:ARES) CEO Sells $4,423,287.88 in Stock

Ares Management Co. (NYSE:ARES) CEO Michael J. Arougheti sold 25,843 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $171.16, for a total value of $4,423,287.88. Following the sale, the chief executive officer now directly owns 167,711 shares in the company, valued at $28,705,414.76. This trade represents a 13.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Ares Management Price Performance

Shares of NYSE:ARES opened at $175.52 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.53. The stock has a market cap of $54.95 billion, a PE ratio of 80.88, a PEG ratio of 1.91 and a beta of 1.20. The company’s fifty day moving average is $163.69 and its 200 day moving average is $149.29. Ares Management Co. has a 52 week low of $107.69 and a 52 week high of $176.83.

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

Ares Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend yield of 2.12%. The ex-dividend date is Tuesday, December 17th. Ares Management’s dividend payout ratio (DPR) is presently 171.43%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ARES shares. Morgan Stanley lifted their price objective on Ares Management from $136.00 to $162.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Royal Bank of Canada lifted their price target on Ares Management from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. TD Cowen upped their price objective on shares of Ares Management from $184.00 to $187.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. UBS Group lifted their target price on shares of Ares Management from $158.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company boosted their price target on shares of Ares Management from $172.00 to $176.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Ares Management has an average rating of “Moderate Buy” and an average price target of $166.36.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC boosted its position in Ares Management by 20.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 8,488 shares of the asset manager’s stock valued at $1,129,000 after buying an additional 1,417 shares during the period. UniSuper Management Pty Ltd boosted its holdings in shares of Ares Management by 118.2% during the first quarter. UniSuper Management Pty Ltd now owns 2,400 shares of the asset manager’s stock worth $319,000 after purchasing an additional 1,300 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of Ares Management by 2.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 65,325 shares of the asset manager’s stock worth $8,693,000 after purchasing an additional 1,345 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Ares Management during the 1st quarter valued at about $1,995,000. Finally, Natixis increased its holdings in Ares Management by 401.4% during the 1st quarter. Natixis now owns 10,273 shares of the asset manager’s stock valued at $1,366,000 after purchasing an additional 8,224 shares during the period. Institutional investors 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.