Ares Management Co. (NYSE:ARES) Insider Ryan Berry Sells 40,000 Shares

Ares Management Co. (NYSE:ARES) insider Ryan Berry sold 40,000 shares of Ares Management stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $167.99, for a total transaction of $6,719,600.00. Following the sale, the insider now owns 304,202 shares of the company’s stock, valued at $51,102,893.98. The trade was a 0.00 % decrease in their position. The sale 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 Friday, October 4th, Ryan Berry sold 20,000 shares of Ares Management stock. The stock was sold at an average price of $160.07, for a total transaction 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.
• 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 0.7 %

Ares Management stock opened at $168.64 on Tuesday. Ares Management Co. has a one year low of $96.00 and a one year high of $171.76. The stock has a market cap of $52.25 billion, a PE ratio of 75.62, a price-to-earnings-growth ratio of 1.48 and a beta of 1.22. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a 50-day moving average of $151.56 and a two-hundred day moving average of $143.29.

Ares Management (NYSE:ARES) last released its earnings results on Friday, August 2nd. The asset manager reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.01. The company had revenue of $788.68 million for the quarter, compared to the consensus estimate 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 previous year, the firm earned $0.90 EPS. On average, research analysts anticipate that Ares Management Co. will post 4.16 EPS for the current fiscal year.

Ares Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.93 dividend. The ex-dividend date was Monday, September 16th. This represents a $3.72 dividend on an annualized basis and a yield of 2.21%. Ares Management’s dividend payout ratio (DPR) is 166.82%.

Wall Street Analyst Weigh In

ARES has been the topic of a number of research reports. TD Cowen raised their target price on shares of Ares Management from $162.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Royal Bank of Canada lifted their price objective on shares of Ares Management from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft lowered their target price on Ares Management from $134.00 to $133.00 and set a “hold” rating for the company in a report on Thursday, August 15th. The Goldman Sachs Group lifted their price target on Ares Management from $145.00 to $160.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, JPMorgan Chase & Co. upped their price objective on Ares Management from $141.00 to $143.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $155.82.

Institutional Trading of Ares Management

Several large investors have recently added to or reduced their stakes in the company. Curated Wealth Partners LLC lifted its holdings in shares of Ares Management by 199.7% during the second quarter. Curated Wealth Partners LLC now owns 1,658,217 shares of the asset manager’s stock worth $221,007,000 after purchasing an additional 3,321,434 shares during the period. LRI Investments LLC acquired a new stake in Ares Management during the 1st quarter valued at approximately $264,729,000. Massachusetts Financial Services Co. MA boosted its holdings 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 valued at $674,183,000 after acquiring an additional 1,867,933 shares during the last quarter. Lone Pine Capital LLC acquired a new stake in shares of Ares Management in the second quarter worth $209,884,000. Finally, Millennium Management LLC raised its holdings in shares of Ares Management by 722.6% during the second 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 last quarter. Hedge funds and other 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.