Insider Selling: Ares Management Co. (NYSE:ARES) Insider Sells 1,671 Shares of Stock

Ares Management Co. (NYSE:ARES) insider Ryan Berry sold 1,671 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $175.00, for a total value of $292,425.00. Following the completion of the transaction, the insider now owns 253,214 shares of the company’s stock, valued at approximately $44,312,450. This represents a 0.00 % decrease in their position. The transaction 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 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 value of $6,719,600.00.
• 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 value of $3,201,400.00.
• On Wednesday, September 18th, Ryan Berry sold 12,500 shares of Ares Management stock. The stock was 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 shares were 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 shares were sold at an average price of $144.01, for a total transaction of $144.01.
• On Monday, September 9th, Ryan Berry sold 10,000 shares of Ares Management stock. The stock was 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 stock was sold at an average price of $140.74, for a total transaction of $8,092,550.00.

Ares Management Stock Performance

Shares of NYSE:ARES traded down $0.92 during midday trading on Tuesday, reaching $170.46. 1,037,470 shares of the company’s stock traded hands, compared to its average volume of 1,161,756. 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 $158.49 and a 200 day moving average of $147.02. Ares Management Co. has a one year low of $101.44 and a one year high of $175.74. The company has a market cap of $53.35 billion, a price-to-earnings ratio of 78.54, a P/E/G ratio of 1.87 and a beta of 1.20.

Ares Management (NYSE:ARES) last announced its quarterly earnings data on Friday, November 1st. The asset manager reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.01. Ares Management had a return on equity of 20.51% and a net margin of 12.51%. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $833.58 million. During the same period last year, the business posted $0.83 earnings per share. As a group, equities research analysts anticipate that Ares Management Co. will post 4.07 EPS for the current fiscal year.

Ares Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a $0.93 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.18%. Ares Management’s dividend payout ratio is currently 171.43%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. 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. JPMorgan Chase & Co. lowered their target price on shares of Ares Management from $176.00 to $174.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. The Goldman Sachs Group upped their target price on Ares Management from $145.00 to $160.00 and gave the company a “buy” rating in a report on Monday, September 30th. Deutsche Bank Aktiengesellschaft upped 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. Finally, Morgan Stanley lifted their price objective on shares of Ares Management from $136.00 to $162.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $166.36.

Hedge Funds Weigh In On Ares Management

Institutional investors have recently bought and sold shares of the business. Private Advisor Group LLC lifted its stake in shares of Ares Management by 6.9% in the first quarter. Private Advisor Group LLC now owns 2,618 shares of the asset manager’s stock valued at $348,000 after purchasing an additional 170 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Ares Management during the 1st quarter worth $522,000. Russell Investments Group Ltd. grew its stake in Ares Management by 23.4% in the first quarter. Russell Investments Group Ltd. now owns 45,754 shares of the asset manager’s stock valued at $6,086,000 after acquiring an additional 8,666 shares during the period. Avantax Advisory Services Inc. increased its stake in Ares Management by 15.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 3,109 shares of the asset manager’s stock worth $413,000 after acquiring an additional 415 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Ares Management in the 1st quarter valued at approximately $968,000. 50.03% of the stock is owned by hedge funds and other institutional investors.

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.