Ares Management Co. (NYSE:ARES) Insider Sells $5,078,912.34 in Stock

Ares Management Co. (NYSE:ARES) insider David B. Kaplan sold 28,887 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $175.82, for a total transaction of $5,078,912.34. Following the completion of the transaction, the insider now directly owns 87,461 shares in the company, valued at $15,377,393.02. This represents a 24.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ares Management Stock Performance

ARES stock opened at $178.81 on Wednesday. Ares Management Co. has a one year low of $107.69 and a one year high of $178.88. The firm has a market cap of $55.98 billion, a price-to-earnings ratio of 82.40, a PEG ratio of 1.91 and a beta of 1.20. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a 50-day simple moving average of $164.75 and a two-hundred day simple moving average of $149.78.

Ares Management (NYSE:ARES) last posted its earnings results on Friday, November 1st. The asset manager reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. Ares Management had a net margin of 12.51% and a return on equity of 19.89%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $833.58 million. During the same quarter in the prior year, the company posted $0.83 earnings per share. On average, equities analysts forecast that Ares Management Co. will post 4.06 EPS for the current fiscal year.

Ares Management Dividend Announcement

The firm also recently disclosed 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 2.08%. Ares Management’s payout ratio is 171.43%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ARES shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Ares Management from $146.00 to $150.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Barclays upped their target price on Ares Management from $155.00 to $174.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. TD Cowen raised their price target on Ares Management from $184.00 to $187.00 and gave the company a “buy” rating in a research note on Monday, November 4th. UBS Group upped their price objective on shares of Ares Management from $158.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Redburn Atlantic assumed coverage on shares of Ares Management in a research report on Tuesday, August 27th. They set a “neutral” rating and a $140.00 target price on the stock. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $166.36.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. MetLife Investment Management LLC boosted its holdings in Ares Management by 0.7% in the third quarter. MetLife Investment Management LLC now owns 11,538 shares of the asset manager’s stock worth $1,798,000 after acquiring an additional 76 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in shares of Ares Management by 1.4% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 6,392 shares of the asset manager’s stock valued at $1,070,000 after purchasing an additional 89 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in Ares Management by 3.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,560 shares of the asset manager’s stock worth $399,000 after purchasing an additional 95 shares in the last quarter. Morse Asset Management Inc grew its position in Ares Management by 0.7% during the 3rd quarter. Morse Asset Management Inc now owns 14,035 shares of the asset manager’s stock worth $2,187,000 after purchasing an additional 95 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in Ares Management by 21.0% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 559 shares of the asset manager’s stock valued at $87,000 after purchasing an additional 97 shares in the last quarter. 50.03% of the stock is owned by institutional investors and hedge funds.

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.