Ares Management Co. (NYSE:ARES) Insider David B. Kaplan Sells 19,999 Shares of Stock

Ares Management Co. (NYSE:ARESGet Free Report) insider David B. Kaplan sold 19,999 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $132.92, for a total value of $2,658,267.08. Following the completion of the sale, the insider now directly owns 151,464 shares in the company, valued at $20,132,594.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ares Management Stock Down 2.0 %

ARES stock opened at $133.88 on Friday. The company has a market cap of $41.45 billion, a PE ratio of 56.02, a price-to-earnings-growth ratio of 1.00 and a beta of 1.18. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.69. Ares Management Co. has a twelve month low of $77.50 and a twelve month high of $139.48. The business’s 50-day simple moving average is $129.13 and its 200 day simple moving average is $115.84.

Ares Management (NYSE:ARESGet Free Report) last announced its quarterly earnings results on Thursday, February 8th. The asset manager reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.11. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $862.71 million. Ares Management had a net margin of 13.06% and a return on equity of 21.01%. During the same quarter last year, the company earned $1.21 earnings per share. On average, research analysts anticipate that Ares Management Co. will post 4.6 earnings per share for the current year.

Ares Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.93 per share. This is a boost from Ares Management’s previous quarterly dividend of $0.77. The ex-dividend date is Thursday, March 14th. This represents a $3.72 dividend on an annualized basis and a yield of 2.78%. Ares Management’s dividend payout ratio (DPR) is currently 155.65%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its stake in Ares Management by 4.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 38,769 shares of the asset manager’s stock worth $4,610,000 after purchasing an additional 1,772 shares during the period. Grayhawk Investment Strategies Inc. bought a new position in shares of Ares Management in the fourth quarter valued at approximately $1,100,000. Leo Wealth LLC bought a new position in shares of Ares Management in the fourth quarter valued at approximately $349,000. Vanguard Group Inc. raised its stake in shares of Ares Management by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 16,392,349 shares of the asset manager’s stock valued at $1,949,378,000 after acquiring an additional 631,334 shares during the last quarter. Finally, Creekmur Asset Management LLC bought a new position in shares of Ares Management in the fourth quarter valued at approximately $110,000. Institutional investors own 50.03% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company raised their price target on Ares Management from $112.00 to $126.00 and gave the company an “equal weight” rating in a research report on Friday, February 9th. Royal Bank of Canada raised their price target on Ares Management from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, February 12th. Morgan Stanley raised their price target on Ares Management from $109.00 to $118.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. JPMorgan Chase & Co. raised their price target on Ares Management from $119.00 to $141.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. Finally, Barclays lifted their target price on Ares Management from $146.00 to $157.00 and gave the stock an “overweight” rating in a research report on Monday, February 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Ares Management currently has a consensus rating of “Hold” and a consensus target price of $123.45.

View Our Latest Stock Report on Ares Management

Ares Management Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Ares Management (NYSE:ARES)

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