Ares Management Co. (NYSE:ARES) Insider Ryan Berry 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 dated Monday, November 11th. The shares were sold at an average price of $175.00, for a total value of $292,425.00. Following the completion of the sale, the insider now owns 253,214 shares of the company’s stock, valued at $44,312,450. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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 value 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 transaction of $6,719,600.00.
• On Friday, October 4th, Ryan Berry sold 20,000 shares of Ares Management stock. The shares were 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 stock was sold at an average price of $154.40, for a total transaction 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 transaction 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 value of $8,092,550.00.

Ares Management Trading Down 0.5 %

Shares of Ares Management stock opened at $170.46 on Wednesday. The stock has a market cap of $53.35 billion, a P/E ratio of 78.55, a P/E/G ratio of 1.87 and a beta of 1.20. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.52. Ares Management Co. has a 12-month low of $101.44 and a 12-month high of $175.74. The business’s 50 day moving average is $158.49 and its 200-day moving average is $147.02.

Ares Management (NYSE:ARES) last announced its quarterly 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. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $833.58 million. Ares Management had a net margin of 12.51% and a return on equity of 20.51%. During the same quarter last year, the company posted $0.83 earnings per share. Equities research analysts predict that Ares Management Co. will post 4.07 earnings per share for the current fiscal year.

Ares Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a $0.93 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $3.72 annualized dividend and a yield of 2.18%. Ares Management’s dividend payout ratio is 171.43%.

Analysts Set New Price Targets

A number of analysts recently issued reports on ARES shares. Deutsche Bank Aktiengesellschaft increased their target price on Ares Management from $146.00 to $150.00 and gave the stock a “hold” rating in a research note on Monday. Royal Bank of Canada raised their price objective on shares of Ares Management from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. UBS Group upped their target price 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. Wells Fargo & Company lifted their price target on Ares Management from $172.00 to $176.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Finally, Redburn Atlantic started coverage on Ares Management in a research report on Tuesday, August 27th. They set a “neutral” rating and a $140.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $166.36.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. J.Safra Asset Management Corp raised its stake in Ares Management by 717.6% in the 1st quarter. J.Safra Asset Management Corp now owns 278 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 244 shares during the period. Eastern Bank acquired a new stake in shares of Ares Management during the 3rd quarter worth about $39,000. West Oak Capital LLC boosted its holdings in shares of Ares Management by 40.0% during the 2nd quarter. West Oak Capital LLC now owns 350 shares of the asset manager’s stock worth $47,000 after buying an additional 100 shares during the period. Key Financial Inc acquired a new position in Ares Management in the 2nd quarter valued at about $53,000. Finally, EntryPoint Capital LLC bought a new position in Ares Management in the 1st quarter valued at about $54,000. 50.03% of the stock is currently owned by institutional investors.

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.