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 the stock in a transaction that occurred on 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 transaction, the insider now owns 304,202 shares in the company, valued at $51,102,893.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Ryan Berry also recently made the following trade(s):

• 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 value 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 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 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 value of $8,092,550.00.

Ares Management Stock Performance

Shares of ARES opened at $167.31 on Thursday. Ares Management Co. has a 52 week low of $96.00 and a 52 week high of $171.76. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.52. The stock has a market cap of $51.84 billion, a P/E ratio of 75.03, a P/E/G ratio of 1.48 and a beta of 1.22. The business’s 50 day moving average price is $152.56 and its 200-day moving average price is $143.69.

Ares Management (NYSE:ARES) last released its earnings results on Friday, August 2nd. The asset manager reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01. Ares Management had a return on equity of 20.46% and a net margin of 12.53%. The business had revenue of $788.68 million for the quarter, compared to the consensus estimate of $860.09 million. During the same period in the previous year, the company posted $0.90 earnings per share. Equities research analysts anticipate that Ares Management Co. will post 4.16 earnings per share for the current fiscal year.

Ares Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a dividend of $0.93 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $3.72 dividend on an annualized basis and a yield of 2.22%. Ares Management’s dividend payout ratio is currently 166.82%.

Analysts Set New Price Targets

A number of brokerages recently commented on ARES. The Goldman Sachs Group raised their price target on Ares Management from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Royal Bank of Canada lifted their target price on shares of Ares Management from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, October 11th. Wells Fargo & Company increased their price target on shares of Ares Management from $156.00 to $172.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. lifted their price objective on Ares Management from $141.00 to $143.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Finally, Morgan Stanley increased their target price on 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 issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $159.18.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ARES. Riverview Trust Co purchased a new position in shares of Ares Management in the first quarter worth $29,000. West Oak Capital LLC boosted its position in shares of Ares Management by 66.7% during the first quarter. West Oak Capital LLC now owns 250 shares of the asset manager’s stock valued at $33,000 after buying an additional 100 shares during the last quarter. Eastern Bank bought a new stake in Ares Management in the 3rd quarter worth about $39,000. J.Safra Asset Management Corp raised its position 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 worth $37,000 after buying an additional 244 shares during the last quarter. Finally, Key Financial Inc bought a new position in Ares Management during the 2nd quarter valued at about $53,000. 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.