Ares Management Co. (NYSE:ARES) Insider Ryan Berry Sells 18,329 Shares

Ares Management Co. (NYSE:ARES) insider Ryan Berry sold 18,329 shares of Ares Management stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $175.18, for a total value of $3,210,874.22. Following the completion of the transaction, the insider now owns 254,885 shares in the company, valued at $44,650,754.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Thursday, October 17th, Ryan Berry sold 40,000 shares of Ares Management stock. The stock was 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 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 stock was 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 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 transaction of $8,092,550.00.

Ares Management Stock Up 1.1 %

Shares of Ares Management stock traded up $1.82 on Friday, reaching $170.09. 1,118,569 shares of the company were exchanged, compared to its average volume of 1,161,267. The stock’s 50 day moving average price is $157.99 and its 200-day moving average price is $146.61. The company has a market cap of $53.24 billion, a P/E ratio of 78.38, a price-to-earnings-growth ratio of 1.54 and a beta of 1.20. Ares Management Co. has a 1-year low of $101.44 and a 1-year high of $175.74. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.05 and a quick ratio of 1.05.

Ares Management (NYSE:ARES) last announced its quarterly earnings data on Friday, November 1st. The asset manager reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $833.58 million. Ares Management had a net margin of 12.51% and a return on equity of 20.51%. During the same period last year, the business earned $0.83 EPS. As a group, equities analysts forecast that Ares Management Co. will post 4.1 EPS for the current year.

Ares Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Tuesday, December 17th. Ares Management’s dividend payout ratio (DPR) is 171.43%.

Wall Street Analyst Weigh In

ARES has been the topic of several recent analyst reports. The Goldman Sachs Group increased their price objective on shares of 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 dropped their price target on shares of Ares Management from $148.00 to $146.00 and set a “hold” rating for the company in a research note on Monday. TD Cowen increased their target price on shares of Ares Management from $184.00 to $187.00 and gave the stock a “buy” rating in a research note on Monday. Royal Bank of Canada boosted their price target on shares of Ares Management from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Wells Fargo & Company increased their price objective on shares of Ares Management from $172.00 to $176.00 and gave the stock an “equal weight” rating in a research report on Monday. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $166.00.

Hedge Funds Weigh In On Ares Management

Hedge funds have recently added to or reduced their stakes in the stock. Norden Group LLC boosted its position in shares of Ares Management by 47.0% in the 1st quarter. Norden Group LLC now owns 3,702 shares of the asset manager’s stock valued at $492,000 after purchasing an additional 1,183 shares during the period. Private Advisor Group LLC increased its holdings in shares of Ares Management by 6.9% in the 1st quarter. Private Advisor Group LLC now owns 2,618 shares of the asset manager’s stock valued at $348,000 after acquiring an additional 170 shares during the period. Nordea Investment Management AB raised its position in Ares Management by 13.8% in the 1st quarter. Nordea Investment Management AB now owns 12,492 shares of the asset manager’s stock valued at $1,666,000 after purchasing an additional 1,519 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Ares Management during the 1st quarter worth $522,000. Finally, Quantbot Technologies LP grew its position in Ares Management by 127.7% during the 1st quarter. Quantbot Technologies LP now owns 15,868 shares of the asset manager’s stock worth $2,110,000 after purchasing an additional 8,900 shares during the last quarter. 50.03% of the stock is currently owned by hedge funds and other 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.