Ares Management Co. (NYSE:ARES) Insider Sells $5,404,588.80 in Stock

Ares Management Co. (NYSE:ARES) insider David B. Kaplan sold 30,680 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $176.16, for a total value of $5,404,588.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Ares Management Price Performance

Shares of NYSE:ARES opened at $176.93 on Thursday. Ares Management Co. has a one year low of $107.69 and a one year high of $180.38. The stock has a fifty day moving average of $167.05 and a 200-day moving average of $151.01. The company has a market capitalization of $55.39 billion, a PE ratio of 81.53, a price-to-earnings-growth ratio of 1.89 and a beta of 1.19. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.05 and a current ratio of 1.05.

Ares Management (NYSE:ARES) last announced its quarterly earnings data 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 return on equity of 19.89% and a net margin of 12.51%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $833.58 million. During the same quarter in the prior year, the firm earned $0.83 EPS. As a group, equities analysts anticipate that Ares Management Co. will post 4.06 EPS for the current fiscal year.

Ares Management Dividend Announcement

The business 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 dividend of $0.93 per share. The ex-dividend date is Tuesday, December 17th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.10%. Ares Management’s dividend payout ratio (DPR) is presently 171.43%.

Institutional Investors Weigh In On Ares Management

A number of institutional investors and hedge funds have recently modified their holdings of ARES. Point72 DIFC Ltd acquired a new stake in Ares Management during the 3rd quarter valued at $36,000. Eastern Bank acquired a new stake in Ares Management during the 3rd quarter valued at $39,000. West Oak Capital LLC raised its stake in Ares Management by 40.0% during the 2nd quarter. West Oak Capital LLC now owns 350 shares of the asset manager’s stock valued at $47,000 after purchasing an additional 100 shares during the period. Key Financial Inc acquired a new stake in Ares Management during the 2nd quarter valued at $53,000. Finally, Industrial Alliance Investment Management Inc. raised its stake in Ares Management by 80.4% during the 2nd quarter. Industrial Alliance Investment Management Inc. now owns 451 shares of the asset manager’s stock valued at $60,000 after purchasing an additional 201 shares during the period. Institutional investors and hedge funds own 50.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ARES shares. TD Cowen increased their price objective on Ares Management from $184.00 to $187.00 and gave the stock a “buy” rating in a report on Monday, November 4th. StockNews.com raised Ares Management from a “sell” rating to a “hold” rating in a report on Tuesday. The Goldman Sachs Group increased their price objective on Ares Management from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Royal Bank of Canada increased their price objective on Ares Management from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Ares Management from $146.00 to $150.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Seven 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 company presently has an average rating of “Hold” and an average target price of $166.36.

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.