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 the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $175.18, for a total transaction of $3,210,874.22. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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 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 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 Stock Performance

NYSE:ARES opened at $170.09 on Friday. The stock’s 50-day simple moving average is $157.99 and its 200 day simple moving average is $146.61. Ares Management Co. has a twelve month low of $101.44 and a twelve month high of $175.74. 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 firm has a market capitalization of $53.24 billion, a PE ratio of 78.38, a price-to-earnings-growth ratio of 1.54 and a beta of 1.20.

Ares Management (NYSE:ARES) last issued its quarterly earnings data on Friday, November 1st. The asset manager reported $0.95 EPS for the quarter, beating the consensus estimate of $0.94 by $0.01. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate 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 in the prior year, the firm earned $0.83 EPS. On average, analysts anticipate that Ares Management Co. will post 4.1 EPS for the current fiscal year.

Ares Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a $0.93 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $3.72 annualized dividend and a yield of 2.19%. Ares Management’s dividend payout ratio is presently 171.43%.

Analyst Ratings Changes

ARES has been the subject of several analyst reports. TD Cowen lifted their price objective on shares of Ares Management from $184.00 to $187.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Barclays lifted their price target on shares of Ares Management from $155.00 to $174.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on Ares Management from $148.00 to $146.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. UBS Group upped their target price on Ares Management from $158.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. decreased their price target on Ares Management from $176.00 to $174.00 and set an “overweight” rating on the stock in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Ares Management presently has a consensus rating of “Moderate Buy” and an average target price of $166.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ARES. Chicago Partners Investment Group LLC grew its holdings in Ares Management by 1.4% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 6,392 shares of the asset manager’s stock worth $1,070,000 after acquiring an additional 89 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Ares Management by 3.9% in the third quarter. Sequoia Financial Advisors LLC now owns 2,560 shares of the asset manager’s stock worth $399,000 after purchasing an additional 95 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Ares Management by 21.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 559 shares of the asset manager’s stock valued at $87,000 after purchasing an additional 97 shares during the period. West Oak Capital LLC raised its position in 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 purchasing an additional 100 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in Ares Management by 10.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,073 shares of the asset manager’s stock worth $143,000 after buying an additional 105 shares during the period. Institutional investors and hedge funds own 50.03% of the company’s stock.

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.