Ares Management Co. (NYSE:ARES) Insider Ryan Berry Sells 12,500 Shares

Ares Management Co. (NYSE:ARES) insider Ryan Berry sold 12,500 shares of Ares Management stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $154.40, for a total value of $1,930,000.00. Following the completion of the transaction, the insider now owns 376,702 shares in the company, valued at approximately $58,162,788.80. 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 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 value 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 shares were 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 shares were sold at an average price of $140.74, for a total value of $8,092,550.00.

Ares Management Price Performance

Shares of NYSE ARES opened at $156.60 on Friday. Ares Management Co. has a 1-year low of $96.00 and a 1-year high of $157.53. The firm has a market capitalization of $48.52 billion, a P/E ratio of 70.22, a P/E/G ratio of 1.33 and a beta of 1.21. The firm’s 50-day moving average price is $144.73 and its 200-day moving average price is $139.12. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.52.

Ares Management (NYSE:ARES) last announced its quarterly earnings data on Friday, August 2nd. The asset manager reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. Ares Management had a return on equity of 20.46% and a net margin of 12.53%. The firm had revenue of $788.68 million during the quarter, compared to analysts’ expectations of $860.09 million. During the same quarter last year, the firm posted $0.90 earnings per share. Equities research analysts anticipate that Ares Management Co. will post 4.15 earnings per share for the current fiscal year.

Ares Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a $0.93 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $3.72 annualized dividend and a yield of 2.38%. Ares Management’s payout ratio is 166.82%.

Wall Street Analyst Weigh In

ARES has been the subject of several recent research reports. Wells Fargo & Company began coverage on Ares Management in a research note on Thursday, September 12th. They issued an “equal weight” rating and a $156.00 price objective for the company. Barclays upped their price target on shares of Ares Management from $151.00 to $155.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. TD Cowen lifted their price target on shares of Ares Management from $158.00 to $162.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Redburn Atlantic initiated coverage on Ares Management in a research report on Tuesday, August 27th. They set a “neutral” rating and a $140.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Ares Management from $134.00 to $133.00 and set a “hold” rating for the company in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $141.42.

Institutional Trading of Ares Management

Several institutional investors and hedge funds have recently made changes to their positions in the company. Curated Wealth Partners LLC boosted its position in Ares Management by 199.7% in the second quarter. Curated Wealth Partners LLC now owns 1,658,217 shares of the asset manager’s stock worth $221,007,000 after purchasing an additional 3,321,434 shares during the last quarter. LRI Investments LLC bought a new stake in Ares Management in the first quarter worth about $264,729,000. Massachusetts Financial Services Co. MA grew its position in shares of Ares Management by 58.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,058,394 shares of the asset manager’s stock valued at $674,183,000 after acquiring an additional 1,867,933 shares during the period. Norges Bank purchased a new position in Ares Management in the fourth quarter valued at approximately $205,499,000. Finally, Lone Pine Capital LLC bought a new position in Ares Management during the second quarter valued at $209,884,000. Hedge funds and other institutional investors own 50.03% of the company’s stock.

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.