Ryan Berry Sells 40,000 Shares of Ares Management Co. (NYSE:ARES) Stock

Ares Management Co. (NYSE:ARES) insider Ryan Berry sold 40,000 shares of the firm’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $167.99, for a total value of $6,719,600.00. Following the transaction, the insider now owns 304,202 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 transaction 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 Trading Down 0.7 %

Shares of NYSE:ARES traded down $1.25 during trading on Monday, reaching $168.64. The company’s stock had a trading volume of 888,049 shares, compared to its average volume of 1,148,109. The firm’s 50 day simple moving average is $151.00 and its two-hundred day simple moving average is $143.03. 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 Co. has a 12 month low of $96.00 and a 12 month high of $171.76. The stock has a market capitalization of $52.25 billion, a PE ratio of 76.18, a price-to-earnings-growth ratio of 1.48 and a beta of 1.22.

Ares Management (NYSE:ARES) last announced its earnings results on Friday, August 2nd. The asset manager reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The firm had revenue of $788.68 million during the quarter, compared to analysts’ expectations of $860.09 million. Ares Management had a return on equity of 20.46% and a net margin of 12.53%. During the same quarter in the previous year, the business earned $0.90 EPS. On average, research analysts predict that Ares Management Co. will post 4.16 EPS for the current fiscal year.

Ares Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Monday, September 16th. Ares Management’s dividend payout ratio (DPR) is 166.82%.

Analysts Set New Price Targets

A number of analysts have commented on ARES shares. Barclays upped their target price on shares of Ares Management from $155.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Deutsche Bank Aktiengesellschaft decreased their target price on Ares Management from $134.00 to $133.00 and set a “hold” rating on the stock in a report on Thursday, August 15th. Royal Bank of Canada raised their price objective on Ares Management from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, October 11th. Wells Fargo & Company boosted their price objective on Ares Management from $156.00 to $172.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group increased their target price on shares of Ares Management from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ares Management currently has an average rating of “Moderate Buy” and a consensus target price of $155.82.

Institutional Investors Weigh In On Ares Management

Several institutional investors have recently made changes to their positions in ARES. Vanguard Group Inc. boosted its holdings in Ares Management by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 16,599,345 shares of the asset manager’s stock valued at $2,207,381,000 after acquiring an additional 206,996 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Ares Management by 58.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 5,058,394 shares of the asset manager’s stock valued at $674,183,000 after purchasing an additional 1,867,933 shares during the period. LRI Investments LLC boosted its stake in shares of Ares Management by 49.4% during the second quarter. LRI Investments LLC now owns 2,822,565 shares of the asset manager’s stock valued at $376,191,000 after purchasing an additional 933,664 shares during the period. American Century Companies Inc. boosted its stake in shares of Ares Management by 24.4% during the second quarter. American Century Companies Inc. now owns 2,316,584 shares of the asset manager’s stock valued at $308,754,000 after purchasing an additional 453,657 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Ares Management by 38.5% during the second quarter. Principal Financial Group Inc. now owns 2,171,188 shares of the asset manager’s stock valued at $289,376,000 after purchasing an additional 603,676 shares during the period. Institutional investors 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.