Ares Management Co. (NYSE:ARES) Insider Ryan Berry Sells 5,443 Shares

Ares Management Co. (NYSE:ARES) insider Ryan Berry sold 5,443 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $180.14, for a total value of $980,502.02. Following the sale, the insider now directly owns 247,771 shares in the company, valued at $44,633,467.94. This represents a 2.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, November 11th, Ryan Berry sold 1,671 shares of Ares Management stock. The shares were sold at an average price of $175.00, for a total value of $292,425.00.
• On Wednesday, November 6th, Ryan Berry sold 18,329 shares of Ares Management stock. The shares were sold at an average price of $175.18, for a total value of $3,210,874.22.
• 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 transaction of $6,719,600.00.
• On Friday, October 4th, Ryan Berry sold 20,000 shares of Ares Management stock. The stock was 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 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 value 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.

Ares Management Stock Performance

Shares of ARES stock opened at $176.07 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.05 and a quick ratio of 1.05. Ares Management Co. has a one year low of $110.41 and a one year high of $180.38. The business’s 50 day simple moving average is $168.29 and its 200 day simple moving average is $151.74. The stock has a market capitalization of $55.12 billion, a PE ratio of 81.14, a PEG ratio of 1.94 and a beta of 1.19.

Ares Management (NYSE:ARES) last posted its quarterly earnings data on Friday, November 1st. The asset manager reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.01. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $833.58 million. Ares Management had a net margin of 12.51% and a return on equity of 19.89%. During the same period in the prior year, the company posted $0.83 earnings per share. As a group, research analysts forecast that Ares Management Co. will post 4.06 earnings per share for the current year.

Ares Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Tuesday, December 17th. Ares Management’s dividend payout ratio is 171.43%.

Institutional Investors Weigh In On Ares Management

Large investors have recently added to or reduced their stakes in the business. 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 worth $674,183,000 after buying an additional 1,867,933 shares during the period. Lone Pine Capital LLC bought a new stake in Ares Management in the second quarter valued at $209,884,000. Millennium Management LLC raised its holdings in shares of Ares Management by 722.6% during the second quarter. Millennium Management LLC now owns 1,738,148 shares of the asset manager’s stock valued at $231,660,000 after purchasing an additional 1,526,856 shares during the period. LRI Investments LLC boosted its position in shares of Ares Management by 49.4% during the 2nd quarter. LRI Investments LLC now owns 2,822,565 shares of the asset manager’s stock worth $376,191,000 after purchasing an additional 933,664 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Ares Management by 31.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,849,737 shares of the asset manager’s stock valued at $444,103,000 after buying an additional 678,549 shares during the period. Institutional investors and hedge funds own 50.03% of the company’s stock.

Wall Street Analyst Weigh In

ARES has been the subject of a number of research reports. StockNews.com cut shares of Ares Management from a “hold” rating to a “sell” rating in a report on Wednesday. Morgan Stanley boosted their target price on shares of Ares Management from $136.00 to $162.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Barclays increased their price target on Ares Management from $155.00 to $174.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. The Goldman Sachs Group boosted their price objective on Ares Management from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Finally, Wells Fargo & Company lifted their price target on Ares Management from $172.00 to $176.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $166.36.

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.