Ares Management Co. (NYSE:ARES) Insider Ryan Berry Sells 14,357 Shares

Ares Management Co. (NYSE:ARES) insider Ryan Berry sold 14,357 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $180.16, for a total value of $2,586,557.12. Following the completion of the transaction, the insider now directly owns 233,214 shares in the company, valued at approximately $42,015,834.24. This represents a 5.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, December 9th, Ryan Berry sold 5,443 shares of Ares Management stock. The stock was sold at an average price of $180.14, for a total value of $980,502.02.
• On Monday, November 11th, Ryan Berry sold 1,671 shares of Ares Management stock. The stock was sold at an average price of $175.00, for a total transaction 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 transaction 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 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 stock was 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 value of $1,855,250.00.

Ares Management Price Performance

NYSE:ARES opened at $182.45 on Friday. Ares Management Co. has a 52-week low of $112.83 and a 52-week high of $185.06. The stock has a fifty day moving average of $170.12 and a 200 day moving average of $152.69. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $57.12 billion, a price-to-earnings ratio of 84.08, a P/E/G ratio of 1.99 and a beta of 1.19.

Ares Management (NYSE:ARES) last issued its quarterly earnings results on Friday, November 1st. The asset manager reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $833.58 million. Ares Management had a return on equity of 19.89% and a net margin of 12.51%. During the same quarter last year, the company posted $0.83 EPS. On average, research analysts expect that Ares Management Co. will post 4.06 EPS for the current fiscal year.

Ares Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Tuesday, December 17th. Ares Management’s payout ratio is 171.43%.

Analysts Set New Price Targets

Several research firms have commented on ARES. Royal Bank of Canada upped their price objective on shares of Ares Management from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, November 4th. StockNews.com cut shares of Ares Management from a “hold” rating to a “sell” rating in a research note on Wednesday. Morgan Stanley raised their price objective on shares of Ares Management from $136.00 to $162.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Wells Fargo & Company upgraded Ares Management from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $176.00 to $212.00 in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Ares Management from $146.00 to $150.00 and gave the stock a “hold” rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $169.64.

Institutional Trading of Ares Management

Institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 DIFC Ltd bought a new position in Ares Management in the third quarter valued at $36,000. Eastern Bank purchased a new position in shares of Ares Management in the 3rd quarter worth about $39,000. West Oak Capital LLC increased its position in shares of 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 last quarter. Key Financial Inc purchased a new position in shares of Ares Management during the 2nd quarter valued at about $53,000. Finally, Industrial Alliance Investment Management Inc. lifted its position in Ares Management by 80.4% in the 2nd quarter. Industrial Alliance Investment Management Inc. now owns 451 shares of the asset manager’s stock worth $60,000 after buying an additional 201 shares during the last quarter. Hedge funds and other 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.