Ryan Berry Sells 1,671 Shares of Ares Management Co. (NYSE:ARES) Stock

Ares Management Co. (NYSE:ARES) insider Ryan Berry sold 1,671 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $175.00, for a total value of $292,425.00. Following the transaction, the insider now directly owns 253,214 shares in the company, valued at $44,312,450. This represents a 0.66 % decrease in their ownership of the stock. 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 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 stock was 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 stock was 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 shares were 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 stock was 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 shares were sold at an average price of $140.74, for a total value of $8,092,550.00.

Ares Management Price Performance

ARES stock opened at $168.94 on Friday. Ares Management Co. has a 52-week low of $101.44 and a 52-week 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 0.53. The company has a market capitalization of $52.88 billion, a PE ratio of 77.85, a P/E/G ratio of 1.87 and a beta of 1.20. The stock’s 50 day moving average is $159.59 and its two-hundred day moving average is $147.42.

Ares Management (NYSE:ARES) last issued its quarterly earnings results on Friday, November 1st. The asset manager reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. The company 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 19.89%. During the same period in the prior year, the company earned $0.83 EPS. Analysts predict that Ares Management Co. will post 4.07 earnings per share for the current fiscal year.

Ares Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a dividend of $0.93 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $3.72 annualized dividend and a yield of 2.20%. Ares Management’s dividend payout ratio is 171.43%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ARES shares. Wells Fargo & Company boosted their target price on shares of Ares Management from $172.00 to $176.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Redburn Atlantic assumed coverage on Ares Management in a report on Tuesday, August 27th. They issued a “neutral” rating and a $140.00 price target for the company. Royal Bank of Canada increased their price target on Ares Management from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. The Goldman Sachs Group boosted their price objective on Ares Management from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Ares Management from $146.00 to $150.00 and gave the stock a “hold” rating in a research report on Monday. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ares Management has a consensus rating of “Moderate Buy” and an average target price of $166.36.

Institutional Investors Weigh In On Ares Management

Institutional investors and hedge funds have recently made changes to their positions in the company. EP Wealth Advisors LLC raised its stake in shares of Ares Management by 32.5% in the 1st quarter. EP Wealth Advisors LLC now owns 20,345 shares of the asset manager’s stock valued at $2,705,000 after purchasing an additional 4,996 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in Ares Management by 24.6% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 192,634 shares of the asset manager’s stock worth $25,674,000 after purchasing an additional 38,047 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Ares Management in the first quarter valued at about $968,000. Cetera Investment Advisers raised its position in shares of Ares Management by 45.9% in the first quarter. Cetera Investment Advisers now owns 82,717 shares of the asset manager’s stock valued at $11,000,000 after buying an additional 26,012 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Ares Management during the 1st quarter valued at $522,000. 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.