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

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

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

• On Monday, December 9th, Ryan Berry sold 5,443 shares of Ares Management stock. The shares were 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 value of $292,425.00.
• On Wednesday, November 6th, Ryan Berry sold 18,329 shares of Ares Management stock. The stock was 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 shares were 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 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 Trading Down 0.2 %

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 business has a 50 day moving average price of $170.12 and a 200-day moving average price of $152.69. 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 cap 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 released 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 firm had revenue of $1.13 billion for 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 quarter in the prior year, the company posted $0.83 earnings per share. As a group, equities analysts expect that Ares Management Co. will post 4.06 earnings per share 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. Shareholders 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 dividend on an annualized basis and a yield of 2.04%. Ares Management’s dividend payout ratio (DPR) is currently 171.43%.

Institutional Trading of Ares Management

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on ARES. JPMorgan Chase & Co. lowered their price objective on Ares Management from $176.00 to $174.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Morgan Stanley boosted their price target on shares of Ares Management from $136.00 to $162.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Wells Fargo & Company upgraded shares of Ares Management from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $176.00 to $212.00 in a research report on Thursday. Barclays boosted 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. Finally, TD Cowen increased their price target on Ares Management from $184.00 to $187.00 and gave the stock a “buy” rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $169.64.

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.