Ryan Berry Sells 12,500 Shares of Ares Management Co. (NYSE:ARES) Stock

Ares Management Co. (NYSE:ARES) insider Ryan Berry sold 12,500 shares of Ares Management stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $154.40, for a total value of $1,930,000.00. Following the completion of the sale, the insider now directly owns 376,702 shares in the company, valued at approximately $58,162,788.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• 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 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.
• 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 stock was sold at an average price of $140.74, for a total value of $8,092,550.00.

Ares Management Trading Up 0.1 %

ARES opened at $156.66 on Friday. The firm has a market cap of $48.54 billion, a price-to-earnings ratio of 70.25, a PEG ratio of 1.33 and a beta of 1.21. 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 $157.53. The stock has a fifty day moving average price of $145.02 and a 200-day moving average price of $139.27.

Ares Management (NYSE:ARES) last released its quarterly earnings results on Friday, August 2nd. The asset manager reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01. The firm had revenue of $788.68 million during the quarter, compared to analyst estimates of $860.09 million. Ares Management had a return on equity of 20.46% and a net margin of 12.53%. During the same period in the previous year, the company posted $0.90 EPS. As a group, equities research analysts anticipate that Ares Management Co. will post 4.15 earnings per share for the current fiscal year.

Ares Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Monday, September 16th. Ares Management’s payout ratio is 166.82%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Compass Wealth Management LLC bought a new position in shares of Ares Management in the 1st quarter worth $28,000. Riverview Trust Co acquired a new position in Ares Management during the 1st quarter valued at about $29,000. West Oak Capital LLC increased its position in Ares Management by 66.7% during the 1st quarter. West Oak Capital LLC now owns 250 shares of the asset manager’s stock valued at $33,000 after buying an additional 100 shares in the last quarter. TFO Wealth Partners LLC increased its position in Ares Management by 29,200.0% during the 4th quarter. TFO Wealth Partners LLC now owns 293 shares of the asset manager’s stock valued at $35,000 after buying an additional 292 shares in the last quarter. Finally, J.Safra Asset Management Corp increased its position in Ares Management by 717.6% during the 1st quarter. J.Safra Asset Management Corp now owns 278 shares of the asset manager’s stock valued at $37,000 after buying an additional 244 shares in the last quarter. 50.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ARES. Redburn Atlantic began coverage on Ares Management in a report on Tuesday, August 27th. They issued a “neutral” rating and a $140.00 target price for the company. TD Cowen boosted their price objective on Ares Management from $158.00 to $162.00 and gave the company a “buy” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft dropped their price objective on Ares Management from $134.00 to $133.00 and set a “hold” rating for the company in a report on Thursday, August 15th. UBS Group dropped their price objective on Ares Management from $160.00 to $158.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Finally, Wells Fargo & Company assumed coverage on Ares Management in a report on Thursday, September 12th. They set an “equal weight” rating and a $156.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $141.42.

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.