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 business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $175.00, for a total value of $292,425.00. Following the completion of the sale, the insider now owns 253,214 shares of the company’s stock, valued at approximately $44,312,450. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• 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 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.
• On Monday, September 9th, Ryan Berry sold 10,000 shares of Ares Management stock. The shares were 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 Price Performance

ARES stock opened at $170.46 on Wednesday. Ares Management Co. has a 1 year low of $101.44 and a 1 year high of $175.74. The stock has a market capitalization of $53.35 billion, a PE ratio of 78.55, a price-to-earnings-growth ratio of 1.87 and a beta of 1.20. The company’s 50-day moving average is $158.49 and its 200-day moving average is $147.02. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.05 and a quick ratio of 1.05.

Ares Management (NYSE:ARES) last announced its quarterly earnings data on Friday, November 1st. The asset manager reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. Ares Management had a return on equity of 20.51% and a net margin of 12.51%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $833.58 million. During the same quarter last year, the firm posted $0.83 earnings per share. Equities research analysts expect that Ares Management Co. will post 4.07 EPS for the current fiscal year.

Ares Management Dividend Announcement

The firm 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 is Tuesday, December 17th. This represents a $3.72 dividend on an annualized basis and a yield of 2.18%. Ares Management’s dividend payout ratio (DPR) is presently 171.43%.

Analyst Upgrades and Downgrades

ARES has been the topic of several research reports. The Goldman Sachs Group lifted their price target on shares of Ares Management from $145.00 to $160.00 and gave the company a “buy” rating in a report on Monday, September 30th. 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 report on Monday. Barclays raised their price objective on Ares Management from $155.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Royal Bank of Canada upped their price target on shares of Ares Management from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Ares Management from $176.00 to $174.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Ares Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.36.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. EP Wealth Advisors LLC increased its position in shares of Ares Management by 32.5% during the first quarter. EP Wealth Advisors LLC now owns 20,345 shares of the asset manager’s stock worth $2,705,000 after acquiring an additional 4,996 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Ares Management by 24.6% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 192,634 shares of the asset manager’s stock valued at $25,674,000 after purchasing an additional 38,047 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Ares Management during the first quarter valued at approximately $968,000. Cetera Investment Advisers boosted its position in shares of Ares Management by 45.9% during 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 during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Ares Management during the first quarter worth $522,000. 50.03% of the stock is owned by institutional investors.

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.