Ares Management Co. (NYSE:ARES) Insider Ryan Berry Sells 18,329 Shares

Ares Management Co. (NYSE:ARES - Get Free Report) insider Ryan Berry sold 18,329 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $175.18, for a total transaction of $3,210,874.22. Following the transaction, the insider now owns 254,885 shares of the company's stock, valued at approximately $44,650,754.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 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.
• 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 transaction 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 Trading Up 1.1 %

Ares Management stock traded up $1.82 during trading hours on Friday, reaching $170.09. The stock had a trading volume of 1,118,569 shares, compared to its average volume of 1,161,267. The company has a fifty day simple moving average of $157.99 and a 200-day simple moving average of $146.61. The stock has a market cap of $53.24 billion, a PE ratio of 78.38, a PEG ratio of 1.54 and a beta of 1.20. 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 Co. has a 52 week low of $101.44 and a 52 week high of $175.74.

Ares Management (NYSE:ARES - Get Free Report) last issued its quarterly earnings results 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. Ares Management had a return on equity of 20.51% and a net margin of 12.51%. The company had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $833.58 million. During the same period in the prior year, the firm earned $0.83 earnings per share. Analysts forecast that Ares Management Co. will post 4.1 EPS for the current fiscal year.

Ares Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Tuesday, December 17th. Ares Management's dividend payout ratio (DPR) is 171.43%.

Institutional Investors Weigh In On Ares Management

A number of institutional investors have recently made changes to their positions in ARES. J.Safra Asset Management Corp increased its holdings in Ares Management by 717.6% in the 1st quarter. J.Safra Asset Management Corp now owns 278 shares of the asset manager's stock worth $37,000 after acquiring an additional 244 shares in the last quarter. Eastern Bank purchased a new position in shares of Ares Management during the 3rd quarter worth about $39,000. West Oak Capital LLC lifted its stake in Ares Management by 40.0% in the second quarter. West Oak Capital LLC now owns 350 shares of the asset manager's stock worth $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 second quarter valued at approximately $53,000. Finally, EntryPoint Capital LLC bought a new position in shares of Ares Management during the first quarter valued at approximately $54,000. Hedge funds and other institutional investors own 50.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ARES shares. The Goldman Sachs Group boosted their target price on shares of Ares Management from $145.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. Deutsche Bank Aktiengesellschaft dropped their price objective on Ares Management from $148.00 to $146.00 and set a "hold" rating on the stock in a research note on Monday. UBS Group increased their target price on shares of Ares Management from $158.00 to $195.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Royal Bank of Canada raised their price objective on shares of Ares Management from $170.00 to $185.00 and gave the stock an "outperform" rating in a report on Monday. Finally, JPMorgan Chase & Co. decreased their target price on shares of Ares Management from $176.00 to $174.00 and set an "overweight" rating on the stock in a report on Tuesday. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Ares Management has an average rating of "Moderate Buy" and an average price target of $166.00.

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.

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