Ares Management (NYSE:ARES) Shares Unloaded Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently sold shares of Ares Management Co. NYSE: ARES. In a filing disclosed on April 11th, the Representative disclosed that they had sold between $15,001 and $50,000 in Ares Management stock on March 13th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Harley-Davidson NYSE: HOG on 3/31/2025.
• Purchased $50,001 - $100,000 in shares of Block NYSE: XYZ on 3/31/2025.
• Sold $15,001 - $50,000 in shares of DuPont de Nemours NYSE: DD on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of United Community Banks NASDAQ: UCB on 3/31/2025.
• Sold $15,001 - $50,000 in shares of IDEX NYSE: IEX on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of HNI NYSE: HNI on 3/31/2025.
• Sold $50,001 - $100,000 in shares of ServiceNow NYSE: NOW on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Coinbase Global NASDAQ: COIN on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Constellation Energy NASDAQ: CEG on 3/31/2025.
• Sold $50,001 - $100,000 in shares of Simon Property Group NYSE: SPG on 3/31/2025.

Ares Management Price Performance

NYSE ARES traded up $1.75 during trading hours on Friday, reaching $141.35. The company's stock had a trading volume of 1,209,962 shares, compared to its average volume of 1,383,772. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market cap of $44.58 billion, a PE ratio of 69.63, a PEG ratio of 1.28 and a beta of 1.32. The company's 50-day moving average is $152.94 and its two-hundred day moving average is $168.34. Ares Management Co. has a fifty-two week low of $110.63 and a fifty-two week high of $200.49.

Ares Management (NYSE:ARES - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The asset manager reported $1.23 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.12). Ares Management had a return on equity of 16.64% and a net margin of 11.35%. Analysts forecast that Ares Management Co. will post 5.28 EPS for the current year.

Ares Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.17%. The ex-dividend date was Monday, March 17th. This is an increase from Ares Management's previous quarterly dividend of $0.93. Ares Management's payout ratio is 183.25%.

Hedge Funds Weigh In On Ares Management

Hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. raised its position in Ares Management by 31.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,849,737 shares of the asset manager's stock worth $444,103,000 after purchasing an additional 678,549 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of Ares Management during the third quarter worth $460,000. Orion Portfolio Solutions LLC lifted its stake in shares of Ares Management by 12.6% during the third quarter. Orion Portfolio Solutions LLC now owns 11,146 shares of the asset manager's stock valued at $1,737,000 after acquiring an additional 1,249 shares during the period. MML Investors Services LLC boosted its holdings in Ares Management by 15.6% in the third quarter. MML Investors Services LLC now owns 46,999 shares of the asset manager's stock valued at $7,324,000 after acquiring an additional 6,358 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Ares Management in the third quarter worth about $1,225,000. Institutional investors own 50.03% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ARES shares. Morgan Stanley decreased their price target on shares of Ares Management from $197.00 to $152.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Bank of America decreased their price objective on shares of Ares Management from $221.00 to $201.00 and set a "buy" rating for the company in a report on Friday, April 4th. Oppenheimer upgraded Ares Management from a "market perform" rating to an "outperform" rating and set a $159.00 price target for the company in a research note on Wednesday. Barclays reduced their target price on Ares Management from $217.00 to $142.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Finally, StockNews.com downgraded shares of Ares Management from a "hold" rating to a "sell" rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $165.00.

Insiders Place Their Bets

In other Ares Management news, CEO Michael J. Arougheti sold 110,845 shares of the company's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $153.17, for a total value of $16,978,128.65. Following the completion of the sale, the chief executive officer now owns 1,400,000 shares of the company's stock, valued at approximately $214,438,000. This represents a 7.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ashish Bhutani acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $141.33 per share, with a total value of $1,413,300.00. Following the transaction, the director now owns 22,905 shares in the company, valued at $3,237,163.65. This represents a 77.49 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders sold 329,113 shares of company stock valued at $54,409,915. 1.20% of the stock is currently owned by insiders.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.