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 stock in a transaction on Monday, November 11th. The stock was sold at an average price of $175.00, for a total value of $292,425.00. Following the sale, the insider now owns 253,214 shares in the company, valued at $44,312,450. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 value 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 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.
• 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 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 shares were sold at an average price of $140.74, for a total value of $8,092,550.00.

Ares Management Stock Down 1.9 %

Shares of Ares Management stock opened at $167.34 on Thursday. The business’s 50 day simple moving average is $159.06 and its 200 day simple moving average is $147.28. Ares Management Co. has a 52-week low of $101.44 and a 52-week high of $175.74. The firm has a market cap of $52.38 billion, a PE ratio of 77.12, a P/E/G ratio of 1.87 and a beta of 1.20. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.05 and a current ratio of 1.05.

Ares Management (NYSE:ARES) last announced its earnings results on Friday, November 1st. The asset manager reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $833.58 million. Ares Management had a return on equity of 19.89% and a net margin of 12.51%. During the same quarter last year, the firm earned $0.83 EPS. On average, analysts predict that Ares Management Co. will post 4.07 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 Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Tuesday, December 17th. Ares Management’s dividend payout ratio (DPR) is 171.43%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Eastern Bank acquired a new position in shares of Ares Management during the 3rd quarter worth approximately $39,000. J.Safra Asset Management Corp increased its position in shares of Ares Management by 717.6% during the 1st quarter. J.Safra Asset Management Corp now owns 278 shares of the asset manager’s stock worth $37,000 after purchasing an additional 244 shares during the last quarter. West Oak Capital LLC increased its position in shares of Ares Management by 40.0% during the 2nd 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 acquired a new position in shares of Ares Management during the 2nd quarter worth approximately $53,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Ares Management during the 1st quarter worth approximately $54,000. Institutional investors and hedge funds own 50.03% of the company’s stock.

Wall Street Analyst Weigh In

ARES has been the topic of a number of recent analyst reports. TD Cowen raised their target price on Ares Management from $184.00 to $187.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Redburn Atlantic began coverage on Ares Management in a report on Tuesday, August 27th. They set a “neutral” rating and a $140.00 target price on the stock. Wells Fargo & Company raised their price target on Ares Management from $172.00 to $176.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Barclays raised their price target on Ares Management from $155.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Finally, Morgan Stanley raised their price target on Ares Management from $136.00 to $162.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $166.36.

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.