Ares Management Co. (NYSE:ARES) Insider David B. Kaplan Sells 26,518 Shares

Ares Management Co. (NYSE:ARES) insider David B. Kaplan sold 26,518 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $171.18, for a total value of $4,539,351.24. Following the sale, the insider now owns 167,891 shares of the company’s stock, valued at approximately $28,739,581.38. This represents a 13.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Ares Management Price Performance

Ares Management stock opened at $175.52 on Friday. The stock’s 50 day moving average is $163.69 and its 200 day moving average is $149.21. Ares Management Co. has a one year low of $107.69 and a one year high of $176.83. The firm has a market cap of $54.95 billion, a P/E ratio of 80.88, a P/E/G ratio of 1.91 and a beta of 1.20. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.05 and a quick ratio of 1.05.

Ares Management (NYSE:ARES) last released its quarterly earnings results on Friday, November 1st. The asset manager reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.01. Ares Management had a net margin of 12.51% and a return on equity of 19.89%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $833.58 million. During the same quarter last year, the business earned $0.83 EPS. As a group, research analysts expect that Ares Management Co. will post 4.06 EPS for the current year.

Ares Management Dividend Announcement

The company 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. The ex-dividend date is Tuesday, December 17th. This represents a $3.72 dividend on an annualized basis and a yield of 2.12%. Ares Management’s dividend payout ratio (DPR) is currently 171.43%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ARES shares. UBS Group raised their price target on shares of Ares Management from $158.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada boosted their target price on shares of Ares Management from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their price target on Ares Management from $146.00 to $150.00 and gave the company a “hold” rating in a research note on Monday, November 11th. TD Cowen boosted their price objective on Ares Management from $184.00 to $187.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, The Goldman Sachs Group increased their target price on Ares Management from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $166.36.

Institutional Trading of Ares Management

Large investors have recently bought and sold shares of the business. MetLife Investment Management LLC boosted its position in shares of Ares Management by 0.7% during the 3rd quarter. MetLife Investment Management LLC now owns 11,538 shares of the asset manager’s stock valued at $1,798,000 after purchasing an additional 76 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of Ares Management by 1.4% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 6,392 shares of the asset manager’s stock worth $1,070,000 after buying an additional 89 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Ares Management by 3.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,560 shares of the asset manager’s stock worth $399,000 after buying an additional 95 shares during the period. Morse Asset Management Inc increased its stake in shares of Ares Management by 0.7% in the 3rd quarter. Morse Asset Management Inc now owns 14,035 shares of the asset manager’s stock valued at $2,187,000 after acquiring an additional 95 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in shares of Ares Management by 21.0% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 559 shares of the asset manager’s stock valued at $87,000 after acquiring an additional 97 shares during the period. 50.03% of the stock is currently owned by institutional investors and hedge funds.

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.