David B. Kaplan Sells 28,887 Shares of Ares Management Co. (NYSE:ARES) Stock

Ares Management Co. (NYSE:ARES) insider David B. Kaplan sold 28,887 shares of Ares Management stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $175.82, for a total transaction of $5,078,912.34. Following the completion of the sale, the insider now owns 87,461 shares in the company, valued at $15,377,393.02. This trade represents a 24.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ares Management Trading Down 2.3 %

Shares of NYSE:ARES opened at $174.78 on Thursday. The stock has a market cap of $54.72 billion, a PE ratio of 80.54, a P/E/G ratio of 1.92 and a beta of 1.20. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.53. Ares Management Co. has a 12-month low of $107.69 and a 12-month high of $180.38. The business has a 50 day moving average of $165.19 and a 200-day moving average of $149.96.

Ares Management (NYSE:ARES) last issued 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 19.89% and a net margin of 12.51%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $833.58 million. During the same period in the prior year, the firm posted $0.83 EPS. As a group, equities research analysts forecast that Ares Management Co. will post 4.06 earnings per share for the current year.

Ares Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Tuesday, December 17th. Ares Management’s dividend payout ratio is 171.43%.

Analysts Set New Price Targets

A number of research firms have recently commented on ARES. Morgan Stanley raised their price objective on Ares Management from $136.00 to $162.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. decreased 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. 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 report on Monday, September 30th. Royal Bank of Canada increased their price target on shares of Ares Management from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Finally, UBS Group upped their target price on shares of Ares Management from $158.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $166.36.

Institutional Trading of Ares Management

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 DIFC Ltd bought a new position in shares of Ares Management during the third quarter worth approximately $36,000. Eastern Bank bought a new stake in shares of Ares Management in the third quarter valued at approximately $39,000. West Oak Capital LLC grew its position in Ares Management by 40.0% during the second quarter. West Oak Capital LLC now owns 350 shares of the asset manager’s stock worth $47,000 after buying an additional 100 shares in the last quarter. Key Financial Inc bought a new position in Ares Management during the 2nd quarter worth $53,000. Finally, Industrial Alliance Investment Management Inc. raised its holdings in Ares Management by 80.4% in the 2nd quarter. Industrial Alliance Investment Management Inc. now owns 451 shares of the asset manager’s stock valued at $60,000 after acquiring an additional 201 shares in the last quarter. Institutional investors and hedge funds own 50.03% of the company’s stock.

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.