Ares Management (NYSE:ARES) Stock Acquired Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently bought shares of Ares Management Co. (NYSE:ARES). In a filing disclosed on May 08th, the Representative disclosed that they had bought between $50,001 and $100,000 in Ares Management stock on April 17th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

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

• Purchased $50,001 – $100,000 in shares of Chipotle Mexican Grill (NYSE:CMG) on 4/17/2025.
• Purchased $50,001 – $100,000 in shares of Applied Materials (NASDAQ:AMAT) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Caterpillar (NYSE:CAT) on 4/17/2025.
• Sold $15,001 – $50,000 in shares of Lululemon Athletica (NASDAQ:LULU) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Western Digital (NASDAQ:WDC) on 4/17/2025.
• Sold $15,001 – $50,000 in shares of Zoetis (NYSE:ZTS) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Stryker (NYSE:SYK) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of CSX (NASDAQ:CSX) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Ross Stores (NASDAQ:ROST) on 4/17/2025.

Ares Management Stock Performance

ARES stock opened at $164.93 on Friday. The stock has a market capitalization of $52.02 billion, a PE ratio of 81.25, a price-to-earnings-growth ratio of 1.28 and a beta of 1.40. The stock’s 50 day simple moving average is $146.41 and its 200 day simple moving average is $167.53. Ares Management Co. has a 12-month low of $110.63 and a 12-month high of $200.49. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.53.

Ares Management (NYSE:ARES) last released its quarterly earnings data on Monday, May 5th. The asset manager reported $1.09 EPS for the quarter, beating the consensus estimate of $0.94 by $0.15. Ares Management had a return on equity of 16.64% and a net margin of 11.35%. The company had revenue of $951.96 million for the quarter, compared to analysts’ expectations of $914.00 million. During the same period last year, the firm posted $0.80 earnings per share. As a group, research analysts forecast that Ares Management Co. will post 5.28 earnings per share for the current fiscal year.

Ares Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $1.12 dividend. The ex-dividend date is Monday, June 16th. This represents a $4.48 dividend on an annualized basis and a yield of 2.72%. Ares Management’s payout ratio is currently 263.53%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group lowered their price objective on shares of Ares Management from $188.00 to $166.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. Wells Fargo & Company raised their price target on Ares Management from $156.00 to $182.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 6th. Barclays upped their price objective on Ares Management from $142.00 to $182.00 and gave the company an “overweight” rating in a research report on Tuesday, May 6th. Morgan Stanley dropped their target price on Ares Management from $197.00 to $152.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. Finally, TD Cowen reduced their price target on shares of Ares Management from $216.00 to $161.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $174.50.

Insider Buying and Selling

In related news, Chairman Bennett Rosenthal sold 69,809 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $161.01, for a total transaction of $11,239,947.09. Following the sale, the chairman now owns 30,191 shares of the company’s stock, valued at $4,861,052.91. This represents a 69.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael J. Arougheti sold 110,845 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $153.17, for a total transaction of $16,978,128.65. Following the sale, the chief executive officer now owns 1,400,000 shares in the company, valued at $214,438,000. This represents a 7.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 250,180 shares of company stock valued at $39,411,066. Corporate insiders own 0.52% of the company’s stock.

Institutional Trading of Ares Management

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in Ares Management in the 4th quarter worth $335,858,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Ares Management by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 715,258 shares of the asset manager’s stock worth $126,622,000 after acquiring an additional 32,273 shares during the period. JPMorgan Chase & Co. grew its position in shares of Ares Management by 9.0% during the third quarter. JPMorgan Chase & Co. now owns 8,244,179 shares of the asset manager’s stock worth $1,284,773,000 after purchasing an additional 679,462 shares in the last quarter. Caldwell Investment Management Ltd. raised its stake in Ares Management by 134.1% during the 4th quarter. Caldwell Investment Management Ltd. now owns 10,300 shares of the asset manager’s stock valued at $1,842,000 after purchasing an additional 5,900 shares during the period. Finally, Donoghue Forlines LLC bought a new stake in Ares Management during the 4th quarter valued at approximately $1,498,000. 50.03% of the stock is owned by hedge funds and other institutional investors.

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 [email protected] 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.

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.