Ares Management Co. (NYSE:ARES) Insider David B. Kaplan Sells 18,259 Shares

Ares Management Co. (NYSE:ARES) insider David B. Kaplan sold 18,259 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $175.55, for a total value of $3,205,367.45. Following the completion of the transaction, the insider now directly owns 116,348 shares in the company, valued at approximately $20,424,891.40. This represents a 13.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Ares Management Trading Up 0.3 %

Shares of NYSE ARES opened at $175.46 on Friday. Ares Management Co. has a 1-year low of $107.69 and a 1-year high of $176.83. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.05 and a quick ratio of 1.05. The business’s 50 day moving average is $163.69 and its two-hundred day moving average is $149.13. The stock has a market capitalization of $54.93 billion, a P/E ratio of 80.86, a PEG ratio of 1.91 and a beta of 1.20.

Ares Management (NYSE:ARES) last released its earnings results on Friday, November 1st. The asset manager reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.01. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate 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 in the previous year, the company posted $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 announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a $0.93 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $3.72 annualized dividend and a dividend yield of 2.12%. Ares Management’s dividend payout ratio (DPR) is presently 171.43%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. UBS Group lifted their price objective on shares of Ares Management from $158.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Redburn Atlantic started coverage on shares of Ares Management in a report on Tuesday, August 27th. They issued a “neutral” rating and a $140.00 price target on the stock. Barclays increased their price objective on shares of Ares Management from $155.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Deutsche Bank Aktiengesellschaft raised their price objective on Ares Management from $146.00 to $150.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Finally, Royal Bank of Canada boosted their target price on Ares Management from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $166.36.

Hedge Funds Weigh In On Ares Management

A number of large investors have recently made changes to their positions in ARES. Point72 DIFC Ltd bought a new stake in Ares Management in the third quarter worth about $36,000. Eastern Bank purchased a new stake in shares of Ares Management in the third quarter worth approximately $39,000. West Oak Capital LLC lifted its stake 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 acquiring an additional 100 shares during the last quarter. Key Financial Inc purchased a new position in Ares Management during the 2nd quarter valued at $53,000. Finally, EntryPoint Capital LLC bought a new position in Ares Management in the 1st quarter valued at $54,000. 50.03% of the stock is owned by hedge funds and other institutional investors.

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.