Ares Management Corp (NYSE:ARES) insider R. Kipp Deveer sold 637 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $40.02, for a total transaction of $25,492.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

R. Kipp Deveer also recently made the following trade(s):

  • On Wednesday, July 29th, R. Kipp Deveer sold 33,497 shares of Ares Management stock. The stock was sold at an average price of $40.37, for a total transaction of $1,352,273.89.
  • On Monday, July 27th, R. Kipp Deveer sold 6,515 shares of Ares Management stock. The stock was sold at an average price of $39.40, for a total transaction of $256,691.00.
  • On Friday, July 24th, R. Kipp Deveer sold 102,384 shares of Ares Management stock. The stock was sold at an average price of $39.06, for a total transaction of $3,999,119.04.
  • On Wednesday, July 22nd, R. Kipp Deveer sold 1,848 shares of Ares Management stock. The stock was sold at an average price of $41.03, for a total transaction of $75,823.44.
  • On Monday, July 20th, R. Kipp Deveer sold 53,375 shares of Ares Management stock. The stock was sold at an average price of $41.11, for a total transaction of $2,194,246.25.
  • On Wednesday, July 15th, R. Kipp Deveer sold 34,464 shares of Ares Management stock. The stock was sold at an average price of $40.29, for a total transaction of $1,388,554.56.
  • On Monday, July 13th, R. Kipp Deveer sold 1,390 shares of Ares Management stock. The stock was sold at an average price of $40.01, for a total transaction of $55,613.90.
  • On Thursday, July 2nd, R. Kipp Deveer sold 100 shares of Ares Management stock. The stock was sold at an average price of $40.02, for a total transaction of $4,002.00.
  • On Monday, June 22nd, R. Kipp Deveer sold 81,393 shares of Ares Management stock. The stock was sold at an average price of $40.05, for a total transaction of $3,259,789.65.
  • On Monday, May 4th, R. Kipp Deveer sold 8,274 shares of Ares Management stock. The stock was sold at an average price of $31.81, for a total transaction of $263,195.94.

NYSE:ARES opened at $39.94 on Friday. Ares Management Corp has a fifty-two week low of $20.20 and a fifty-two week high of $41.88. The stock has a market capitalization of $9.89 billion, a P/E ratio of 22.07, a P/E/G ratio of 3.47 and a beta of 1.28. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.23 and a current ratio of 0.23. The company’s 50-day simple moving average is $39.32 and its 200-day simple moving average is $35.86.

Ares Management (NYSE:ARES) last released its earnings results on Wednesday, May 6th. The asset manager reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. The company had revenue of $411.80 million during the quarter, compared to analysts’ expectations of $369.82 million. Ares Management had a net margin of 5.60% and a return on equity of 15.52%. During the same period last year, the business earned $0.35 EPS. On average, research analysts forecast that Ares Management Corp will post 1.66 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Stifel Financial Corp boosted its stake in Ares Management by 2.0% in the 4th quarter. Stifel Financial Corp now owns 25,629 shares of the asset manager’s stock worth $912,000 after purchasing an additional 510 shares in the last quarter. Belpointe Asset Management LLC boosted its stake in Ares Management by 3.7% in the 2nd quarter. Belpointe Asset Management LLC now owns 16,863 shares of the asset manager’s stock worth $670,000 after purchasing an additional 607 shares in the last quarter. Integrated Advisors Network LLC boosted its stake in Ares Management by 7.9% in the 1st quarter. Integrated Advisors Network LLC now owns 8,429 shares of the asset manager’s stock worth $261,000 after purchasing an additional 615 shares in the last quarter. Beacon Investment Advisory Services Inc. lifted its stake in Ares Management by 3.4% during the 1st quarter. Beacon Investment Advisory Services Inc. now owns 20,576 shares of the asset manager’s stock valued at $636,000 after acquiring an additional 680 shares during the period. Finally, Macquarie Group Ltd. lifted its stake in Ares Management by 13.5% during the 4th quarter. Macquarie Group Ltd. now owns 6,100 shares of the asset manager’s stock valued at $218,000 after acquiring an additional 724 shares during the period. Institutional investors own 71.04% of the company’s stock.

ARES has been the topic of a number of research reports. BMO Capital Markets raised shares of Ares Management from a “market perform” rating to an “outperform” rating and raised their target price for the company from $40.00 to $47.00 in a research report on Thursday, May 28th. TheStreet downgraded shares of Ares Management from a “b-” rating to a “c” rating in a research report on Monday, June 8th. Barclays raised their target price on shares of Ares Management from $36.00 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Keefe, Bruyette & Woods raised their target price on shares of Ares Management from $44.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Finally, Morgan Stanley raised their target price on shares of Ares Management from $35.00 to $38.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 14th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Ares Management has a consensus rating of “Buy” and an average price target of $42.45.

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.

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Insider Buying and Selling by Quarter for Ares Management (NYSE:ARES)

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