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

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 value 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 value 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 value 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 value 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 value 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 value 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 value 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 value 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 value 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 value of $263,195.94.

NYSE ARES opened at $39.94 on Friday. The stock’s 50 day moving average is $39.32 and its 200 day moving average is $35.86. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.75. Ares Management Corp has a 12 month low of $20.20 and a 12 month high of $41.88. The stock has a market cap of $9.86 billion, a PE ratio of 22.01, a P/E/G ratio of 3.46 and a beta of 1.28.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. HighTower Advisors LLC increased its stake in Ares Management by 31.9% in the 1st quarter. HighTower Advisors LLC now owns 24,238 shares of the asset manager’s stock worth $748,000 after acquiring an additional 5,855 shares during the last quarter. Geode Capital Management LLC increased its stake in Ares Management by 8.6% in the 1st quarter. Geode Capital Management LLC now owns 1,000,160 shares of the asset manager’s stock worth $30,934,000 after acquiring an additional 79,309 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Ares Management by 62.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 227,268 shares of the asset manager’s stock worth $9,023,000 after acquiring an additional 87,442 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in Ares Management by 116.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 74,234 shares of the asset manager’s stock worth $2,296,000 after acquiring an additional 39,946 shares during the last quarter. Finally, Citigroup Inc. increased its stake in Ares Management by 28.5% in the 1st quarter. Citigroup Inc. now owns 21,477 shares of the asset manager’s stock worth $664,000 after acquiring an additional 4,767 shares during the last quarter. 71.04% of the stock is currently owned by institutional investors.

ARES has been the topic of several research reports. Wells Fargo & Co raised their target price on Ares Management from $41.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Barclays lifted their price objective on Ares Management from $36.00 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Zacks Investment Research cut Ares Management from a “buy” rating to a “hold” rating in a research report on Monday, July 13th. TheStreet cut Ares Management from a “b-” rating to a “c” rating in a research report on Monday, June 8th. Finally, Keefe, Bruyette & Woods lifted their price objective on Ares Management from $44.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus 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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