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

Representative Jefferson Shreve (R-Indiana) recently sold shares of Ares Management Co. (NYSE:ARES). In a filing disclosed on April 11th, the Representative disclosed that they had sold between $15,001 and $50,000 in Ares Management stock on March 13th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

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

• Purchased $15,001 – $50,000 in shares of Harley-Davidson (NYSE:HOG) on 3/31/2025.
• Purchased $50,001 – $100,000 in shares of Block (NYSE:XYZ) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of DuPont de Nemours (NYSE:DD) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of United Community Banks (NASDAQ:UCB) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of IDEX (NYSE:IEX) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of HNI (NYSE:HNI) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of ServiceNow (NYSE:NOW) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Coinbase Global (NASDAQ:COIN) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Constellation Energy (NASDAQ:CEG) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of Simon Property Group (NYSE:SPG) on 3/31/2025.

Ares Management Trading Up 2.2 %

Shares of NYSE ARES traded up $3.01 during trading on Tuesday, hitting $141.39. 1,683,454 shares of the company traded hands, compared to its average volume of 1,379,075. The firm has a market capitalization of $44.59 billion, a P/E ratio of 69.65, a P/E/G ratio of 1.28 and a beta of 1.32. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.53. The company has a 50-day moving average price of $155.82 and a 200-day moving average price of $168.74. Ares Management Co. has a 1 year low of $110.63 and a 1 year high of $200.49.

Ares Management (NYSE:ARES) last posted its quarterly earnings results on Wednesday, February 5th. The asset manager reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.12). Ares Management had a net margin of 11.35% and a return on equity of 16.64%. On average, equities analysts predict that Ares Management Co. will post 5.28 EPS for the current year.

Ares Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $1.12 per share. The ex-dividend date was Monday, March 17th. This represents a $4.48 dividend on an annualized basis and a yield of 3.17%. This is an increase from Ares Management’s previous quarterly dividend of $0.93. Ares Management’s dividend payout ratio (DPR) is currently 183.25%.

Insider Buying and Selling

In other news, CEO Michael J. Arougheti sold 110,845 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $153.17, for a total value of $16,978,128.65. Following the completion of the transaction, the chief executive officer now owns 1,400,000 shares of the company’s stock, valued at approximately $214,438,000. This represents a 7.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Ashish Bhutani acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average price of $141.33 per share, for a total transaction of $1,413,300.00. Following the completion of the purchase, the director now owns 22,905 shares of the company’s stock, valued at approximately $3,237,163.65. This represents a 77.49 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 329,113 shares of company stock valued at $54,409,915 in the last three months. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. The Goldman Sachs Group cut their price target on shares of Ares Management from $188.00 to $166.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. JMP Securities raised shares of Ares Management from a “market perform” rating to a “market outperform” rating and set a $165.00 target price on the stock in a research note on Tuesday, April 8th. Barclays decreased their price target on shares of Ares Management from $217.00 to $142.00 and set an “overweight” rating for the company in a research report on Monday, April 7th. Bank of America cut their price objective on Ares Management from $221.00 to $201.00 and set a “buy” rating on the stock in a research report on Friday, April 4th. Finally, Morgan Stanley decreased their target price on Ares Management from $197.00 to $152.00 and set an “equal weight” rating for the company in a research report on Monday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.40.

Institutional Trading of Ares Management

Several institutional investors and hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc lifted its stake in Ares Management by 67.0% in the fourth quarter. Versant Capital Management Inc now owns 162 shares of the asset manager’s stock valued at $29,000 after buying an additional 65 shares during the last quarter. Transce3nd LLC acquired a new stake in shares of Ares Management in the fourth quarter valued at approximately $29,000. Johnson Financial Group Inc. raised its holdings in shares of Ares Management by 104.8% during the fourth quarter. Johnson Financial Group Inc. now owns 170 shares of the asset manager’s stock valued at $30,000 after buying an additional 87 shares during the last quarter. Elequin Capital LP bought a new stake in shares of Ares Management during the fourth quarter valued at approximately $33,000. Finally, Noble Wealth Management PBC acquired a new position in shares of Ares Management during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 50.03% of the company’s stock.

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.