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 Price Performance

Shares of NYSE:ARES traded down $6.08 during midday trading on Thursday, reaching $169.75. 1,479,275 shares of the company's stock were exchanged, compared to its average volume of 1,419,688. Ares Management Co. has a 12 month low of $110.63 and a 12 month high of $200.49. The firm has a market capitalization of $53.54 billion, a PE ratio of 83.76, a price-to-earnings-growth ratio of 1.28 and a beta of 1.40. The company's 50 day simple moving average is $147.41 and its two-hundred day simple moving average is $167.62. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.05 and a current ratio of 1.05.

Ares Management (NYSE:ARES - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The asset manager reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.94 by $0.15. Ares Management had a net margin of 11.35% and a return on equity of 16.64%. The firm had revenue of $951.96 million during the quarter, compared to analysts' expectations of $914.00 million. During the same quarter in the previous year, the company earned $0.80 earnings per share. Equities research analysts expect that Ares Management Co. will post 5.28 earnings per share for the current fiscal year.

Ares Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Monday, June 16th. Ares Management's payout ratio is 263.53%.

Institutional Investors Weigh In On Ares Management

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in Ares Management by 31.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,849,737 shares of the asset manager's stock worth $444,103,000 after acquiring an additional 678,549 shares during the period. Barclays PLC boosted its stake in shares of Ares Management by 42.4% in the 3rd quarter. Barclays PLC now owns 435,103 shares of the asset manager's stock valued at $67,807,000 after purchasing an additional 129,611 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of Ares Management by 13.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 2,122 shares of the asset manager's stock worth $331,000 after purchasing an additional 258 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Ares Management by 9.0% in 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 during the last quarter. Finally, 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 worth $29,000 after acquiring an additional 65 shares during the period. 50.03% of the stock is currently owned by institutional investors.

Insider Transactions at Ares Management

In other news, CEO Michael J. Arougheti sold 110,845 shares of Ares Management stock in a transaction dated 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 $214,438,000. The trade was a 7.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Bennett Rosenthal sold 69,809 shares of the firm's stock in a transaction dated 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 approximately $4,861,052.91. This represents a 69.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 250,180 shares of company stock valued at $39,411,066. Company insiders own 36.86% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on ARES. Wolfe Research set a $193.00 price target on shares of Ares Management and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Bank of America dropped their price target on shares of Ares Management from $221.00 to $201.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. TD Cowen dropped their price target on shares of Ares Management from $216.00 to $161.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Barclays upped their price target on shares of Ares Management from $142.00 to $182.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Finally, Citizens Jmp raised shares of Ares Management from a "market perform" rating to an "outperform" rating and set a $165.00 price objective on the stock in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $174.50.

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 editor@ballotpedia.org 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.

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.