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

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 Stock Performance

NYSE ARES traded up $1.75 on Friday, hitting $141.35. The stock had a trading volume of 1,209,962 shares, compared to its average volume of 1,384,538. The company's 50-day moving average is $152.94 and its two-hundred day moving average is $168.49. The stock has a market cap of $44.58 billion, a price-to-earnings ratio of 69.63, 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. Ares Management Co. has a one year low of $110.63 and a one year high of $200.49.

Ares Management (NYSE:ARES - Get Free Report) last posted its earnings results on Wednesday, February 5th. The asset manager reported $1.23 EPS for the quarter, missing the consensus estimate 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, analysts expect that Ares Management Co. will post 5.28 earnings per share for the current year.

Ares Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date was Monday, March 17th. This is a boost from Ares Management's previous quarterly dividend of $0.93. Ares Management's dividend payout ratio (DPR) is 183.25%.

Institutional Trading of Ares Management

Hedge funds have recently modified their holdings of the business. Norges Bank purchased a new position in Ares Management during the fourth quarter valued at approximately $381,365,000. Raymond James Financial Inc. purchased a new position in Ares Management in the fourth quarter valued at about $335,858,000. TD Asset Management Inc. grew its stake in Ares Management by 4,557.2% in the fourth quarter. TD Asset Management Inc. now owns 1,304,759 shares of the asset manager's stock valued at $230,981,000 after purchasing an additional 1,276,743 shares in the last quarter. Vanguard Group Inc. increased its position in Ares Management by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 18,807,718 shares of the asset manager's stock worth $3,329,530,000 after purchasing an additional 907,757 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Ares Management by 12.8% during the 4th quarter. FMR LLC now owns 7,109,070 shares of the asset manager's stock valued at $1,258,519,000 after buying an additional 807,361 shares during the last quarter. Hedge funds and other institutional investors own 50.03% of the company's stock.

Analyst Upgrades and Downgrades

ARES has been the subject of a number of recent analyst reports. Barclays decreased their target price 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. Morgan Stanley reduced their price target on shares of Ares Management from $197.00 to $152.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company lowered their price objective on shares of Ares Management from $187.00 to $156.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Bank of America dropped their target price on Ares Management from $221.00 to $201.00 and set a "buy" rating on the stock in a report on Friday, April 4th. Finally, The Goldman Sachs Group decreased their price target on Ares Management from $188.00 to $166.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, Ares Management currently has an average rating of "Moderate Buy" and a consensus target price of $165.00.

Insider Activity

In related news, Director Ashish Bhutani bought 10,000 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of $141.33 per share, for a total transaction of $1,413,300.00. Following the completion of the acquisition, the director now directly owns 22,905 shares in the company, valued at approximately $3,237,163.65. This represents a 77.49 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Bennett Rosenthal sold 69,809 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $161.01, for a total value 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 trade represents a 69.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 329,113 shares of company stock worth $54,409,915 in the last three months. 1.20% of the stock is owned by insiders.

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.