Ares Management (NYSE:ARES) Shares 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 opened at $141.39 on Wednesday. The firm’s fifty day moving average price is $155.82 and its two-hundred day moving average price is $168.74. Ares Management Co. has a 1 year low of $110.63 and a 1 year high of $200.49. The firm has a market capitalization of $44.59 billion, a P/E ratio of 69.65, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.53.

Ares Management (NYSE:ARES) last issued its earnings results on Wednesday, February 5th. The asset manager reported $1.23 earnings per share (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%. As a group, research analysts anticipate that Ares Management Co. will post 5.28 EPS for the current year.

Ares Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $1.12 per share. 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. The ex-dividend date of this dividend was Monday, March 17th. Ares Management’s payout ratio is presently 183.25%.

Hedge Funds Weigh In On Ares Management

Hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank bought a new position in Ares Management in the fourth quarter valued at approximately $381,365,000. Raymond James Financial Inc. bought a new position in shares of Ares Management in the 4th quarter valued at $335,858,000. TD Asset Management Inc. raised its holdings in shares of Ares Management by 4,557.2% during the 4th quarter. TD Asset Management Inc. now owns 1,304,759 shares of the asset manager’s stock worth $230,981,000 after buying an additional 1,276,743 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Ares Management by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 18,807,718 shares of the asset manager’s stock worth $3,329,530,000 after buying an additional 907,757 shares during the last quarter. Finally, FMR LLC boosted its stake in Ares Management by 12.8% in the fourth 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 in the last quarter. 50.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ares Management

In related news, CEO Michael J. Arougheti sold 110,845 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $153.17, for a total transaction of $16,978,128.65. Following the sale, the chief executive officer now owns 1,400,000 shares in the company, valued at $214,438,000. The trade was a 7.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider R. Kipp Deveer sold 78,933 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $190.02, for a total value of $14,998,848.66. Following the completion of the transaction, the insider now owns 1,150,000 shares of the company’s stock, valued at $218,523,000. This represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 329,113 shares of company stock worth $54,409,915 over the last 90 days. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ARES shares. Keefe, Bruyette & Woods upgraded Ares Management from a “market perform” rating to an “outperform” rating and increased their price target for the company from $166.00 to $202.00 in a research note on Friday, December 20th. The Goldman Sachs Group cut their target price on shares of Ares Management from $188.00 to $166.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. Citizens Jmp upgraded shares of Ares Management from a “market perform” rating to an “outperform” rating and set a $165.00 price target on the stock in a research note on Tuesday, April 8th. Barclays cut their price objective 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. Finally, StockNews.com downgraded Ares Management from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $165.40.

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.