Rep. Jefferson Shreve Buys Ares Management Co. (NYSE:ARES) Shares

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 Trading Down 0.6 %

Ares Management stock opened at $164.93 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a 50-day simple moving average of $146.41 and a 200 day simple moving average of $167.53. The stock has a market capitalization of $52.02 billion, a P/E ratio of 81.25, a PEG ratio of 1.28 and a beta of 1.40. Ares Management Co. has a 52 week low of $110.63 and a 52 week high of $200.49.

Ares Management (NYSE:ARES) last posted its earnings results on Monday, May 5th. The asset manager reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.15. Ares Management had a return on equity of 16.64% and a net margin of 11.35%. The business had revenue of $951.96 million for the quarter, compared to analyst estimates of $914.00 million. During the same period in the previous year, the firm earned $0.80 EPS. Analysts expect that Ares Management Co. will post 5.28 earnings per share for the current year.

Ares Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $1.12 dividend. The ex-dividend date is Monday, June 16th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.72%. Ares Management’s payout ratio is 263.53%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ARES shares. Bank of America decreased 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 note on Friday, April 4th. Wells Fargo & Company increased their target price on Ares Management from $156.00 to $182.00 and gave the stock an “overweight” rating in a research note on Tuesday. JMP Securities boosted their price target on Ares Management from $165.00 to $185.00 and gave the company a “market outperform” rating in a research note on Thursday. Morgan Stanley lowered their price objective on Ares Management from $197.00 to $152.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. Finally, Oppenheimer raised shares of Ares Management from a “market perform” rating to an “outperform” rating and set a $159.00 target price for the company in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Ares Management has a consensus rating of “Moderate Buy” and a consensus price target of $174.50.

Insider Buying and Selling at Ares Management

In other news, Chairman Bennett Rosenthal sold 69,809 shares of Ares Management stock in a transaction on 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 transaction, the chairman now owns 30,191 shares in the company, valued at approximately $4,861,052.91. The trade was a 69.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ashish Bhutani acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average price of $141.33 per share, with a total value of $1,413,300.00. Following the completion of the acquisition, the director now directly owns 22,905 shares of the company’s stock, valued at $3,237,163.65. This trade represents a 77.49 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders sold 250,180 shares of company stock worth $39,411,066. 0.52% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new position in Ares Management during the 4th quarter worth 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. boosted 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 valued at $230,981,000 after acquiring an additional 1,276,743 shares in the last quarter. Vanguard Group Inc. grew its position in 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 acquiring an additional 907,757 shares during the last quarter. Finally, FMR LLC increased its holdings in Ares Management by 12.8% in the 4th quarter. FMR LLC now owns 7,109,070 shares of the asset manager’s stock worth $1,258,519,000 after purchasing an additional 807,361 shares in the last quarter. 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.

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.