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

Representative Jefferson Shreve (R-Indiana) recently sold shares of Ares Management Corporation (NYSE:ARES). In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $50,001 and $100,000 in Ares Management stock on May 12th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

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

• Sold $15,001 – $50,000 in shares of Hubbell (NYSE:HUBB) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of Trane Technologies (NYSE:TT) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of RTX (NYSE:RTX) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of NiSource (NYSE:NI) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of Johnson & Johnson (NYSE:JNJ) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of AppLovin (NASDAQ:APP) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of Fiserv (NYSE:FI) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of CNO Financial Group (NYSE:CNO) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of Cboe Global Markets (NASDAQ:CBOE) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of Lam Research (NASDAQ:LRCX) on 5/12/2025.

Ares Management Trading Up 1.3%

Ares Management stock opened at $180.50 on Thursday. The stock has a market cap of $58.95 billion, a P/E ratio of 106.18, a PEG ratio of 1.46 and a beta of 1.37. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.07 and a quick ratio of 1.07. Ares Management Corporation has a 1 year low of $110.63 and a 1 year high of $200.49. The firm’s 50 day moving average price is $171.08 and its 200-day moving average price is $166.50.

Ares Management (NYSE:ARES) last announced its quarterly earnings results on Monday, May 5th. The asset manager reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.15. Ares Management had a net margin of 9.73% and a return on equity of 16.29%. The company had revenue of $951.96 million for the quarter, compared to analysts’ expectations of $914.00 million. During the same quarter in the previous year, the business posted $0.80 earnings per share. On average, equities analysts predict that Ares Management Corporation will post 5.28 earnings per share for the current fiscal year.

Ares Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date was Monday, June 16th. Ares Management’s payout ratio is 263.53%.

Insider Transactions at Ares Management

In other news, Chairman Bennett Rosenthal sold 85,000 shares of Ares Management stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $168.79, for a total transaction of $14,347,150.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael J. Arougheti sold 182,108 shares of the company’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $170.07, for a total value of $30,971,107.56. Following the completion of the sale, the chief executive officer owned 350,684 shares in the company, valued at $59,640,827.88. This represents a 34.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 873,145 shares of company stock valued at $146,204,353 in the last 90 days. 36.86% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Barclays boosted their target price on shares of Ares Management from $182.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Citizens Jmp upgraded 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 report on Tuesday, April 8th. Morgan Stanley dropped their target price 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. Wolfe Research set a $193.00 target price on Ares Management and gave the company an “outperform” rating in a research report on Tuesday, May 6th. Finally, The Goldman Sachs Group lowered their price objective on Ares Management from $188.00 to $166.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Ares Management has an average rating of “Moderate Buy” and a consensus target price of $177.50.

Hedge Funds Weigh In On Ares Management

A number of hedge funds and other institutional investors have recently bought and sold shares of ARES. Vontobel Holding Ltd. raised its position in shares of Ares Management by 28.7% during the 2nd quarter. Vontobel Holding Ltd. now owns 6,085 shares of the asset manager’s stock worth $1,054,000 after acquiring an additional 1,358 shares in the last quarter. Maryland State Retirement & Pension System grew its position in Ares Management by 5.7% in the 2nd quarter. Maryland State Retirement & Pension System now owns 9,145 shares of the asset manager’s stock valued at $1,584,000 after buying an additional 497 shares during the last quarter. Joel Isaacson & Co. LLC boosted its stake in shares of Ares Management by 40.3% in the second quarter. Joel Isaacson & Co. LLC now owns 4,429 shares of the asset manager’s stock valued at $767,000 after buying an additional 1,273 shares in the last quarter. True Vision MN LLC boosted its stake in shares of Ares Management by 5.2% in the second quarter. True Vision MN LLC now owns 2,513 shares of the asset manager’s stock valued at $435,000 after buying an additional 125 shares in the last quarter. Finally, KLP Kapitalforvaltning AS boosted its stake in shares of Ares Management by 5.8% in the second quarter. KLP Kapitalforvaltning AS now owns 70,800 shares of the asset manager’s stock valued at $12,263,000 after buying an additional 3,900 shares in the last quarter. 50.03% of the stock is currently owned by hedge funds and other institutional investors.

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.