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Who are the Institutional Holders in Ares Management Corp (ARES)?

Ares Management Corp (NYSE: ARES) is 16.67% higher on its value in year-to-date trading and has touched a low of $93.65 and a high of $150.12 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ARES stock was last observed hovering at around $134.78 in the last trading session, with the day’s gains setting it 3.96%.

Currently trading at $138.74, the stock is 2.59% and 0.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.91 million and changing 2.94% at the moment leaves the stock 11.96% off its SMA200. ARES registered 48.04% gain for a year compared to 6-month gain of 16.64%.

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The stock witnessed a 4.37% loss in the last 1 month and extending the period to 3 months gives it a 3.69%, and is 2.43% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.30% over the week and 2.22% over the month.

Ares Management Corp (ARES) has around 2850 employees, a market worth around $27.63B and $3.90B in sales. Current P/E ratio is 60.91 and Fwd P/E is 23.02. Profit margin for the company is 11.17%. Distance from 52-week low is 48.15% and -7.58% from its 52-week high. The company has generated returns on investments over the last 12 months (2.55%).

The EPS is expected to grow by 17.37% this year

The shares outstanding are 187.07M, and float is at 170.74M with Short Float at 2.00%.

Ares Management Corp (ARES) Insider Activity

The most recent transaction is an insider sale by Rosenthal Bennett, the company’s Co-Founder & Chairman of PEG. SEC filings show that Rosenthal Bennett sold 150,000 shares of the company’s common stock on Jun 21 ’24 at a price of $131.94 per share for a total of $19.79 million. Following the sale, the insider now owns 0.0 shares.

Ares Management Corp disclosed in a document filed with the SEC on Jun 21 ’24 that KAPLAN DAVID B (Co-Founder) sold a total of 125,000 shares of the company’s common stock. The trade occurred on Jun 21 ’24 and was made at $131.94 per share for $16.49 million. Following the transaction, the insider now directly holds 0.0 shares of the ARES stock.

Still, SEC filings show that on Jun 07 ’24, Olian Judy D. (Director) disposed off 3,417 shares at an average price of $134.00 for $0.46 million. The insider now directly holds 27,312 shares of Ares Management Corp (ARES).

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