Ares Management Co. (NYSE:ARES – Get Rating) major shareholder Ares Management Llc acquired 500,000 shares of Ares Management stock in a transaction on Monday, January 30th. The stock was purchased at an average cost of $1.79 per share, with a total value of $895,000.00. Following the completion of the transaction, the insider now directly owns 55,829,046 shares in the company, valued at approximately $99,933,992.34. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

Ares Management Llc also recently made the following trade(s):

• On Friday, January 27th, Ares Management Llc acquired 525,902 shares of Ares Management stock. The stock was purchased at an average cost of $1.80 per share, with a total value of $946,623.60.
• On Wednesday, January 25th, Ares Management Llc acquired 875,000 shares of Ares Management stock. The stock was purchased at an average cost of $1.56 per share, with a total value of $1,365,000.00.
• On Monday, January 23rd, Ares Management Llc acquired 730,000 shares of Ares Management stock. The stock was purchased at an average cost of $1.65 per share, with a total value of $1,204,500.00.
• On Thursday, January 19th, Ares Management Llc acquired 300,000 shares of Ares Management stock. The stock was purchased at an average cost of $1.33 per share, with a total value of $399,000.00.
• On Tuesday, January 17th, Ares Management Llc acquired 400,000 shares of Ares Management stock. The stock was purchased at an average cost of $1.36 per share, with a total value of $544,000.00.
• On Friday, January 13th, Ares Management Llc bought 330,000 shares of Ares Management stock. The shares were bought at an average cost of $1.39 per share, with a total value of $458,700.00.

Ares Management Stock Performance

NYSE ARES opened at $85.03 on Friday. Ares Management Co. has a 1 year low of $53.15 and a 1 year high of $86.13. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.13 and a quick ratio of 0.13. The stock has a market capitalization of $25.01 billion, a PE ratio of 95.54, a P/E/G ratio of 0.76 and a beta of 1.31. The company's 50 day simple moving average is $73.76 and its two-hundred day simple moving average is $72.76.

Analyst Ratings Changes

Institutional Trading of Ares Management

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Ares Management by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 14,038,275 shares of the asset manager's stock worth $1,140,328,000 after purchasing an additional 458,646 shares in the last quarter. BlackRock Inc. lifted its stake in Ares Management by 0.7% in the 1st quarter. BlackRock Inc. now owns 6,191,021 shares of the asset manager's stock worth $502,895,000 after purchasing an additional 45,745 shares in the last quarter. HMI Capital Management L.P. lifted its stake in Ares Management by 5.0% in the 3rd quarter. HMI Capital Management L.P. now owns 3,987,588 shares of the asset manager's stock worth $247,031,000 after purchasing an additional 188,618 shares in the last quarter. Franklin Resources Inc. lifted its stake in Ares Management by 4.3% in the 2nd quarter. Franklin Resources Inc. now owns 2,830,538 shares of the asset manager's stock worth $160,944,000 after purchasing an additional 117,080 shares in the last quarter. Finally, State Street Corp lifted its stake in Ares Management by 1.1% in the 3rd quarter. State Street Corp now owns 2,339,231 shares of the asset manager's stock worth $144,915,000 after purchasing an additional 26,436 shares in the last quarter. 47.96% of the stock is currently owned by hedge funds and other institutional investors.

About Ares Management

(Get Rating)

Ares Management Corp. is engaged in providing investment management and consultancy services. It operates through the following segments: Credit Group, Private Equity Group and Real Estate Group. The Credit Group segment offers credit strategies across the liquid and illiquid spectrum, including syndicated bank loans, high yield bonds, credit opportunities, special situations, asset-backed investments and U.S.

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