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Michael J. Arougheti, Co-Founder and CEO of Ares Management Corp (NYSE:ARES), a $48.3 billion market cap investment firm with a "GOOD" InvestingPro Financial Health score, has sold a significant portion of his holdings in the company. According to a recent SEC filing, Arougheti sold a total of 110,845 shares of Class A Common Stock on March 24, 2025. The transactions were executed as part of a 10b5-1 trading plan adopted in December 2024.
The sales were conducted in multiple transactions with prices ranging from $151.03 to $153.68 per share, totaling approximately $16.98 million. Following these transactions, Arougheti retains ownership of 1,400,000 restricted units, which are subject to vesting under an equity incentive plan. The company has maintained dividend payments for 12 consecutive years, with a current yield of 2.92% and impressive dividend growth of 45.45% over the last year.
These transactions were carried out under a pre-established trading plan, allowing Arougheti to sell shares at predetermined intervals, a common practice among executives to avoid potential conflicts of interest. For deeper insights into insider transactions and comprehensive analysis, access the full ARES InvestingPro Research Report, part of our coverage of 1,400+ US stocks.
In other recent news, Ares Management reported a decline in its fourth-quarter earnings per share (EPS), posting $1.23, which fell short of the analyst consensus estimate of $1.32. This EPS miss was attributed to lower-than-expected net investment income and a higher corporate tax rate. Despite this, the company experienced positive developments, including $3.8 billion in new investment commitments and a notable increase in portfolio investments at fair value. Additionally, Ares Management announced a first-quarter 2025 dividend of $0.48 per share, reflecting its long-standing history of stable or growing dividends.
Ares Management also played a key role in securing a $275 million credit facility for ID.me, a digital identity wallet provider, signaling its continued interest in technology investments. Furthermore, Ares successfully closed its Ares Capital Europe VI fund at €17.1 billion, surpassing its initial target, and reinforcing its leadership in the global direct lending market. The fund has already allocated approximately €6.4 billion across over 50 investments, focusing on providing financing solutions for European companies in defensive industries.
These recent developments highlight Ares Management’s strategic initiatives and its robust presence in the investment management sector.
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