Fortress Investment Group LLC Company Profile (NYSE:FIG)

About Fortress Investment Group LLC (NYSE:FIG)

Fortress Investment Group LLC logoFortress Investment Group LLC (Fortress) is an investment management firm. The Company operates through segments, including private equity funds, permanent capital vehicles, credit hedge funds, credit PE funds, liquid hedge funds and Logan Circle. Its business is to sponsor the formation of, and provide investment management services for, various investment funds, permanent capital vehicles and related managed accounts (the Fortress Funds). Fortress's sources of income from the Fortress Funds are management fees, incentive income and investment income on its investments in the funds. As of December 31, 2016, the Company's private equity business manages approximately $13.5 billion of assets under management (AUM); credit funds business manages approximately $18.1 billion of AUM; liquid hedge funds business manages over $4.6 billion of AUM, and Logan Circle business manages approximately $33.4 billion of AUM.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Asset Management
  • Sub-Industry: N/A
  • Symbol: NYSE:FIG
  • CUSIP: N/A
  • Web: www.fortress.com
Capitalization:
  • Market Cap: $1.73 billion
  • Outstanding Shares: 218,008,000
Average Prices:
  • 50 Day Moving Avg: $8.00
  • 200 Day Moving Avg: $6.55
  • 52 Week Range: $4.23 - $8.05
P/E:
  • Trailing P/E Ratio: 20.54
  • Foreward P/E Ratio: 10.19
  • P/E Growth: 0.20
Sales & Book Value:
  • Annual Revenue: $933.37 million
  • Price / Sales: 1.86
  • Book Value: $2.53 per share
  • Price / Book: 3.14
Dividend:
  • Annual Dividend: $0.36
  • Dividend Yield: 4.5%
Profitability:
  • EBIDTA: $209.67 million
  • Net Margins: 10.21%
  • Return on Equity: 42.59%
  • Return on Assets: 16.78%
Debt:
  • Current Ratio: 0.67%
  • Quick Ratio: 0.67%
Misc:
  • Average Volume: 2.85 million shs.
  • Beta: 1.77
  • Short Ratio: 0.08
 

Frequently Asked Questions for Fortress Investment Group LLC (NYSE:FIG)

What is Fortress Investment Group LLC's stock symbol?

Fortress Investment Group LLC trades on the New York Stock Exchange (NYSE) under the ticker symbol "FIG."

How often does Fortress Investment Group LLC pay dividends? What is the dividend yield for Fortress Investment Group LLC?

Fortress Investment Group LLC declared a quarterly dividend on Monday, May 8th. Shareholders of record on Monday, May 22nd will be given a dividend of $0.09 per share on Friday, May 26th. This represents a $0.36 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date is Thursday, May 18th. View Fortress Investment Group LLC's Dividend History.

How were Fortress Investment Group LLC's earnings last quarter?

Fortress Investment Group LLC (NYSE:FIG) issued its quarterly earnings results on Monday, May, 8th. The company reported $0.19 EPS for the quarter, meeting the Zacks' consensus estimate of $0.19. The firm had revenue of $232.23 million for the quarter, compared to analysts' expectations of $258.70 million. Fortress Investment Group LLC had a return on equity of 42.59% and a net margin of 10.21%. View Fortress Investment Group LLC's Earnings History.

Where is Fortress Investment Group LLC's stock going? Where will Fortress Investment Group LLC's stock price be in 2017?

4 brokerages have issued 12-month target prices for Fortress Investment Group LLC's stock. Their predictions range from $6.00 to $6.00. On average, they expect Fortress Investment Group LLC's stock price to reach $6.00 in the next year. View Analyst Ratings for Fortress Investment Group LLC.

Who are some of Fortress Investment Group LLC's key competitors?

Who owns Fortress Investment Group LLC stock?

Fortress Investment Group LLC's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include JPMorgan Chase & Co. (5.64%), Morgan Stanley (5.55%), JPMORGAN CHASE & COMPANY (5.10%), Goldman Sachs Group Inc. (4.50%), Credit Suisse AG (4.03%) and Wellington Management Group LLP (3.55%). Company insiders that own Fortress Investment Group LLC stock include Daniel Bass and Wesley R Edens. View Institutional Ownership Trends for Fortress Investment Group LLC.

Who sold Fortress Investment Group LLC stock? Who is selling Fortress Investment Group LLC stock?

Fortress Investment Group LLC's stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Coronation Fund Managers Ltd., Morgan Stanley, FMR LLC, Parsec Financial Management Inc., Wells Fargo & Company MN, Royce & Associates LP and Renaissance Technologies LLC. View Insider Buying and Selling for Fortress Investment Group LLC.

Who bought Fortress Investment Group LLC stock? Who is buying Fortress Investment Group LLC stock?

Fortress Investment Group LLC's stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Goldman Sachs Group Inc., Credit Suisse AG, York Capital Management Global Advisors LLC, Bank of America Corp DE, UBS Group AG, SG Americas Securities LLC and Gabelli Funds LLC. View Insider Buying and Selling for Fortress Investment Group LLC.

How do I buy Fortress Investment Group LLC stock?

Shares of Fortress Investment Group LLC can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Fortress Investment Group LLC stock cost?

One share of Fortress Investment Group LLC stock can currently be purchased for approximately $7.95.

Analyst Ratings

Consensus Ratings for Fortress Investment Group LLC (NYSE:FIG) (?)
Ratings Breakdown: 4 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $6.00 (24.53% downside)

Analysts' Ratings History for Fortress Investment Group LLC (NYSE:FIG)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
3/8/2017JMP SecuritiesDowngradeOutperform -> Market PerformLowView Rating Details
1/2/2017Credit Suisse Group AGSet Price TargetHold$6.00N/AView Rating Details
11/4/2016FIG PartnersReiterated RatingHoldN/AView Rating Details
10/15/2016Keefe, Bruyette & WoodsSet Price TargetHold$6.00N/AView Rating Details
4/18/2016Royal Bank of CanadaLower Price TargetOutperform$10.00 -> $9.00N/AView Rating Details
4/12/2016Jefferies Group LLCLower Price TargetHold$5.00N/AView Rating Details
3/17/2016Oppenheimer Holdings Inc.Reiterated RatingOutperformN/AView Rating Details
3/9/2016Compass PointLower Price TargetBuy$7.50 -> $6.50N/AView Rating Details
(Data available from 5/22/2015 forward)

Earnings

Earnings History for Fortress Investment Group LLC (NYSE:FIG)
Earnings by Quarter for Fortress Investment Group LLC (NYSE:FIG)
Earnings History by Quarter for Fortress Investment Group LLC (NYSE:FIG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/8/2017Q1 2017$0.19$0.19$258.70 million$232.23 millionViewN/AView Earnings Details
2/28/2017Q4 2016$0.24$0.27$245.20 million$438.34 millionViewN/AView Earnings Details
11/3/2016Q316$0.19$0.23$249.25 million$261.00 millionViewN/AView Earnings Details
7/28/2016Q216$0.21$0.26$235.83 million$232.00 millionViewListenView Earnings Details
5/5/2016Q116$0.14$0.16$205.14 million$231.60 millionViewN/AView Earnings Details
2/25/2016Q415$0.20$0.20$257.13 million$415.00 millionViewListenView Earnings Details
10/29/2015Q315$0.17$0.15$274.63 million$264.00 millionViewListenView Earnings Details
7/30/2015Q215$0.21$0.30$261.47 million$308.48 millionViewListenView Earnings Details
5/7/2015Q115$0.22$0.12$254.98 million$226.69 millionViewN/AView Earnings Details
2/26/2015Q414$0.20$0.28$234.27 million$344.00 millionViewN/AView Earnings Details
10/30/2014Q314$0.20$0.12$226.53 million$404.00 millionViewN/AView Earnings Details
7/31/2014Q214$0.34$0.39$221.60 million$427.00 millionViewN/AView Earnings Details
5/1/2014Q114$0.18$0.21$228.28 million$235.10 millionViewN/AView Earnings Details
2/27/2014Q413$0.20$0.49$256.13 million$566.00 millionViewN/AView Earnings Details
10/31/2013Q313$0.15$0.13$216.15 million$232.00 millionViewN/AView Earnings Details
8/1/2013Q2 2013$0.19$0.30$259.67 million$223.10 millionViewN/AView Earnings Details
5/2/2013Q1 2013$0.15$0.20$217.49 million$244.35 millionViewN/AView Earnings Details
2/27/2013Q4 2012$0.14$0.20$217.52 million$417.64 millionViewN/AView Earnings Details
11/2/2012Q312$0.11$0.12$180.76 million$181.50 millionViewN/AView Earnings Details
8/2/2012$0.10$0.09ViewN/AView Earnings Details
5/3/2012$0.10$0.11ViewN/AView Earnings Details
2/28/2012$0.10$0.09ViewN/AView Earnings Details
11/3/2011$0.08($0.82)ViewN/AView Earnings Details
8/4/2011$0.11($0.56)ViewN/AView Earnings Details
5/5/2011$0.15($0.58)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Fortress Investment Group LLC (NYSE:FIG)
2017 EPS Consensus Estimate: $1.01
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.18$0.26$0.22
Q2 20172$0.23$0.27$0.25
Q3 20172$0.25$0.27$0.26
Q4 20172$0.28$0.28$0.28
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Fortress Investment Group LLC (NYSE:FIG)
Next Dividend:5/26/2017
Annual Dividend:$0.36
Dividend Yield:4.53%
Dividend Growth:13.40% (3 Year Average)
Payout Ratio:225.01% (Trailing 12 Months of Earnings)
46.15% (Based on This Year's Estimates)
46.15% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Fortress Investment Group LLC (NYSE:FIG)

Dividend History by Quarter for Fortress Investment Group LLC (NYSE:FIG)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
5/8/2017quarterly$0.094.48%5/18/20175/22/20175/26/2017
2/28/2017quarterly$0.094.52%3/13/20173/15/20173/21/2017
11/3/2016quarterly$0.0911/9/201611/14/201611/18/2016
7/28/2016quarterly$0.098/8/20168/10/20168/16/2016
5/5/2016special$0.115/13/20165/17/20165/20/2016
2/25/2016quarterly$0.083/14/20163/16/20163/21/2016
10/29/2015quarterly$0.0811/6/201511/10/201511/13/2015
7/30/2015$0.088/7/20158/11/20158/14/2014
7/30/2015quarterly$0.088/11/20158/14/2015
5/7/2015quarterly$0.083.93%5/14/20155/18/20155/21/2015
2/26/2015special$0.304.06%3/10/20153/12/20153/17/2015
10/30/2014quarterly$0.084.26%11/7/201411/12/201411/17/2014
7/31/2014special$0.184.25%8/8/20148/12/20148/15/2014
5/1/2014quarterly$0.084.34%5/9/20145/13/20145/16/2014
2/27/2014quarterly$0.083.73%3/7/20143/11/20143/14/2014
11/1/2013quarterly$0.062.81%11/7/201311/12/201311/15/2013
8/2/2013quarterly$0.063.05%8/9/20138/13/20138/16/2013
5/2/2013quarterly$0.063.61%5/10/20135/14/20135/17/2013
2/28/2013quarterly$0.063.68%3/8/20133/12/20133/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Fortress Investment Group LLC (NYSE:FIG)
Insider Ownership Percentage: 45.20%
Institutional Ownership Percentage: 30.31%
Insider Trades by Quarter for Fortress Investment Group LLC (NYSE:FIG)
Institutional Ownership by Quarter for Fortress Investment Group LLC (NYSE:FIG)
Insider Trades by Quarter for Fortress Investment Group LLC (NYSE:FIG)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/28/2015Wesley R EdensMajor ShareholderBuy200,000$6.06$1,212,000.00View SEC Filing  
5/28/2015Daniel BassCFOSell35,000$7.76$271,600.00View SEC Filing  
5/18/2015John KonawalikInsiderSell20,000$7.98$159,600.00View SEC Filing  
3/18/2014Daniel BassCFOSell65,000$8.04$522,600.00View SEC Filing  
3/18/2014David BrooksVPSell40,000$8.04$321,600.00View SEC Filing  
3/18/2014John KonawalikInsiderSell25,000$8.04$201,000.00View SEC Filing  
3/18/2014Michael Novogratzmajor shareholderSell276,065$8.04$2,219,562.60View SEC Filing  
3/18/2014Randal NardoneCEOSell720,000$8.04$5,788,800.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Fortress Investment Group LLC (NYSE:FIG)
Latest Headlines for Fortress Investment Group LLC (NYSE:FIG)
Source:
DateHeadline
finance.yahoo.com logoFortress Investment Group LLC breached its 50 day moving average in a Bearish Manner : FIG-US : May 19, 2017
finance.yahoo.com - May 19 at 4:58 PM
finance.yahoo.com logoFortress Investment Group LLC -- Moody's assigns first-time rating of Baa3 to FinCo I LLC
finance.yahoo.com - May 17 at 5:12 PM
streetinsider.com logoFortress Investment Group (FIG) IDR Rating Cut to Junk at Fitch; Outlook Stable - StreetInsider.com
www.streetinsider.com - May 16 at 10:10 PM
globenewswire.com logoFortress Investment Group LLC makes EUR 120M move on FinTech Leader Euroloan Group PLC - GlobeNewswire (press release)
globenewswire.com - May 13 at 8:01 AM
finance.yahoo.com logoFortress Investment (FIG) Lags Q1 Earnings, Costs Increase - Yahoo Finance
finance.yahoo.com - May 11 at 5:50 PM
feeds.benzinga.com logoFortress Investment Group LLC makes EUR 120M move on FinTech Leader Euroloan Group PLC
feeds.benzinga.com - May 11 at 5:37 AM
americanbankingnews.com logoFortress Investment Group LLC (FIG) Posts Earnings Results, Meets Expectations
www.americanbankingnews.com - May 9 at 12:52 PM
finance.yahoo.com logoFortress Investment (FIG) Lags Q1 Earnings, Costs Increase
finance.yahoo.com - May 9 at 9:49 AM
americanbankingnews.com logoFortress Investment Group LLC (FIG) to Issue $0.09 Quarterly Dividend
www.americanbankingnews.com - May 8 at 12:32 PM
rttnews.com logoEARNINGS SUMMARY: Details of Fortress Investment Group LLC Q1 Earnings Report
www.rttnews.com - May 8 at 8:52 AM
reuters.com logoBRIEF-Fortress Q1 loss per share $0.02
www.reuters.com - May 8 at 8:52 AM
finance.yahoo.com logoFortress Reports First Quarter 2017 Results and Announces Dividend of $0.09 per Share
finance.yahoo.com - May 8 at 8:52 AM
americanbankingnews.com logoFortress Investment Group (FIG) Given Daily Media Impact Score of 0.17
www.americanbankingnews.com - May 4 at 8:00 PM
finance.yahoo.com logoFortress Raises $590 million for Secured Lending Fund
finance.yahoo.com - May 3 at 5:01 PM
finance.yahoo.com logoItaly's Intesa in talks with CRC over 2.5 bln euro bad loan sale-sources
finance.yahoo.com - May 3 at 8:09 AM
americanbankingnews.com logoFortress Investment Group (FIG) Earning Somewhat Positive News Coverage, Report Finds
www.americanbankingnews.com - May 1 at 6:36 PM
americanbankingnews.com logoPositive Press Coverage Likely to Impact Fortress Investment Group (FIG) Share Price
www.americanbankingnews.com - April 26 at 4:08 PM
americanbankingnews.com logoSomewhat Favorable News Coverage Very Likely to Affect Fortress Investment Group (FIG) Share Price
www.americanbankingnews.com - April 23 at 10:01 PM
finance.yahoo.com logoHildene CLO III Ltd. -- Moody's rates CLO refinancing notes issued by Hildene CLO III, Ltd.
finance.yahoo.com - April 20 at 5:20 PM
finance.yahoo.com logoHildene CLO II Ltd. -- Moody's rates CLO refinancing notes issued by Hildene CLO II Ltd.
finance.yahoo.com - April 19 at 10:09 PM
finance.yahoo.com logoFortress Credit BSL II Limited -- Moody's rates CLO refinancing notes issued by Fortress Credit BSL II Limited
finance.yahoo.com - April 19 at 10:09 PM
finance.yahoo.com logoHildene CLO I Ltd. -- Moody's rates CLO refinancing notes issued by Hildene CLO I, Ltd.
finance.yahoo.com - April 18 at 11:39 AM
americanbankingnews.com logoSomewhat Favorable Media Coverage Very Likely to Impact Fortress Investment Group (FIG) Share Price
www.americanbankingnews.com - April 16 at 2:15 PM
americanbankingnews.com logoFortress Investment Group (FIG) Given News Impact Rating of 0.15
www.americanbankingnews.com - April 13 at 7:01 PM
finance.yahoo.com logoFortress Credit Opportunities V CLO Limited -- Moody's assigns ratings to two classes of notes issued by Fortress Credit Opportunities V CLO Limited
finance.yahoo.com - April 11 at 12:29 PM
finance.yahoo.com logoFortress Credit Opportunities III CLO LP -- Moody's assigns ratings to two classes of notes issued by Fortress Credit Opportunities III CLO LP
finance.yahoo.com - April 7 at 10:09 PM
finance.yahoo.com logoFortress Investment Group LLC : FIG-US: Dividend Analysis : March 15th, 2017 (record date) : By the numbers : April 5, 2017
finance.yahoo.com - April 7 at 9:49 AM
americanbankingnews.com logoFortress Investment Group LLC (FIG) Given Average Rating of "Hold" by Brokerages
www.americanbankingnews.com - March 30 at 12:10 PM
finance.yahoo.com logoGrupo Mexico to Acquire the Florida East Coast Railway Holdings Corporation
finance.yahoo.com - March 28 at 11:50 AM
finance.yahoo.com logoFortress Announces Release of 2016 K-1 Tax Packages
finance.yahoo.com - March 27 at 4:55 PM
bizjournals.com logoGroup funded by Wes Edens' firm likely to lose bid to keep Raiders in Oakland
www.bizjournals.com - March 27 at 11:42 AM
finance.yahoo.com logoFortress Investment downgraded by JMP Securities
finance.yahoo.com - March 8 at 6:02 PM
americanbankingnews.com logoFortress Investment Group LLC (FIG) Stock Rating Reaffirmed by JMP Securities
www.americanbankingnews.com - March 8 at 3:48 PM
biz.yahoo.com logoFORTRESS INVESTMENT GROUP LLC Files SEC form 8-K, Regulation FD Disclosure
biz.yahoo.com - March 7 at 10:02 PM
finance.yahoo.com logoFORTRESS INVESTMENT GROUP LLC Financials
finance.yahoo.com - March 4 at 5:30 PM
us.rd.yahoo.com logo[$$] SEC freezes accounts in SoftBank-Fortress insider trading probe
us.rd.yahoo.com - March 2 at 5:29 PM
finance.yahoo.com logoMystery Traders Made Millions Illegally on Fortress Deal
finance.yahoo.com - March 2 at 9:43 AM
bizjournals.com logoKC-area newspapers may get a new owner — SoftBank
www.bizjournals.com - March 1 at 4:55 PM
finance.yahoo.com logoFortress Investment (FIG) Beats on Q4 Earnings, Costs Up
finance.yahoo.com - March 1 at 12:30 PM
bizjournals.com logoRonnie Lott-led group submits Oakland stadium plan to NFL
www.bizjournals.com - March 1 at 12:30 PM
reuters.com logoBRIEF-Fortress Investment Group reports Q4 revenue of $438 million
www.reuters.com - February 28 at 5:22 PM
finance.yahoo.com logoCarige plans 450 mln euro share issue, bad loan spin-off
finance.yahoo.com - February 28 at 5:22 PM
nasdaq.com logoFortress Investment Group LLC Announces 59% Increase In Q4 Profit
www.nasdaq.com - February 28 at 8:33 AM
blogs.barrons.com logoSoftBank Close To $1.7 Billion Investment In Intelsat
blogs.barrons.com - February 28 at 8:32 AM
wsj.com logo[$$] Supersmart Robots Will Outnumber Humans Within 30 Years, Says SoftBank CEO
www.wsj.com - February 28 at 8:32 AM
finance.yahoo.com logoFortress Reports Fourth Quarter and Year End 2016 Results and Announces Dividend of $0.09 per Share
finance.yahoo.com - February 28 at 8:32 AM
biz.yahoo.com logoFORTRESS INVESTMENT GROUP LLC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements
biz.yahoo.com - February 28 at 8:32 AM
thestreet.com logoUniCredit Completes Most of a $13.6 Billion Rights Issue in One Day
www.thestreet.com - February 23 at 5:11 PM
finance.yahoo.com logoWEISSLAW LLP: Fortress Investment Group LLC Acquisition May Not Be in the Best Interests of FIG Shareholders
finance.yahoo.com - February 22 at 9:45 AM
ft.com logo[$$] Listed hedge funds: rescue me
www.ft.com - February 20 at 4:46 PM

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Fortress Investment Group LLC (FIG) Chart for Monday, May, 22, 2017

This page was last updated on 5/22/2017 by MarketBeat.com Staff