Fortress Investment Group LLC Company Profile (NYSE:FIG)

About Fortress Investment Group LLC

Fortress Investment Group LLC logoFortress Investment Group LLC (Fortress) is an investment management firm with approximately $70.5 billion in assets under management (AUM). 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 (collectively, the Fortress Funds). Fortress makes investments in these funds. Fortress's primary sources of income from the Fortress Funds are management fees, incentive income and investment income on its investments in the funds. The Company's private equity business manages approximately $15.8 billion of AUM; credit funds business manages over $18.1 billion of AUM; liquid hedge funds business manages over $5.4 billion of AUM, and Logan Circle business manages approximately $31.2 billion of AUM.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Asset Management
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: FIG
  • CUSIP:
Key Metrics:
  • Previous Close: $7.99
  • 50 Day Moving Average: $5.33
  • 200 Day Moving Average: $5.12
  • 52-Week Range: $4.15 - $8.05
  • Trailing P/E Ratio: 40.15
  • Foreward P/E Ratio: 9.61
  • P/E Growth: 0.22
  • Market Cap: $1.73B
  • Outstanding Shares: 216,839,000
  • Beta: 1.77
Profitability:
  • Net Margins: 10.21%
  • Return on Equity: 42.59%
  • Return on Assets: 16.78%
Debt:
  • Current Ratio: 0.67%
  • Quick Ratio: 0.67%
Additional Links:
Companies Related to Fortress Investment Group LLC:

Analyst Ratings

Consensus Ratings for Fortress Investment Group LLC (NYSE:FIG) (?)
Ratings Breakdown: 4 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 2.43)
Consensus Price Target: $6.50 (18.55% downside)

Analysts' Ratings History for Fortress Investment Group LLC (NYSE:FIG)
Show:
DateFirmActionRatingPrice TargetDetails
1/2/2017Credit Suisse GroupSet Price TargetHold$6.00View Rating Details
11/4/2016FIG PartnersReiterated RatingHoldView Rating Details
10/15/2016Keefe, Bruyette & WoodsSet Price TargetHold$6.00View Rating Details
4/18/2016Royal Bank Of CanadaLower Price TargetOutperform$10.00 -> $9.00View Rating Details
4/12/2016Jefferies Group LLCLower Price TargetHold$5.00View Rating Details
3/17/2016Oppenheimer Holdings, Inc.Reiterated RatingOutperformView Rating Details
3/9/2016Compass PointLower Price TargetBuy$7.50 -> $6.50View Rating Details
1/13/2016JMP SecuritiesLower Price Target$10.00 -> $9.00View Rating Details
(Data available from 2/22/2015 forward)

Earnings

Earnings History for Fortress Investment Group LLC (NYSE:FIG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/23/2017$0.20N/AView Earnings Details
11/3/2016Q316$0.19$0.23$249.25 million$261.00 millionViewN/AView Earnings Details
7/28/2016Q216$0.18$0.26$235.83 million$232.00 millionViewListenView Earnings Details
5/5/2016Q116$0.14$0.04$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$0.16$0.24$234.27 million$344.00 millionViewN/AView Earnings Details
10/30/2014Q314$0.16$0.12$226.53 million$404.00 millionViewN/AView Earnings Details
7/31/2014Q214$0.31$0.39$221.60 million$427.00 millionViewN/AView Earnings Details
5/1/2014Q114$0.16$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)
Current Year EPS Consensus Estimate: $0.71 EPS
Next Year EPS Consensus Estimate: $0.83 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$0.17$0.19$0.18
Q2 20162$0.20$0.22$0.21
Q3 20162$0.26$0.26$0.26
Q4 20162$0.22$0.26$0.24
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)
Annual Dividend:$0.36
Dividend Yield:4.51%
Dividend Growth:13.40% (3 Year Average)
Payout Ratio:225.01% (Based on Trailing 12 Months of Earnings)
50.70% (Based on Current Year Consensus EPS Estimate)
43.37% (Based on Next Year Consensus EPS Estimate)

Dividend History for Fortress Investment Group LLC (NYSE:FIG)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
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 History for Fortress Investment Group LLC (NYSE:FIG)
Insider Ownership Percentage: 45.20%
Institutional Ownership Percentage: 30.31%
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

Latest Headlines for Fortress Investment Group LLC (NYSE:FIG)
DateHeadline
News IconFortress Investment Group LLC (NYSE:FIG) (NYSE:FIG)
upbeacon.net - February 20 at 4:46 PM
ft.com logo[$$] Listed hedge funds: rescue me (NYSE:FIG)
www.ft.com - February 20 at 4:46 PM
News IconRevenue Approximations Analysis: Fortress Investment Group LLC (FIG), The AES Corporation (AES) - StockNewsJournal (NYSE:FIG)
stocknewsjournal.com - February 20 at 11:12 AM
News IconEPS Of Fortress Investment Group LLC (NYSE:FIG) At $0.24 - Stock Observer (NYSE:FIG)
www.thestockobserver.com - February 18 at 4:51 PM
News IconSoftbank Group Corp is Buying Fortress Investment Group Llc. (NYSE:FIG) Shares - Small Cap Exclusive (press release) (NYSE:FIG)
smallcapexclusive.com - February 18 at 4:51 PM
News IconSizzling Mover to Target: Fortress Investment Group LLC (NYSE:FIG) (NYSE:FIG)
xboxonezone.com - February 18 at 11:23 AM
News IconActive Mover -Fortress Investment Group LLC's (FIG) (NYSE:FIG)
hoyentv.com - February 18 at 11:23 AM
prnewswire.com logoFortress (FIG) Alert: Johnson & Weaver, LLP Launches an Investigation into the Fairness of Price and Process in ... - PR Newswire (press release) (NYSE:FIG)
www.prnewswire.com - February 17 at 3:46 PM
News IconLet's Get Complex With Fortress Investment Group LLC (FIG) - Post Analyst (NYSE:FIG)
postanalyst.com - February 17 at 3:46 PM
businesswire.com logoINVESTOR ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Fortress Investment Group ... - Business Wire (press release) (NYSE:FIG)
www.businesswire.com - February 17 at 3:46 PM
News IconThe Technicals For Fortress Investment Group LLC (FIG) Have Been Dissected (Brutally) - NY Stock News (NYSE:FIG)
nystocknews.com - February 17 at 3:46 PM
News IconTechnicals in Focus for Fortress Investment Group LLC (FIG) - The USA Commerce (NYSE:FIG)
theusacommerce.com - February 17 at 3:46 PM
investopedia.com logoSoftBank to Buy Fortress Investment for $3 Billion (FIG, SFTBY) - Investopedia (NYSE:FIG)
www.investopedia.com - February 17 at 3:46 PM
investorplace.com logoFortress Investment Group LLC (FIG) Stock Flies on SoftBank Deal - Investorplace.com (NYSE:FIG)
investorplace.com - February 17 at 3:46 PM
investopedia.com logoSoftBank to Buy Fortress Investment for $3 Billion (NYSE:FIG)
www.investopedia.com - February 17 at 3:46 PM
News IconSoftBank to acquire USA private equity firm Fortress Investment for $3.3 bn (NYSE:FIG)
mundoaguaysaneamiento.net - February 17 at 9:17 AM
4-traders.com logoFortress Investment LLC : DigitalOcean Secures USD50 Million in Venture Funding from Fortress Investment (NYSE:FIG)
www.4-traders.com - February 17 at 9:17 AM
finance.yahoo.com logoBlog Coverage Softbank To Acquire Fortress Group for $3.3 billion; Plans to Strengthen Vision Fund (NYSE:FIG)
finance.yahoo.com - February 17 at 9:17 AM
finance.yahoo.com logoFortress Credit Business and Drawbridge Special Opportunities Funds Receive Top Honors at Alt Credit Intelligence 2017 U.S. Performance Awards (NYSE:FIG)
finance.yahoo.com - February 17 at 9:17 AM
News IconSoftBank to acquire Fortress Investment (NYSE:FIG)
americanshipper.com - February 16 at 5:08 PM
News IconFORTRESS INVESTMENT GROUP LLC SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout (NYSE:FIG)
www.cbs58.com - February 16 at 5:08 PM
benzinga.com logoFortress Investment Group And Why Option Alerts Are So Important (NYSE:FIG)
www.benzinga.com - February 16 at 5:08 PM
finance.yahoo.com logoINVESTOR ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Fortress Investment … (NYSE:FIG)
finance.yahoo.com - February 16 at 5:08 PM
biz.yahoo.com logoFORTRESS INVESTMENT GROUP LLC Files SEC form 8-K, Entry into a Material Definitive Agreement, Change in Directors or (NYSE:FIG)
us.rd.yahoo.com - February 16 at 5:08 PM
us.rd.yahoo.com logoHarwood Feffer LLP Announces Investigation of Fortress Investment Group LLC (NYSE:FIG)
us.rd.yahoo.com - February 16 at 5:08 PM
us.rd.yahoo.com logoAgecroft Founder Says SoftBank-Fortress Deal Makes Sense (NYSE:FIG)
us.rd.yahoo.com - February 16 at 5:08 PM
us.rd.yahoo.com logo[$$] Bets on Fortress placed before bid news yield 400% profit (NYSE:FIG)
us.rd.yahoo.com - February 16 at 5:08 PM
wsj.com logo[$$] Behind the Fortress Deal: A Japanese Billionaire's Huge Ambitions (NYSE:FIG)
www.wsj.com - February 16 at 5:08 PM
wsj.com logo[$$] Behind the Fortress Deal: A Japanese Billionaire’s Huge Ambitions (NYSE:FIG)
www.wsj.com - February 16 at 5:08 PM
finance.yahoo.com logoFortress (FIG) to be Acquired by SoftBank for $3.3 Billion (NYSE:FIG)
finance.yahoo.com - February 16 at 5:08 PM
finance.yahoo.com logoINVESTOR ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Fortress Investment Group LLC And Encourages Shareholders To Contact The Firm For Additional Information (NYSE:FIG)
finance.yahoo.com - February 16 at 5:08 PM
bizjournals.com logoBucks' Edens to gain $138M in sale of investment firm to Japanese conglomerate (NYSE:FIG)
www.bizjournals.com - February 16 at 5:08 PM
investorplace.com logoFortress Investment Group LLC (FIG) Stock Flies on SoftBank Deal (NYSE:FIG)
investorplace.com - February 15 at 9:18 PM
fool.com logoWhy Shares of Fortress Investment Group LLC Are Surging (NYSE:FIG)
www.fool.com - February 15 at 12:18 PM
News IconSoftBank is buying Fortress for $3.3 billion — and Fortress is soaring (FIG) - Danbury News Times (NYSE:FIG)
www.newstimes.com - February 15 at 4:20 AM
marketwatch.com logoFortress Investment shares rally on SoftBank takeover deal - MarketWatch (NYSE:FIG)
www.marketwatch.com - February 15 at 4:20 AM
News IconAre Analysts Optimistic About Where Fortress Investment Group LLC (NYSE:FIG) is Heading? - Winfield Review (NYSE:FIG)
winfieldreview.com - February 15 at 4:20 AM
News IconSoftBank to buy Fortress Investment for $3.3 bn in cash (NYSE:FIG)
www.telecomlead.com - February 14 at 11:19 PM
nasdaq.com logoSoftBank Group To Buy Fortress Investment For About $3.3 Bln In Cash (NYSE:FIG)
www.nasdaq.com - February 14 at 11:19 PM
streetinsider.com logoSoftBank Group to Acquire Fortress Investment Group (FIG) for $3.3B (NYSE:FIG)
www.streetinsider.com - February 14 at 11:19 PM
seekingalpha.com logoSoftBank acquiring Fortress Investment Group in $3.3B deal (NYSE:FIG)
seekingalpha.com - February 14 at 11:19 PM
4-traders.com logoFortress Investment LLC : Japan's SoftBank to buy Fortress Investment for $3.3 billion (NYSE:FIG)
www.4-traders.com - February 14 at 11:19 PM
reuters.com logoBRIEF-Softbank Group to acquire Fortress Investment Group for $3.3 bln (NYSE:FIG)
www.reuters.com - February 14 at 11:19 PM
bloomberg.com logoSoftBank to Buy Fortress Investment Group for $3.3 Billion (NYSE:FIG)
us.rd.yahoo.com - February 14 at 11:19 PM
finance.yahoo.com logo6:09 pm Fortress Investment: SoftBank (SFTBY (NYSE:FIG)
finance.yahoo.com - February 14 at 11:19 PM
finance.yahoo.com logoSoftBank to buy Fortress Investment for $3.3 bln (NYSE:FIG)
finance.yahoo.com - February 14 at 11:19 PM
marketwatch.com logoFortress Investment shares rally on SoftBank takeover deal (NYSE:FIG)
www.marketwatch.com - February 14 at 11:19 PM
finance.yahoo.com logoWhy Softbank Buying Fortress Investment Is a Big Deal (NYSE:FIG)
finance.yahoo.com - February 14 at 11:19 PM
sg.finance.yahoo.com logoSoftBank to buy Fortress Investment for $3.3 billion (NYSE:FIG)
sg.finance.yahoo.com - February 14 at 11:19 PM
blogs.barrons.com logoSoftBank To Buy PE Firm Fortress For $3.3 Billion, At 30% Premium (NYSE:FIG)
blogs.barrons.com - February 14 at 11:19 PM

Social

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 announced a quarterly dividend on Thursday, November 3rd. Shareholders of record on Monday, November 14th will be paid a dividend of $0.09 per share on Friday, November 18th. This represents a $0.36 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend is Wednesday, November 9th.

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

7 brokerages have issued 12 month price objectives for Fortress Investment Group LLC's stock. Their forecasts range from $5.00 to $9.00. On average, they expect Fortress Investment Group LLC's stock price to reach $6.50 in the next year.

When will Fortress Investment Group LLC announce their earnings?

Fortress Investment Group LLC is scheduled to release their next quarterly earnings announcement on Thursday, February, 23rd 2017.

Who owns Fortress Investment Group LLC stock?

Fortress Investment Group LLC's stock is owned by a number of of institutional and retail investors. Top institutional investors include Allianz Asset Management AG (2.98%), FMR LLC (1.83%), Artemis Investment Management LLP (0.80%), Highland Capital Management LP (0.60%), Renaissance Technologies LLC (0.38%) and Royce & Associates LP (0.27%). Company insiders that own Fortress Investment Group LLC stock include Daniel Bass, John Konawalik and Wesley R Edens.

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 Artemis Investment Management LLP, Allianz Asset Management AG, Highland Capital Management LP, Baird Financial Group Inc., FMR LLC, Royce & Associates LP and First Republic Investment Management Inc..

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

Fortress Investment Group LLC's stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Glacier Peak Capital LLC, Two Sigma Investments LP, GSA Capital Partners LLP, Commerzbank Aktiengesellschaft FI, Diligent Investors LLC, William Harris Investors Inc. and Raymond James Financial Services Advisors Inc..

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 $7.98.

Fortress Investment Group LLC (NYSE:FIG) Chart for Wednesday, February, 22, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Fortress Investment Group LLC (NYSE:FIG)

Earnings History Chart

Earnings by Quarter for Fortress Investment Group LLC (NYSE:FIG)

Dividend History Chart

Dividend Payments by Quarter for Fortress Investment Group LLC (NYSE:FIG)

Last Updated on 2/22/2017 by MarketBeat.com Staff