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: Investment Management & Fund Operators
  • Sub-Industry: N/A
  • Symbol: NYSE:FIG
  • CUSIP: N/A
  • Web: www.fortress.com
Capitalization:
  • Market Cap: $1.75 billion
  • Outstanding Shares: 219,367,000
Average Prices:
  • 50 Day Moving Avg: $7.98
  • 200 Day Moving Avg: $7.99
  • 52 Week Range: $4.50 - $8.05
P/E:
  • Trailing P/E Ratio: 20.20
  • Foreward P/E Ratio: 9.61
  • P/E Growth: 0.21
Sales & Book Value:
  • Annual Revenue: $950.66 million
  • Price / Sales: 1.84
  • Book Value: $2.49 per share
  • Price / Book: 3.20
Dividend:
  • Annual Dividend: $0.36
  • Dividend Yield: 4.5%
Profitability:
  • EBIDTA: $273.52 million
  • Net Margins: 10.61%
  • Return on Equity: 38.79%
  • Return on Assets: 15.58%
Debt:
  • Current Ratio: 0.78%
  • Quick Ratio: 0.78%
Misc:
  • Average Volume: 970,602 shs.
  • Beta: 1.95
  • Short Ratio: 1.18
 

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 paid 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 4.51%. The ex-dividend date of this dividend 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) released its earnings results on Thursday, August, 3rd. The company reported $0.22 EPS for the quarter, topping the Zacks' consensus estimate of $0.20 by $0.03. The company had revenue of $246.99 million for the quarter. Fortress Investment Group LLC had a return on equity of 38.79% and a net margin of 10.61%. View Fortress Investment Group LLC's Earnings History.

When will Fortress Investment Group LLC make its next earnings announcement?

Fortress Investment Group LLC is scheduled to release their next quarterly earnings announcement on Thursday, November, 2nd 2017. View Earnings Estimates for Fortress Investment Group LLC.

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

4 equities research analysts have issued twelve-month price objectives 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 twelve months. View Analyst Ratings for Fortress Investment Group LLC.

Are investors shorting Fortress Investment Group LLC?

Fortress Investment Group LLC saw a increase in short interest in August. As of August 15th, there was short interest totalling 883,168 shares, an increase of 62.9% from the July 31st total of 542,094 shares. Based on an average daily trading volume, of 1,496,486 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.4% of the company's shares are sold short.

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

Who are Fortress Investment Group LLC's key executives?

Fortress Investment Group LLC's management team includes the folowing people:

  • Peter L. Briger Jr., Co-Chairman of the Board, Principal
  • Wesley Robert Edens, Co-Chairman of the Board, Principal
  • Randal A. Nardone, Chief Executive Officer, Principal, Director
  • Daniel N. Bass, Chief Financial Officer
  • David N. Brooks, Vice President, General Counsel, Secretary
  • David B. Barry, Independent Director
  • Douglas L. Jacobs, Independent Director
  • Michael G. Rantz, Independent Director
  • George W. Wellde Jr., Independent Director

Who owns Fortress Investment Group LLC stock?

Fortress Investment Group LLC's stock is owned by a number of of retail and institutional investors. Top institutional investors include JPMorgan Chase & Co. (5.87%), Citigroup Inc. (4.76%), Goldman Sachs Group Inc. (4.51%), York Capital Management Global Advisors LLC (3.10%), Diamond Hill Capital Management Inc. (1.75%) and Omni Partners LLP (1.44%). 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 Wells Fargo & Company MN, Gluskin Sheff & Assoc Inc., Artemis Investment Management LLP, Diamond Hill Capital Management Inc., Royal Bank of Canada, Raymond James Financial Services Advisors Inc., Gamco Investors INC. ET AL and Quinn Opportunity Partners 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 purchased by a variety of institutional investors in the last quarter, including SG Americas Securities LLC, Bank of Montreal Can, JPMorgan Chase & Co., Ameriprise Financial Inc., Citigroup Inc., Omni Partners LLP, OMERS ADMINISTRATION Corp and Opera Trading Capital. 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.

What is Fortress Investment Group LLC's stock price today?

One share of Fortress Investment Group LLC stock can currently be purchased for approximately $7.98.


MarketBeat Community Rating for Fortress Investment Group LLC (NYSE FIG)
Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  129 (Vote Outperform)
Underperform Votes:  201 (Vote Underperform)
Total Votes:  330
MarketBeat's community ratings are surveys of what our community members think about Fortress Investment Group LLC and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Fortress Investment Group LLC (NYSE:FIG) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 4 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $6.00 (24.81% 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 GroupSet 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 9/22/2015 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
11/2/2017        
8/3/2017Q2 2017$0.20$0.22$246.99 millionViewN/AView Earnings Details
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: $1.00
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$0.26$0.26
Q4 20172$0.27$0.28$0.28
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Fortress Investment Group LLC (NYSE:FIG)
Most Recent Dividend:5/26/2017
Annual Dividend:$0.36
Dividend Yield:4.51%
Dividend Growth:13.40% (3 Year Average)
Payout Ratio:81.82% (Trailing 12 Months of Earnings)
48.65% (Based on This Year's Estimates)
43.37% (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: 40.19%
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
americanbankingnews.com logoFortress Investment Group LLC (FIG) Rating Increased to Hold at Zacks Investment Research
www.americanbankingnews.com - September 20 at 12:08 AM
nasdaq.com logoMetLife's Logan Circle Buy to Boost Investment Management - Nasdaq
www.nasdaq.com - September 18 at 8:54 PM
finance.yahoo.com logoMetLife's Logan Circle Buy to Boost Investment Management
finance.yahoo.com - September 18 at 3:53 PM
finance.yahoo.com logoMetLife Completes Acquisition of Logan Circle Partners, L.P.
finance.yahoo.com - September 15 at 7:15 PM
finance.yahoo.com logoWhere Lasry, Edens, Dinan See Investment Opportunities
finance.yahoo.com - September 15 at 7:15 PM
americanbankingnews.com logoHead-To-Head Review: Fortress Investment Group (FIG) versus Its Competitors
www.americanbankingnews.com - September 15 at 12:34 PM
americanbankingnews.com logoContrasting Bank Of New York Mellon Corporation (The) (BK) and Fortress Investment Group (FIG)
www.americanbankingnews.com - September 14 at 10:24 PM
bloomberg.com logoAmazon's Grocery Threat Could Be a Real Estate Opportunity
www.bloomberg.com - September 14 at 8:18 PM
finance.yahoo.com logoFortress Investment Group LLC breached its 50 day moving average in a Bullish Manner : FIG-US : September 14, 2017
finance.yahoo.com - September 14 at 3:17 PM
americanbankingnews.com logoAnalyzing Arlington Asset Investment Corp (AI) & Fortress Investment Group (FIG)
www.americanbankingnews.com - September 8 at 4:14 PM
americanbankingnews.com logoFortress Investment Group LLC (FIG) Receives Average Rating of "Hold" from Brokerages
www.americanbankingnews.com - September 6 at 6:46 PM
americanbankingnews.com logoFortress Investment Group LLC (FIG) Sees Large Increase in Short Interest
www.americanbankingnews.com - August 31 at 1:46 AM
americanbankingnews.com logoHead to Head Comparison: Janus Capital Group (JNS) & Fortress Investment Group (FIG)
www.americanbankingnews.com - August 29 at 6:18 PM
americanbankingnews.com logoHead-To-Head Analysis: Fortress Investment Group (FIG) vs. Safeguard Scientifics (SFE)
www.americanbankingnews.com - August 28 at 10:06 PM
americanbankingnews.com logoFortress Investment Group LLC (FIG) Cut to "Sell" at BidaskClub
www.americanbankingnews.com - August 20 at 1:14 PM
americanbankingnews.com logoNorthern Trust Corporation (NTRS) & Fortress Investment Group (FIG) Head to Head Contrast
www.americanbankingnews.com - August 17 at 12:14 AM
americanbankingnews.com logoFortress Investment Group LLC (NYSE:FIG) Rating Increased to Hold at BidaskClub
www.americanbankingnews.com - August 13 at 11:58 AM
americanbankingnews.com logoFortress Investment Group LLC (NYSE:FIG) Receives Average Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - August 12 at 6:56 PM
americanbankingnews.com logoFinancial Review: Waddell & Reed Financial (WDR) and Fortress Investment Group (FIG)
www.americanbankingnews.com - August 11 at 4:58 PM
americanbankingnews.com logoFortress Investment Group LLC (NYSE:FIG) Downgraded to "Sell" at Zacks Investment Research
www.americanbankingnews.com - August 8 at 7:00 PM
americanbankingnews.com logoJefferies Group Analysts Reduce Earnings Estimates for Fortress Investment Group LLC (FIG)
www.americanbankingnews.com - August 7 at 7:08 AM
americanbankingnews.com logoFortress Investment Group LLC (FIG) Announces Quarterly Earnings Results
www.americanbankingnews.com - August 5 at 11:00 PM
businesswire.com logoFortress Reports Second Quarter 2017 Results - Business Wire (press release)
www.businesswire.com - August 3 at 3:55 PM
finance.yahoo.com logoFortress Reports Second Quarter 2017 Results
finance.yahoo.com - August 3 at 3:55 PM
finance.yahoo.com logoFortress Investment Group LLC breached its 50 day moving average in a Bullish Manner : FIG-US : August 3, 2017
finance.yahoo.com - August 3 at 3:55 PM
americanbankingnews.com logoFortress Investment Group LLC (FIG) Short Interest Update
www.americanbankingnews.com - August 2 at 7:10 AM
finance.yahoo.com logoVannin Capital launches an office in NYC
finance.yahoo.com - August 1 at 7:19 PM
finance.yahoo.com logoCarige aims for 200 mln euro capital boost from asset sales
finance.yahoo.com - July 31 at 6:22 PM
americanbankingnews.com logoFortress Investment Group LLC (FIG) Lowered to Sell at BidaskClub
www.americanbankingnews.com - July 29 at 5:25 PM
americanbankingnews.com logo$0.25 Earnings Per Share Expected for Fortress Investment Group LLC (NYSE:FIG) This Quarter
www.americanbankingnews.com - July 26 at 8:20 PM
News IconMOVES-Deutsche Bank hires Goldman FIG banker Kakuta: memo - Business Insider
www.businessinsider.com - July 26 at 5:00 AM
reuters.com logoMOVES-Deutsche Bank hires Goldman FIG banker Kakuta: memo - Reuters
www.reuters.com - July 25 at 6:54 PM
prnewswire.com logoFortress to Acquire Colony American Finance, LLC - PR Newswire (press release)
www.prnewswire.com - July 18 at 8:04 PM
finance.yahoo.com logoFortress to Acquire Colony American Finance, LLC
finance.yahoo.com - July 18 at 8:04 PM
americanbankingnews.com logoFortress Investment Group LLC (NYSE:FIG) Given Consensus Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - July 18 at 7:22 PM
americanbankingnews.com logoFortress Investment Group LLC (FIG) Downgraded by BidaskClub
www.americanbankingnews.com - July 17 at 12:34 AM
businesswire.com logoFortress Shareholders Approve Proposed Acquisition by SoftBank - Business Wire (press release)
www.businesswire.com - July 12 at 7:21 PM
finance.yahoo.com logoFortress Shareholders Approve Proposed Acquisition by SoftBank
finance.yahoo.com - July 12 at 7:21 PM
nasdaq.com logoFortress (FIG) to Divest Logan Circle Partners, Stock Down - Nasdaq
www.nasdaq.com - July 12 at 12:49 AM
finance.yahoo.com logoCorporate News Blog - MetLife Acquires Logan Circle Partners from Fortress Investment Group
finance.yahoo.com - July 11 at 7:49 PM
finance.yahoo.com logoFortress (FIG) to Divest Logan Circle Partners, Stock Down
finance.yahoo.com - July 11 at 7:49 PM
finance.yahoo.com logoWhy MetLife Decided to Pursue a Takeover of Logan Circle
finance.yahoo.com - July 11 at 7:49 PM
finance.yahoo.com logoMetLife CIO Sees Logan Circle Deal as 'Jump Start'
finance.yahoo.com - July 11 at 7:49 PM
nasdaq.com logoMetLife to Buy Logan Circle, Expand Investment Management - Nasdaq
www.nasdaq.com - July 10 at 6:36 PM
reuters.com logoMetLife says to buy bond fund manager Logan Circle for $250 million - Reuters
www.reuters.com - July 8 at 10:54 PM
reuters.com logoMetLife says to buy bond fund manager Logan Circle for $250 million
www.reuters.com - July 8 at 10:50 AM
finance.yahoo.com logoItaly's doBank IPO oversubscribed - sources
finance.yahoo.com - July 8 at 10:50 AM
finance.yahoo.com logoMetlife to buy Fortress Investment's unit for $250 million
finance.yahoo.com - July 8 at 10:50 AM
americanbankingnews.com logoFortress Investment Group LLC (NYSE:FIG) Sees Large Drop in Short Interest
www.americanbankingnews.com - July 4 at 7:06 AM
finance.yahoo.com logoFortress Investment Group LLC breached its 50 day moving average in a Bearish Manner : FIG-US : July 3, 2017
finance.yahoo.com - July 3 at 6:25 PM

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Fortress Investment Group LLC (FIG) Chart for Friday, September, 22, 2017

This page was last updated on 9/22/2017 by MarketBeat.com Staff