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 - NEC
  • Sub-Industry: N/A
  • Symbol: NYSE:FIG
  • CUSIP: N/A
  • Web: www.fortress.com
Capitalization:
  • Market Cap: $1.75 billion
  • Outstanding Shares: 218,008,000
Average Prices:
  • 50 Day Moving Avg: $8.01
  • 200 Day Moving Avg: $7.44
  • 52 Week Range: $4.50 - $8.05
P/E:
  • Trailing P/E Ratio: 20.72
  • Foreward P/E Ratio: 10.68
  • P/E Growth: 0.20
Sales & Book Value:
  • Annual Revenue: $933.37 million
  • Price / Sales: 1.87
  • Book Value: $2.53 per share
  • Price / Book: 3.17
Dividend:
  • Annual Dividend: $0.36
  • Dividend Yield: 4.5%
Profitability:
  • EBIDTA: $209.67 million
  • Net Margins: 8.26%
  • Return on Equity: 41.94%
  • Return on Assets: 16.42%
Debt:
  • Current Ratio: 0.80%
  • Quick Ratio: 0.80%
Misc:
  • Average Volume: 1.01 million shs.
  • Beta: 1.96
  • 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 dividend yield of 4.49%. 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) issued its earnings results on Monday, May, 8th. The company reported $0.19 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $0.19. The company had revenue of $232.23 million for the quarter, compared to analyst estimates of $258.70 million. Fortress Investment Group LLC had a net margin of 8.26% and a return on equity of 41.94%. 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 brokers have issued twelve-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 share 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 drop in short interest in the month of June. As of June 15th, there was short interest totalling 654,302 shares, a drop of 35.4% from the May 31st total of 1,013,094 shares. Based on an average trading volume of 726,267 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.3% of the shares of the company 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 many different of retail and institutional investors. Top institutional investors include Chicago Capital Management LLC (0.78%), Bank of Montreal Can (0.74%), Opera Trading Capital (0.14%), Mizuho Securities USA LLC (0.09%), Virtu Financial LLC (0.02%) and Guinness Asset Management Ltd (0.01%). 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 Chicago Capital Management 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 acquired by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Opera Trading Capital, Mizuho Securities USA LLC and Virtu Financial 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.

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

One share of Fortress Investment Group LLC stock can currently be purchased for approximately $8.01.


MarketBeat Community Rating for Fortress Investment Group LLC (NYSE FIG)
Community Ranking:  1.9 out of 5 ()
Outperform Votes:  110 (Vote Outperform)
Underperform Votes:  175 (Vote Underperform)
Total Votes:  285
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 (25.09% 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 7/24/2015 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)
Most Recent Dividend:5/26/2017
Annual Dividend:$0.36
Dividend Yield:4.49%
Dividend Growth:13.40% (3 Year Average)
Payout Ratio:116.13% (Trailing 12 Months of Earnings)
47.37% (Based on This Year's Estimates)
48.00% (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: 43.68%
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
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
americanbankingnews.com logoCritical Analysis: Fortress Investment Group (FIG) vs. Noah Holdings (NOAH)
www.americanbankingnews.com - June 29 at 10:49 AM
americanbankingnews.com logoFortress Investment Group LLC (FIG) Upgraded to "Buy" by BidaskClub
www.americanbankingnews.com - June 23 at 9:32 PM
americanbankingnews.com logoFortress Investment Group LLC (FIG) Receives Consensus Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - June 23 at 5:06 PM
finance.yahoo.com logoFortress Investment Group LLC breached its 50 day moving average in a Bearish Manner : FIG-US : June 16, 2017
finance.yahoo.com - June 16 at 4:09 PM
finance.yahoo.com logoItaly's Monte dei Paschi Faces Uncertain Future After Two U.S. Funds Bail on Bailout
finance.yahoo.com - June 16 at 4:09 PM
businesswire.com logoNorsk Titanium Announces Strategic Investment from an Affiliate of Fortress Investment Group
www.businesswire.com - June 12 at 3:25 AM
finance.yahoo.com logoNorthridge Capital Announces Groundbreaking for W Aspen
finance.yahoo.com - June 8 at 6:14 PM
finance.yahoo.com logoFortress Investment Group LLC breached its 50 day moving average in a Bullish Manner : FIG-US : June 6, 2017
finance.yahoo.com - June 6 at 5:35 PM
finance.yahoo.com logoFortress Investment Group LLC :FIG-US: Earnings Analysis: Q1, 2017 By the Numbers : June 5, 2017
finance.yahoo.com - June 5 at 11:14 AM
bizjournals.com logoTechnical Reports on Asset Management Stocks -- Fortress Investment, Janus Capital, Legg Mason, and New Mountain Finance
www.bizjournals.com - May 25 at 7:20 PM
prnewswire.com logoTechnical Reports on Asset Management Stocks -- Fortress Investment, Janus ...
www.prnewswire.com - May 25 at 7:20 PM
finance.yahoo.com logoFortress Investment Group LLC : FIG-US: Dividend Analysis : May 22nd, 2017 (record date) : By the numbers : May 23, 2017
finance.yahoo.com - May 23 at 11:58 AM
finance.yahoo.com logoItaly expects EU deal for Monte dei Paschi rescue within days
finance.yahoo.com - May 23 at 11:58 AM
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

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Fortress Investment Group LLC (FIG) Chart for Monday, July, 24, 2017

This page was last updated on 7/24/2017 by MarketBeat.com Staff