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Last $7.83 USD
Change Today +0.07 / 0.90%
Volume 572.9K
FIG On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

fortress investment grp-cl a (FIG) Snapshot

Open
$7.75
Previous Close
$7.76
Day High
$7.84
Day Low
$7.69
52 Week High
04/9/15 - $8.65
52 Week Low
10/15/14 - $5.37
Market Cap
3.4B
Average Volume 10 Days
935.7K
EPS TTM
$0.45
Shares Outstanding
208.6M
EX-Date
05/14/15
P/E TM
17.6x
Dividend
$0.32
Dividend Yield
10.23%
Current Stock Chart for FORTRESS INVESTMENT GRP-CL A (FIG)

fortress investment grp-cl a (FIG) Details

Fortress Investment Group LLC is a publicly owned investment manager. The firm provides its services to pooled investment vehicles, pension and profit sharing plans, corporations, institutional managed accounts and structured products, banking or thrift institutions, investment companies, charitable organizations, and state or municipal government entities. It launches and manages hedge funds, balanced mutual funds, and private equity funds. The firm invests in the public the private equity and alternative investment markets across the globe. It invests in distressed and undervalued assets and tangible & intangible assets such as real estate, capital assets, natural resources, and intellectual property. The firm’s alternative investments include investment in currency, commodity, real estate markets, and distressed real estate loan acquisitions. It employs value strategy to make its investments. The firm employs a fundamental analysis with bottom-up approach to create its investment portfolio. Fortress Investment Group LLC was founded in 1998 and is based in New York, New York with additional offices in United States, Europe, Asia, and Australia.

2,920 Employees
Last Reported Date: 05/7/15
Founded in 1998

fortress investment grp-cl a (FIG) Top Compensated Officers

Co-Founder, Chief Executive Officer, Principa...
Total Annual Compensation: $2.4M
Co-Chairman, President, Principal, Head of Cr...
Total Annual Compensation: $22.0M
Co-Founder, Co-Chairman of the Board, Princip...
Total Annual Compensation: $3.6M
Chief Financial Officer
Total Annual Compensation: $3.0M
Vice President, General Counsel and Secretary
Total Annual Compensation: $3.0M
Compensation as of Fiscal Year 2014.

fortress investment grp-cl a (FIG) Key Developments

Fortress Investment Group LLC's Subsidiary Forms Strategic Alliance with Mount Kellett Capital Management LP

Fortress Investment Group LLC declared that its affiliate reached an agreement with Mount Kellett Capital Management LP, to become co-manager with Mount Kellett of the Mount Kellett investment funds and related accounts (collectively, the funds), a strategic alliance. Mount Kellett affiliates will continue to serve as general partner of the funds and affiliates of Fortress will become special limited partners of the funds. The transaction is subject to receipt of Mount Kellett investor consent and certain other approvals and the execution of definitive agreements. The transaction will close on or about 30 June 2015.

Fortress Investment Group LLC Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Fortress Investment Group LLC announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues were $226.7 million against $237.110 million a year ago. Income before income taxes was $105.32 million against $15.1 million a year ago. Net income attributable to class A shareholders was $34.713 million against $3.024 million a year ago. Basic and diluted earnings per class A share were $0.15 against $0.01 a year ago. The year-over-year increase in Fortress's first quarter 2015 GAAP net income was primarily driven by a $198 million increase in other income, partially offset by a $98 million increase in expenses.

Fortress Investment Group LLC Declares First Quarter 2015 Cash Dividend Payable on May 21, 2015

Fortress Investment Group LLC Board of Directors declared a first quarter 2015 cash dividend of $0.08 per dividend paying share. The dividend is payable on May 21, 2015 to Class A shareholders of record as of the close of business on May 18, 2015.

 

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FIG Competitors

Market data is delayed at least 15 minutes.

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Industry Analysis

FIG

Industry Average

Valuation FIG Industry Range
Price/Earnings 27.4x
Price/Sales 1.1x
Price/Book 2.7x
Price/Cash Flow 15.8x
TEV/Sales 1.6x
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