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Last $6.84 USD
Change Today +0.02 / 0.29%
Volume 688.2K
FIG On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

fortress investment grp-cl a (FIG) Snapshot

Open
$6.85
Previous Close
$6.82
Day High
$6.92
Day Low
$6.75
52 Week High
04/9/15 - $8.65
52 Week Low
10/15/14 - $5.37
Market Cap
3.0B
Average Volume 10 Days
565.5K
EPS TTM
$0.32
Shares Outstanding
215.7M
EX-Date
08/7/15
P/E TM
21.7x
Dividend
$0.32
Dividend Yield
11.70%
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.

8,993 Employees
Last Reported Date: 02/26/15
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 Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Fortress Investment Group LLC reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $308,488,000 compared to $270,344,000 a year ago. Loss before income taxes was $220,000 compared to income before income taxes of $81,372,000 a year ago. Net income was $4,979,000 compared to $73,456,000 a year ago. Net income attributable to Class A shareholders was $3,316,000 or $0.00 per diluted share compared to $31,199,000 or $0.12 per diluted share a year ago. For the six months period, the company reported total revenues of $535,177,000 compared to $507,454,000 a year ago. Income before income taxes was $105,099,000 compared to $96,467,000 a year ago. Net income was $91,899,000 compared to $82,557,000 a year ago. Net income attributable to Class A shareholders was $38,029,000 or $0.16 per diluted share compared to $34,223,000 or $0.14 per diluted share a year ago.

Fortress Investment Group LLC Declares Second Quarter 2015 Cash Dividend, Payable on August 14, 2015

The Board of Directors of Fortress Investment Group LLC declared a second quarter 2015 cash dividend of $0.08 per dividend paying share. The dividend is payable on August 14, 2015 to Class A shareholders of record as of the close of business on August 11, 2015.

Intesa Sanpaolo To Sell Consumer Credit Unit

Intesa Sanpaolo S.p.A. (BIT:ISP) is looking to sell its Accedo consumer credit unit by the end of 2015 as part of a multi-year plan to shed non-core assets, two sources close to the matter said. The deal could be worth around €400 million. Intesa Sanpaolo aims to sell both the unit, which grants loans guaranteed by a portion of the debtors' salary. It would keep a network of financial advisers, the sources said, adding talks between the bank and potential buyers were already underway. One source said investment funds Apollo Global Management and Lone Star were the front-runners. Investment managers Vaerde Partners and Christofersson Robb & Company are also in the running, the source said. The second source mentioned also Fortress Investment Group LLC (NYSE:FIG) among suitors.

 

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FIG Competitors

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Apollo Global Management LLC $20.57 USD -0.10
Eaton Vance Corp $38.36 USD -0.36
Janus Capital Group Inc $16.38 USD +0.01
Och-Ziff Capital Management Group LLC $11.59 USD +0.06
Waddell & Reed Financial Inc $44.91 USD +0.70
View Industry Companies
 

Industry Analysis

FIG

Industry Average

Valuation FIG Industry Range
Price/Earnings 22.5x
Price/Sales 0.9x
Price/Book 2.4x
Price/Cash Flow 15.6x
TEV/Sales 1.3x
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