Last $7.91 USD
Change Today +0.02 / 0.25%
Volume 818.7K
FIG On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

fortress investment grp-cl a (FIG) Snapshot

Open
$7.90
Previous Close
$7.89
Day High
$7.98
Day Low
$7.89
52 Week High
01/22/14 - $8.94
52 Week Low
10/15/14 - $5.58
Market Cap
3.4B
Average Volume 10 Days
1.1M
EPS TTM
$0.65
Shares Outstanding
208.5M
EX-Date
11/7/14
P/E TM
12.2x
Dividend
$0.32
Dividend Yield
6.32%
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.

2,324 Employees
Last Reported Date: 02/27/14
Founded in 1998

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

Co-Founder, Chief Executive Officer, Principa...
Total Annual Compensation: $1.6M
Co-Chairman, President, Principal, Head of Cr...
Total Annual Compensation: $19.9M
Co-Founder, Principal, Private Equity Chief I...
Total Annual Compensation: $2.3M
Chief Financial Officer
Total Annual Compensation: $2.1M
Principal, Co-Chief Investment Officer of Mac...
Total Annual Compensation: $12.7M
Compensation as of Fiscal Year 2013.

fortress investment grp-cl a (FIG) Key Developments

Fortress Reportedly Puts TRAC For Sale

Fortress Investment Group LLC (NYSE:FIG) intends to sell TRAC Intermodal LLC. The sale could be values at more than $1.7 billion, including debt, according to people familiar with the matter. The sources asked not to be identified because the sale process is confidential. Fortress has hired Morgan Stanley to run an auction for TRAC, and expects first-round bids in January 2015, the people said.

Monte Paschi Reportedly Looking To Sell Stake In Unit

Banca Monte dei Paschi di Siena S.p.A. (BIT:BMPS) (Monte Paschi) is planning to sell stake in the unit. Il Sole 24 Ore reported that the company has put up its consumer credit unit Consumit SpA (Consumit.it) on hold and is ready to securities part of its consumer credit portfolio. Apollo Global Management, LLC (NYSE:APO) and alliance led by Deutsche Bank AG (DB:DBK) and Highbridge Capital Management, LLC have expressed in acquiring stake in Consumit.it. The report mentioned that the sale of Consum.it was part of Monte Paschi's plan to sell non-core businesses. Monte Paschi is now seeking to sell a €1.2 billion portfolio of problem loans, with Fortress Investment Group LLC (NYSE:FIG), AnaCap Financial Partners LLP, Deutsche Bank and a fund of Davide Serra said to be interested in buying. Il also mentioned that Monte Paschi may also try to sell MPS Leasing e Factoring S.p.A.

Prelios, Fortress Reportedly In Discussion To Acquire Unicredit Credit Management Bank

Prelios S.p.A. (BIT:PRS) and Fortress Investment Group LLC (NYSE:FIG) are negotiating with UniCredit S.p.A. (BIT:UCG) to acquire Unicredit Credit Management Bank S.p.A., Reuters reported on November 27, 2014, citing a source close to the matter. The source said that further progress is still required, but another source told Reuters that the parties have ‘reached a deal’.

 

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Industry Analysis

FIG

Industry Average

Valuation FIG Industry Range
Price/Earnings 20.5x
Price/Sales 1.1x
Price/Book 2.8x
Price/Cash Flow 15.1x
TEV/Sales 1.0x
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