Last $7.50 USD
Change Today +0.04 / 0.54%
Volume 807.4K
FIG On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

fortress investment grp-cl a (FIG) Snapshot

Open
$7.47
Previous Close
$7.46
Day High
$7.51
Day Low
$7.45
52 Week High
01/22/14 - $8.94
52 Week Low
05/9/14 - $6.42
Market Cap
3.3B
Average Volume 10 Days
1.1M
EPS TTM
$0.75
Shares Outstanding
207.8M
EX-Date
08/8/14
P/E TM
10.0x
Dividend
$0.32
Dividend Yield
6.40%
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.

7,946 Employees
Last Reported Date: 07/31/14
Founded in 1998

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

Co-Founder, Chief Executive Officer, Principa...
Total Annual Compensation: $1.6M
President, Principal, Head of Credit and Real...
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 Investment Group LLC Declares Second Quarter Common and Special Cash Dividend, Payable on August 15, 2014; Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Fortress Investment Group LLC's board of directors declared a second quarter 2014 cash dividend of $0.26 per dividend paying share, comprised of a base quarterly cash dividend of $0.08 per dividend paying share and a special cash dividend of $0.18 per dividend paying share. The dividend is payable on August 15, 2014 to Class A shareholders of record as of the close of business on August 12, 2014. The company reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues of $427,313,000 compared to $223,074,000 a year ago. Income before income taxes was $75,698,000 compared to loss before income taxes of $1,270,000 a year ago. Net income attributable to Class A shareholders was $31,220,000 or $0.12 Class A share, diluted compared to net loss attributable to Class A shareholders of $2,436,000 or $0.01 diluted Class A share a year ago. The year-over-year increase in the company's second quarter 2014 GAAP net income was primarily driven by a $204 million increase in GAAP revenues, partially offset by a $129 million increase in GAAP expenses. The increase in GAAP Revenue was primarily attributable to $158 million of revenues from the Media Business as a result of the consolidation of New Media beginning in February 2014, as well as a $30 million increase in incentive income from affiliates primarily attributable to realization activity in Private Equity funds and higher crystallized incentive income from Permanent Capital Vehicles. For the six months, the company reported revenues of $737,479,000 compared to $467,429,000 a year ago. Income before income taxes was $87,624,000 compared to $92,312,000 a year ago. Net income attributable to Class A shareholders was $34,156,000 or $0.14 Class A share, diluted compared to $12,253,000 or $0.04 diluted Class A share a year ago. GAAP book value per share was $2.89 as of June 30, 2014.

Fortress Investment Group LLC to Report Q2, 2014 Results on Jul 31, 2014

Fortress Investment Group LLC announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Jul 31, 2014

Fortress Investment Group LLC, Q2 2014 Earnings Call, Jul 31, 2014

Fortress Investment Group LLC, Q2 2014 Earnings Call, Jul 31, 2014

 

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Industry Analysis

FIG

Industry Average

Valuation FIG Industry Range
Price/Earnings 16.4x
Price/Sales 1.2x
Price/Book 2.4x
Price/Cash Flow 12.7x
TEV/Sales 1.3x
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