Last €6.48 EUR
Change Today +0.057 / 0.89%
Volume 0.0
XEK On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 3:18 PM 12/23/14 All times are local (Market data is delayed by at least 15 minutes).

fortress investment grp-cl a (XEK) Snapshot

Open
€6.33
Previous Close
€6.42
Day High
€6.50
Day Low
€6.32
52 Week High
12/5/14 - €6.51
52 Week Low
10/16/14 - €4.44
Market Cap
2.8B
Average Volume 10 Days
85.0
EPS TTM
--
Shares Outstanding
208.5M
EX-Date
11/7/14
P/E TM
--
Dividend
€0.32
Dividend Yield
5.77%
Current Stock Chart for FORTRESS INVESTMENT GRP-CL A (XEK)

fortress investment grp-cl a (XEK) 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.

9,032 Employees
Last Reported Date: 10/30/14
Founded in 1998

fortress investment grp-cl a (XEK) 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 (XEK) Key Developments

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’.

Fortress, Prelios Reportedly Near To Buy Unicredit NPL Unit

Fortress Investment Group LLC (NYSE:FIG) and Prelios S.p.A. (BIT:PRS) are close to an agreement to purchase the NPL unit UniCredit S.p.A. (BIT:UCG), wire services reported. The agreement will be reached in a few weeks, according to people with knowledge of the plan. Fortress is in exclusive talks buy Unicredit Credit Management Bank S.p.A. along with €2.5 billion in soured loans, is working out legal details of the deal, said two people who asked not to be identified because the matter isn’t public. Prelios has teamed up with Fortress on the transaction, has an option to buy 25% of the new company’s equity from Fortress when the deal goes through and may sell the stake to a third party, one of the people said. Fortress is offering €300 million for the servicing platform and about €250 million for the assets, a discount of 90% to the nominal value, the people said.

UniCredit Reportedly Resumes Talks With Lone Star Funds For Unicredit Credit Management

UniCredit S.p.A. (BIT:UCG) has resumed talks with Lone Star Funds on the sale of its Unicredit Credit Management Bank S.p.A. as negotiations with a consortium made of Fortress Investment Group LLC (NYSE:FIG) and Prelios S.p.A. (BIT:PRS) are stalling, reported Reuters citing sources. UniCredit entered exclusive negotiations with Fortress and Prelios on October 24, 2014, hoping to seal the sale of its UniCredit Credit Management Bank (UCCMB) unit in a reasonable amount of time. The sources said, "However, the deadline to complete the exclusive talks expired two weeks ago without a deal, as UniCredit and the Fortress-led consortium could not reach agreement on some financial details." The sources said that in the meantime, UniCredit has restarted talks with Lone Star, which had also been shortlisted for the sale. One of the sources said that Fortress and Prelios remain in pole position for the deal. Sources said that UniCredit could pocket €700 million from the sale.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
XEK:GR €6.48 EUR +0.057

XEK Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Apollo Global Management LLC $23.33 USD -0.09
Eaton Vance Corp $41.98 USD -0.25
Federated Investors Inc $33.86 USD +0.26
Stifel Financial Corp $51.81 USD -0.04
Waddell & Reed Financial Inc $49.37 USD -0.17
View Industry Companies
 

Industry Analysis

XEK

Industry Average

Valuation XEK Industry Range
Price/Earnings 20.5x
Price/Sales 1.1x
Price/Book 2.8x
Price/Cash Flow 15.0x
TEV/Sales 1.0x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact FORTRESS INVESTMENT GRP-CL A, please visit www.fortress.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.