Dividends to Follow: This is why Fortress Investment Group LLC (NYSE:FIG) will be paying investors dividends of $0.09 on Nov 18, 2016.

Dividends to Follow: This is why Fortress Investment Group LLC (NYSE:FIG) will be paying investors dividends of $0.09 on Nov 18, 2016.

Fortress Investment Group LLC (NYSE:FIG) is expected to pay $0.09 on Nov 18, 2016. The indicated annual dividend is $0.36. Shareholders owning the stock before Nov 9, 2016 will be eligible to receive the payout. Based on Fortress Investment Group LLC’s current price of $4.88, the dividend is 1.84%. This dividend’s record date is Nov 14, 2016 and the announcement date is Nov 3, 2016. The stock increased 0.41% or $0.02 on November 7, hitting $4.88. Fortress Investment Group LLC (NYSE:FIG) has risen 4.73% since April 5, 2016 and is uptrending. It has outperformed by 2.77% the S&P500.

Fortress Investment Group LLC is an investment management firm with approximately $70.5 billion in assets under management (AUM). The company has a market cap of $1.84 billion. The Firm operates through divisions, including private equity funds, permanent capital vehicles, credit hedge funds, credit PE funds, liquid hedge funds and Logan Circle. It has a 74.72 P/E ratio. The Company’s business is to sponsor the formation of, and provide investment management services for, various investment funds, permanent capital vehicles and related managed accounts (collectively, the Fortress Funds).

Insitutional Activity: The institutional sentiment increased to 1 in Q2 2016. Its up 0.12, from 0.88 in 2016Q1. The ratio improved, as 16 funds sold all Fortress Investment Group LLC shares owned while 36 reduced positions. 19 funds bought stakes while 33 increased positions. They now own 99.04 million shares or 4.92% less from 104.16 million shares in 2016Q1.
Jnba Fincl holds 0% or 750 shares in its portfolio. Orinda Asset Mgmt Lc holds 0.38% or 71,056 shares in its portfolio. Millennium Mngmt Ltd Com has 0% invested in the company for 365,595 shares. Creative Planning has invested 0% of its portfolio in Fortress Investment Group LLC (NYSE:FIG). California Pub Employees Retirement, a California-based fund reported 265,000 shares. Barclays Public Limited Co accumulated 2,929 shares or 0% of the stock. Thompson Siegel And Walmsley Ltd Limited Liability Company accumulated 59,700 shares or 0% of the stock. Oppenheimer & Commerce holds 0% or 10,631 shares in its portfolio. Bnp Paribas Arbitrage Sa last reported 1.39M shares in the company. Ejf Cap Ltd holds 0.66% or 1.58M shares in its portfolio. Moreover, National Bank & Trust Of America De has 0% invested in Fortress Investment Group LLC (NYSE:FIG) for 638,470 shares. Walleye Trading Limited Liability Company, a Minnesota-based fund reported 78,870 shares. Deutsche Comml Bank Ag has 551,233 shares for 0% of their US portfolio. Commonwealth Equity Services Incorporated last reported 15,471 shares in the company. Ladenburg Thalmann Ser holds 0% of its portfolio in Fortress Investment Group LLC (NYSE:FIG) for 8,657 shares.

Fortress Investment Group LLC (NYSE:FIG) Ratings Coverage

Out of 4 analysts covering Fortress Investment Group Llc (NYSE:FIG), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Fortress Investment Group Llc has been the topic of 10 analyst reports since October 7, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by RBC Capital Markets given on Monday, October 26. The stock of Fortress Investment Group LLC (NYSE:FIG) earned “Neutral” rating by Credit Suisse on Wednesday, December 9. The stock has “Hold” rating given by Jefferies on Wednesday, October 7. Wood downgraded the stock to “Market Perform” rating in Monday, July 11 report. The rating was maintained by Wood on Friday, October 14 with “Market Perform”. The firm earned “Outperform” rating on Thursday, February 25 by RBC Capital Markets.

FIG Company Profile

Fortress Investment Group LLC (Fortress), incorporated on November 6, 2006, is an investment management firm with approximately $70.5 billion in assets under management (AUM). The Firm operates through divisions, including private equity funds, permanent capital vehicles, credit hedge funds, credit PE funds, liquid hedge funds and Logan Circle. The Company’s business is to sponsor the formation of, and provide investment management services for, various investment funds, permanent capital vehicles and related managed accounts (collectively, the Fortress Funds). Fortress makes investments in these funds. Fortress’s primary sources of income from the Fortress Funds are management fees, incentive income and investment income on its investments in the funds.

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