Fortress Investment Group LLC (NYSE:FIG) Announced Its Quarterly-Dividend


Dallas, Texas 11/04/2013 (Financialstrend) – Fortress Investment Group LLC (NYSE:FIG) announced its quarterly-dividend on Friday, 1 November.  Stockholders of record on 12 November will be paid this dividend of $0.06/ share on Friday, 15 November. This represents a $0.24 annualized-dividend and a dividend-yield of 2.81%. The ex-dividend date is 7 November.

Numerous analysts have weighed on Fortress Investment Group LLC (NYSE:FIG) shares recently. Jefferies Group analysts raised their PT on shares Fortress Investment Group LLC (NYSE:FIG) from $8.00 to $9.00 Friday and currently have a “hold” rating on the company’s stock. RBC Capital analysts raised their PT on the company’s shares from $10.00 to $11.00 on 8 October and now have set an “outperform” rating on the company’s stock. Three investment-analysts have assigned a “hold” rating and 4 have assigned a “buy” rating to the stock. Currently, the average rating on the company’s shares is a “Buy” and the average PT is $8.81.

Friday’s trading

In Friday’s trading, Fortress Investment Group LLC (NYSE:FIG) rose by 3.52%. The opening price of the shares was $8.25, which climbed to an intraday high of $8.54 which was also the closing price for the day. Approximately 1.02 million shares were traded on Friday while an average volume of 0.907 million shares were traded over a 30 day period. The 52-week low of Fortress Investment Group LLC (NYSE:FIG) shares is $3.73 and its 52-week high is $9.10. The company has a market capitalization of $4.15 billion.

About the company

Fortress Investment Group LLC (NYSE:FIG) is a global investment-management firm. Its offerings of alternative-investment products include private equity-funds, liquid hedge funds & credit funds. The company manages its assets in 3 businesses: 1- Private Equity, 2- Liquid Hedge Funds and 3- Credit Funds. Private Equity manages the assets under management. Liquid Hedge Funds invests globally in fixed income, currency, equity & commodity-markets and related-derivatives.

Subscribe to get your free report!

* indicates required
*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.