Fortress Investment Group LLC (FIG) Plans Quarterly Dividend of $0.08
Fortress Investment Group (NYSE:FIG) declared a quarterly dividend on Thursday, May 1st, American Banking News.com reports. Stockholders of record on Tuesday, May 13th will be given a dividend of 0.08 per share on Friday, May 16th. This represents a $0.32 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend is Friday, May 9th.
A number of analysts have recently weighed in on FIG shares. Analysts at Zacks downgraded shares of Fortress Investment Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $8.80 price target on the stock. On the ratings front, analysts at Jefferies Group cut their price target on shares of Fortress Investment Group to $8.00 in a research note on Tuesday, April 8th. They now have a “hold” rating on the stock. Finally, analysts at JMP Securities upgraded shares of Fortress Investment Group from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 18th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Fortress Investment Group has an average rating of “Hold” and an average price target of $9.59.
Shares of Fortress Investment Group (NYSE:FIG) traded up 3.08% during mid-day trading on Thursday, hitting $7.37. The stock had a trading volume of 1,823,774 shares. Fortress Investment Group has a one year low of $6.27 and a one year high of $9.16. The stock has a 50-day moving average of $7.44 and a 200-day moving average of $8.13. The company has a market cap of $1.328 billion and a P/E ratio of 9.10.
Fortress Investment Group (NYSE:FIG) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.16 by $0.05. The company had revenue of $235.10 million for the quarter, compared to the consensus estimate of $228.28 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was down 3.3% on a year-over-year basis. On average, analysts predict that Fortress Investment Group will post $0.84 earnings per share for the current fiscal year.
Fortress Investment Group LLC (NYSE:FIG) is a global investment manager with approximately $41.
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