Ameriprise Financial Inc. Raises Position in Fortress Investment Group LLC (FIG)

Ameriprise Financial Inc. lifted its holdings in Fortress Investment Group LLC (NYSE:FIG) by 8.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 651,162 shares of the asset manager’s stock after acquiring an additional 50,664 shares during the period. Ameriprise Financial Inc. owned approximately 0.17% of Fortress Investment Group worth $5,190,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. MML Investors Services LLC acquired a new stake in shares of Fortress Investment Group in the 2nd quarter valued at approximately $108,000. Archford Capital Strategies LLC boosted its stake in shares of Fortress Investment Group by 994.2% in the 2nd quarter. Archford Capital Strategies LLC now owns 61,548 shares of the asset manager’s stock valued at $2,077,000 after purchasing an additional 55,923 shares in the last quarter. Virtu KCG Holdings LLC boosted its stake in shares of Fortress Investment Group by 87.1% in the 2nd quarter. Virtu KCG Holdings LLC now owns 66,601 shares of the asset manager’s stock valued at $532,000 after purchasing an additional 31,008 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Fortress Investment Group by 94.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 83,789 shares of the asset manager’s stock valued at $670,000 after purchasing an additional 40,607 shares in the last quarter. Finally, Bluefin Trading LLC boosted its stake in shares of Fortress Investment Group by 98.0% in the 2nd quarter. Bluefin Trading LLC now owns 94,139 shares of the asset manager’s stock valued at $752,000 after purchasing an additional 46,587 shares in the last quarter. Institutional investors and hedge funds own 40.00% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Fortress Investment Group from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd.

Shares of Fortress Investment Group LLC (NYSE:FIG) opened at $7.85 on Friday. The firm has a market cap of $3,050.00, a P/E ratio of 11.38 and a beta of 1.89. Fortress Investment Group LLC has a one year low of $4.78 and a one year high of $8.05.

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About Fortress Investment Group

Fortress Investment Group LLC (Fortress) is an investment management firm. The Company operates through segments, including private equity funds, permanent capital vehicles, credit hedge funds, credit PE funds, liquid hedge funds and Logan Circle. Its business is to sponsor the formation of, and provide investment management services for, various investment funds, permanent capital vehicles and related managed accounts (the Fortress Funds).

Institutional Ownership by Quarter for Fortress Investment Group (NYSE:FIG)

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