CIT Group Company Profile (NYSE:CIT)

About CIT Group

CIT Group logoCIT Group Inc. (CIT) is a bank holding company. The Company, together with its subsidiaries, provides financing, leasing and advisory services to middle market companies in a range of industries in North America, and equipment financing and leasing solutions to the transportation industry around the world. The Company's segments include North America Banking (NAB), including Commercial Real Estate, Commercial Banking and Consumer Banking divisions; Transportation & International Finance (TIF), including Aerospace, Rail, Maritime Finance and International Finance divisions, and Legacy Consumer Mortgages (LCM), which includes single-family residential mortgage (SFR) loans and reverse mortgage loans. CIT products and services include account receivables collection; equipment leases; acquisition and expansion financing; factoring services; financial risk management; asset management and servicing; asset-based loans; insurance services; credit protection; debt restructuring, and deposits.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Credit Services
  • Sub-Industry: Regional Banks
  • Exchange: NYSE
  • Symbol: CIT
  • CUSIP: 12558180
Key Metrics:
  • Previous Close: $35.77
  • 50 Day Moving Average: $35.62
  • 200 Day Moving Average: $33.56
  • 52-Week Range: $201,992,000.00 - $25.19
  • Trailing P/E Ratio: 7.19
  • Foreward P/E Ratio: 10.09
  • P/E Growth: -1.25
  • Market Cap: $7.28B
  • Outstanding Shares: 201,992,000
  • Beta: 1.52
Profitability:
  • Net Margins: 22.45%
  • Return on Equity: 5.54%
  • Return on Assets: 0.91%
Debt:
  • Debt-to-Equity Ratio: 1.57%
  • Current Ratio: 1.18%
  • Quick Ratio: 1.18%
Additional Links:
Companies Related to CIT Group:

Analyst Ratings

Consensus Ratings for CIT Group (NYSE:CIT) (?)
Ratings Breakdown: 1 Sell Rating, 9 Hold Ratings, 8 Buy Ratings
Consensus Rating:Hold (Score: 2.39)
Consensus Price Target: $43.78 (21.52% upside)

Analysts' Ratings History for CIT Group (NYSE:CIT)
Show:
DateFirmActionRatingPrice TargetDetails
8/17/2016BTIG ResearchReiterated RatingBuy$52.00View Rating Details
8/15/2016Credit Suisse Group AGLower Price TargetNeutral$42.00 -> $34.55View Rating Details
7/29/2016NomuraBoost Price TargetNeutral$33.00 -> $35.00View Rating Details
7/29/2016Barclays PLCLower Price TargetEqual Weight$37.00 -> $35.00View Rating Details
6/15/2016Deutsche Bank AGReiterated RatingHoldView Rating Details
4/29/2016Bank of America Corp.DowngradeNeutral -> UnderperformView Rating Details
4/4/2016MacquarieReiterated RatingBuyView Rating Details
4/4/2016Oppenheimer Holdings Inc.Reiterated RatingBuy$50.00View Rating Details
4/4/2016Morgan StanleyReiterated RatingOverweight$38.00View Rating Details
3/28/2016BMO Capital MarketsReiterated RatingHoldView Rating Details
3/28/2016Keefe, Bruyette & WoodsReiterated RatingHoldView Rating Details
3/28/2016Sterne Agee CRTDowngradeBuy -> Neutral$37.00View Rating Details
3/24/2016Drexel HamiltonReiterated RatingBuy$48.00View Rating Details
2/3/2016Goldman Sachs Group Inc.Lower Price TargetNeutral$47.00 -> $42.00View Rating Details
2/3/2016DA DavidsonLower Price TargetBuy$46.00View Rating Details
2/3/2016Citigroup Inc.DowngradeBuy -> NeutralView Rating Details
12/18/2015JMP SecuritiesInitiated CoverageOutperform$53.00View Rating Details
11/9/2015Stifel NicolausLower Price TargetBuy$52.00 -> $50.00View Rating Details
7/29/2015GuggenheimDowngradeBuy -> NeutralView Rating Details
(Data available from 9/26/2014 forward)

Earnings

Earnings History for CIT Group (NYSE:CIT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/1/2016        
7/28/2016Q216$0.77$0.90$620.33 million$645.10 millionViewListenView Earnings Details
4/28/2016Q116$0.76$0.75$618.75 millionViewListenView Earnings Details
2/2/2016Q415$0.83$0.72$601.00 millionViewN/AView Earnings Details
11/3/2015Q315$0.75$0.26$521.05 millionViewN/AView Earnings Details
7/28/2015Q215$0.66$0.66$435.57 millionViewListenView Earnings Details
4/28/2015Q115$0.78$0.59$456.74 million$423.80 millionViewN/AView Earnings Details
1/27/2015Q414$0.95$1.37$453.20 million$306.20 millionViewN/AView Earnings Details
10/28/2014Q314$0.90$2.76$432.70 million$592.30 millionViewN/AView Earnings Details
7/22/2014Q214$0.89$1.29$437.04 millionViewN/AView Earnings Details
4/29/2014Q114$0.86$0.55$441.20 millionViewN/AView Earnings Details
1/27/2014Q413$0.83$0.65$57.48 million$337.00 millionViewN/AView Earnings Details
10/22/2013Q313$0.94$0.99$77.40 millionViewN/AView Earnings Details
7/23/2013Q2 2013$0.90$0.91$83.47 million$351.60 millionViewN/AView Earnings Details
4/23/2013Q1 2013$0.89$0.81$65.72 million$355.80 millionViewN/AView Earnings Details
1/29/2013Q4 2012$0.68$1.03$0.40 million$357.00 millionViewN/AView Earnings Details
10/23/2012($1.20)($1.52)ViewN/AView Earnings Details
7/30/2012($0.49)($0.35)ViewN/AView Earnings Details
4/24/2012($1.58)($2.22)ViewN/AView Earnings Details
1/31/2012($0.01)$0.17ViewN/AView Earnings Details
10/25/2011($0.23)($0.08)ViewN/AView Earnings Details
4/27/2011$0.19$0.33ViewN/AView Earnings Details
2/15/2011$0.40$0.37ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for CIT Group (NYSE:CIT)
Current Year EPS Consensus Estimate: $2.32 EPS
Next Year EPS Consensus Estimate: $3.57 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20163$0.80$0.87$0.83
Q2 20162$0.80$0.83$0.82
Q3 20162$0.74$0.84$0.79
Q4 20162$0.74$0.86$0.80
Q1 20171$0.84$0.84$0.84
Q2 20171$0.88$0.88$0.88
Q3 20171$0.94$0.94$0.94
Q4 20171$0.96$0.96$0.96
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for CIT Group (NYSE:CIT)
Annual Dividend:$0.60
Dividend Yield:1.67%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:11.70% (Based on Trailing 12 Months of Earnings)
25.86% (Based on Current Year Consensus EPS Estimate)
16.81% (Based on Next Year Consensus EPS Estimate)

Dividend History for CIT Group (NYSE:CIT)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/19/2016quarterly$0.151.72%8/10/20168/12/20168/26/2016
4/19/2016quarterly$0.151.76%5/11/20165/13/20165/27/2016
1/20/2016quarterly$0.151.94%2/10/20162/12/20162/26/2016
10/21/2015quarterly$0.151.3%11/10/201511/13/201511/30/2015
7/21/2015quarterly$0.151.24%8/12/20158/14/20158/28/2015
4/21/2015quarterly$0.151.25%5/13/20155/15/20155/29/2015
1/21/2015quarterly$0.151.33%2/11/20152/13/20152/27/2015
10/15/2014quarterly$0.151.34%11/7/201411/12/201411/26/2014
7/15/2014quarterly$0.151.36%8/13/20148/15/20148/29/2014
4/17/2014quarterly$0.100.86%5/13/20145/15/20145/30/2014
1/21/2014quarterly$0.100.8%2/12/20142/14/20142/28/2014
10/21/2013quarterly$0.100.82%11/13/201311/15/201311/29/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for CIT Group (NYSE:CIT)
Insider Ownership Percentage: 1.68%
Institutional Ownership Percentage: 98.46%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/11/2016Steven T. MnuchinVice ChairmanBuy80,000$25.64$2,051,200.00View SEC Filing  
2/9/2016Steven T. MnuchinVice ChairmanBuy149,800$26.68$3,996,664.00View SEC Filing  
2/4/2016Alan L FrankDirectorBuy2,000$27.72$55,440.00View SEC Filing  
2/4/2016John A ThainCEOBuy50,000$27.31$1,365,500.00View SEC Filing  
2/4/2016Steven T MnuchinVice ChairmanBuy114,623$27.77$3,183,080.71View SEC Filing  
5/15/2014John ThainCEOBuy40,000$41.54$1,661,600.00View SEC Filing  
10/26/2012Michael J EmblerDirectorBuy1,500$37.60$56,400.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for CIT Group (NYSE:CIT)
DateHeadline
News IconStocks Showing Promising Returns on Investment: Cisco Systems (NASDAQ:CSCO), CIT Group (NYSE:CIT), Callaway ... - Street Wise Report (press release) (blog) (NYSE:CIT)
streetwisereport.com - September 24 at 8:28 AM
News Icon2 Stocks Attracting Analyst Attention: Cadence Design Systems Inc ... - The Voice Registrar (NYSE:CIT)
voiceregistrar.com - September 23 at 3:38 PM
4-traders.com logoCIT : Franchise Finance Expands Mid-Cap Restaurant Sales Team (NYSE:CIT)
www.4-traders.com - September 23 at 9:23 AM
News IconCIT Group Inc. (NYSE:CIT) Near to Lift Curtain on September 2016 Earnings - The Voice Registrar (NYSE:CIT)
voiceregistrar.com - September 22 at 4:24 PM
capitalcube.com logoETF’s with exposure to CIT Group, Inc. : September 22, 2016 (NYSE:CIT)
www.capitalcube.com - September 22 at 4:24 PM
publicnow.com logoCIT Provides $35 Million Financing for Mesa Airlines (NYSE:CIT)
www.publicnow.com - September 22 at 9:51 AM
publicnow.com logoCIT Franchise Finance Expands Mid-Cap Restaurant Sales Team (NYSE:CIT)
www.publicnow.com - September 21 at 4:51 PM
publicnow.com logoCINTAS CORPORATION ANNOUNCES WEBCAST FOR FIRST QUARTER FISCAL YEAR 2017 RESULTS (NYSE:CIT)
www.publicnow.com - September 21 at 8:16 AM
News IconCIT Recruits Next GC From HSBC (NYSE:CIT)
www.corpcounsel.com - September 20 at 10:04 AM
prnewswire.com logoResearch Reports Coverage on Select Credit Services Stocks -- CIT Group, Total System Services, On Deck Capital, and PHH Corp. (NYSE:CIT)
www.prnewswire.com - September 20 at 10:04 AM
News IconCIT Group Inc. (NYSE:CIT) topped earnings-per-share estimates 50% of the time - The Independent Republic (NYSE:CIT)
theindependentrepublic.com - September 19 at 5:02 PM
News IconAnalysts Valuations For Two Stocks: Kohl's Corporation (NYSE:KSS), CIT Group Inc. (NYSE:CIT) - The Voice Registrar (NYSE:CIT)
voiceregistrar.com - September 19 at 5:02 PM
News IconShares With Gains Over the Past Half Year: CIT Group Inc. (NYSE:CIT) - Post News (NYSE:CIT)
www.kentuckypostnews.com - September 18 at 4:05 PM
forbes.com logoNotable Friday Option Activity: CIT, UNH, INTC (NYSE:CIT)
www.forbes.com - September 16 at 11:54 AM
News IconCIT Group Inc. (NYSE:CIT) Analyst Research Summary - The Independent Republic (NYSE:CIT)
theindependentrepublic.com - September 15 at 9:38 PM
4-traders.com logoCIT : Serves as Lead Arranger and Administrative Agent for $242 Million Financing for Jordan Health Services (NYSE:CIT)
www.4-traders.com - September 15 at 11:04 AM
realistinvestor.com logoCIT Group Inc (DEL) (NYSE:CIT) Mean Price Target Is $44 (NYSE:CIT)
www.realistinvestor.com - September 15 at 11:04 AM
publicnow.com logoCIT Serves as Lead Arranger and Administrative Agent for $242 Million Financing for Jordan Health Services (NYSE:CIT)
www.publicnow.com - September 15 at 11:04 AM
realistinvestor.com logoCIT Group Inc (DEL) (NYSE:CIT) Mean Price Target Is $44 - RealistInvestor.com (NYSE:CIT)
www.realistinvestor.com - September 14 at 4:17 PM
businesswire.com logoCIT Appoints Stuart Alderoty as Executive Vice President, General ... - Business Wire (press release) (NYSE:CIT)
www.businesswire.com - September 14 at 8:29 AM
realistinvestor.com logoCIT Group Inc (DEL) (NYSE:CIT) Is Expected To Post EPS Of $0.91 - RealistInvestor.com (NYSE:CIT)
www.realistinvestor.com - September 14 at 8:29 AM
marketrealist.com logoProspect Capitalizes on Its Controlled and Structured Credit in 4Q (NYSE:CIT)
marketrealist.com - September 14 at 8:29 AM
publicnow.com logoCIT Appoints Stuart Alderoty as Executive Vice President, General Counsel and Corporate Secretary (NYSE:CIT)
www.publicnow.com - September 13 at 9:02 AM
nasdaq.com logoKBE, CIT, FRC, CMA: Large Outflows Detected at ETF - Nasdaq (NYSE:CIT)
www.nasdaq.com - September 12 at 4:04 PM
publicnow.com logoTC-CIT Delivers an Airbus A330-200 to Iberia (NYSE:CIT)
www.publicnow.com - September 12 at 4:04 PM
News IconStock on the Rise Over the Last Half Year: CIT Group Inc. (NYSE:CIT) - Post News (NYSE:CIT)
www.kentuckypostnews.com - September 12 at 8:59 AM
News IconStock Perspective: CIT Group Inc (DEL) (NYSE:CIT) Company ... - Frisco Fastball (NYSE:CIT)
friscofastball.com - September 9 at 9:02 AM
seekingalpha.com logoCIT Group: Near-Term Catalyst To Unlock Substantial Shareholder Value With 25% -40% Upside - Seeking Alpha (NYSE:CIT)
seekingalpha.com - September 9 at 9:02 AM
News IconCIT Serves as Co-Lead Arranger in $138.5MM Financing for Continuum Healthcare (NYSE:CIT)
www.abladvisor.com - September 8 at 4:06 PM
publicnow.com logoCIT Appoints Michael Jones Managing Director of CIT Equipment Finance (NYSE:CIT)
www.publicnow.com - September 8 at 4:06 PM
News IconAnalysts Valuations For Two Stocks: CIT Group Inc. (NYSE:CIT ... - The Voice Registrar (NYSE:CIT)
voiceregistrar.com - September 7 at 4:17 PM
finance.yahoo.com logoCIT Serves as Co-Lead Arranger for $138.5 Million Financing for Continuum Healthcare (NYSE:CIT)
finance.yahoo.com - September 7 at 8:39 AM
News IconStock Seeing Accelerated Sales Growth Quarter over Quarter: CIT Group Inc. (NYSE:CIT) - Post News (NYSE:CIT)
www.kentuckypostnews.com - September 6 at 4:05 PM
News IconAvolon Holdings close to buying aircraft leasing assets of US lender CIT Group (NYSE:CIT)
www.domain-b.com - September 6 at 9:03 AM
sg.finance.yahoo.com logoExclusive - Avolon nearing purchase of CIT's aircraft leasing unit: sources (NYSE:CIT)
sg.finance.yahoo.com - September 6 at 9:03 AM
News IconBeer Named Western Regional Sales Manager at CIT (NYSE:CIT)
www.apparelnews.net - September 2 at 4:02 PM
streetinsider.com logoForm 4 CIT GROUP INC For: Aug 30 Filed by: DUFFY JAMES J (NYSE:CIT)
www.streetinsider.com - September 2 at 4:02 PM
News IconInstitutions Have Decreased Positions in CIT Group Inc. (NYSE:CIT) - Post News (NYSE:CIT)
www.kentuckypostnews.com - September 2 at 9:01 AM
streetinsider.com logoForm 4 CIT GROUP INC For: Aug 30 Filed by: DUFFY JAMES J - StreetInsider.com (NYSE:CIT)
www.streetinsider.com - September 2 at 9:01 AM
News IconCIT Announces New Appointments to the Innovation and Entrepreneurship... (NYSE:CIT)
www.forwardgeek.com - September 1 at 11:56 AM
News IconActive Broker's Concerns In Focus: CIT Group Inc. (NYSE:CIT), Ctrip.com International Ltd. (NASDAQ:CTRP) - Street Wise Report (press release) (blog) (NYSE:CIT)
streetwisereport.com - August 30 at 12:09 PM
News IconActive Volatile Stocks- CIT Group Inc. (NYSE:CIT), New York REIT ... - Seneca Globe (NYSE:CIT)
www.senecaglobe.com - August 30 at 12:09 PM
News IconAnalysts Valuations For Two Stocks: Sprouts Farmers Market (NASDAQ:SFM), CIT (NYSE:CIT) - The Voice Registrar (NYSE:CIT)
voiceregistrar.com - August 30 at 12:09 PM
publicnow.com logoCIT Appoints James J. Duffy as Executive Vice President and Chief Human Resources Officer (NYSE:CIT)
www.publicnow.com - August 30 at 12:09 PM
publicnow.com logoCIT Serves as Sole Lead Arranger for $61.8 Million Acquisition Financing for Office Properties Outside Chicago (NYSE:CIT)
www.publicnow.com - August 29 at 3:37 PM
4-traders.com logoCIT : Serves as Sole Lead Arranger for $61.8 Million Acquisition Financing for Office Properties Outside Chicago (NYSE:CIT)
www.4-traders.com - August 29 at 8:57 AM
News IconCIT Group Inc. (CIT) Stake Reduced by KBC Group NV (NYSE:CIT)
www.lessors.com - August 26 at 4:05 PM
4-traders.com logoCIT : Canada Pension Plan Investment Board buys $142,792,386 stake in CIT Group (CIT) (NYSE:CIT)
www.4-traders.com - August 26 at 4:05 PM
News IconTop Earnings to Watch for: CIT Group Inc. (NYSE:CIT) - The Voice Registrar (NYSE:CIT)
voiceregistrar.com - August 25 at 9:07 AM
reuters.com logoU.S. business borrowing for equipment falls 17 percent in July - ELFA (NYSE:CIT)
uk.reuters.com - August 23 at 4:23 PM

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CIT Group (NYSE:CIT) Chart for Monday, September, 26, 2016


Last Updated on 9/26/2016 by MarketBeat.com Staff