About CIT Group
CIT 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
- Previous Close: $42.78
- 50 Day Moving Average: $42.43
- 200 Day Moving Average: $39.20
- 52-Week Range: $28.33 - $44.10
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 11.14
- P/E Growth: -1.26
- Market Cap: $8.66B
- Outstanding Shares: 202,087,000
- Beta: 1.52
- Net Margins: -21.08%
- Return on Equity: 5.39%
- Return on Assets: 0.90%
Companies Related to CIT Group:
- Debt-to-Equity Ratio: 1.47%
- Current Ratio: 1.14%
- Quick Ratio: 1.14%
What is CIT Group's stock symbol?
CIT Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "CIT."
How often does CIT Group pay dividends? What is the dividend yield for CIT Group?
CIT Group announced a quarterly dividend on Wednesday, January 18th. Shareholders of record on Friday, February 10th will be paid a dividend of $0.15 per share on Friday, February 24th. This represents a $0.60 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Wednesday, February 8th.
Where is CIT Group's stock going? Where will CIT Group's stock price be in 2017?
16 brokers have issued 1-year price targets for CIT Group's shares. Their forecasts range from $33.00 to $50.00. On average, they anticipate CIT Group's share price to reach $41.09 in the next twelve months.
When will CIT Group announce their earnings?
CIT Group is scheduled to release their next quarterly earnings announcement on Wednesday, April, 26th 2017.
What are analysts saying about CIT Group stock?
Here are some recent quotes from research analysts about CIT Group stock:
According to Zacks Investment Research, "CIT Group’s shares have significantly outperformed the Zacks categorized Miscellaneous Service industry, over the last six months. The company remains well positioned to grow organically through acquisitions. Moreover, the sale of the aircraft leasing operation is in sync with its efforts to become a leading national middle-market bank. Also, its capital deployment initiatives are impressive. However, the company has been facing deteriorating asset quality and mounting expenses. Expenses are expected to increase further due to continued investments in franchise. Further, sluggish growth in the industries where the company provides finance, along with strict regulations, will likely dent its performance in the near term." (1/3/2017)
Oppenheimer Holdings, Inc. analysts commented, "We had a chance to host a number of meetings with CIT management and West Coast Institutional Investors last week. Representing CIT was new CEO Ellen Alemany, new CFO Carol Hayles and Head of IR Barbara Callahan. The meetings were mainly a forum to further explore the March 23 Strategic Update Call and presentation, although there was also some venting from long suffering shareholders about the company’s performance in recent years under prior management. For our part, we had a number of central questions: (1) Given that the company emerged from bankruptcy six years ago, and now we are to wait two more years for a double-digit ROE, what went wrong with prior plans?" (4/4/2016)
Who owns CIT Group stock?
CIT Group's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Franklin Resources Inc. (6.69%), FMR LLC (5.84%), State Street Corp (4.11%), Thompson Siegel & Walmsley LLC (1.34%), Hotchkis & Wiley Capital Management LLC (1.23%) and Dimensional Fund Advisors LP (0.70%). Company insiders that own CIT Group stock include Alan L Frank, John A Thain, Matthew Galligan and Steven T Mnuchin.
Who sold CIT Group stock? Who is selling CIT Group stock?
CIT Group's stock was sold by a variety of institutional investors in the last quarter, including Commerzbank Aktiengesellschaft FI, Franklin Resources Inc., Capital Guardian Trust Co., Credit Agricole S A, Cipher Capital LP, Tudor Investment Corp Et Al, Comerica Bank and Tredje AP fonden.
Who bought CIT Group stock? Who is buying CIT Group stock?
CIT Group's stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, State Street Corp, Russell Investments Group Ltd., Federated Investors Inc. PA, Renaissance Technologies LLC, Asset Management One Co. Ltd., Hotchkis & Wiley Capital Management LLC and Discovery Capital Management LLC CT. Company insiders that have bought CIT Group stock in the last two years include Alan L Frank, John A Thain and Steven T Mnuchin.
How do I buy CIT Group stock?
Shares of CIT Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of CIT Group stock cost?
One share of CIT Group stock can currently be purchased for approximately $42.99.