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NYSE:CIT - CIT Group Stock Price, Forecast & News

$45.43
-0.07 (-0.15 %)
(As of 12/11/2019 04:00 PM ET)
Today's Range
$45.23
Now: $45.43
$45.72
50-Day Range
$42.85
MA: $44.69
$46.20
52-Week Range
$35.50
Now: $45.43
$54.02
Volume470,975 shs
Average Volume845,459 shs
Market Capitalization$4.30 billion
P/E Ratio11.25
Dividend Yield3.08%
Beta1.6
CIT Group Inc operates as the holding company for CIT Bank, N.A. that provides banking and related services to commercial and individual customers. The company operates through Commercial Banking and Consumer Banking segments. The Commercial Banking segment offers lending, leasing, and other financial and advisory services primarily to small and middle-market companies; factoring, receivables management products, and secured supply chain financing; equipment leasing and secured financing to railroads and non-rail companies; equipment financing to small businesses. Read More…

Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
CUSIP12558180
Phone212-461-5200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.27 billion
Cash Flow$7.94 per share
Book Value$53.24 per share

Profitability

Net Income$447.10 million

Miscellaneous

Employees3,678
Market Cap$4.30 billion
Next Earnings Date2/4/2020 (Estimated)
OptionableOptionable

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CIT Group (NYSE:CIT) Frequently Asked Questions

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 Thursday, October 17th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.35 per share on Friday, November 22nd. This represents a $1.40 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Thursday, November 7th. View CIT Group's Dividend History.

How were CIT Group's earnings last quarter?

CIT Group Inc. (NYSE:CIT) released its quarterly earnings data on Tuesday, October, 22nd. The financial services provider reported $1.29 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.21 by $0.08. The financial services provider had revenue of $454 million for the quarter, compared to analyst estimates of $460.02 million. CIT Group had a net margin of 15.11% and a return on equity of 8.99%. CIT Group's revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.15 EPS. View CIT Group's Earnings History.

When is CIT Group's next earnings date?

CIT Group is scheduled to release their next quarterly earnings announcement on Tuesday, February 4th 2020. View Earnings Estimates for CIT Group.

What price target have analysts set for CIT?

6 equities research analysts have issued twelve-month price targets for CIT Group's shares. Their forecasts range from $47.00 to $71.00. On average, they expect CIT Group's share price to reach $57.17 in the next year. This suggests a possible upside of 25.8% from the stock's current price. View Analyst Price Targets for CIT Group.

What is the consensus analysts' recommendation for CIT Group?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CIT Group in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for CIT Group.

Has CIT Group been receiving favorable news coverage?

Headlines about CIT stock have trended somewhat negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. CIT Group earned a news sentiment score of -1.7 on InfoTrie's scale. They also assigned news stories about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for CIT Group.

Are investors shorting CIT Group?

CIT Group saw a drop in short interest in November. As of November 29th, there was short interest totalling 4,060,000 shares, a drop of 7.9% from the November 14th total of 4,410,000 shares. Based on an average trading volume of 1,020,000 shares, the short-interest ratio is presently 4.0 days. Currently, 4.3% of the shares of the company are short sold. View CIT Group's Current Options Chain.

Who are some of CIT Group's key competitors?

What other stocks do shareholders of CIT Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other CIT Group investors own include JPMorgan Chase & Co. (JPM), Kinder Morgan (KMI), American International Group (AIG), Morgan Stanley (MS), American Express (AXP), Home Depot (HD), Procter & Gamble (PG), Cisco Systems (CSCO), Netflix (NFLX) and Apache (APA).

Who are CIT Group's key executives?

CIT Group's management team includes the folowing people:
  • Ms. Ellen R. Alemany, Chairwoman & CEO (Age 63)
  • Mr. John J. Fawcett, Exec. VP & CFO (Age 60)
  • Ms. Denise M. Menelly, Exec. VP & Head of Technology and Operations (Age 57)
  • Mr. James L. Hudak, Pres of Commercial Fin. (Age 55)
  • Mr. Steven Solk, Pres of Consumer Banking (Age 64)

Who are CIT Group's major shareholders?

CIT Group's stock is owned by a variety of of retail and institutional investors. Top institutional investors include State Street Corp (3.77%), Parametric Portfolio Associates LLC (0.80%), Wedge Capital Management L L P NC (0.69%), Robeco Institutional Asset Management B.V. (0.62%), Sumitomo Mitsui Trust Holdings Inc. (0.48%) and First Trust Advisors LP (0.39%). Company insiders that own CIT Group stock include Alan L Frank, David Harnisch, Edward K Sperling, Ellen R Alemany, James L Hudak, John J Fawcett, Matthew Galligan, Robert C Rubino, Sheila A Stamps and Steve Solk. View Institutional Ownership Trends for CIT Group.

Which major investors are selling CIT Group stock?

CIT stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Zurcher Kantonalbank Zurich Cantonalbank, State Street Corp, Strs Ohio, Gulf International Bank UK Ltd, Meeder Asset Management Inc., Redpoint Investment Management Pty Ltd and Systematic Financial Management LP. Company insiders that have sold CIT Group company stock in the last year include Edward K Sperling and Matthew Galligan. View Insider Buying and Selling for CIT Group.

Which major investors are buying CIT Group stock?

CIT stock was bought by a variety of institutional investors in the last quarter, including Artemis Investment Management LLP, Dalton Greiner Hartman Maher & Co., First Trust Advisors LP, Squarepoint Ops LLC, Wedge Capital Management L L P NC, Robeco Institutional Asset Management B.V., State of New Jersey Common Pension Fund D and Man Group plc. Company insiders that have bought CIT Group stock in the last two years include Alan L Frank, David Harnisch, Ellen R Alemany, John J Fawcett, Robert C Rubino and Steve Solk. View Insider Buying and Selling for CIT Group.

How do I buy shares of CIT Group?

Shares of CIT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is CIT Group's stock price today?

One share of CIT stock can currently be purchased for approximately $45.43.

How big of a company is CIT Group?

CIT Group has a market capitalization of $4.30 billion and generates $3.27 billion in revenue each year. The financial services provider earns $447.10 million in net income (profit) each year or $4.04 on an earnings per share basis. CIT Group employs 3,678 workers across the globe.View Additional Information About CIT Group.

What is CIT Group's official website?

The official website for CIT Group is http://www.cit.com/.

How can I contact CIT Group?

CIT Group's mailing address is 11 West 42nd Street, New York NY, 10036. The financial services provider can be reached via phone at 212-461-5200.


MarketBeat Community Rating for CIT Group (NYSE CIT)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  464 (Vote Outperform)
Underperform Votes:  611 (Vote Underperform)
Total Votes:  1,075
MarketBeat's community ratings are surveys of what our community members think about CIT Group and other stocks. Vote "Outperform" if you believe CIT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CIT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/11/2019 by MarketBeat.com Staff

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