CIT Group Inc (DEL) Company Profile (NYSE:CIT)

About CIT Group Inc (DEL)

CIT Group Inc (DEL) 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: $43.72
  • 50 Day Moving Average: $42.44
  • 200 Day Moving Average: $38.60
  • 52-Week Range: $26.54 - $43.99
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 11.33
  • P/E Growth: -1.25
  • Market Cap: $8.84B
  • Outstanding Shares: 202,087,000
  • Beta: 1.52
Profitability:
  • Net Margins: -21.08%
  • Return on Equity: 5.39%
  • Return on Assets: 0.90%
Debt:
  • Debt-to-Equity Ratio: 1.47%
  • Current Ratio: 1.14%
  • Quick Ratio: 1.14%
Additional Links:
Companies Related to CIT Group Inc (DEL):

Analyst Ratings

Consensus Ratings for CIT Group Inc (DEL) (NYSE:CIT) (?)
Ratings Breakdown: 1 Sell Rating, 9 Hold Ratings, 6 Buy Ratings
Consensus Rating:Hold (Score: 2.31)
Consensus Price Target: $41.09 (6.01% downside)

Analysts' Ratings History for CIT Group Inc (DEL) (NYSE:CIT)
Show:
DateFirmActionRatingPrice TargetDetails
2/5/2017BTIG ResearchReiterated RatingBuy$45.00View Rating Details
2/5/2017Credit Suisse GroupReiterated RatingHold$45.00View Rating Details
2/1/2017Barclays PLCLower Price Target$41.00View Rating Details
11/18/2016BMO Capital MarketsDowngradeMarket Perform -> Underperform$33.00View Rating Details
11/1/2016StephensInitiated CoverageEqual WeightView Rating Details
10/10/2016JMP SecuritiesReiterated RatingBuyView Rating Details
10/11/2016Bank of America CorpUpgradeUnderperform -> Neutral$39.00View Rating Details
10/7/2016Stifel NicolausDowngradeBuy -> Hold$40.00 -> $41.00View Rating Details
7/29/2016NomuraBoost Price TargetNeutral$33.00 -> $35.00View Rating Details
6/15/2016Deutsche Bank AGReiterated RatingHoldView 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
3/28/2016Keefe, 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. (The)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
7/29/2015GuggenheimDowngradeBuy -> NeutralView Rating Details
(Data available from 2/20/2015 forward)

Earnings

Earnings History for CIT Group Inc (DEL) (NYSE:CIT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/26/2017        
1/31/2017Q416$0.78$0.97$614.34 millionViewN/AView Earnings Details
10/25/2016Q316$0.79$0.65$622.98 million$608.70 millionViewListenView Earnings Details
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 Inc (DEL) (NYSE:CIT)
Current Year EPS Consensus Estimate: $2.78 EPS
Next Year EPS Consensus Estimate: $3.86 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$0.85$0.80
Q1 20172$0.45$0.53$0.49
Q2 20172$0.51$0.89$0.70
Q3 20172$0.70$0.91$0.81
Q4 20172$0.80$0.96$0.88
Q1 20181$0.97$0.97$0.97
Q2 20181$0.97$0.97$0.97
Q3 20181$0.96$0.96$0.96
Q4 20181$0.93$0.93$0.93
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for CIT Group Inc (DEL) (NYSE:CIT)
Annual Dividend:$0.60
Dividend Yield:1.37%
Dividend Growth:81.70% (3 Year Average)
Payout Ratio:-14.08% (Based on Trailing 12 Months of Earnings)
21.58% (Based on Current Year Consensus EPS Estimate)
15.54% (Based on Next Year Consensus EPS Estimate)

Dividend History for CIT Group Inc (DEL) (NYSE:CIT)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
1/18/2017quarterly$0.151.43%2/8/20172/10/20172/24/2017
10/18/2016quarterly$0.151.65%11/8/201611/11/201611/25/2016
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 Inc (DEL) (NYSE:CIT)
Insider Ownership Percentage: 1.68%
Institutional Ownership Percentage: 98.54%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/6/2017Matthew GalliganInsiderSell5,097$42.14$214,787.58View SEC Filing  
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 Inc (DEL) (NYSE:CIT)
DateHeadline
finance.yahoo.com logoCIT and the USC Cecil Murray Center for Community Engagement Launch New Financial Literacy Program (NYSE:CIT)
finance.yahoo.com - February 17 at 5:53 PM
marketrealist.com logoAres Capital’s Leverage to Remain High Due to Acquisition (NYSE:CIT)
marketrealist.com - February 16 at 10:50 AM
biz.yahoo.com logoCIT GROUP INC Files SEC form 8-K, Change in Directors or Principal Officers (NYSE:CIT)
biz.yahoo.com - February 14 at 10:09 PM
finance.yahoo.com logoCIT Names Dorene Dominguez to Board of Directors (NYSE:CIT)
finance.yahoo.com - February 14 at 5:08 PM
finance.yahoo.com logoCIT Provides Grant To Junior Achievement Of Southern California To Fund Programs For Youth (NYSE:CIT)
finance.yahoo.com - February 13 at 4:56 PM
News IconForward Earnings Estimate of CIT Group Inc (DEL)(CIT) – Hignland ... - Highland Mirror (NYSE:CIT)
www.highlandmirror.com - February 10 at 4:36 PM
finance.yahoo.com logoIs CIT Group a Good Value Pick At the Current Levels? (NYSE:CIT)
finance.yahoo.com - February 9 at 4:39 PM
nasdaq.com logoCIT Group Inc (DEL) (CIT) Ex-Dividend Date Scheduled for February 08, 2017 - Nasdaq (NYSE:CIT)
www.nasdaq.com - February 9 at 2:39 AM
finance.yahoo.com logoPost Earnings Coverage as PayPal's Revenue and Adjusted EPS Grew 17% (NYSE:CIT)
finance.yahoo.com - February 8 at 4:35 PM
finance.yahoo.com logoCIT Selected as Sole Provider of Factoring Services to AG Adriano Goldschmied and Big Star (NYSE:CIT)
finance.yahoo.com - February 6 at 4:23 PM
capitalcube.com logoETFs with exposure to CIT Group, Inc. : February 6, 2017 (NYSE:CIT)
www.capitalcube.com - February 6 at 4:23 PM
News IconSADIF Analytics releases new summary due diligence report for CIT Group Inc ($CIT). (NYSE:CIT)
reports.pr-inside.com - February 4 at 9:23 PM
News IconFed Releases Guide for Banks' Annual Stress Test (NYSE:CIT)
ih.advfn.com - February 4 at 4:23 PM
News IconConsensus Take: CIT Group Inc (DEL) (NYSE:CIT) Earnings & Ratings Watch - Aiken Advocate (NYSE:CIT)
aikenadvocate.com - February 3 at 4:34 PM
capitalcube.com logoCIT Group, Inc. :CIT-US: Earnings Analysis: Q4, 2016 By the Numbers : February 2, 2017 (NYSE:CIT)
www.capitalcube.com - February 2 at 4:36 PM
thestreet.com logoRepublicans Change Rules to okay Mnuchin, Price After Democrats' Boycott (NYSE:CIT)
us.rd.yahoo.com - February 1 at 9:40 PM
finance.yahoo.com logoCIT Group (CIT) Stock Falls as Q4 Earnings Lag Estimates (NYSE:CIT)
finance.yahoo.com - February 1 at 4:38 PM
thestreet.com logoRepublicans Change Rules to OK Mnuchin, Price After Democrats Boycott (NYSE:CIT)
www.thestreet.com - February 1 at 4:38 PM
us.rd.yahoo.com logoCIT Announces Fourth Quarter and Full Year 2016 Results (NYSE:CIT)
us.rd.yahoo.com - February 1 at 2:50 AM
us.rd.yahoo.com logo6:33 am CIT Group reports Q4 (Dec) results (NYSE:CIT)
us.rd.yahoo.com - February 1 at 2:50 AM
biz.yahoo.com logoQ4 2016 CIT Group Inc Earnings Release - 06:30 am ET (NYSE:CIT)
us.rd.yahoo.com - February 1 at 2:50 AM
sg.finance.yahoo.com logoCIT reports 4Q loss (NYSE:CIT)
us.rd.yahoo.com - February 1 at 2:50 AM
News IconCIT Group Inc (DEL) (NYSE:CIT) to Post $0.79 Earnings Per Share: Analysts - Wall Street Beacon (NYSE:CIT)
wsbeacon.com - January 31 at 9:49 PM
finance.yahoo.com logoEdited Transcript of CIT earnings conference call or presentation 31-Jan-17 1:00pm GMT (NYSE:CIT)
finance.yahoo.com - January 31 at 9:49 PM
wsj.com logo[$$] CIT Group Swings to Loss Amid OneWest Charge (NYSE:CIT)
www.wsj.com - January 31 at 4:46 PM
feeds.reuters.com logoBRIEF-CIT Group Q4 loss per share $5.71 (NYSE:CIT)
feeds.reuters.com - January 31 at 7:42 AM
capitalcube.com logoCIT Group, Inc. breached its 50 day moving average in a Bearish Manner : CIT-US : January 30, 2017 (NYSE:CIT)
www.capitalcube.com - January 30 at 5:11 PM
News IconStock in Spotlight: USG Corporation (NYSE:USG), CIT Group Inc (DEL) (NYSE:CIT) - The Newburgh Press (NYSE:CIT)
newburghpress.com - January 28 at 4:45 AM
wsj.com logo[$$] New Mnuchin Pay Disclosure Shows a $5.6 Million Payout (NYSE:CIT)
www.wsj.com - January 27 at 5:41 PM
bloomberg.com logoNow Could Be a Good Time to Buy Singapore Property Stocks (NYSE:CIT)
www.bloomberg.com - January 25 at 10:26 PM
realistinvestor.com logoAnalysts Rating Of CIT Group Inc (DEL) (NYSE:CIT) At 2.6 (NYSE:CIT)
www.realistinvestor.com - January 25 at 5:26 PM
News IconSynopsys INC (SNPS) Shareholder Perkins Investment Management LLC Has Cut Stake by $8.42 Million (NYSE:CIT)
randolphguide.com - January 24 at 9:53 PM
4-traders.com logoCIT : To Announce Fourth Quarter And Full Year 2016 Financial Results On Tuesday, January 31st (NYSE:CIT)
www.4-traders.com - January 24 at 4:52 PM
finance.yahoo.com logo2016: A Transformational Year for Avolon (NYSE:CIT)
au.finance.yahoo.com - January 24 at 4:52 PM
thestreet.com logoChina's HNA Prowls for More U.S. Purchases After Scaramucci Deal (NYSE:CIT)
www.thestreet.com - January 24 at 4:52 PM
News IconEarnings in Full Force, Analysts Take Aim at CIT Group Inc (DEL) (NYSE:CIT) - Wall Street Beacon (NYSE:CIT)
wsbeacon.com - January 23 at 4:35 PM
finance.yahoo.com logoCIT To Announce Fourth Quarter And Full Year 2016 Financial Results On Tuesday, January 31st (NYSE:CIT)
finance.yahoo.com - January 23 at 4:35 PM
News IconNotable Friday Option Activity: CIT, FSLR, GOGO (NYSE:CIT)
www.stockoptionschannel.com - January 20 at 5:28 PM
4-traders.com logoCIT GROUP INC : Other Events (form 8-K) (NYSE:CIT)
www.4-traders.com - January 19 at 5:31 PM
biz.yahoo.com logoCIT GROUP INC Files SEC form 8-K, Other Events (NYSE:CIT)
us.rd.yahoo.com - January 19 at 5:31 PM
thestreet.com logoMnuchin Omits $100 Million in Assets, Says It's 'Quite Complicated' (NYSE:CIT)
us.rd.yahoo.com - January 19 at 5:31 PM
News IconEarnings According to Analysts for CIT Group Inc (DEL) (NYSE:CIT)? - Aiken Advocate (NYSE:CIT)
aikenadvocate.com - January 19 at 2:39 AM
capitalcube.com logoCIT Group, Inc. breached its 50 day moving average in a Bearish Manner : CIT-US : January 18, 2017 (NYSE:CIT)
www.capitalcube.com - January 18 at 4:36 PM
finance.yahoo.com logoCIT Declares Quarterly Dividend (NYSE:CIT)
finance.yahoo.com - January 18 at 4:36 PM
finance.yahoo.com logoCIT Appoints Paul Tufaro As Executive Vice President And Chief Compliance Officer (NYSE:CIT)
finance.yahoo.com - January 17 at 9:01 AM
News IconWill The Needle Move For CIT Group Inc (DEL) (NYSE:CIT) Shares This Earnings Season? - Wall Street Beacon (NYSE:CIT)
wsbeacon.com - January 16 at 9:22 PM
realistinvestor.com logoCIT Group Inc (DEL) (NYSE:CIT) Analysts Rating At 2.45 - RealistInvestor.com (NYSE:CIT)
www.realistinvestor.com - January 12 at 9:38 PM
News IconGearing Up For a Bull Run? Analysts Weigh in on CIT Group Inc (DEL) (NYSE:CIT) - Wall Street Beacon (NYSE:CIT)
wsbeacon.com - January 12 at 9:38 PM
wsj.com logo[$$] Treasury Pick Mnuchin Agrees to Divest From Some Holdings (NYSE:CIT)
www.wsj.com - January 11 at 9:45 PM
wsj.com logo[$$] Treasury Pick Mnuchin Agrees to Divest Some Holdings (NYSE:CIT)
us.rd.yahoo.com - January 11 at 4:45 PM

Social

What is CIT Group Inc (DEL)'s stock symbol?

CIT Group Inc (DEL) trades on the New York Stock Exchange (NYSE) under the ticker symbol "CIT."

How often does CIT Group Inc (DEL) pay dividends? What is the dividend yield for CIT Group Inc (DEL)?

CIT Group Inc (DEL) announced a quarterly dividend on Wednesday, January 18th. Investors 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 dividend yield of 1.37%. The ex-dividend date of this dividend is Wednesday, February 8th.

Where is CIT Group Inc (DEL)'s stock going? Where will CIT Group Inc (DEL)'s stock price be in 2017?

16 brokers have issued twelve-month price targets for CIT Group Inc (DEL)'s shares. Their predictions range from $33.00 to $50.00. On average, they expect CIT Group Inc (DEL)'s stock price to reach $41.09 in the next twelve months.

When will CIT Group Inc (DEL) announce their earnings?

CIT Group Inc (DEL) is scheduled to release their next quarterly earnings announcement on Wednesday, April, 26th 2017.

What are analysts saying about CIT Group Inc (DEL) stock?

Here are some recent quotes from research analysts about CIT Group Inc (DEL) 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 Inc (DEL) stock?

CIT Group Inc (DEL)'s stock is owned by a number 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 Inc (DEL) stock include Alan L Frank, John A Thain, Matthew Galligan and Steven T Mnuchin.

Who sold CIT Group Inc (DEL) stock? Who is selling CIT Group Inc (DEL) stock?

CIT Group Inc (DEL)'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 Inc (DEL) stock? Who is buying CIT Group Inc (DEL) stock?

CIT Group Inc (DEL)'s stock was bought 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 Inc (DEL) stock in the last two years include Alan L Frank, John A Thain and Steven T Mnuchin.

How do I buy CIT Group Inc (DEL) stock?

Shares of CIT Group Inc (DEL) 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 Inc (DEL) stock cost?

One share of CIT Group Inc (DEL) stock can currently be purchased for approximately $43.72.

CIT Group Inc (DEL) (NYSE:CIT) Chart for Monday, February, 20, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for CIT Group Inc (DEL) (NYSE:CIT)

Earnings History Chart

Earnings by Quarter for CIT Group Inc (DEL) (NYSE:CIT)

Dividend History Chart

Dividend Payments by Quarter for CIT Group Inc (DEL) (NYSE:CIT)

Last Updated on 2/20/2017 by MarketBeat.com Staff