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

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$41.17 -1.37 (-3.22 %)
(As of 12/16/2018 07:47 AM ET)
Previous Close$41.17
Today's Range$41.0233 - $42.60
52-Week Range$41.02 - $56.14
Volume1.17 million shs
Average Volume1.05 million shs
Market Capitalization$4.35 billion
P/E Ratio10.61
Dividend Yield2.43%
Beta1.29
CIT Group Inc. operates as the bank holding company for CIT Bank, National Association that provides banking and related services to commercial and individual customers. The company operates through three segments: Commercial Banking, Consumer Banking, and Non-Strategic Portfolios (NSP). 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; and equipment leasing and secured financing to railroads and non-rail companies. The Consumer Banking segment provides mortgage loans and deposits. It accepts deposits, including checking and savings accounts, money market accounts, and certificates of deposit; and offers residential mortgage and small business administration loans, and reverse mortgages, as well as fiduciary services. The NSP segment provides equipment financing, secured lending, and leasing and advisory services to small and middle-market businesses. The company also offers online banking services. It operates through a network of 70 branches located in southern California. CIT Group Inc. was founded in 1908 and is headquartered in Livingston, New Jersey.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNYSE:CIT
Previous Symbol
CUSIP12558180
Phone212-461-5200

Debt

Debt-to-Equity Ratio1.45
Current Ratio1.02
Quick Ratio1.02

Price-To-Earnings

Trailing P/E Ratio10.61
Forward P/E Ratio10.32
P/E Growth1.03

Sales & Book Value

Annual Sales$3.21 billion
Price / Sales1.36
Cash Flow$8.8538 per share
Price / Cash Flow4.65
Book Value$53.29 per share
Price / Book0.77

Profitability

EPS (Most Recent Fiscal Year)$3.07
Net Income$468.20 million
Net Margins8.00%
Return on Equity7.58%
Return on Assets0.99%

Miscellaneous

Employees4,167
Outstanding Shares105,590,000
Market Cap$4.35 billion
OptionableOptionable

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 declared a quarterly dividend on Tuesday, October 16th. Investors of record on Tuesday, November 13th will be given a dividend of $0.25 per share on Tuesday, November 27th. This represents a $1.00 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Friday, November 9th. View CIT Group's Dividend History.

How will CIT Group's stock buyback program work?

CIT Group declared that its Board of Directors has authorized a share repurchase plan on Thursday, June 29th 2017, which allows the company to buyback $225,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 2.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its stock is undervalued.

How were CIT Group's earnings last quarter?

CIT Group Inc. (NYSE:CIT) issued its quarterly earnings data on Tuesday, October, 23rd. The financial services provider reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.01. The financial services provider earned $476 million during the quarter, compared to the consensus estimate of $475.48 million. CIT Group had a net margin of 8.00% and a return on equity of 7.58%. The firm's quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.42 earnings per share. 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, January 29th 2019. View Earnings Estimates for CIT Group.

What price target have analysts set for CIT?

10 analysts have issued 12 month price objectives for CIT Group's stock. Their forecasts range from $47.00 to $60.00. On average, they anticipate CIT Group's stock price to reach $53.0640 in the next year. This suggests a possible upside of 28.9% from the stock's current price. View Analyst Price Targets for CIT Group.

What is the consensus analysts' recommendation for CIT Group?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CIT Group in the last year. There are currently 8 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for CIT Group.

Has CIT Group been receiving favorable news coverage?

News headlines about CIT stock have trended somewhat positive this week, according to InfoTrie. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. CIT Group earned a coverage optimism score of 1.0 on InfoTrie's scale. They also gave news stories about the financial services provider a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next few days.

Who are some of CIT Group's key competitors?

Who are CIT Group's key executives?

CIT Group's management team includes the folowing people:
  • Ms. Ellen R. Alemany, Chairwoman & CEO (Age 62)
  • Mr. John J. Fawcett, Exec. VP & CFO (Age 59)
  • Mr. James L. Hudak, Pres of Commercial Fin. (Age 54)
  • Mr. Steven Solk, Pres of CIT Consumer Banking & Pres of California (Age 63)
  • Ms. Denise M. Menelly, Exec. VP & Head of Technology and Operations (Age 56)

Who are CIT Group's major shareholders?

CIT Group's stock is owned by a number of of retail and institutional investors. Top institutional investors include Capital World Investors (10.19%), Vanguard Group Inc. (9.31%), Vanguard Group Inc (9.31%), First Pacific Advisors LP (8.85%), Franklin Resources Inc. (8.23%) and BlackRock Inc. (6.28%). Company insiders that own CIT Group stock include Denise M Menelly, Edward K Sperling, James L Hudak, Matthew Galligan, Michael L Brosnan, R Brad Oates, Robert Rowe, Sheila A Stamps and Steve Solk. View Institutional Ownership Trends for CIT Group.

Which institutional investors are selling CIT Group stock?

CIT stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, FMR LLC, Wedge Capital Management L L P NC, BlackRock Inc., Franklin Resources Inc., Highland Capital Management LP, O Shaughnessy Asset Management LLC and NWQ Investment Management Company LLC. Company insiders that have sold CIT Group company stock in the last year include Edward K Sperling, James L Hudak and Sheila A Stamps. View Insider Buying and Selling for CIT Group.

Which institutional investors are buying CIT Group stock?

CIT stock was purchased by a variety of institutional investors in the last quarter, including Capital World Investors, Capital International Investors, Thompson Siegel & Walmsley LLC, JPMorgan Chase & Co., JPMorgan Chase & Co., Victory Capital Management Inc., Morgan Stanley and Korea Investment CORP. 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, Scottrade, Fidelity and Charles Schwab.

What is CIT Group's stock price today?

One share of CIT stock can currently be purchased for approximately $41.17.

How big of a company is CIT Group?

CIT Group has a market capitalization of $4.35 billion and generates $3.21 billion in revenue each year. The financial services provider earns $468.20 million in net income (profit) each year or $3.07 on an earnings per share basis. CIT Group employs 4,167 workers across the globe.

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:  2.1 out of 5 (star star)
Outperform Votes:  401 (Vote Outperform)
Underperform Votes:  543 (Vote Underperform)
Total Votes:  944
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 12/16/2018 by MarketBeat.com Staff

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