NYSE:CIT - CIT Group Stock Price, Price Target & More

Sign in or create an account to add this stock to your watchlist.
$51.12 -0.16 (-0.31 %)
(As of 06/19/2018 01:56 PM ET)
Previous Close$50.88
Today's Range$50.71 - $51.23
52-Week Range$43.25 - $56.14
Volume83,187 shs
Average Volume2.42 million shs
Market Capitalization$6.48 billion
P/E Ratio16.64
Dividend Yield1.26%
CIT Group logoCIT 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.

Receive CIT News and Ratings via Email

Sign-up to receive the latest news and ratings for CIT and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks


Debt-to-Equity Ratio1.53
Current Ratio1.09
Quick Ratio1.09


Trailing P/E Ratio16.64
Forward P/E Ratio12.81
P/E Growth1.28

Sales & Book Value

Annual Sales$3.21 billion
Price / Sales2.03
Cash Flow$8.8750 per share
Price / Cash5.76
Book Value$53.29 per share
Price / Book0.96


EPS (Most Recent Fiscal Year)$3.07
Net Income$468.20 million
Net Margins11.93%
Return on Equity7.76%
Return on Assets1.08%


Outstanding Shares127,070,000

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 Monday, April 16th. Investors of record on Friday, May 11th will be paid a dividend of $0.16 per share on Friday, May 25th. This represents a $0.64 annualized dividend and a yield of 1.25%. The ex-dividend date is Thursday, May 10th. View CIT Group's Dividend History.

How will CIT Group's stock buyback program work?

CIT Group announced that its Board of Directors has authorized a share buyback program on Thursday, June 29th 2017, which authorizes the company to repurchase $225,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 2.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

How were CIT Group's earnings last quarter?

CIT Group (NYSE:CIT) issued its quarterly earnings data on Tuesday, April, 24th. The financial services provider reported $0.74 EPS for the quarter, missing the consensus estimate of $0.96 by $0.22. The financial services provider had revenue of $495 million for the quarter, compared to analyst estimates of $481 million. CIT Group had a return on equity of 7.76% and a net margin of 11.93%. During the same quarter last year, the company posted $0.54 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, July, 24th 2018. View Earnings Estimates for CIT Group.

What price target have analysts set for CIT?

13 equities research analysts have issued 1 year target prices for CIT Group's shares. Their predictions range from $46.00 to $60.00. On average, they anticipate CIT Group's stock price to reach $54.8182 in the next year. View Analyst Ratings for CIT Group.

Are investors shorting CIT Group?

CIT Group saw a increase in short interest in the month of May. As of May 31st, there was short interest totalling 10,624,123 shares, an increase of 158.9% from the May 15th total of 4,104,068 shares. Based on an average daily volume of 3,775,563 shares, the days-to-cover ratio is currently 2.8 days. Currently, 8.4% of the company's stock are sold short.

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, EVP & Head of Technology and Operations (Age 56)

Has CIT Group been receiving favorable news coverage?

News stories about CIT stock have trended somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. CIT Group earned a news sentiment score of 0.07 on Accern's scale. They also gave media stories about the financial services provider an impact score of 45.44 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term.

Who are CIT Group's major shareholders?

CIT Group's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Franklin Resources Inc. (7.66%), First Pacific Advisors LLC (7.39%), BlackRock Inc. (5.47%), LSV Asset Management (2.92%), Thompson Siegel & Walmsley LLC (1.92%) and Dimensional Fund Advisors LP (1.74%). 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 First Pacific Advisors LLC, Franklin Resources Inc., Federated Investors Inc. PA, Russell Investments Group Ltd., JPMorgan Chase & Co., Thompson Siegel & Walmsley LLC, Dalton Greiner Hartman Maher & Co. and Lord Abbett & CO. LLC. Company insiders that have sold CIT Group company stock in the last year include Denise M Menelly, Edward K Sperling, James L Hudak, Sheila A Stamps and Steve Solk. View Insider Buying and Selling for CIT Group.

Which institutional investors are buying CIT Group stock?

CIT stock was bought by a variety of institutional investors in the last quarter, including OppenheimerFunds Inc., Royal Bank of Canada, Prudential Financial Inc., Dimensional Fund Advisors LP, Mackay Shields LLC, Millennium Management LLC, LSV Asset Management and Teacher Retirement System of Texas. 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 $51.12.

How big of a company is CIT Group?

CIT Group has a market capitalization of $6.48 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.

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 (CIT)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  363 (Vote Outperform)
Underperform Votes:  492 (Vote Underperform)
Total Votes:  855
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 6/19/2018 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.