NYSE:CIT - CIT Group Stock Price, News, & Analysis Sign in or create an account to add this stock to your watchlist. Get Started $50.66 -0.11 (-0.22 %) (As of 02/19/2019 10:16 AM ET)Previous Close$50.77Today's Range$50.36 - $50.6652-Week Range$35.50 - $56.14Volume34,730 shsAverage Volume985,444 shsMarket Capitalization$5.35 billionP/E Ratio12.54Dividend Yield2.00%Beta1.46 ProfileDiscussionAnalyst RatingsChartDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email 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. 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 Stock Exchange NYSE Industry National commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNYSE:CIT Previous Symbol CUSIP12558180 Webwww.cit.com Phone212-461-5200Debt Debt-to-Equity Ratio1.45 Current Ratio1.02 Quick Ratio1.02Price-To-Earnings Trailing P/E Ratio12.54 Forward P/E Ratio10.32 P/E Growth1.02 Sales & Book Value Annual Sales$3.27 billion Price / Sales1.63 Cash Flow$8.9505 per share Price / Cash Flow5.66 Book Value$53.29 per share Price / Book0.95Profitability EPS (Most Recent Fiscal Year)$4.04 Net Income$447.10 million Net Margins13.66% Return on Equity7.58% Return on Assets0.96%Miscellaneous Employees4,167 Outstanding Shares105,593,000Market Cap$5.35 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 announced a quarterly dividend on Wednesday, January 23rd. Stockholders of record on Friday, February 8th will be given a dividend of $0.25 per share on Friday, February 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Thursday, February 7th. View CIT Group's Dividend History. How will CIT Group's stock buyback program work? CIT Group announced that its board has approved a share repurchase plan on Thursday, June 29th 2017, which allows the company to repurchase $225,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 2.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its shares are undervalued. How were CIT Group's earnings last quarter? CIT Group Inc. (NYSE:CIT) issued its quarterly earnings data on Tuesday, January, 29th. The financial services provider reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.11. The financial services provider had revenue of $421 million for the quarter, compared to analysts' expectations of $507 million. CIT Group had a net margin of 13.66% and a return on equity of 7.58%. During the same quarter in the prior year, the company earned $0.99 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, April 23rd 2019. View Earnings Estimates for CIT Group. What price target have analysts set for CIT? 9 brokers have issued twelve-month target prices for CIT Group's shares. Their forecasts range from $47.00 to $61.00. On average, they expect CIT Group's share price to reach $53.96 in the next twelve months. This suggests a possible upside of 6.3% from the stock's current price. View Analyst Price Targets for CIT Group. What is the consensus analysts' recommendation for CIT Group? 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CIT Group in the last year. There are currently 5 hold ratings and 4 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? Headlines about CIT stock have been trending positive on Tuesday, according to InfoTrie. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. CIT Group earned a coverage optimism score of 2.3 on InfoTrie's scale. They also gave news stories about the financial services provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the near future. Who are some of CIT Group's key competitors? Some companies that are related to CIT Group include Shinhan Financial Group (SHG), KeyCorp (KEY), DANSKE BK A/S/S (DNKEY), Regions Financial (RF), Huntington Bancshares (HBAN), Comerica (CMA), Zions Bancorporation NA (ZION), Cullen/Frost Bankers (CFR), BOK Financial (BOKF), Akbank T.A.S. (AKBTY), Webster Financial (WBS), First Horizon National (FHN), PacWest Bancorp (PACW), Synovus Financial (SNV) and Pinnacle Financial Partners (PNFP). 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)Mr. James L. Hudak, Pres of Commercial Fin. (Age 55)Mr. Steven Solk, Pres of CIT Consumer Banking & Pres of California (Age 64)Ms. Denise M. Menelly, Exec. VP & Head of Technology and Operations (Age 57) Who are CIT Group's major shareholders? CIT Group's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.16%), LSV Asset Management (3.94%), New Mountain Vantage Advisers L.L.C. (3.54%), Dimensional Fund Advisors LP (2.48%), Lakewood Capital Management LP (2.28%) and Northern Trust Corp (1.53%). Company insiders that own CIT Group stock include Denise M Menelly, Edward K Sperling, James L Hudak, Michael L Brosnan, R Brad Oates, Robert Rowe, 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 Owl Creek Asset Management L.P., Millennium Management LLC, D. E. Shaw & Co. Inc., Dalton Greiner Hartman Maher & Co., Basswood Capital Management L.L.C., Bank of America Corp DE, BlackRock Inc. and KBC Group NV. 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 major investors are buying CIT Group stock? CIT stock was acquired by a variety of institutional investors in the last quarter, including New Mountain Vantage Advisers L.L.C., Lakewood Capital Management LP, Northern Trust Corp, LSV Asset Management, Geode Capital Management LLC, Brandywine Global Investment Management LLC, MUFG Securities EMEA plc and Two Sigma Advisers LP. 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 $50.77. How big of a company is CIT Group? CIT Group has a market capitalization of $5.36 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 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 ( )Outperform Votes: 414 (Vote Outperform)Underperform Votes: 553 (Vote Underperform)Total Votes: 967MarketBeat'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 2/19/2019 by MarketBeat.com StaffFeatured Article: What is Cost of Capital?