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

$47.18
+0.32 (+0.68 %)
(As of 02/20/2020 06:55 AM ET)
Today's Range
$46.81
Now: $47.18
$47.34
50-Day Range
$44.39
MA: $46.23
$48.58
52-Week Range
$40.34
Now: $47.18
$54.02
Volume589,900 shs
Average Volume2.61 million shs
Market Capitalization$4.47 billion
P/E Ratio8.94
Dividend Yield2.99%
Beta1.58
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$3.29 billion
Cash Flow$7.92 per share
Book Value$53.24 per share

Profitability

Net Income$529.90 million

Miscellaneous

Employees3,678
Market Cap$4.47 billion
Next Earnings Date4/28/2020 (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 declared a quarterly dividend on Wednesday, January 22nd. Stockholders of record on Friday, February 7th will be paid a dividend of $0.35 per share on Friday, February 21st. This represents a $1.40 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Thursday, February 6th. View CIT Group's Dividend History.

How were CIT Group's earnings last quarter?

CIT Group Inc. (NYSE:CIT) released its earnings results on Tuesday, January, 28th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.11 by $0.16. The financial services provider earned $461 million during the quarter, compared to analysts' expectations of $449.80 million. CIT Group had a return on equity of 9.05% and a net margin of 16.11%. The company's revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.10 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, April 28th 2020. View Earnings Estimates for CIT Group.

What price target have analysts set for CIT?

6 Wall Street analysts have issued 1 year target prices for CIT Group's shares. Their forecasts range from $48.00 to $76.00. On average, they anticipate CIT Group's stock price to reach $58.17 in the next twelve months. This suggests a possible upside of 23.3% 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?

News coverage about CIT stock has been trending extremely negative on Thursday, InfoTrie reports. InfoTrie rates the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. CIT Group earned a media sentiment score of -4.6 on InfoTrie's scale. They also gave news stories about the financial services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for CIT Group.

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), Exxon Mobil (XOM), Kinder Morgan (KMI), Pfizer (PFE), AbbVie (ABBV), American International Group (AIG), Home Depot (HD), Morgan Stanley (MS), AT&T (T) and Twitter (TWTR).

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 many different of institutional and retail investors. Top institutional shareholders include Capital World Investors (7.95%), Franklin Resources Inc. (6.54%), LSV Asset Management (4.78%), Lakewood Capital Management LP (3.39%), State Street Corp (3.04%) and Hotchkis & Wiley Capital Management LLC (2.53%). 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 institutional investors are selling CIT Group stock?

CIT stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, Sumitomo Mitsui Trust Holdings Inc., FMR LLC, Prudential Financial Inc., Marshall Wace North America L.P., AQR Capital Management LLC, Los Angeles Capital Management & Equity Research Inc. and Franklin Resources Inc.. 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 institutional investors are buying CIT Group stock?

CIT stock was bought by a variety of institutional investors in the last quarter, including Capital World Investors, Artemis Investment Management LLP, Bank of America Corp DE, Lakewood Capital Management LP, Victory Capital Management Inc., MERIAN GLOBAL INVESTORS UK Ltd, MERIAN GLOBAL INVESTORS UK Ltd and Swiss National Bank. 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 $47.18.

How big of a company is CIT Group?

CIT Group has a market capitalization of $4.47 billion and generates $3.29 billion in revenue each year. The financial services provider earns $529.90 million in net income (profit) each year or $5.06 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 or via email at [email protected]


MarketBeat Community Rating for CIT Group (NYSE CIT)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  478 (Vote Outperform)
Underperform Votes:  627 (Vote Underperform)
Total Votes:  1,105
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 2/20/2020 by MarketBeat.com Staff

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