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CIT Group Stock Price, News & Analysis (NYSE:CIT)

$43.99
-1.61 (-3.53 %)
(As of 10/23/2019 02:08 AM ET)
Today's Range
$42.66
Now: $43.99
$44.94
50-Day Range
$41.19
MA: $44.63
$47.36
52-Week Range
$35.50
Now: $43.99
$54.02
Volume1.72 million shs
Average Volume791,188 shs
Market Capitalization$4.17 billion
P/E Ratio10.89
Dividend Yield3.07%
Beta1.61
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$3.27 billion
Cash Flow$7.80 per share
Book Value$53.24 per share

Profitability

Net Income$447.10 million

Miscellaneous

Employees3,678
Market Cap$4.17 billion
Next Earnings DateN/A
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 announced a quarterly dividend on Thursday, October 17th. Investors of record on Friday, November 8th will be paid a dividend of $0.35 per share on Friday, November 22nd. This represents a $1.40 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Thursday, November 7th. View CIT Group's Dividend History.

How were CIT Group's earnings last quarter?

CIT Group Inc. (NYSE:CIT) issued its quarterly earnings data on Tuesday, October, 22nd. The financial services provider reported $1.29 EPS for the quarter, hitting the consensus estimate of $1.29. The financial services provider had revenue of $454 million for the quarter, compared to the consensus estimate of $460.02 million. CIT Group had a return on equity of 9.02% and a net margin of 14.72%. CIT Group's quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.15 earnings per share. View CIT Group's Earnings History.

What price target have analysts set for CIT?

6 brokers have issued 12 month target prices for CIT Group's stock. Their forecasts range from $47.00 to $71.00. On average, they anticipate CIT Group's stock price to reach $57.17 in the next twelve months. This suggests a possible upside of 30.0% 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 articles about CIT stock have trended somewhat negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real-time. 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 news impact score of -1.7 on InfoTrie's scale. They also assigned news stories about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for CIT Group.

Are investors shorting CIT Group?

CIT Group saw a increase in short interest in September. As of September 30th, there was short interest totalling 3,970,000 shares, an increase of 8.5% from the August 30th total of 3,660,000 shares. Based on an average daily trading volume, of 735,400 shares, the short-interest ratio is presently 5.4 days. Approximately 4.2% of the shares of the stock are sold short. View CIT Group's Current Options Chain.

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), Kinder Morgan (KMI), Morgan Stanley (MS), American International Group (AIG), Blackstone Group (BX), American Express (AXP), Citigroup (C), Procter & Gamble (PG), Twitter (TWTR) and United Technologies (UTX).

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 a variety of of institutional and retail investors. Top institutional investors include Robeco Institutional Asset Management B.V. (0.62%), Artemis Investment Management LLP (0.23%), Virginia Retirement Systems ET AL (0.18%), Dalton Greiner Hartman Maher & Co. (0.17%), Northpointe Capital LLC (0.06%) and Envestnet Asset Management Inc. (0.06%). Company insiders that own CIT Group stock include Alan L Frank, Denise M Menelly, 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 Zurcher Kantonalbank Zurich Cantonalbank , Strs Ohio, Gulf International Bank UK Ltd, Meeder Asset Management Inc. and Envestnet Asset Management 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 purchased by a variety of institutional investors in the last quarter, including Artemis Investment Management LLP, Dalton Greiner Hartman Maher & Co., Robeco Institutional Asset Management B.V., Northpointe Capital LLC, Convergence Investment Partners LLC, Zeke Capital Advisors LLC, Whittier Trust Co. and Campbell & CO Investment Adviser LLC. Company insiders that have bought CIT Group stock in the last two years include Alan L Frank, 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 $43.99.

How big of a company is CIT Group?

CIT Group has a market capitalization of $4.17 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 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.


MarketBeat Community Rating for CIT Group (NYSE CIT)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  458 (Vote Outperform)
Underperform Votes:  601 (Vote Underperform)
Total Votes:  1,059
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 10/23/2019 by MarketBeat.com Staff

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