CIT Group Inc. CIT
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Day range unavailable
52-week range unavailable
- Open
- —
- Prev close
- 0.00
- Mkt cap
- 5.31B
- Vol
- 0
- Avg vol
- 0
- EPS
- 0.00
- P/E
- 0.00
- Div yield
- 2.62%
More statistics
- Low
- —
- High
- —
- Forward P/E
- 11.41
- Beta
- 1.47
- Short ratio
- 11.84
- Inst. own
- 94.43%
- Dividend
- 1.40
- Ex-div date
- Oct 27, 2021
- Earnings
- Jan 25, 2022
- 50-d avg
- 50.58
- 200-d avg
- 51.59
- 1y target
- 52.67
Key statistics
- Market cap
- 5.31B
- Enterprise value
- 7.13B
- Trailing P/E
- 7.78
- Forward P/E
- 11.41
- PEG ratio
- 0.66
- Price / sales
- 1.91
- Price / book
- 0.94
- EPS (TTM)
- 6.88
- Beta
- 1.47
- Dividend yield
- 2.62%
- Payout ratio
- 20.41%
- Profit margin
- 25.80%
- Revenue (TTM)
- 2.77B
- Revenue growth
- 17.40%
- Free cash flow
- 0
- Total cash
- 4.87B
- Total debt
- 6.17B
- Return on equity
- 11.97%
- Shares outstanding
- 99.17M
- Short % of float
- 6.59%
- 50-day average
- 50.58
- 200-day average
- 51.59
Analyst view
Consensus: hold
- Target (low)
- 46.00
- Target (mean)
- 52.67
- Target (high)
- 62.00
- Strong buy5
- Buy1
- Hold4
- Sell1
- Strong sell0
Next earnings
Jan 25, 2022
Expected Jan 25, 2022. Consensus EPS estimate 0.98.
Financials — quick view
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Jan 25, 2022 | Dec 1, 2021 | 1.11 | — | — | — |
| Oct 26, 2021 | Sep 1, 2021 | 1.33 | — | — | — |
| Jul 27, 2021 | Jun 1, 2021 | 1.24 | — | — | — |
| Apr 28, 2021 | Mar 1, 2021 | 0.98 | — | — | — |
| Jan 26, 2021 | Dec 1, 2020 | 0.54 | — | — | — |
| Oct 16, 2020 | Sep 1, 2020 | 0.14 | — | — | — |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Apr 20, 2021 | Keefe, Bruyette & Woods | up | Market Perform | Outperform |
| Jan 27, 2021 | Wells Fargo | main | — | Equal-Weight |
| Nov 11, 2020 | BMO Capital | down | Outperform | Market Perform |
| Aug 4, 2020 | Morgan Stanley | main | — | Equal-Weight |
| Jul 22, 2020 | Citigroup | main | — | Buy |
| Jun 18, 2020 | Citigroup | main | — | Buy |
About CIT Group Inc.
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 provides a range of commercial lending, leasing, and deposit products; loans comprising revolving lines of credit, term loans, unsecured loans, collateral-backed loans, asset-based loans, commercial real estate loans, and cash flow loans; and ancillary services and products, including cash management, capital markets, and advisory services primarily to small and middle market companies. This segment also offers asset management, factoring, receivable management, and secured financing services; supply chain financing, leasing and equipment financing to small businesses and middle market, and railroads and shippers. The Consumer Banking segment provides checking, savings, money market, and individual retirement accounts; time deposits and certificates of deposit; residential mortgage loans; small business administration loans; payment solutions; and fiduciary services. The company also offers leasing and advisory, and online banking services. It operates through a network of approximately 60 branches located in southern California. CIT Group Inc. was founded in 1908 and is based in New York, New York.
- Sector
- Financial Services
- Industry
- Banks—Regional
- Country
- United States
- Website
- cit.com
News
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| CARPENTER MICHAEL A | Director | Conversion of Exercise of derivative security | May 31, 2021 | 0 |
| DOMINGUEZ DORENE C | Director | Conversion of Exercise of derivative security | May 31, 2021 | 9,505 |
| FRANK ALAN L | Director | Conversion of Exercise of derivative security | May 31, 2021 | 50,047 |
| FREEMAN WILLIAM M | Director | Conversion of Exercise of derivative security | May 31, 2021 | 17,927 |
| OATES R BRAD | Director | Conversion of Exercise of derivative security | May 31, 2021 | 0 |
| ROSENFELD GERALD | Director | Conversion of Exercise of derivative security | May 31, 2021 | 0 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Blackrock Inc. | 11.59% | 11,490,109 | 596.91M | Sep 29, 2021 |
| Vanguard Group, Inc. (The) | 9.67% | 9,587,617 | 498.08M | Sep 29, 2021 |
| State Street Corporation | 5.32% | 5,276,859 | 274.13M | Sep 29, 2021 |
| Alua Capital Management LP | 4.52% | 4,484,819 | 232.99M | Sep 29, 2021 |
| Lord Abbett & Co | 4.41% | 4,370,317 | 227.04M | Sep 29, 2021 |
| Egerton Capital (UK) LLP | 3.77% | 3,735,375 | 194.05M | Sep 29, 2021 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Undiscovered Managers Behavioral Value Fund | 2.84% | 2,819,267 | 146.46M | Sep 29, 2021 |
| Vanguard Total Stock Market Index Fund | 2.84% | 2,812,258 | 146.10M | Sep 29, 2021 |
| iShares Core S&P Midcap ETF | 2.70% | 2,676,364 | 132.56M | Oct 30, 2021 |
| Vanguard Small-Cap Index Fund | 2.49% | 2,473,139 | 128.48M | Sep 29, 2021 |
| iShares Russell 2000 ETF | 2.34% | 2,324,582 | 115.14M | Oct 30, 2021 |
| Vanguard/Windsor II | 1.96% | 1,947,710 | 96.47M | Oct 30, 2021 |