CIT Group Inc. (NYSE:CIT) Rating Changes as of Jun 29, 2018

June 29, 2018 - By Rebecca Betts

CIT Group Inc. (NYSE:CIT) Corporate Logo
During Q1 2018 the big money sentiment decreased to 0.84. That’s change of 0.06, from 2017Q4’s 0.9. 36 investors sold all, 93 reduced holdings as CIT Group Inc. ratio dived. 70 rose stakes while 39 funds acquired stakes. Funds hold 123.13 million shares thus 4.80% less from 2017Q4’s 129.34 million shares.
Peak6 Invs Ltd Partnership invested in 0.02% or 90,776 shs. Spears Abacus Advsr reported 3.99% of its capital in CIT Group Inc. (NYSE:CIT). Fifth Third Financial Bank reported 0% in CIT Group Inc. (NYSE:CIT). Oppenheimer Asset Management Inc holds 4,263 shs or 0.01% of its capital. 3,009 were accumulated by Assetmark Incorporated. Federated Inc Pa has invested 0% in CIT Group Inc. (NYSE:CIT). Strs Ohio holds 125,206 shs. Janney Montgomery Scott Limited Co invested in 5,590 shs or 0% of the stock. Nomura Asset Management Com Ltd owns 0.01% invested in CIT Group Inc. (NYSE:CIT) for 24,160 shs. Salzhauer Michael accumulated 24,340 shs. Quantbot Limited Partnership stated it has 3,775 shs or 0.02% of all its holdings. Alliancebernstein L P reported 110,654 shs or 0% of all its holdings. Aperio Grp Ltd Liability Co accumulated 0.03% or 106,001 shs. Kenmare Cap Prns Ltd Com holds 11,420 shs or 0.63% of its capital. Pinebridge Investments L P invested 0.07% of its capital in CIT Group Inc. (NYSE:CIT).

CIT Group Inc. registered $372,639 net activity with 0 buys and 3 sales since March 1, 2018. On Thursday, June 7 Stamps Sheila A had sold 3,350 shs worth $174,585. The insider SPERLING EDWARD K sold $90,786.

CIT Group Inc. (NYSE:CIT) Ratings Coverage

Total analysts of 10 have positions in CIT Group (NYSE:CIT) as follows: 3 rated it a “Buy”, 0 with “Sell” and 7 with “Hold”. The positive are 30%. Since January 2, 2018 according to StockzIntelligence Inc CIT Group has 14 analyst reports. In Tuesday, January 2 report Stephens maintained it with “Buy” rating and $60.0 target. On Monday, February 5 Credit Suisse maintained CIT Group Inc. (NYSE:CIT) with “Neutral” rating. On Monday, February 5 the firm has “Market Perform” rating by BMO Capital Markets given. On Monday, June 18 the stock has “Hold” rating by Credit Suisse. On Sunday, February 4 the rating was maintained by Keefe Bruyette & Woods with “Hold”. On Monday, March 26 the firm has “Buy” rating given by Oppenheimer. On Wednesday, January 31 the rating was maintained by Wells Fargo with “Market Perform”. On Tuesday, March 27 the firm earned “Hold” rating by UBS. On Tuesday, April 24 the firm earned “Buy” rating by BTIG Research. On Monday, February 26 the firm has “Hold” rating given by Keefe Bruyette & Woods. Listed here are CIT Group Inc. (NYSE:CIT) PTs and latest ratings.

18/06/2018 Broker: Credit Suisse Rating: Hold New Target: $54.0000 Maintain
24/04/2018 Broker: BTIG Research Rating: Buy New Target: $57.0000 Maintain
24/04/2018 Broker: BMO Capital Markets Rating: Hold New Target: $46.0000 Maintain
27/03/2018 Broker: UBS Rating: Hold New Target: $56.0000 Initiate
26/03/2018 Broker: Oppenheimer Rating: Buy New Target: $59.0000 Maintain
26/02/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $56.0 Maintain
05/02/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Neutral Old Target: $50 New Target: $54 Maintain
05/02/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $54 New Target: $57 Maintain
04/02/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $54.0 Maintain
05/02/2018 Broker: BMO Capital Markets Old Rating: Underperform New Rating: Market Perform Old Target: $35 Upgrade

CIT reached $51.27 during the last trading session after $1.63 change.CIT Group Inc. has volume of 596,798 shares. Since June 29, 2017 CIT has risen 10.15% and is uptrending. CIT underperformed by 2.42% the S&P500.

CIT Group Inc. operates as the bank holding firm for CIT Bank, National Association that provides banking and related services to commercial and individual customers.The firm is worth $5.94 billion. The firm operates through Commercial Banking, Consumer Banking, Non-Strategic Portfolios , and Corporate and Other divisions.19.9 is the P/E ratio. The Commercial Banking segment offers lending, leasing, and other financial and advisory services primarily to small and middle-market companies; factoring and secured financing services, as well as receivables management products to the retail supply chain; and equipment leasing and secured financing to the rail industry.

For more CIT Group Inc. (NYSE:CIT) news released briefly go to: Globenewswire.com, 247Wallst.com, Themiddlemarket.com, Prnewswire.com or Pehub.com. The titles are as follows: “Recent Analysis Shows CIT Group, Zoetis, Deere, Hecla Mining, iRobot, and First BanCorp Market Influences …” released on June 26, 2018, “Top Analyst Upgrades and Downgrades: Accenture, Ally, Diageo, Harley-Davidson, KB Home, NetApp, Nike, Sirius XM …” on June 29, 2018, “M&A daily wrap: Conagra, Pinnacle Foods, Birds Eye, CIT, Staples, Disney, Star Wars” with a publish date: June 27, 2018, “OneWest Bank Sponsors 40th Annual Manhattan Beach Concerts in the Park Series” and the last “CIT provides $26.6 mln to joint venture to buy medical buildings” with publication date: June 20, 2018.

CIT Group Inc. (NYSE:CIT) Institutional Investors Chart

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