CIT Group Inc. (CIT) Receives Average Recommendation of "Hold" from Brokerages

Signaturefd Llc who had been investing in Intel Corp for a number of months, seems to be bullish on the $242.62 billion market cap company. The stock increased 1.69% or $0.595 during the last trading session, reaching $35.735. About 614,420 shares traded.

CIT Group Inc (CIT) is a bank holding company (BHC) and a financial holding company (FHC). It has underperformed by 11.55% the S&P500. The SI to Cit Group Inc (del)'s float is 3.43%. The Owl Creek Asset Management Lp holds 2.51M shares with $123.80 million value, up from 2.44 million last quarter. Qci Asset Management, a New York-based fund reported 60 shares. Kessler Gp Llc has invested 0.13% of its portfolio in General Electric Company (NYSE:GE). The stock 0.04% or $0 during the last trading session, reaching $13.49. About 294,940 shares traded. CIT Group Inc. (NYSE:CIT) has risen 25.02% since April 14, 2017 and is uptrending. The stock outperformed the S&P 500 by 13.47%.

Owl Creek Asset Management Lp, which manages about $6.06 billion and $4.10 billion US Long portfolio, decreased its stake in Altaba Inc (Call) by 9.02M shares to 3.25 million shares, valued at $227.01 million in 2017Q4, according to the filing. It also reduced its holding in Yahoo Inc (Prn) by 1.00 million shares in the quarter, leaving it with 2.10M shares, and cut its stake in Lamb Weston Hldgs Inc. The rating was maintained by Oppenheimer with "Buy" on Tuesday, June 6. Therefore 43% are positive. Verisk Analytics had 49 analyst reports since July 21, 2015 according to SRatingsIntel. Cowen & Co maintained AT&T Inc. (NYSE:CIT) on Tuesday, May 3 with "Neutral" rating. The firm has "Buy" rating given on Friday, September 15 by RBC Capital Markets. The stock of Verisk Analytics, Inc. The stock has "Buy" rating by Oppenheimer on Monday, March 26. On Monday, February 5 the rating was maintained by Credit Suisse with "Neutral". The firm has "Buy" rating given on Tuesday, September 5 by BMO Capital Markets. The rating was initiated by Suntrust Robinson with "Neutral" on Thursday, January 14. Macquarie Research upgraded the shares of VRSK in report on Friday, May 5 to "Outperform" rating. The rating was maintained by Morgan Stanley with "Equal-Weight" on Monday, October 2.

Investors sentiment increased to 1.08 in 2017 Q4. Its down 0.11, from 1.01 in 2017Q3. It dived, as 153 investors sold GE shares while 921 reduced holdings. Dupont Capital Mgmt has 396,341 shares for 0.35% of their portfolio. 10,935 were reported by Dnb Asset Mngmt As. Keefe, Bruyette & Woods reiterated a "hold" rating and issued a $53.00 price target on shares of CIT Group in a research note on Friday, December 29th. (NYSE:T) for 48,570 shares. Boston Advsrs Ltd Liability Corp has invested 0.08% in The Kroger Co. (NYSE:T) for 296,533 shares. 85,894 are held by Meridian Counsel. Guggenheim Capital Lc, a Illinois-based fund reported 73,002 shares. (NYSE:CIT). Hsbc Public Limited holds 0.01% in CIT Group Inc. Mackenzie stated it has 806,970 shares or 0.19% of all its holdings. Woodstock Corp sold 5,783 shares as Schlumberger Ltd (SLB)'s stock declined 4.39%. Fin Consulate has 23,043 shares. Wesbanco Bank holds 1.49% or 1.26M shares. The company has a market cap of $6,887.66, a price-to-earnings ratio of 16.87 and a beta of 1.30. The positive are 36%. CIT Group has a one year low of $42.50 and a one year high of $56.14.

In other CIT Group news, Director R. Brad Oates sold 7,030 shares of the company's stock in a transaction dated Monday, February 27th. "(CIT) Receives Average Recommendation of "Hold" from Brokerages" was originally published by Week Herald and is the property of of Week Herald. Assenagon Asset Management S.A. bought a new stake in CIT Group in the 4th quarter valued at approximately $18,735,000. (NYSE:CIT) rating on Tuesday, October 17. On Thursday, December 21 the firm earned "Hold" rating by Keefe Bruyette & Woods. (NYSE:CIT) has "Underperform" rating given on Wednesday, July 26 by BMO Capital Markets. As per Monday, July 24, the company rating was maintained by Oppenheimer. (NYSE:CIT) has "Neutral" rating given on Monday, March 28 by Sterne Agee CRT. Wells Fargo maintained the shares of CIT in report on Wednesday, January 31 with "Market Perform" rating. The firm has "Hold" rating given on Wednesday, November 1 by BMO Capital Markets. Keefe Bruyette & Woods maintained CIT Group Inc. (NYSE:CIT). Quantitative Management Limited Co, Virginia-based fund reported 20,000 shs. CIT's profit would be $125.23 million giving it 13.35 P/E if the $0.97 EPS is correct.

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CIT Group (NYSE:CIT) last released its earnings results on Tuesday, January 31st.

Since March 1, 2018, it had 0 insider buys, and 1 sale for $107,268 activity.

Investors sentiment increased to 0.9 in 2017 Q4. Its down 0.01, from 1.03 in 2017Q3. It is negative, as 31 investors sold CIT shares while 97 reduced holdings. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.19. Quinn Opportunity Prns Limited Com reported 0.22% of its portfolio in CIT Group Inc.

A number of analysts have commented on CIT shares. Riverhead Ltd owns 9,320 shs or 0.02% of their U.S. capital. (NYSE:CIT). Cadence Cap Mngmt Ltd Co has invested 0.02% of its capital in CIT Group Inc. Dimensional Fund Advsrs Ltd Partnership owns 1.96 million shares for 0.04% of their portfolio. Cit Group Inc now has $6.69 billion valuation. Bryn Mawr reported 750,522 shares. Colony Group Inc Llc invested in 4,501 shares. (NYSE:CIT). Gator Capital Mgmt Limited Liability reported 6,000 shs stake. IFP Advisors Inc now owns 6,177 shares of the financial services provider's stock valued at $197,000 after buying an additional 1,179 shares during the period. After $0.99 actual EPS reported by CIT Group Inc. for the previous quarter, Wall Street now forecasts -2.02% negative EPS growth.


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