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(CIT) Given Consensus Recommendation of "Hold" by Analysts

17 April 2018

The Owl Creek Asset Management Lp holds 2.51M shares with $123.80 million value, up from 2.44 million last quarter. The institutional investor owned 810,622 shares of the financial services provider's stock after selling 96,835 shares during the quarter. Cit Group Inc now has $6.69 billion valuation. The stock increased 0.58% or $0.39 during the last trading session, reaching $67.95. Prudential Fincl holds 0.3% or 12.64M shares. Airware Labs Corp. (OTCMKTS:AIRW) has 0.00% since April 16, 2017 and is. It has underperformed by 65.90% the S&P500.

It was showed a decrease on Cit Group Inc (del) (NYSE:CIT)'s shares shorted with 15.95%. Quantitative Systematic Strategies LLC purchased a new stake in shares of CIT Group during the 4th quarter valued at about $240,000. That's 15.95% down from 5.34M shares. TheStreet upgraded shares of CIT Group from a "c+" rating to a "b-" rating in a research report on Tuesday, March 20th.

Paul J. Isaac decreased its stake in Cit Group Inc (CIT) by 58.64% based on its latest 2017Q4 regulatory filing with the SEC. The stock decreased 1.69% or $0.89 during the last trading session, reaching $51.78. About 15.93 million shares traded. Signaturefd Llc bought 6,802 shares as the company's stock rose 9.61% while stock markets declined. The stock outperformed the S&P 500 by 13.47%.

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 has a market cap of $6,734.66, a price-to-earnings ratio of 14.93 and a beta of 1.31. The firm operates through Commercial Banking, Consumer Banking, Non-Strategic Portfolios, and Corporate and Other divisions.The P/E ratio is 18.48. 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.

CIT had 1 sale and 0 insider buys since March 1, 2018.

Zacks Investment Research lowered shares of CIT Group from a "hold" rating to a "sell" rating in a report on Tuesday, November 22nd. Therefore 40% are positive. Verisk Analytics had 49 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was initiated by Suntrust Robinson with "Neutral" on Thursday, January 14. The firm earned "Hold" rating on Sunday, February 4 by Keefe Bruyette & Woods. The stock of Schlumberger Limited (NYSE:SLB) has "Buy" rating given on Friday, October 20 by Wells Fargo. Finally, Morgan Stanley upped their price objective on CIT Group from $54.00 to $57.00 and gave the company an "equal weight" rating in a research note on Monday, February 5th. On Tuesday, December 12 the rating was maintained by Keefe Bruyette & Woods with "Hold". On Tuesday, December 12 the stock rating was maintained by Keefe Bruyette & Woods with "Hold".

Investors sentiment decreased to 0.66 in Q4 2017. It has change of 0.11, from 2017Q3's 1.01. The ratio worsened due to CIT positioning: 31 sold and 97 reduced. 68 funds opened positions while 131 raised stakes. Funds hold 129.34 million shares thus 3.85% less from 2017Q3's 134.52 million shares. Virginia Retirement Sys Et Al invested in 0.08% or 135,400 shares. The California-based Schwab Charles Inv Management has invested 0.04% in CIT Group Inc. (NYSE:CIT) have been assigned an average recommendation of "Hold" from the eighteen research firms that are presently covering the company, reports. Schroder Investment Mngmt Grp Incorporated has invested 0.01% of its portfolio in CIT Group Inc. (NYSE:CIT) to report earnings on April, 24. New Mountain Vantage Advisers Limited Liability Com owns 655,963 shares. Highland Lp accumulated 554,028 shares or 1.25% of the stock. American Intl holds 8,565 shares. TIAA CREF Investment Management LLC owned approximately 0.62% of CIT Group worth $39,907,000 as of its most recent SEC filing. Fire Group has 6,278 shares for 0.1% of their portfolio. (NYSE:CIT). Fjarde Ap has invested 0.04% in CIT Group Inc. Oz LP holds 0.01% of its portfolio in CIT Group Inc. "Buy" rating has 4, "Sell" are 0, while 7 are "Hold". Therefore 29% are positive. Kroger had 110 analyst reports since August 25, 2015 according to SRatingsIntel. (NYSE:CIT) has "Underperform" rating given on Wednesday, July 26 by BMO Capital Markets. Credit Suisse has "Neutral" rating and $92 target. Vetr upgraded the shares of GE in report on Wednesday, August 26 to "Buy" rating. (NYSE:CIT) rating on Tuesday, October 17. On Monday, February 5 Morgan Stanley maintained CIT Group Inc. (NYSE:CIT) rating on Monday, November 9. (NYSE:CIT) on Wednesday, February 3 to "Neutral" rating. As per Monday, July 24, the company rating was maintained by Jefferies.

Investors sentiment decreased to 0.9 in Q4 2017. Its up 0.02, from 0.88 in 2017Q3. It dived, as 153 investors sold GE shares while 921 reduced holdings. IORDANOU CONSTANTINE sold 6,878 shares worth $718,407. Park Circle Co stated it has 0.01% of its portfolio in General Electric Company (NYSE:GE). Baystate Wealth Limited Liability Corporation has 6,855 shares. Foundation Asset Limited Partnership holds 4.33% of its portfolio in Verisk Analytics, Inc. Cetera Advsrs Ltd Liability Corp has 0.7% invested in AT&T Inc. Dimensional Fund Advisors Ltd Partnership holds 0.97% of its portfolio in Intel Corporation (NASDAQ:INTC) for 50.61M shares. New York State Common Retirement Fund holds 0.03% or 543,505 shares. Buffington Mohr Mcneal holds 43,080 shares. Jane Street Group Ltd Llc reported 7,855 shares. Voya Mngmt Ltd Llc reported 35,398 shares. Bank & Trust Of Montreal Can stated it has 142,161 shares. Morgan Stanley accumulated 606,582 shares. They expect $0.12 EPS, down 42.86% or $0.09 from last year's $0.21 per share. CIT's profit will be $125.23 million for 13.45 P/E if the $0.97 EPS becomes a reality.