As of Jan 14, 2019 Cit Group Inc (del (NYSE:CIT) Shorts Declined By 9.59%

CIT Group Inc. (NYSE:CIT) Corporate Logo

Big Money Sentiment decreased to 0.67 in 2018 Q3. It has change of 0.24, from 2018Q2’s 0.91. The ratio turned negative due to CIT Group Inc. positioning: 30 sold and 119 reduced. 42 funds amassed holdings and 58 increased holdings. Investors holded 115.41 million in 2018Q2 but now own 109.91 million shares or 4.76% less.
Assetmark invested 0% of its capital in CIT Group Inc. (NYSE:CIT). Bridgeway Capital Inc accumulated 1.07M shs. State Street owns 0.02% invested in CIT Group Inc. (NYSE:CIT) for 5.33M shs. Dnb Asset Mgmt As has 0% invested in CIT Group Inc. (NYSE:CIT). Eaton Vance Mgmt, a Massachusetts-based fund reported 66,203 shs. Royal Commercial Bank Of Canada holds 0.02% of its capital in CIT Group Inc. (NYSE:CIT) for 776,284 shs. Stratos Wealth Prtn Limited holds 600 shs or 0% of its capital. Brown Advisory has 65,192 shs. Moreover, Janney Montgomery Scott Ltd Limited Liability Company has 0% invested in CIT Group Inc. (NYSE:CIT). Mitsubishi Ufj Trust & Banking stated it has 0.02% in CIT Group Inc. (NYSE:CIT). Highland Cap Management Lp stated it has 0.99% in CIT Group Inc. (NYSE:CIT). Lord Abbett Ltd Liability Company reported 0.08% stake. Paloma Partners Mngmt Communication reported 72,448 shs. Credit Suisse Ag reported 0.01% stake. Meag Munich Ergo Kapitalanlagegesellschaft Mbh owns 6,418 shs for 0.02% of their capital.

Cit Group Inc (del (NYSE:CIT) had a decrease of its shares shorted by 9.59%. It was announced in January by FINRA the 5.22M shares shorted on CIT. That’s 9.59% down from 5.77M shares. Previous CIT’s position will need 4 days to restore. It has 1.36 million average volume. 4.64% is Cit Group Inc (del float short.

CIT is touching $42.07 during the last trading session, after increased 0.17%.Currently CIT Group Inc. is downtrending after 12.03% change in last January 14, 2018. CIT has 33,693 shares volume. The stock underperformed the S&P500 by 12.03%.

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 company has $4.49 billion market cap. The firm operates through Commercial Banking, Consumer Banking, Non-Strategic Portfolios , and Corporate and Other divisions.21.28 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.

CIT Group Inc. (NYSE:CIT) Ratings Coverage

A total of 4 analysts rate CIT Group (NYSE:CIT) as follows: 1 “Buy”, 3 “Hold” and 0 “Sell”. Š¢herefore 25% are bullish. The firm has $58 highest and $44 lowest target. The avg target $49.50 is 17.66% above the last ($42.07) price. (NYSE:CIT) has 7 ratings reports on Jan 14, 2019 according to StockzIntelligence. In Tuesday, July 31 report Morgan Stanley maintained it with “Equal-Weight” rating and $58 target. On Thursday, October 25 the stock has “Market Perform” rating by BMO Capital Markets. On Tuesday, December 11 the stock of CIT Group Inc. (NYSE:CIT) has “Equal-Weight” rating given by Morgan Stanley. On Wednesday, January 9 the company was upgraded by UBS. The stock rating was maintained by BMO Capital Markets with “Market Perform” on Wednesday, July 25. On Tuesday, September 18 the firm has “Equal-Weight” rating given by Morgan Stanley. On Monday, August 27 the firm earned “Equal-Weight” rating by Stephens.

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

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