Renaissance Technologies LLC Buys New Holdings in CIT Group Inc. (CIT)

The stock of CIT Group Inc. The stock increased 12.45% or $0.5153 during the last trading session, reaching $4.6553. About 510,521 shares traded. CIT Group Inc. (NYSE:CIT) has risen 25.02% since April 17, 2017 and is uptrending. The stock outperformed the S&P500 by 13.47%.

LSV Asset Management increased its stake in shares of CIT Group by 0.4% in the 4th quarter. Estabrook Capital Management bought 2,493 shares as the company's stock declined 8.41% with the market. The Arbiter Partners Capital Management Llc holds 249,400 shares with $12.28 million value, down from 339,400 last quarter. Qualcomm Inc now has $81.08B valuation.

The stock decreased 0.85% or $0.05 during the last trading session, reaching $5.82. About 99,413 shares traded.

Renaissance Technologies LLC purchased a new position in shares of CIT Group Inc. It has outperformed by 10.58% the S&P500. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. Therefore 40% are positive. Sanofi-aventis Sa had 25 analyst reports since October 15, 2015 according to SRatingsIntel. (NYSE:CIT) or 3.51M shares. BTIG Research has "Buy" rating and $77 target. Finally, Zacks Investment Research downgraded CIT Group from a "buy" rating to a "hold" rating in a research report on Tuesday, March 6th. The stock of Barnes Group Inc. The firm has "Hold" rating by Bank of America given on Wednesday, December 6. Citigroup initiated the stock with "Buy" rating in Tuesday, October 17 report. Credit Suisse Group upped their price target on CIT Group from $50.00 to $54.00 and gave the company a "neutral" rating in a research note on Monday, February 5th. The company was maintained on Tuesday, August 4 by Wedbush. As per Thursday, January 21, the company rating was initiated by Deutsche Bank. (NYSE:CIT) rating on Friday, October 7. Oppenheimer maintained it with "Buy" rating and $5400 target in Friday, August 11 report.

Investors sentiment increased to 1.31 in Q4 2017. This represents a $0.64 annualized dividend and a yield of 1.24%. 28 funds opened positions while 44 raised stakes. Investors of record on Friday, May 12th will be issued a $0.15 dividend. New York State Common Retirement Fund holds 543,505 shares or 0.03% of its portfolio. Global X Mgmt Lc reported 23,246 shs or 0.03% of all its holdings. Eagle Boston Investment Mgmt has 202,728 shares for 1.28% of their portfolio. Fca Tx invested in 0.13% or 4,962 shares. Moreover, Principal has 0.02% invested in Barnes Group Inc. 5,922 were accumulated by Parallax Volatility Advisers L P. Pinnacle Associates Limited reported 339,864 shares stake. Jacobs Asset Management Llc owns 885,035 shares or 8.25% of their U.S. portfolio. Dnb Asset Management As owns 10,935 shs. Great Southern Bancorp Inc (NASDAQ:GSBC) was raised too.

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Analysts await CIT Group Inc.

CIT Group (NYSE:CIT) last posted its earnings results on Tuesday, January 31st. During the same period past year, the firm earned $0.59 EPS. If $0.98 is reported, CIT's profit will hit $126.52M for 13.30 P/E. Fairpointe Capital Llc sold 181,928 shares as Unisys Corporation (UIS)'s stock rose 25.90%. MANGUM MYLLE H bought $1,809 worth of Barnes Group Inc. (NYSE:AFG) was sold by BERDING JOHN B on Thursday, March 22. HUDAK JAMES L had sold 2,000 shares worth $107,268. Corp owned approximately 0.07% of CIT Group worth $4,489,000 as of its most recent SEC filing. Its down 0.02, from 0.85 in 2017Q3. It turned negative, as 31 investors sold CIT shares while 97 reduced holdings. 41 funds opened positions while 74 raised stakes. Investors holded 134.52 million in 2017Q3 but now own 129.34 million shares or 3.85% less. Stratos Wealth Prtnrs Ltd has invested 0% in CIT Group Inc. (NYSE:CIT). Bridgeway holds 0.56% of its portfolio in CIT Group Inc. (NYSE:CIT) or 135,400 shares. The financial services provider reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.78 by $0.19. After $0.99 actual EPS reported by CIT Group Inc. for the previous quarter, Wall Street now forecasts -1.01% negative EPS growth. (NYSE:CIT) for 8,105 shares. (NYSE:CIT). Profund Advsrs Llc holds 0.01% or 6,566 shares in its portfolio. Ltd. now owns 28,950 shares of the financial services provider's stock worth $1,051,000 after buying an additional 761 shares during the period. Stratos Wealth Ptnrs Ltd stated it has 370 shares or 0% of all its holdings. "(CIT) Stake Lowered by Macquarie Group Ltd." was originally reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. (NYSE:CIT) for 56,800 shares. CIT Group's dividend payout ratio is presently 20.85%. (NYSE:CIT). James Invest Research stated it has 0.06% of its portfolio in CIT Group Inc.

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 valued at $6.73 billion. American Financial Group Inc 401 Retirement & Savings Plan who had been investing in American Finl Group Inc Ohio for a number of months, seems to be bullish on the $9.97B market cap company. The firm operates through Commercial Banking, Consumer Banking, Non-Strategic Portfolios, and Corporate and Other divisions.18.65 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.

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