Analyst Activity – BMO Capital Markets Raises Its Price Target On CIT Group Inc (DEL) (NYSE:CIT) to $48.60

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Analyst Ratings For CIT Group Inc (DEL) (NYSE:CIT)

Today, BMO Capital Markets raised its price target on CIT Group Inc (DEL) (NYSE:CIT) to $48.60 per share.

There are 1 sell rating, 6 hold ratings, 6 buy ratings on the stock.

The current consensus rating on CIT Group Inc (DEL) (NYSE:CIT) is Hold (Score: 2.38) with a consensus target price of $45.46 per share, a potential 5.53% downside.

Some recent analyst ratings include

  • 7/25/2017-BTIG Research Reiterated Rating of Buy.
  • 7/17/2017-Stephens Upgrade from a “Equal Weight ” rating to a ” Overweight” rating.
  • 7/11/2017-CIBC Reiterated Rating of Outperform.
  • 7/11/2017-Oppenheimer Holdings, Inc. Reiterated Rating of Outperform.
  • 7/2/2017-Credit Suisse Group Reiterated Rating of Hold.

Dividend information for CIT Group Inc (DEL) (NYSE:CIT)

CIT Group Inc (DEL) (NYSE:CIT) pays an annual dividend of Community Ranking: with a yield of 1.25% and an average dividend growth of 81.70% based on a 3 Year Average.

Dividend History for CIT Group Inc (DEL) (NYSE:CIT)

  • On 7/17/2017 CIT Group Inc (DEL) announced a quarterly dividend of $0.15 1.22% with an ex dividend date of 8/9/2017 which will be payable on 8/25/2017.
  • On 6/6/2017 CIT Group Inc (DEL) announced a Quarterly dividend of $0.18 with an ex dividend date of 6/14/2017 which will be payable on 6/30/2017.
  • On 4/18/2017 CIT Group Inc (DEL) announced a quarterly dividend of $0.15 1.4% with an ex dividend date of 5/10/2017 which will be payable on 5/26/2017.
  • On 1/18/2017 CIT Group Inc (DEL) announced a quarterly dividend of $0.15 1.43% with an ex dividend date of 2/8/2017 which will be payable on 2/24/2017.
  • On 10/18/2016 CIT Group Inc (DEL) announced a quarterly dividend of $0.15 1.65% with an ex dividend date of 11/8/2016 which will be payable on 11/25/2016.
  • On 7/19/2016 CIT Group Inc (DEL) announced a quarterly dividend of $0.15 1.72% with an ex dividend date of 8/10/2016 which will be payable on 8/26/2016.
  • On 4/19/2016 CIT Group Inc (DEL) announced a quarterly dividend of $0.15 1.76% with an ex dividend date of 5/11/2016 which will be payable on 5/27/2016.

Recent Insider Trading Activity For CIT Group Inc (DEL) (NYSE:CIT)
CIT Group Inc (DEL) (NYSE:CIT) has insider ownership of 0.47% and institutional ownership of 99.99%.

  • On 6/9/2017 Michael L Brosnan, Director, bought 24 with an average share price of $45.68 per share and the total transaction amounting to $1,096.32. View SEC Filing
  • On 6/5/2017 James L Hudak, Insider, sold 2,250 with an average share price of $44.50 per share and the total transaction amounting to $100,125.00. View SEC Filing
  • On 5/30/2017 Robert Rowe, EVP, sold 9,244 with an average share price of $45.58 per share and the total transaction amounting to $421,341.52. View SEC Filing
  • On 5/26/2017 Edward K Sperling, EVP, sold 4,480 with an average share price of $45.76 per share and the total transaction amounting to $205,004.80. View SEC Filing
  • On 2/27/2017 R. Brad Oates, Director, sold 7,030 with an average share price of $42.78 per share and the total transaction amounting to $300,743.40. View SEC Filing
  • On 2/6/2017 Matthew Galligan, Insider, sold 5,097 with an average share price of $42.14 per share and the total transaction amounting to $214,787.58. View SEC Filing
  • On 2/11/2016 Steven T. Mnuchin, Vice Chairman, bought 80,000 with an average share price of $25.64 per share and the total transaction amounting to $2,051,200.00. View SEC Filing

Recent Trading Activity for CIT Group Inc (DEL) (NYSE:CIT)
Shares of CIT Group Inc (DEL) closed the previous trading session at 48.12 down -0.48 -0.99% with 2,197,140 shares trading hands.