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44.65 (1y: +27%)
Market Cap 8.97 B P/E(ttm) 531.50
Enterprise Value 30.55 B P/B 1.10
CIT- NYSE (USA)
CIT Group Inc
  • Currently 1/5
Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$44.65
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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry		 vs
history
Cash to Debt 0.311
CIT's Cash to Debt is ranked lower than
79% of the 707 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.34 vs. CIT: 0.311 )
CIT' s 10-Year Cash to Debt Range
Min: 0.06   Max: 0.32
Current: 0.31
0.06
0.32
Equity to Asset 0.181
CIT's Equity to Asset is ranked higher than
82% of the 882 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.09 vs. CIT: 0.181 )
CIT' s 10-Year Equity to Asset Range
Min: 0.06   Max: 0.19
Current: 0.18
0.06
0.19
F-Score: 6
Z-Score: 0.16
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry		 vs
history
Operating margin (%) -41.00
CIT's Operating margin (%) is ranked lower than
139082% of the 719 Companies
in the Global Specialty Finance industry.

( Industry Median: 28.90 vs. CIT: -41.00 )
CIT' s 10-Year Operating margin (%) Range
Min: -309.6   Max: 37.9
Current: -41
-309.6
37.9
Net-margin (%) -53.4
CIT's Net-margin (%) is ranked lower than
126103% of the 793 Companies
in the Global Specialty Finance industry.

( Industry Median: 19.60 vs. CIT: -53.4 )
CIT' s 10-Year Net-margin (%) Range
Min: -174.6   Max: 25.8
Current: -53.4
-174.6
25.8
ROE (%) -7.1
CIT's ROE (%) is ranked lower than
129032% of the 775 Companies
in the Global Specialty Finance industry.

( Industry Median: 7.20 vs. CIT: -7.1 )
CIT' s 10-Year ROE (%) Range
Min: -140.8   Max: 13.6
Current: -7.1
-140.8
13.6
ROA (%) -1.3
CIT's ROA (%) is ranked lower than
130208% of the 768 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.80 vs. CIT: -1.3 )
CIT' s 10-Year ROA (%) Range
Min: -15.7   Max: 1.5
Current: -1.3
-15.7
1.5
ROC (Joel Greenblatt) (%) -8.10
CIT's ROC (Joel Greenblatt) (%) is ranked lower than
290697% of the 344 Companies
in the Global Specialty Finance industry.

( Industry Median: 84.50 vs. CIT: -8.10 )
CIT' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -378.5   Max: 12.6
Current: -8.1
-378.5
12.6
Revenue Growth (%) 13.6
CIT's Revenue Growth (%) is ranked higher than
85% of the 344 Companies
in the Global Specialty Finance industry.

( Industry Median: 5.40 vs. CIT: 13.6 )
CIT' s 10-Year Revenue Growth (%) Range
Min: -36.2   Max: 13.6
Current: 13.6
-36.2
13.6
» CIT's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

CIT Guru Trades in Q2 2012

HOTCHKIS & WILEY 270,500 sh (New)
Pioneer Investments 1,728,030 sh (+23.67%)
John Keeley 280,580 sh (+17.88%)
Jeremy Grantham 70,600 sh (+11.53%)
First Pacific Advisors 3,007,300 sh (+4.29%)
Steven Romick 2,705,000 sh (+3.84%)
Edward Lampert 661,495 sh (unchged)
Michael Price 287,500 sh (unchged)
Jim Simons Sold Out
Manning & Napier Advisors, Inc 209,550 sh (-4.04%)
Howard Marks 8,158,249 sh (-6.58%)
Bruce Berkowitz 14,055,629 sh (-24.12%)
Bruce Kovner 307,650 sh (-50%)
Steven Cohen 16,696 sh (-66.11%)
Fairholme Fund 13,597,029 sh (-16.88%)
» More
Q3 2012

CIT Guru Trades in Q3 2012

Larry Robbins 508,500 sh (New)
Eric Mindich 148,000 sh (New)
Jim Simons 21,800 sh (New)
Andreas Halvorsen 778,691 sh (New)
Steven Cohen 38,684 sh (+131.7%)
John Keeley 290,450 sh (+3.52%)
Manning & Napier Advisors, Inc 209,550 sh (unchged)
Whitney Tilson 10,000 sh (unchged)
Michael Price 287,500 sh (unchged)
Steven Romick 2,705,000 sh (unchged)
Edward Lampert Sold Out
Bruce Kovner Sold Out
First Pacific Advisors 3,002,200 sh (-0.17%)
HOTCHKIS & WILEY 264,000 sh (-2.4%)
Pioneer Investments 1,522,380 sh (-11.9%)
Howard Marks 6,786,501 sh (-16.81%)
Bruce Berkowitz 11,153,729 sh (-20.65%)
Jeremy Grantham 52,500 sh (-25.64%)
Fairholme Fund 9,817,629 sh (-27.8%)
» More
Q4 2012

CIT Guru Trades in Q4 2012

Tom Russo 4,053 sh (New)
Jim Simons 69,900 sh (+220.64%)
Larry Robbins 1,330,114 sh (+161.58%)
Michael Price 357,500 sh (+24.35%)
First Pacific Advisors 3,048,200 sh (+1.53%)
Steven Romick 2,745,600 sh (+1.5%)
John Keeley 291,870 sh (+0.49%)
Manning & Napier Advisors, Inc 209,550 sh (unchged)
Andreas Halvorsen Sold Out
Eric Mindich Sold Out
HOTCHKIS & WILEY 263,200 sh (-0.3%)
Pioneer Investments 1,099,725 sh (-27.76%)
Howard Marks 3,780,553 sh (-44.29%)
Bruce Berkowitz 3,223,229 sh (-71.1%)
Steven Cohen 9,061 sh (-76.58%)
Fairholme Fund 6,068,829 sh (-38.18%)
» More
Q1 2013

CIT Guru Trades in Q1 2013

Louis Moore Bacon 125,000 sh (New)
Jim Simons 768,800 sh (+999.86%)
Steven Cohen 42,651 sh (+370.71%)
Larry Robbins 1,705,114 sh (+28.19%)
Manning & Napier Advisors, Inc 218,450 sh (+4.25%)
Steven Romick 2,745,600 sh (unchged)
Michael Price 357,500 sh (unchged)
Tom Russo 4,053 sh (unchged)
HOTCHKIS & WILEY Sold Out
Bruce Berkowitz Sold Out
Fairholme Fund Sold Out
First Pacific Advisors 3,038,500 sh (-0.32%)
John Keeley 287,530 sh (-1.49%)
Pioneer Investments 794,925 sh (-27.72%)
Howard Marks 405,979 sh (-89.26%)
» More
» Details

Insider Trades

Latest Guru Trades with CIT

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Bruce Berkowitz 2013-03-31 Sold Out 1.8%$38.64 - $44.72 $ 44.656%0
Bruce Berkowitz 2012-12-31 Reduce -71.1%4.48%$36.12 - $40.81 $ 44.6517%3223229
Michael Price 2012-12-31 Add 24.35%0.39%$36.12 - $40.81 $ 44.6517%357500
Bruce Berkowitz 2012-09-30 Reduce -20.65%1.51%$34.3 - $41.37 $ 44.6519%11153729
Edward Lampert 2012-09-30 Sold Out 0.41%$34.3 - $41.37 $ 44.6519%0
Bruce Berkowitz 2012-06-30 Reduce -24.12%2.36%$32.79 - $41.4 $ 44.6522%14055629
Edward Lampert 2012-03-31 Reduce -87.12%2.7%$34.84 - $43.19 $ 44.6571%661495
Michael Price 2011-12-31 Add 9.52%0.14%$29.12 - $36.6 $ 44.6533%287500
Daniel Loeb 2011-09-30 Sold Out 4.9212%$30.55 - $44.17 $ 44.6524%0
Michael Price 2011-09-30 Add 45.83%0.45%$30.55 - $44.17 $ 44.6524%262500
Edward Lampert 2011-09-30 Add 7.52%0.13%$30.55 - $44.17 $ 44.6524%5773465
Daniel Loeb 2011-06-30 Add 93.55%2.38%$39.6 - $44.33 $ 44.655%3000000
Michael Price 2011-06-30 Add 429.41%0.94%$39.6 - $44.33 $ 44.655%180000
Edward Lampert 2011-06-30 Add 29.51%0.53%$39.6 - $44.33 $ 44.655%5369785
John Paulson 2011-06-30 Sold Out 0.16%$39.6 - $44.33 $ 44.655%0
George Soros 2011-06-30 Sold Out $39.6 - $44.33 $ 44.655%0
John Griffin 2011-03-31 Sold Out 2.76%$41.82 - $49.01 $ 44.65-1%0
John Paulson 2011-03-31 Reduce -60.98%0.25%$41.82 - $49.01 $ 44.65-1%1303627
Edward Lampert 2011-03-31 Add 16.38%0.23%$41.82 - $49.01 $ 44.65-1%4146238
Michael Price 2011-03-31 New Buy0.21%$41.82 - $49.01 $ 44.65-1%34000
George Soros 2011-03-31 Reduce -68.42%0.02%$41.82 - $49.01 $ 44.65-1%15600
Bruce Berkowitz 2010-12-31 Add 29.49%1.36%$39.46 - $47.05 $ 44.656%19996529
George Soros 2010-12-31 Reduce -43.15%0.02%$39.46 - $47.05 $ 44.656%49400
Daniel Loeb 2010-09-30 Reduce -36.64%3.83%$34.4 - $40.77 $ 44.6518%1550000
Bruce Berkowitz 2010-09-30 Add 26.17%1.16%$34.4 - $40.77 $ 44.6518%15442529
Michael Price 2010-09-30 Sold Out 0.38%$34.4 - $40.77 $ 44.6518%0
George Soros 2010-09-30 Reduce -55.3%0.06%$34.4 - $40.77 $ 44.6518%86900
Martin Whitman 2010-07-31 Sold Out 0.19%$33.26 - $41.75 $ 44.6521%0
Richard Perry 2010-06-30 Sold Out 0.57%$33.81 - $41.75 $ 44.6518%0
John Griffin 2010-06-30 Reduce -22.32%0.51%$33.81 - $41.75 $ 44.6518%3845610
Daniel Loeb 2010-06-30 Add 4.11%0.36%$33.81 - $41.75 $ 44.6518%2446500
Edward Lampert 2010-06-30 Reduce -21.32%0.34%$33.81 - $41.75 $ 44.6518%3562709
Michael Price 2010-06-30 Add 71.15%0.16%$33.81 - $41.75 $ 44.6518%52197
John Paulson 2010-06-30 Reduce -23.91%0.12%$33.81 - $41.75 $ 44.6518%3341134
George Soros 2010-06-30 Reduce -34.52%0.07%$33.81 - $41.75 $ 44.6518%194400
Carl Icahn 2010-03-31 Sold Out 9.33%$27.61 - $39.23 $ 44.6532%0
Seth Klarman 2010-03-31 Sold Out 5.26%$27.61 - $39.23 $ 44.6532%0
John Griffin 2010-03-31 New Buy3.16%$27.61 - $39.23 $ 44.6532%4950610
Daniel Loeb 2010-03-31 Add 34.29%1.66%$27.61 - $39.23 $ 44.6532%2350000
Richard Perry 2010-03-31 Reduce -57.2%0.33%$27.61 - $39.23 $ 44.6532%494198
George Soros 2010-03-31 New Buy0.17%$27.61 - $39.23 $ 44.6532%296900
John Keeley 2010-03-31 New Buy0.12%$27.61 - $39.23 $ 44.6532%196320
Premium More recent guru trades are included for Premium Members only!!

Guru Investment Theses on CIT Group Inc

John Keeley Comments on CIT Corporation (CIT) - Jun 01, 2012

From Keeley Funds' first-quarter commentary:

Although idea generation here has been limited, we expect acceleration in this area in the future, and as mentioned previously, over the last few years we have identified a few attractive ideas, such as CIT Corporation (CIT) and Chemtura. We believe both companies have strong long-term outlooks. After CIT emerged from bankruptcy, it transitioned from a specialty finance company funded in the capital markets to a bank funded with deposits. While we anticipate that the asset side of the company will always be a bit different than most banks, we believe the liability side of the balance sheet should be more stable and fund the company at a lower cost. Assuming this transition is successful, we believe CIT should garner a much higher valuation and potentially higher than the 1.3-1.6x book value it traded at in the past. The stock has been a successful holding in our Mid Cap Value Fund, and we continue to believe the company has substantial upside from current levels.
Check out John Keeley latest stock trades

Top Ranked Articles about CIT Group Inc

Bruce Berkowitz Pulls Plug on CIT - Sold Out 16 Million Shares
April 30, 2013
Bruce Berkowitz - Bruce Berkowitz Pulls Plug On CIT - Sold Out 16 Million Shares
“Bullish on America” investor phenom Bruce Berkowitz once said, "I don’t invest in things I can’t understand.” Read more...
Bruce Berkowitz Reduces CIT and AIG, Sticks With Other Holdings in Q3
October 29, 2012
Bruce Berkowitz - Bruce Berkowitz Reduces CIT And AIG, Sticks With Other Holdings In Q3
Closely watched mutual fund investor Bruce Berkowitz has revealed that he made few changes to his Fairholme Fund in the third quarter. His biggest move was a 27.8% reduction to his CIT Group (CIT) holding, followed by a marginal reduction of top holding American International Group (AIG). The portfolio remains, as it has since late 2009 and early 2010, all financials battered in the financial crisis, with the exception of Sears Holdings Corp. (SHLD), a retail stock. Read more...
John Keeley Comments on CIT Corporation (CIT)
June 1, 2012
From Keeley Funds' first-quarter commentary: Read more...
Eddie Lampert Slashes Stakes in Four Stocks
May 25, 2012
Edward Lampert - Eddie Lampert Slashes Stakes In Four Stocks
Eddie Lampert, founder of ESL Investments which has $19.5 billion in assets under management, made big cuts to holdings of CIT Group (CIT), Seagate Tech (STX), Big Lots Inc. (BIG) and Istar Financial Inc. (SFI) in the first quarter. Previously, the holdings where his sixth, seventh, eighth and tenth largest, respectively, in his portfolio which now contains eleven stocks. He bought no new stocks in the first quarter. Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 531.50
CIT's P/E(ttm) is ranked lower than
100% of the 792 Companies
in the Global Specialty Finance industry.

( Industry Median: 13.70 vs. CIT: 531.50 )
CIT' s 10-Year P/E(ttm) Range
Min: 3.9   Max: 531.7
Current: 531.5
3.9
531.7
P/B 1.10
CIT's P/B is ranked lower than
66% of the 877 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.94 vs. CIT: 1.10 )
CIT' s 10-Year P/B Range
Min: 0.68   Max: 1.85
Current: 1.1
0.68
1.85
P/S 5.46
CIT's P/S is ranked lower than
90% of the 896 Companies
in the Global Specialty Finance industry.

( Industry Median: 2.48 vs. CIT: 5.46 )
CIT' s 10-Year P/S Range
Min: 2.36   Max: 10.91
Current: 5.46
2.36
10.91
EV-to-EBIT 250
CIT's EV-to-EBIT is ranked lower than
97% of the 745 Companies
in the Global Specialty Finance industry.

( Industry Median: 15.89 vs. CIT: 250 )
CIT' s 10-Year EV-to-EBIT Range
Min: 45.2   Max: 310.7
Current: 250
45.2
310.7
Shiller P/E 313.9
CIT's Shiller P/E is ranked lower than
100% of the Companies
in the Global Specialty Finance industry.

( Industry Median: vs. CIT: 313.9 )
CIT' s 10-Year Shiller P/E Range
Min: 53.92   Max: 438
Current: 313.9
53.92
438

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 26.1
CIT's Price/Net Current Asset Value is ranked lower than
69% of the 163 Companies
in the Global Specialty Finance industry.

( Industry Median: 10.60 vs. CIT: 26.1 )
CIT' s 10-Year Price/Net Current Asset Value Range
Min: 17.3   Max: 38.3
Current: 26.1
17.3
38.3
Price/Tangible Book 1.1
CIT's Price/Tangible Book is ranked higher than
52% of the 798 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.10 vs. CIT: 1.1 )
CIT' s 10-Year Price/Tangible Book Range
Min: 0.8   Max: 1.4
Current: 1.1
0.8
1.4
Price/DCF (Projected) 2.4
CIT's Price/DCF (Projected) is ranked lower than
98% of the 503 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.60 vs. CIT: 2.4 )
CIT' s 10-Year Price/DCF (Projected) Range
Min: 0.6   Max: 1.7
Current: 2.4
0.6
1.7
Price/Median PS Value 1.3
CIT's Price/Median PS Value is ranked lower than
78% of the 854 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.00 vs. CIT: 1.3 )
CIT' s 10-Year Price/Median PS Value Range
Min: 0.7   Max: 2
Current: 1.3
0.7
2
Earnings Yield (Greenblatt) 0.40
CIT's Earnings Yield (Greenblatt) is ranked lower than
98% of the 745 Companies
in the Global Specialty Finance industry.

( Industry Median: 6.50 vs. CIT: 0.40 )
CIT' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.3   Max: 2.2
Current: 0.4
0.3
2.2
Forward Rate of Return (Yacktman) -2.19
CIT's Forward Rate of Return (Yacktman) is ranked lower than
205339% of the 487 Companies
in the Global Specialty Finance industry.

( Industry Median: 15.14 vs. CIT: -2.19 )
CIT' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -2.8   Max: 12.8
Current: -2.19
-2.8
12.8

Business Description

CIT Group Inc was founded in 1908. It was incorporated in the state of Delware. The company provides primarily commercial financing and leasing products and other services to small and middle market businesses across a wide variety of industries. It operates in North America, with locations in Europe, Latin America and the Asia-Pacific region. It provides financing and leasing capital to its clients and customers in over 30 industries and around 20 countries. Its businesses focus is primarily on commercial clients with a particular emphasis on small business and middle-market companies. The company serves clients in a variety of industries including transportation, particularly aerospace and rail, manufacturing, retailing, healthcare, communications, media and entertainment, energy, and various service-related industries. The company has five business segments: Corporate Finance: Corporate Finance provides a full spectrum of financing alternatives to borrowers, small business and middle market businesses and corporate finance consists of units that focus on specific industry sectors, such as commercial and industrial, communications, media and entertainment (CM&E), healthcare, small business lending, and energy.; Transportation Finance: Transportation Finance specializes in providing customized leasing and secured financing primarily to end-users of aircraft and railcars; Trade Finance: Trade Finance provides factoring, receivable and collection management products, and secured financing to clients, primarily manufacturers, importers and distributors of apparel, textile, furniture, home furnishings and consumer electronics. Although primarily U.S.-based, it also conducts business in Asia, Latin America and Europe. It offers a full range of domestic and international customized credit protection, lending and outsourcing services that include working capital and term loans, factoring, receivable management outsourcing, bulk purchases of accounts receivable, import and export financing and letter of credit programs; Vendor Finance: Vendor Finance partners with manufacturers and distributors to deliver financial solutions globally to end-user customers to facilitate the acquisition of vendor partners' products. The company focus primarily on information technology, telecommunications and office equipment markets, but it also serve other diversified industries; Consumer Finance: Consumer segment includes student loan portfolio, currently in run-off, and receivables from other consumer lending activities that were originated by CIT Bank. These receivables are collected in accordance with their contractual terms. Its competitors include captive finance companies, global and domestic commercial and investment banks, community banks and leasing companies. Many of larger competitors compete globally. In most of business segments, have a few large competitors with significant penetration and many smaller niche ones. CIT Group Inc.'s princip
Company Website
SEC Reports
Industry: Specialty Finance
Compare:
Traded in other countries:QIT1.Germany
» More Articles for CIT

Headlines

Articles On GuruFocus.com
Howard Marks Gains 133% on Eagle Sell, Four Reduced in First Quarter May 22 2013 
Bruce Berkowitz Pulls Plug on CIT - Sold Out 16 Million Shares Apr 30 2013 
Fairholme’s Bruce Berkowitz Announces New Holding Sears Canada and Increase to Leucadia Feb 01 2013 
Martin Whitman Fourth Quarter Portfolio Manager Commentary Dec 20 2012 
Hedge Fund Billionaire Eddie Lampert Buys Netflix, Big Lots, Sells Gap, Autozone, Capital One Financ Nov 14 2012 
Bruce Berkowitz Announces Q3 Reduction to CIT and AIG, Sticks With Other Holdings Oct 29 2012 
Weekly Top Insider Buys: GE, BLK, APD, DG, CIT Oct 29 2012 
Fairholme Fund Buys Orchard Supply, Sells Berkshire Hathaway Inc., Cit Group Inc. Aug 07 2012 
Challenging Times Behind Bruce Berkowitz? Update Jun 20 2012 
John Keeley Comments on CIT Corporation (CIT) Jun 01 2012 

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