NYSE:CIT (USA) Also trade in: Germany

CIT Group Inc

$ 50.6 0.95 (1.91%)
Volume: 440,759 Avg Vol (1m): 714,535
Market Cap $: 4.88 Bil Enterprise Value $: 10.45 Bil
P/E (TTM): 12.04 P/B: 0.92
Earnings Power Value -280.3
Net Current Asset Value 0
Tangible Book 50.76
Projected FCF 169.94
Median P/S Value 80.42
Graham Number 69.26
Peter Lynch Value 0
DCF (FCF Based) 0
DCF (Earnings Based) 0
1Y (-%)

GuruFocus Articles Total 135
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NEW YORK, March 06, 2019 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of AMC Entertainment Holdings, Inc. (:AMC), Spirit Airlines, Inc. (:SAVE), Voyager Therapeutics, Inc. (VYGR), CIT Group Inc. (:CIT), Kaman Corporation (:KAMN), and CommVault Systems, Inc. (CVLT), including updated fundamental summaries, consolidated fiscal reporting, and fully-qualified certified analyst research.

Complimentary Access: Research Reports

Full copies of recently published reports are available to readers at the

0 Views    Marketwired    2019-03-06 13:01

NEW YORK, Jan. 31, 2019 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of CIT Group Inc. (:CIT), Devon Energy Corporation (:DVN), Red Rock Resorts, Inc. (RRR), The Michaels Companies, Inc. (MIK), PCM, Inc. (PCMI), and Pareteum Corp. (TEUM), including updated fundamental summaries, consolidated fiscal reporting, and fully-qualified certified analyst research.

Complimentary Access: Research Reports

Full copies of recently published reports are available to readers at the links

0 Views    Marketwired    2019-01-31 13:01
FPA Crescent Fund manager’s top holding is South African online media company

According to GuruFocus top 10 holdings data, FPA Crescent Fund manager Steven Romick (Trades, Portfolio)’s top five holdings as of the third quarter are Naspers Ltd. (JSE:NPN), American International Group Inc. (AIG), Arconic Inc. (ARNC), United Technologies Corp. (UTX) and CIT Group Inc. (CIT).

Managing a portfolio of 58 stocks, Romick seeks value in all aspects of a company’s business structure, including stocks and bonds. The manager invests in out-of-favor companies trading at low price-earnings ratios: as a long-term investor, Romick looks at a long-term valuation parameter close to Robert Shiller’s cyclically-adjusted price-earnings ratio. As

355 Views    James Li    2018-12-14 20:48
CIT Group tops the list

While gurus hold positions in these companies, the stock prices and returns continue to fall. The following are the worst-performing stocks over the last three months with a long-term presence in more than four gurus’ portfolios.

CIT Group Inc. (CIT) had a negative performance of 15.6% over the last six months. The stock is held by 11 gurus.

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The bank has a $4.96 billion market cap. The stock is trading with a price-earnings ratio of 15.53. The stock price of $44.87 is 20.07% below its 52-week high and 2.35% above its 52-week low. Over

88 Views    Tiziano Frateschi    2018-10-26 19:53

NEW YORK, May 09, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of CIT Group Inc. (:CIT), Republic Services, Inc. (:RSG), Etsy, Inc. (ETSY), Tiffany & Co. (:TIF), Booz Allen Hamilton Holding Corporation (:BAH), and EOG Resources, Inc. (:EOG), including updated fundamental summaries, consolidated fiscal reporting, and fully-qualified certified analyst research.

Complimentary Access: Research Reports

Full copies of recently published reports are available to readers at the links

0 Views    Marketwired    2018-05-09 16:00
The founder and manager of MPF Investors combines value and special situation investing

“A good time to start in [the investing] business is when markets are terrible…. We wait for bad news… I love to read about losses.” --Michael Price

Michael Price (Trades, Portfolio) started out as a $200-per-week research assistant. He went on to become, at one point at least, the 271st richest person in the world.

He went from one end of the wealth scale to the other by becoming an investment manager and outperforming most of his peers. Or, did he?

Who is Price?

The guru was born

421 Views    Robert Abbott    2017-12-11 20:20
SunTrust Banks, KeyCorp among gurus top trades

Arnold Schneider (Trades, Portfolio), founder of Schneider Capital Management Corp., sold shares of the following stocks during the second quarter:

Schneider exited his holding of SunTrust Banks Inc. (STI) with an impact of -3.19% on the portfolio.

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The company provides financial services to consumers, businesses and corporate clients.

GuruFocus gives the company a profitability and growth rating of 4 out of 10. While the return on equity (ROE) of 8% is underperforming the sector, the return on assets (ROA) of 0.95% is outperforming 52% of companies in the Global Banks -

127 Views    Tiziano Frateschi    2017-08-29 16:44
Guru Steven Romick searches all types of securities for low risk/high return investments that are out of favor

“Patience, a long-term focus and avoiding the fads are key for successful investing. Some of the most successful stock investors of the last few decades in the U.S. aren’t known for finding the latest and greatest.” Steven Romick

One of the successful investors Steven Romick (Trades, Portfolio) is referring to is the legendary Warren Buffett (Trades, Portfolio). And, clearly, Romick aims to remain among that group.

While he takes a contrarian stance, that strategy is underpinned with a strong value orientation and

827 Views    Robert Abbott    2017-06-26 21:14
Exit also narrows portfolio to several contrarian stocks

Completing his exit from Bank of America (BAC) in the fourth quarter also erased the final holdover from Bruce Berkowitz’s famed bets on distressed financials brought to their knees in the 2008 market crisis.

The Fairholme Fund (Trades, Portfolio)s investor sold his remaining 1,713,203 shares of Bank of America in the fourth quarter for around $32 million or $19 per share. It was their highest quarterly average price since the value-oriented investor started his position in early 2010. The bank, which had 5,700 branches and 57 million customers, was trading around $18 per share.

Back then, Bank

1165 Views    Holly LaFon    2017-02-16 22:34
GuruFocus covered Einhorn at Great Investors' Best Ideas conference

Greenlight Capital hedge fund manager David Einhorn (Trades, Portfolio) joined nine other famed investors on Tuesday to talk about stocks at the annual Great Investors’ Best Ideas Investment Symposium in Dallas.

Presenters at the annual conference that raises money for the Michael J. Fox Foundation of Parkinson’s Research and the Vickery Meadow Youth Development Foundation typically pitch one or several of their favorite stocks, which together have had a solid record. A portfolio of the recommendations from last year gained more than 40%, according to Caroline Cooley, a speaker from Crestline Investors.

Fellow speakers at Tuesday’s symposium

4931 Views    Holly LaFon    2016-10-20 21:48
Guru's top-performing stocks

Steven Romick (Trades, Portfolio) is the portfolio manager of FPA Crescent Fund and the following are the guru's top-performing stocks for the third quarter.

Ally Financial Inc. (ALLY)

The investor acquired 9,942,850 shares in Ally Financial during the third quarter. Since then, the price of the stock has increased by 3%.

The company has a market cap of $9.3 billion and an enterprise value of $70.57 billion. It offers financial products and services to automotive dealers and their customers. It is engaged in Dealer Financial Services and Mortgage, Corporate and Other business.

The price

977 Views    Tiziano Frateschi    2016-10-14 21:01
Discussion of quarter and holdings

Dear Shareholders:

The FPA Crescent Fund (“the Fund”) returned 0.39% in the second quarter of 2016 and 0.19% in the first half of the year. This compares to 2.46% and 3.84%, respectively, for the S&P 500 and 0.99% and 1.23%, respectively, for the MSCI ACWI index.

In the most recent quarter, winners added 0.89% while the losers detracted -0.75%.1 There wasn’t any one company with notable news that had a significant impact on the quarter’s performance.

This letter will be briefer than our usual mid-year commentary as we devoted a lot of time to the Fund, its process and some

713 Views    Holly LaFon    2016-08-01 16:13
FPA portfolio manager reports 2nd quarter transactions

Steven Romick (Trades, Portfolio), portfolio manager of the FPA Crescent Fund, seeks long-term equity returns while avoiding permanent capital impairment and limiting the fund’s exposure to risk. An absolute value investor, Romick only invests in companies that offer absolute economic risk/reward propositions. The fund’s return since inception is 10.26%, which outperforms the Standard & Poor’s 500 index by about 1.3%. Additionally, Morningstar analysts gave FPA Crescent Fund a gold rating, praising the fund’s ability to sustain its capital gains during economic downturns.

Currently, Romick’s fund contains 57.6% in common equity and 36.3% in cash.

1384 Views    James Li    2016-07-11 22:09
Fund's largest buys in the 1st quarter

Robert L. Rodriguez, CFA, is the chief executive officer of First Pacific Advisors (Trades, Portfolio) Capital, which bought shares in many companies in the first quarter:

The fund raised its stake in CIT Group Inc. (CIT) by 120.20% with an impact of 1.98% on the portfolio.

The company is a banking company. It provides financing, leasing and advisory services principally to middle market companies in industries primarily in North America, and equipment financing and leasing solutions to the transportation industry worldwide.

GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with

1905 Views    Tiziano Frateschi    2016-05-17 19:34
A look at holdings, new buys and performance

In the first calendar quarter of 2016, the KEELEY Mid Cap Dividend Value Fund (KMDVX) increased 3.57% compared to a 3.92% rise for the Russell Midcap Value Index. The year began under a rather ominous cloud in January as U.S. equity markets faced tremendous headwinds. The S&P 500 Index, which dropped by 9% from the end of last year through January 21, recorded its worst start to a year in the history of the Index. Fortunately, the environment quickly reversed course following the European Central Bank’s announcement to expand its stimulus efforts against low inflation. In addition, the Bank of

816 Views    Holly LaFon    2016-05-06 18:43
Guru stock highlight

The largest detractor this quarter was CIT Group (NYSE:CIT), a bank which has several specialty lending and leasing platforms in addition to its West Coast branch presence. CIT fell more than 20% in the quarter as earnings expectations fell. Falling interest rates and less accretion from its large OneWest acquisition have diminished forward expectations. We stayed the course as the stock is very cheap and we believe the company’s plans to pull out costs will improve returns and ultimately earnings and share price.

From the Keeley Mid-Cap Dividend Fund first quarter 2016 commentary.

627 Views    Holly LaFon    2016-05-06 16:37
Stocks guru has continued to buy since the 4th quarter

Steven Romick (Trades, Portfolio) is the portfolio manager of FPA Crescent Fund. As of Jan. 31, the fund had delivered more than 11% a year on average over the past 10 years. The following are the companies the investor has been buying for at least the last two quarters.

Esterline Technologies Corp. (ESL)

During the fourth quarter, Romick increased his stake by 4.89% and, in the first quarter, again bought shares in the company with an increase of 3.57%. The fund holds 9.67% of outstanding shares in the specialized manufacturing company mainly serving aerospace and defense

1511 Views    Tiziano Frateschi    2016-04-20 17:47
Guru purchases 17.8 million shares in 1st quarter

Steven Romick (Trades, Portfolio), portfolio manager of FPA Crescent Fund, bought only one new stake in the first quarter, but it was big enough to become the 15th-largest stake in his portfolio.

Romick acquired a 17,836,443-share stake in Leucadia National (Trades, Portfolio) Corp. (LUK), a New York-based holding company, for an average price of $15.73 per share. The purchase had a 3.06% impact on Romick’s portfolio.

The stake is 4.92% of Leucadia’s outstanding shares and 3.06% of Romick’s total assets. The acquisition made Romick the company’s leading shareholder among the gurus.

Leucadia has a

1484 Views    David Goodloe    2016-04-12 22:12
Event-driven investor's top 4th quarter trades

John Paulson (Trades, Portfolio) established Paulson & Co. Inc. as a merger arbitrage hedge fund manager, seeking to make money from situations when one public company announces plans to take over another. During the fourth quarter, he sold many stocks including the following.

Paulson trimmed his stake in Allergan PLC (AGN) by 22.97%, and the deal had an impact of -2.4% on the portfolio.

The company is engaged in development, manufacturing, marketing, sale and distribution of generic, branded generic, brand name, biosimilar and over-the-counter pharmaceutical products. Fourth quarter net revenue increased 74% and non GAAP diluted

1991 Views    Tiziano Frateschi    2016-04-04 19:54
Goodyear Tire and Micron are undervalued by about 70%

According to GuruFocus' All-in-One Screener, the following are the stocks that are trading below the Peter Lynch value, and which more than five hedge fund gurus have in their portfolios.

Goodyear Tire & Rubber Co. (GT) is trading at about $29 per share, and the Peter Lynch value gives the stock a fair price of $125.6, giving the stock a margin of safety of 77%.

The stock is trading with a PE ratio of 2.76, higher than 98% of companies in the Global Rubber & Plastics industry and is currently 21.56% below its 52-week high and 16.64% above

2360 Views    Tiziano Frateschi    2016-01-14 22:27

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2019-06-03 $47.77 (0.48%)
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33 Stocks For August 2017 - seekingalpha.com
2017-04-28 $46.31 (0.7%)
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