CIT Ownership
CIT holds a total of 99.17 Million outstanding shares. The majority of CIT Group outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in CIT Group to benefit from reduced commissions. Thus, institutional investors are subject to a different set of regulations than regular investors in CIT. Please pay attention to any change in the institutional holdings of CIT Group as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
CIT |
CIT Stock Ownership Analysis
About 94.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 0.94. Some equities with similar Price to Book (P/B) outperform the market in the long run. CIT Group has Price/Earnings To Growth (PEG) ratio of 0.66. The entity recorded earning per share (EPS) of 6.88. The firm last dividend was issued on the 28th of October 2021. CIT Group Inc. operates as the holding company for CIT Bank, N.A. that provides banking and related services to commercial and individual customers. CIT Group Inc. was founded in 1908 and is based in New York, New York. Cit operates under BanksRegional classification in the United States and is traded on New York Stock Exchange. It employs 3812 people. For more info on CIT Group please contact Ellen Alemany at 212 461-5200 or go to www.cit.com.CIT Outstanding Bonds
CIT issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. CIT Group uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most CIT bonds can be classified according to their maturity, which is the date when CIT Group has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Dana 575 percent Corp BondUS235822AB96 | View | |
| CIGNA P 7875 Corp BondUS125509AZ26 | View | |
| CIGNA P 305 Corp BondUS125509BV03 | View | |
| CIGNA P 325 Corp BondUS125509BU20 | View | |
| CIT Group 6125 Corp BondUS125581GX07 | View | |
| MPLX LP 4125 Corp BondUS55336VAK61 | View | |
| MPLX LP 4875 Corp BondUS55336VAJ98 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View |
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Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Other Consideration for investing in CIT Stock
If you are still planning to invest in CIT Group check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the CIT's history and understand the potential risks before investing.
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