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.
Some institutional investors establish a significant position in stocks such as CIT in order to find ways to drive up its value. Retail investors, on the other hand, need to know that institutional holders can own millions of shares of CIT, and when they decide to sell, the stock will often sell-off, which may instantly impact shareholders' value. So, traders who get in early or near the beginning of the institutional investor's buying cycle could potentially generate profits.
Please note, institutional investors have a lot of resources and new technology at their disposal. They can put in a lot of research and financial analysis when reviewing investment options. There are many different types of institutional investors, including banks, hedge funds, insurance companies, and pension plans. One of the main advantages they have over retail investors is the fees paid for trades. As they are buying in large quantities, they can manage their cost more effectively.
  
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 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.

Thematic Opportunities

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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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

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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