Thompson Siegel & Walmsley LLC Boosted Its Stake in Cit Group INC (CIT) by $4.75 Million

March 21, 2018 - By Marguerite Chambers

Investors sentiment increased to 1.01 in 2017 Q3. Its up 0.67, from 0.34 in 2017Q2. It increased, as 23 investors sold CIT shares while 91 reduced holdings. 43 funds opened positions while 72 raised stakes. 134.52 million shares or 7.51% less from 145.43 million shares in 2017Q2 were reported. Moreover, Us Natl Bank De has 0% invested in CIT Group Inc. (NYSE:CIT). Panagora Asset Inc holds 0% or 6,123 shares. Pomelo Cap Ltd Liability Com holds 0.08% in CIT Group Inc. (NYSE:CIT) or 40,000 shares. Aperio Gp Ltd Liability Com invested in 104,661 shares. Northern Tru Corporation has invested 0.01% in CIT Group Inc. (NYSE:CIT). Dalton Greiner Hartman Maher & Co holds 0.76% or 275,170 shares. Moreover, Farmers Merchants Investments Inc has 0% invested in CIT Group Inc. (NYSE:CIT) for 250 shares. Mitsubishi Ufj Trust Bk reported 324,319 shares. State Of Alaska Department Of Revenue accumulated 13,950 shares. Contravisory Invest has 1.82% invested in CIT Group Inc. (NYSE:CIT). Twin Capital holds 0.05% in CIT Group Inc. (NYSE:CIT) or 19,435 shares. Cipher Cap LP reported 51,504 shares. Vident Investment Advisory Limited Liability Co reported 61,320 shares. Moreover, Salzhauer Michael has 0.3% invested in CIT Group Inc. (NYSE:CIT) for 14,340 shares. Kemnay Advisory Service has invested 0.35% in CIT Group Inc. (NYSE:CIT).

Since March 1, 2018, it had 0 buys, and 1 insider sale for $107,268 activity.

Thompson Siegel & Walmsley Llc increased its stake in Cit Group Inc (CIT) by 3.35% based on its latest 2017Q3 regulatory filing with the SEC. Thompson Siegel & Walmsley Llc bought 97,001 shares as the company’s stock rose 7.62% with the market. The institutional investor held 2.99M shares of the consumer services company at the end of 2017Q3, valued at $146.61M, up from 2.89 million at the end of the previous reported quarter. Thompson Siegel & Walmsley Llc who had been investing in Cit Group Inc for a number of months, seems to be bullish on the $7.03 billion market cap company. The stock decreased 0.20% or $0.11 during the last trading session, reaching $53.77. About 563,160 shares traded. CIT Group Inc. (NYSE:CIT) has risen 46.21% since March 21, 2017 and is uptrending. It has outperformed by 29.51% the S&P500.

Thompson Siegel & Walmsley Llc, which manages about $7.40 billion and $8.33B US Long portfolio, decreased its stake in Firstcash Inc by 80,094 shares to 219,727 shares, valued at $13.88M in 2017Q3, according to the filing. It also reduced its holding in Mohawk Industries Inc (NYSE:MHK) by 36,647 shares in the quarter, leaving it with 30 shares, and cut its stake in Gaming And Leisure Properties (NASDAQ:GLPI).

CIT Group Inc. (NYSE:CIT) Ratings Coverage

Among 19 analysts covering CIT Group (NYSE:CIT), 8 have Buy rating, 0 Sell and 11 Hold. Therefore 42% are positive. CIT Group has $60.0 highest and $3000 lowest target. $50.33’s average target is -6.40% below currents $53.77 stock price. CIT Group had 64 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of CIT Group Inc. (NYSE:CIT) has “Mkt Outperform” rating given on Friday, December 18 by JMP Securities. DA Davidson initiated CIT Group Inc. (NYSE:CIT) rating on Friday, August 21. DA Davidson has “Buy” rating and $56 target. The firm has “Hold” rating given on Monday, August 28 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Sunday, February 4 report. On Wednesday, April 26 the stock rating was upgraded by Bank of America to “Buy”. Oppenheimer maintained the shares of CIT in report on Tuesday, January 5 with “Outperform” rating. Oppenheimer maintained CIT Group Inc. (NYSE:CIT) on Tuesday, October 6 with “Outperform” rating. Credit Suisse maintained the shares of CIT in report on Monday, February 5 with “Neutral” rating. The company was initiated on Tuesday, October 17 by Citigroup. The company was maintained on Wednesday, November 4 by Oppenheimer.

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