Citizens Financial Group Inc. RI Has $8.34 Million Stock Holdings in Intuit Inc. (NASDAQ:INTU)

Citizens Financial Group Inc. RI lifted its stake in Intuit Inc. (NASDAQ:INTU) by 4.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,423 shares of the software maker’s stock after purchasing an additional 608 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Intuit were worth $8,336,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. LGT Financial Advisors LLC acquired a new stake in shares of Intuit during the second quarter valued at approximately $25,000. Cultivar Capital Inc. acquired a new stake in Intuit during the 2nd quarter valued at $26,000. Fairway Wealth LLC purchased a new stake in shares of Intuit in the second quarter valued at $26,000. Northwest Investment Counselors LLC acquired a new stake in shares of Intuit in the third quarter worth $27,000. Finally, Hobbs Group Advisors LLC purchased a new position in shares of Intuit during the second quarter valued at $35,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Sandeep Aujla sold 775 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $601.31, for a total transaction of $466,015.25. Following the completion of the sale, the chief financial officer now directly owns 4,451 shares of the company’s stock, valued at $2,676,430.81. The trade was a 14.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Eve B. Burton sold 2,988 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $649.87, for a total transaction of $1,941,811.56. The disclosure for this sale can be found here. Insiders have sold a total of 55,297 shares of company stock valued at $35,220,046 in the last 90 days. 2.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on INTU shares. Susquehanna reissued a “positive” rating and issued a $757.00 price objective on shares of Intuit in a research note on Friday, August 16th. JPMorgan Chase & Co. boosted their price target on Intuit from $585.00 to $600.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. Piper Sandler reiterated an “overweight” rating and issued a $768.00 target price on shares of Intuit in a research note on Friday, September 27th. Scotiabank started coverage on shares of Intuit in a research note on Monday. They set a “sector perform” rating and a $700.00 price target on the stock. Finally, Jefferies Financial Group boosted their target price on Intuit from $770.00 to $790.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $737.06.

Intuit Price Performance

Shares of Intuit stock opened at $650.60 on Thursday. Intuit Inc. has a 1-year low of $557.29 and a 1-year high of $714.78. The firm’s 50-day moving average price is $634.46 and its two-hundred day moving average price is $630.89. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $182.25 billion, a price-to-earnings ratio of 62.26, a P/E/G ratio of 3.15 and a beta of 1.25.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.14. Intuit had a return on equity of 18.64% and a net margin of 18.19%. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period in the prior year, the company earned $0.40 EPS. Intuit’s revenue for the quarter was up 17.4% on a year-over-year basis. On average, equities analysts predict that Intuit Inc. will post 14.05 earnings per share for the current fiscal year.

Intuit Company Profile

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.