Citizens Financial Group Inc. RI Boosts Stake in Intuit Inc. $INTU

Citizens Financial Group Inc. RI lifted its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 12.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,715 shares of the software maker’s stock after buying an additional 1,765 shares during the period. Citizens Financial Group Inc. RI’s holdings in Intuit were worth $12,377,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of INTU. KMG Fiduciary Partners LLC boosted its holdings in shares of Intuit by 1.8% during the 2nd quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker’s stock valued at $607,000 after acquiring an additional 14 shares during the last quarter. Pinnacle Bancorp Inc. lifted its position in Intuit by 3.9% during the second quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker’s stock valued at $296,000 after purchasing an additional 14 shares during the period. Weaver Capital Management LLC lifted its position in Intuit by 1.3% during the second quarter. Weaver Capital Management LLC now owns 1,127 shares of the software maker’s stock valued at $888,000 after purchasing an additional 14 shares during the period. May Hill Capital LLC boosted its holdings in Intuit by 4.2% in the second quarter. May Hill Capital LLC now owns 345 shares of the software maker’s stock worth $272,000 after purchasing an additional 14 shares during the last quarter. Finally, Peloton Wealth Strategists grew its position in Intuit by 0.3% in the 1st quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker’s stock worth $2,710,000 after purchasing an additional 15 shares during the period. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Oppenheimer increased their price target on Intuit from $742.00 to $868.00 and gave the company an “outperform” rating in a report on Monday, July 28th. KeyCorp lowered their target price on Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Stifel Nicolaus dropped their target price on Intuit from $850.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Wall Street Zen raised shares of Intuit from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Finally, Zacks Research cut shares of Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Intuit has a consensus rating of “Moderate Buy” and a consensus price target of $791.82.

Insider Activity at Intuit

In related news, Director Scott D. Cook sold 529 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $351,779.71. Following the completion of the transaction, the director owned 6,162,547 shares of the company’s stock, valued at approximately $4,098,032,129.53. This represents a 0.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Sandeep Aujla sold 1,170 shares of the stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total value of $792,160.20. Following the completion of the sale, the chief financial officer owned 1,295 shares of the company’s stock, valued at $876,792.70. The trade was a 47.46% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 2,407 shares of company stock worth $1,614,913. 2.68% of the stock is owned by corporate insiders.

Intuit Stock Up 1.9%

INTU stock opened at $662.41 on Friday. The business’s 50-day moving average price is $667.47 and its 200-day moving average price is $706.62. The stock has a market cap of $184.68 billion, a P/E ratio of 48.21, a PEG ratio of 2.53 and a beta of 1.25. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same period in the prior year, the firm posted $1.99 EPS. The firm’s quarterly revenue was up 20.3% compared to the same quarter last year. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, equities research analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, October 9th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, October 9th. This is a positive change from Intuit’s previous quarterly dividend of $1.04. Intuit’s payout ratio is 34.93%.

About Intuit

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.