CIBC Private Wealth Group LLC Has $101.06 Million Stock Holdings in Intuit Inc. (NASDAQ:INTU)

CIBC Private Wealth Group LLC decreased its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 161,417 shares of the software maker's stock after selling 3,623 shares during the quarter. CIBC Private Wealth Group LLC owned about 0.06% of Intuit worth $101,055,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Brown Financial Advisors grew its holdings in shares of Intuit by 0.9% in the 3rd quarter. Brown Financial Advisors now owns 1,639 shares of the software maker's stock valued at $1,018,000 after buying an additional 15 shares during the period. True North Advisors LLC grew its stake in Intuit by 4.3% in the fourth quarter. True North Advisors LLC now owns 409 shares of the software maker's stock valued at $257,000 after acquiring an additional 17 shares during the period. Great Diamond Partners LLC increased its holdings in shares of Intuit by 2.8% in the fourth quarter. Great Diamond Partners LLC now owns 627 shares of the software maker's stock worth $394,000 after acquiring an additional 17 shares in the last quarter. RB Capital Management LLC raised its position in shares of Intuit by 0.6% during the third quarter. RB Capital Management LLC now owns 3,169 shares of the software maker's stock worth $1,968,000 after purchasing an additional 18 shares during the period. Finally, Pacifica Partners Inc. lifted its holdings in shares of Intuit by 27.7% during the 4th quarter. Pacifica Partners Inc. now owns 83 shares of the software maker's stock valued at $52,000 after purchasing an additional 18 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Insider Activity

In other news, insider Scott D. Cook sold 6,446 shares of the firm's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $604.26, for a total transaction of $3,895,059.96. Following the completion of the sale, the insider now owns 6,219,900 shares in the company, valued at approximately $3,758,436,774. This trade represents a 0.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Laura A. Fennell sold 8,163 shares of Intuit stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $612.46, for a total transaction of $4,999,510.98. Following the sale, the executive vice president now directly owns 21,882 shares of the company's stock, valued at $13,401,849.72. The trade was a 27.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,862 shares of company stock valued at $18,767,673 over the last three months. Insiders own 2.68% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Citigroup dropped their target price on shares of Intuit from $760.00 to $726.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Mizuho raised their price objective on shares of Intuit from $750.00 to $765.00 and gave the stock an "outperform" rating in a report on Monday, March 3rd. Redburn Atlantic began coverage on shares of Intuit in a research note on Wednesday, February 19th. They issued a "neutral" rating for the company. BNP Paribas downgraded Intuit from a "neutral" rating to an "underperform" rating and set a $530.00 price target on the stock. in a research note on Wednesday, January 15th. Finally, Scotiabank reduced their price objective on Intuit from $700.00 to $600.00 and set a "sector perform" rating for the company in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $718.00.

Intuit Stock Performance

Shares of Intuit stock traded down $37.00 during trading on Friday, hitting $561.53. 3,334,095 shares of the stock were exchanged, compared to its average volume of 1,543,195. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. The company has a fifty day moving average price of $595.64 and a 200-day moving average price of $620.96. The stock has a market capitalization of $156.98 billion, a price-to-earnings ratio of 54.52, a price-to-earnings-growth ratio of 2.85 and a beta of 1.27. Intuit Inc. has a 1-year low of $553.24 and a 1-year high of $714.78.

Intuit Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Thursday, April 10th will be paid a $1.04 dividend. The ex-dividend date is Thursday, April 10th. This represents a $4.16 annualized dividend and a yield of 0.74%. Intuit's dividend payout ratio is 38.81%.

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.