Vanguard Group Inc. Grows Position in Intuit Inc. $INTU

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Vanguard Group Inc. increased its stake in Intuit Inc. (NASDAQ:INTU) by 1.0% in the fourth quarter, now owning 28,918,438 shares valued at over $19.1 billion. Other institutional investors also adjusted their holdings, and Wall Street analysts generally maintain “Buy” or “Outperform” ratings for the stock with an average target price of $636.10. Intuit recently announced a quarterly dividend of $1.20 per share and reported strong earnings, beating analyst estimates for the last quarter.

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