Macquarie Group Ltd. decreased its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH – Get Rating) by 6.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 23,015 shares of the business services provider’s stock after selling 1,560 shares during the period. Macquarie Group Ltd.’s holdings in Booz Allen Hamilton were worth $2,125,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of BAH. Wellington Management Group LLP increased its stake in shares of Booz Allen Hamilton by 27.8% in the 1st quarter. Wellington Management Group LLP now owns 1,459,668 shares of the business services provider’s stock valued at $128,219,000 after purchasing an additional 317,646 shares during the last quarter. Invesco Ltd. increased its stake in shares of Booz Allen Hamilton by 81.7% in the 1st quarter. Invesco Ltd. now owns 681,952 shares of the business services provider’s stock valued at $59,903,000 after purchasing an additional 306,720 shares during the last quarter. Korea Investment CORP increased its stake in shares of Booz Allen Hamilton by 473.1% in the 2nd quarter. Korea Investment CORP now owns 312,898 shares of the business services provider’s stock valued at $28,273,000 after purchasing an additional 258,298 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Booz Allen Hamilton by 10.9% in the 1st quarter. First Trust Advisors LP now owns 2,521,503 shares of the business services provider’s stock valued at $221,489,000 after purchasing an additional 247,271 shares during the last quarter. Finally, Artemis Investment Management LLP bought a new position in shares of Booz Allen Hamilton in the 3rd quarter valued at $20,054,000. Institutional investors own 90.68% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the company. StockNews.com lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Monday, January 30th. Wells Fargo & Company boosted their price objective on Booz Allen Hamilton from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 1st. Finally, Morgan Stanley reduced their price objective on Booz Allen Hamilton from $118.00 to $116.00 and set an “overweight” rating on the stock in a research report on Thursday, February 2nd. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $102.90.
Booz Allen Hamilton Trading Down 1.1 %
Booz Allen Hamilton Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Friday, February 10th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Thursday, February 9th. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.43. Booz Allen Hamilton’s payout ratio is 58.39%.
Booz Allen Hamilton Profile
Booz Allen Hamilton Holding Corp. engages in the provision of management and technology consulting services. It offers analytics, digital solutions, engineering, and cyber expertise. The company was founded by Edwin Booz in 1914 and is headquartered in McLean, VA.
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