Kingsview Wealth Management LLC Grows Stock Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Kingsview Wealth Management LLC raised its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH – Get Rating) by 76.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,336 shares of the business services provider’s stock after buying an additional 5,795 shares during the period. Kingsview Wealth Management LLC’s holdings in Booz Allen Hamilton were worth $1,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Bessemer Group Inc. lifted its position in shares of Booz Allen Hamilton by 854.8% in the 3rd quarter. Bessemer Group Inc. now owns 296 shares of the business services provider’s stock worth $27,000 after purchasing an additional 265 shares during the period. SeaCrest Wealth Management LLC purchased a new stake in shares of Booz Allen Hamilton in the 2nd quarter worth approximately $30,000. Private Trust Co. NA purchased a new stake in shares of Booz Allen Hamilton in the 2nd quarter worth approximately $37,000. Wipfli Financial Advisors LLC purchased a new stake in shares of Booz Allen Hamilton in the 3rd quarter worth approximately $44,000. Finally, Standard Family Office LLC purchased a new stake in shares of Booz Allen Hamilton in the 3rd quarter worth approximately $57,000. 90.68% of the stock is owned by hedge funds and other institutional investors.

Booz Allen Hamilton Trading Up 1.8 %

NYSE:BAH opened at $91.33 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 2.31. Booz Allen Hamilton Holding Co. has a 52 week low of $76.60 and a 52 week high of $112.55. The stock has a market capitalization of $12.08 billion, a price-to-earnings ratio of 28.36, a PEG ratio of 2.28 and a beta of 0.60. The firm has a 50 day moving average of $95.68 and a 200 day moving average of $99.47.

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 paid a dividend of $0.47 per share. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, February 9th. This represents a $1.88 dividend on an annualized basis and a yield of 2.06%. Booz Allen Hamilton’s dividend payout ratio is presently 58.39%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BAH. Morgan Stanley lowered their price target on shares of Booz Allen Hamilton from $118.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, February 2nd. Wells Fargo & Company upped their price target on shares of 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, StockNews.com cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Monday, January 30th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $104.33.

Booz Allen Hamilton Company Profile

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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.