Janney Montgomery Scott LLC lessened its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 32.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,176 shares of the business services provider’s stock after selling 4,309 shares during the period. Janney Montgomery Scott LLC’s holdings in Booz Allen Hamilton were worth $956,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Alpine Bank Wealth Management bought a new position in Booz Allen Hamilton during the 2nd quarter worth $62,000. Camelot Portfolios LLC bought a new position in Booz Allen Hamilton during the 2nd quarter worth $264,000. Hengehold Capital Management LLC bought a new position in Booz Allen Hamilton during the 2nd quarter worth $792,000. Twelve Points Wealth Management LLC increased its stake in Booz Allen Hamilton by 6.4% during the 2nd quarter. Twelve Points Wealth Management LLC now owns 9,728 shares of the business services provider’s stock worth $1,013,000 after acquiring an additional 584 shares during the period. Finally, Kathmere Capital Management LLC bought a new position in Booz Allen Hamilton during the 2nd quarter worth $253,000. Institutional investors own 91.82% of the company’s stock.
Booz Allen Hamilton Trading Up 1.5%
NYSE BAH opened at $97.78 on Wednesday. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.66. Booz Allen Hamilton Holding Corporation has a twelve month low of $95.50 and a twelve month high of $190.59. The company has a market cap of $12.05 billion, a price-to-earnings ratio of 12.01, a price-to-earnings-growth ratio of 1.52 and a beta of 0.42. The business’s fifty day moving average is $104.67 and its 200 day moving average is $108.73.
Booz Allen Hamilton Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Thursday, August 14th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.20 annualized dividend and a dividend yield of 2.3%. Booz Allen Hamilton’s dividend payout ratio (DPR) is 27.03%.
Wall Street Analyst Weigh In
A number of equities analysts have commented on BAH shares. William Blair upgraded Booz Allen Hamilton from a “market perform” rating to an “outperform” rating in a research note on Monday, July 21st. UBS Group set a $119.00 target price on Booz Allen Hamilton and gave the company a “neutral” rating in a report on Monday, July 28th. Stifel Nicolaus raised their target price on Booz Allen Hamilton from $112.00 to $119.00 and gave the company a “hold” rating in a report on Monday, July 28th. JPMorgan Chase & Co. raised their target price on Booz Allen Hamilton from $115.00 to $122.00 and gave the company an “underweight” rating in a report on Monday, July 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Booz Allen Hamilton in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Booz Allen Hamilton currently has a consensus rating of “Hold” and an average price target of $134.00.
View Our Latest Stock Analysis on BAH
Booz Allen Hamilton Profile
Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.
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