First Trust Advisors LP lifted its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 10.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,571,053 shares of the business services provider’s stock after acquiring an additional 342,252 shares during the quarter. First Trust Advisors LP owned approximately 2.94% of Booz Allen Hamilton worth $356,927,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in BAH. Rakuten Securities Inc. lifted its holdings in Booz Allen Hamilton by 414.6% during the 2nd quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 199 shares during the last quarter. West Branch Capital LLC increased its holdings in shares of Booz Allen Hamilton by 58.3% in the third quarter. West Branch Capital LLC now owns 285 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 105 shares during the last quarter. Cornerstone Planning Group LLC raised its position in shares of Booz Allen Hamilton by 244.0% in the third quarter. Cornerstone Planning Group LLC now owns 289 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 205 shares during the period. Golden State Wealth Management LLC raised its position in shares of Booz Allen Hamilton by 244.9% in the second quarter. Golden State Wealth Management LLC now owns 338 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 240 shares during the period. Finally, Eastern Bank acquired a new stake in shares of Booz Allen Hamilton during the 3rd quarter worth about $35,000. Institutional investors own 91.82% of the company’s stock.
Booz Allen Hamilton Stock Performance
NYSE:BAH opened at $81.79 on Friday. The company has a market cap of $9.86 billion, a price-to-earnings ratio of 12.15, a PEG ratio of 4.68 and a beta of 0.37. Booz Allen Hamilton Holding Corporation has a fifty-two week low of $73.93 and a fifty-two week high of $130.91. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.81 and a current ratio of 1.81. The stock has a fifty day moving average price of $86.42 and a 200-day moving average price of $91.63.
Booz Allen Hamilton Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 13th were given a dividend of $0.59 per share. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.55. This represents a $2.36 annualized dividend and a yield of 2.9%. The ex-dividend date was Friday, February 13th. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 35.07%.
Analysts Set New Price Targets
BAH has been the subject of several research analyst reports. Stifel Nicolaus lifted their target price on shares of Booz Allen Hamilton from $106.00 to $115.00 and gave the stock a “hold” rating in a report on Monday, January 26th. DA Davidson set a $81.00 price objective on shares of Booz Allen Hamilton in a research report on Tuesday, January 27th. Citigroup increased their target price on Booz Allen Hamilton from $93.00 to $109.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. William Blair reiterated an “outperform” rating on shares of Booz Allen Hamilton in a research report on Tuesday. Finally, Zacks Research upgraded shares of Booz Allen Hamilton from a “strong sell” rating to a “hold” rating in a research note on Friday, November 28th. Two analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $101.25.
Read Our Latest Stock Report on BAH
Booz Allen Hamilton Profile
Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.
Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.
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