Bamco Inc. NY increased its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 4.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 329,787 shares of the business services provider’s stock after purchasing an additional 15,000 shares during the quarter. Bamco Inc. NY owned approximately 0.27% of Booz Allen Hamilton worth $32,962,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BAH. Rakuten Securities Inc. boosted its stake in shares of Booz Allen Hamilton by 414.6% in 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 raised its stake in shares of Booz Allen Hamilton by 58.3% during the third quarter. West Branch Capital LLC now owns 285 shares of the business services provider’s stock worth $28,000 after buying an additional 105 shares during the last quarter. Cornerstone Planning Group LLC raised its stake in shares of Booz Allen Hamilton by 244.0% during the third quarter. Cornerstone Planning Group LLC now owns 289 shares of the business services provider’s stock worth $29,000 after buying an additional 205 shares during the last quarter. Eastern Bank acquired a new position in Booz Allen Hamilton in the third quarter valued at approximately $35,000. Finally, Transamerica Financial Advisors LLC bought a new position in Booz Allen Hamilton in the second quarter valued at approximately $41,000. 91.82% of the stock is owned by institutional investors.
Booz Allen Hamilton Stock Up 1.5%
Shares of NYSE:BAH opened at $78.24 on Monday. The company has a 50 day moving average price of $85.75 and a two-hundred day moving average price of $90.26. 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 company has a market capitalization of $9.43 billion, a PE ratio of 11.63, a PEG ratio of 4.59 and a beta of 0.37. Booz Allen Hamilton Holding Corporation has a 52 week low of $73.93 and a 52 week high of $130.91.
Booz Allen Hamilton Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 13th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 3.0%. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, February 13th. Booz Allen Hamilton’s dividend payout ratio is currently 35.07%.
Wall Street Analyst Weigh In
A number of research firms have commented on BAH. William Blair reaffirmed an “outperform” rating on shares of Booz Allen Hamilton in a report on Tuesday, March 3rd. Jefferies Financial Group cut their price target on Booz Allen Hamilton from $100.00 to $95.00 and set a “hold” rating on the stock in a research note on Thursday, December 18th. Weiss Ratings upgraded Booz Allen Hamilton from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, March 4th. Stifel Nicolaus lifted their price objective on Booz Allen Hamilton from $106.00 to $115.00 and gave the stock a “hold” rating in a research note on Monday, January 26th. Finally, Zacks Research upgraded Booz Allen Hamilton from a “strong sell” rating to a “hold” rating in a report on Friday, November 28th. Two research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $101.25.
View Our Latest Analysis on Booz Allen Hamilton
Booz Allen Hamilton Company 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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