Bahl & Gaynor Inc. lowered its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 24.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 586,646 shares of the business services provider’s stock after selling 194,845 shares during the period. Bahl & Gaynor Inc. owned 0.48% of Booz Allen Hamilton worth $58,635,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the business. Greenleaf Trust grew its holdings in Booz Allen Hamilton by 5.2% in the 3rd quarter. Greenleaf Trust now owns 2,082 shares of the business services provider’s stock valued at $208,000 after buying an additional 102 shares during the period. Creative Financial Designs Inc. ADV boosted its position in shares of Booz Allen Hamilton by 26.7% in the second quarter. Creative Financial Designs Inc. ADV now owns 493 shares of the business services provider’s stock worth $51,000 after acquiring an additional 104 shares during the last quarter. West Branch Capital LLC grew its holdings in 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 period. Security National Bank of SO Dak increased its position in Booz Allen Hamilton by 0.6% during the third quarter. Security National Bank of SO Dak now owns 18,184 shares of the business services provider’s stock worth $1,817,000 after purchasing an additional 110 shares during the last quarter. Finally, KPP Advisory Services LLC increased its position in Booz Allen Hamilton by 2.5% during the third quarter. KPP Advisory Services LLC now owns 5,119 shares of the business services provider’s stock worth $512,000 after purchasing an additional 123 shares during the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.
Booz Allen Hamilton Price Performance
Shares of NYSE BAH opened at $78.79 on Monday. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.81 and a quick ratio of 1.81. Booz Allen Hamilton Holding Corporation has a 1-year low of $73.93 and a 1-year high of $130.91. The company has a market capitalization of $9.50 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 4.63 and a beta of 0.37. The business has a 50-day moving average of $87.01 and a 200-day moving average of $92.43.
Booz Allen Hamilton Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, February 13th. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.55. Booz Allen Hamilton’s dividend payout ratio (DPR) is 35.07%.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on BAH shares. Citigroup boosted their price objective on shares of Booz Allen Hamilton from $93.00 to $109.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Truist Financial set a $98.00 price target on Booz Allen Hamilton in a research report on Friday, January 23rd. DA Davidson set a $81.00 price target on Booz Allen Hamilton in a research note on Tuesday, January 27th. UBS Group reaffirmed a “neutral” rating and issued a $97.00 price objective on shares of Booz Allen Hamilton in a research note on Tuesday, January 27th. Finally, Stifel Nicolaus increased their target price on shares of Booz Allen Hamilton from $106.00 to $115.00 and gave the stock a “hold” rating in a research report on Monday, January 26th. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Booz Allen Hamilton currently has a consensus rating of “Reduce” and an average target price of $101.25.
About Booz Allen Hamilton
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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