Captrust Financial Advisors reduced its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 38.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 571,519 shares of the business services provider’s stock after selling 358,153 shares during the quarter. Captrust Financial Advisors owned approximately 0.47% of Booz Allen Hamilton worth $57,123,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Rakuten Securities Inc. boosted its holdings in Booz Allen Hamilton by 414.6% during the second quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock worth $26,000 after purchasing an additional 199 shares during the last quarter. West Branch Capital LLC increased its stake in Booz Allen Hamilton by 58.3% in the 3rd quarter. West Branch Capital LLC now owns 285 shares of the business services provider’s stock valued at $28,000 after buying an additional 105 shares during the last quarter. Cornerstone Planning Group LLC increased its stake in Booz Allen Hamilton by 244.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 289 shares of the business services provider’s stock valued at $29,000 after buying an additional 205 shares during the last quarter. Fulcrum Asset Management LLP bought a new stake in Booz Allen Hamilton during the 3rd quarter worth about $32,000. Finally, Eastern Bank bought a new stake in Booz Allen Hamilton during the 3rd quarter worth about $35,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.
Booz Allen Hamilton Stock Performance
BAH opened at $78.86 on Thursday. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.81 and a quick ratio of 1.81. The company has a market capitalization of $9.51 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 4.53 and a beta of 0.37. The business has a fifty day simple moving average of $84.99 and a 200 day simple moving average of $89.73. Booz Allen Hamilton Holding Corporation has a 1 year low of $73.93 and a 1 year high of $130.91.
Booz Allen Hamilton Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were paid 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 presently 35.07%.
Wall Street Analysts Forecast Growth
BAH has been the topic of a number of recent research reports. Jefferies Financial Group lowered their target price on Booz Allen Hamilton from $100.00 to $95.00 and set a “hold” rating on the stock in a research report on Thursday, December 18th. Weiss Ratings raised Booz Allen Hamilton from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, March 4th. UBS Group reaffirmed a “neutral” rating and set a $97.00 price target on shares of Booz Allen Hamilton in a research report on Tuesday, January 27th. Stifel Nicolaus upped 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, DA Davidson set a $81.00 price objective on Booz Allen Hamilton in a report on Tuesday, January 27th. Two research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Booz Allen Hamilton has a consensus rating of “Reduce” and a consensus target price of $101.25.
Read Our Latest Stock Report 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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