Jones Financial Companies Lllp increased its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 1,752.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,162 shares of the business services provider’s stock after buying an additional 24,750 shares during the period. Jones Financial Companies Lllp’s holdings in Booz Allen Hamilton were worth $2,736,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB grew its holdings in Booz Allen Hamilton by 74.5% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider’s stock worth $26,000 after acquiring an additional 105 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Booz Allen Hamilton during the fourth quarter worth $33,000. Brooklyn Investment Group increased its holdings in Booz Allen Hamilton by 102.8% in the first quarter. Brooklyn Investment Group now owns 294 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 149 shares during the last quarter. CX Institutional bought a new stake in Booz Allen Hamilton in the first quarter valued at about $33,000. Finally, Versant Capital Management Inc lifted its stake in Booz Allen Hamilton by 627.3% in the first quarter. Versant Capital Management Inc now owns 320 shares of the business services provider’s stock valued at $33,000 after buying an additional 276 shares during the period. 91.82% of the stock is owned by institutional investors.
Booz Allen Hamilton Stock Down 0.6%
BAH stock opened at $102.53 on Thursday. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.78 and a quick ratio of 1.78. The stock has a market capitalization of $12.64 billion, a P/E ratio of 12.60, a P/E/G ratio of 1.62 and a beta of 0.45. Booz Allen Hamilton Holding Corporation has a fifty-two week low of $98.95 and a fifty-two week high of $190.59. The business has a 50-day moving average of $108.68 and a 200-day moving average of $110.18.
Booz Allen Hamilton Announces Dividend
The firm also recently announced 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 was Thursday, August 14th. This represents a $2.20 annualized dividend and a yield of 2.1%. Booz Allen Hamilton’s dividend payout ratio is presently 27.03%.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on BAH shares. UBS Group set a $119.00 price target on Booz Allen Hamilton and gave the company a “neutral” rating in a research note on Monday, July 28th. Stifel Nicolaus upped their target price on shares of Booz Allen Hamilton from $112.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, July 28th. Raymond James Financial reiterated a “market perform” rating on shares of Booz Allen Hamilton in a report on Friday, May 23rd. JPMorgan Chase & Co. boosted their price target on shares of Booz Allen Hamilton from $115.00 to $122.00 and gave the company an “underweight” rating in a report on Monday, July 28th. Finally, Barclays dropped their price objective on Booz Allen Hamilton from $140.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Booz Allen Hamilton currently has an average rating of “Hold” and a consensus price target of $134.00.
Booz Allen Hamilton Company 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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