Callan Family Office LLC purchased a new position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 7,423 shares of the business services provider’s stock, valued at approximately $773,000.
Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Booz Allen Hamilton by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 13,071,741 shares of the business services provider’s stock worth $1,367,043,000 after acquiring an additional 237,720 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Booz Allen Hamilton by 15.3% during the 1st quarter. Bessemer Group Inc. now owns 1,710,181 shares of the business services provider’s stock worth $178,853,000 after acquiring an additional 226,761 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Booz Allen Hamilton by 288.4% during the 1st quarter. AQR Capital Management LLC now owns 1,622,132 shares of the business services provider’s stock worth $168,491,000 after acquiring an additional 1,204,446 shares during the last quarter. 1832 Asset Management L.P. boosted its stake in shares of Booz Allen Hamilton by 78.7% during the 1st quarter. 1832 Asset Management L.P. now owns 1,466,529 shares of the business services provider’s stock worth $153,370,000 after acquiring an additional 646,053 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Booz Allen Hamilton by 603.1% during the 1st quarter. Wellington Management Group LLP now owns 1,446,414 shares of the business services provider’s stock worth $151,266,000 after acquiring an additional 1,240,689 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.
Booz Allen Hamilton Stock Down 0.8%
Shares of BAH stock opened at $96.32 on Tuesday. The stock has a market cap of $11.87 billion, a P/E ratio of 11.83, a PEG ratio of 1.53 and a beta of 0.42. Booz Allen Hamilton Holding Corporation has a 52 week low of $95.50 and a 52 week high of $190.59. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.66. The company’s fifty day simple moving average is $104.95 and its two-hundred day simple moving average is $108.81.
Booz Allen Hamilton Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Thursday, August 14th were issued a $0.55 dividend. The ex-dividend date was Thursday, August 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.3%. Booz Allen Hamilton’s payout ratio is 27.03%.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Booz Allen Hamilton from $115.00 to $122.00 and gave the company an “underweight” rating in a research note on Monday, July 28th. Stifel Nicolaus lifted 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. William Blair upgraded shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating in a research note on Monday, July 21st. UBS Group set a $119.00 target price on shares of Booz Allen Hamilton and gave the company a “neutral” rating in a research note on Monday, July 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Booz Allen Hamilton in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Booz Allen Hamilton has a consensus rating of “Hold” and an average target price of $134.00.
Read Our Latest Stock Analysis on Booz Allen Hamilton
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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