Midwest Trust Co boosted its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 13.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 119,587 shares of the business services provider’s stock after purchasing an additional 14,134 shares during the period. Midwest Trust Co owned about 0.10% of Booz Allen Hamilton worth $11,953,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Booz Allen Hamilton by 0.5% during the second quarter. Vanguard Group Inc. now owns 13,137,237 shares of the business services provider’s stock worth $1,367,980,000 after acquiring an additional 65,496 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Booz Allen Hamilton by 58.2% during the second quarter. AQR Capital Management LLC now owns 2,565,792 shares of the business services provider’s stock valued at $264,251,000 after purchasing an additional 943,660 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Booz Allen Hamilton by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 2,417,306 shares of the business services provider’s stock valued at $251,000,000 after acquiring an additional 37,519 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Booz Allen Hamilton by 49.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,345,982 shares of the business services provider’s stock worth $240,698,000 after purchasing an additional 779,156 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Booz Allen Hamilton by 14.7% in the second quarter. Bank of America Corp DE now owns 2,297,416 shares of the business services provider’s stock valued at $239,230,000 after acquiring an additional 293,603 shares during the period. Institutional investors own 91.82% of the company’s stock.
Booz Allen Hamilton Stock Down 0.2%
Shares of Booz Allen Hamilton stock opened at $89.91 on Wednesday. The company has a market cap of $10.84 billion, a P/E ratio of 13.36, a PEG ratio of 5.29 and a beta of 0.33. Booz Allen Hamilton Holding Corporation has a 52-week low of $79.23 and a 52-week high of $130.91. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 3.76. The firm’s 50 day moving average price is $89.87 and its 200-day moving average price is $95.34.
Booz Allen Hamilton Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $2.36 dividend on an annualized basis and a yield of 2.6%. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.55. Booz Allen Hamilton’s payout ratio is presently 32.69%.
Analysts Set New Price Targets
A number of equities research analysts have commented on the stock. Jefferies Financial Group decreased their target price on shares of 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. 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 report on Tuesday, January 13th. Bank of America lowered Booz Allen Hamilton from a “buy” rating to an “underperform” rating and set a $90.00 price target for the company. in a research note on Friday, October 24th. UBS Group restated a “neutral” rating and issued a $97.00 target price on shares of Booz Allen Hamilton in a research note on Tuesday, January 27th. Finally, DA Davidson set a $81.00 price objective on Booz Allen Hamilton in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $101.25.
Booz Allen Hamilton 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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