BNP Paribas Financial Markets boosted its position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 772,334 shares of the business services provider’s stock after acquiring an additional 28,878 shares during the period. BNP Paribas Financial Markets owned 0.64% of Booz Allen Hamilton worth $77,195,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of BAH. Rakuten Securities Inc. grew its position in shares of Booz Allen Hamilton by 414.6% in the second quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 199 shares during the last quarter. West Branch Capital LLC lifted its position in shares of Booz Allen Hamilton by 58.3% during the 3rd quarter. West Branch Capital LLC now owns 285 shares of the business services provider’s stock worth $28,000 after purchasing an additional 105 shares during the last quarter. Cornerstone Planning Group LLC boosted its stake in Booz Allen Hamilton by 244.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 289 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 205 shares during the period. Eastern Bank bought a new stake in Booz Allen Hamilton during the 3rd quarter valued at approximately $35,000. Finally, Transamerica Financial Advisors LLC acquired a new stake in Booz Allen Hamilton in the 2nd quarter valued at approximately $41,000. Institutional investors and hedge funds own 91.82% of the company’s stock.
Booz Allen Hamilton Stock Performance
BAH opened at $77.10 on Friday. The stock’s 50 day simple moving average is $85.88 and its 200-day simple moving average is $90.75. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 3.76. The stock has a market cap of $9.30 billion, a PE ratio of 11.46, a P/E/G ratio of 4.46 and a beta of 0.37. 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 firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 13th were given a dividend of $0.59 per share. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, February 13th. This represents a $2.36 annualized dividend and a dividend yield of 3.1%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 35.07%.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. William Blair reiterated an “outperform” rating on shares of Booz Allen Hamilton in a report on Tuesday, March 3rd. Weiss Ratings upgraded shares of Booz Allen Hamilton from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, March 4th. Stifel Nicolaus boosted 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. Citigroup upped their target price 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. Finally, UBS Group reissued a “neutral” rating and issued a $97.00 price target on shares of Booz Allen Hamilton in a report on Tuesday, January 27th. Two analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Booz Allen Hamilton has a consensus rating of “Reduce” 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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