Rathbones Group PLC decreased its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 8.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 728,459 shares of the business services provider’s stock after selling 70,806 shares during the quarter. Rathbones Group PLC’s holdings in Booz Allen Hamilton were worth $61,453,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of BAH. Vanguard Group Inc. raised its stake in shares of Booz Allen Hamilton by 4.4% in the third quarter. Vanguard Group Inc. now owns 13,719,306 shares of the business services provider’s stock valued at $1,371,245,000 after acquiring an additional 582,069 shares in the last quarter. AQR Capital Management LLC increased its holdings in Booz Allen Hamilton by 48.6% during the 3rd quarter. AQR Capital Management LLC now owns 3,812,243 shares of the business services provider’s stock worth $377,488,000 after purchasing an additional 1,246,451 shares during the period. First Trust Advisors LP increased its holdings in Booz Allen Hamilton by 10.6% during the 3rd quarter. First Trust Advisors LP now owns 3,571,053 shares of the business services provider’s stock worth $356,927,000 after purchasing an additional 342,252 shares during the period. Allspring Global Investments Holdings LLC raised its position in Booz Allen Hamilton by 8.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,545,572 shares of the business services provider’s stock valued at $216,094,000 after purchasing an additional 199,590 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Booz Allen Hamilton by 14.7% in the 2nd 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 purchasing an additional 293,603 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.
Booz Allen Hamilton Trading Down 0.1%
NYSE:BAH opened at $83.06 on Monday. Booz Allen Hamilton Holding Corporation has a 1 year low of $73.93 and a 1 year high of $130.91. The stock has a market cap of $10.02 billion, a P/E ratio of 12.34, a P/E/G ratio of 4.77 and a beta of 0.35. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.81 and a current ratio of 1.81. The stock has a 50-day simple moving average of $81.06 and a 200-day simple moving average of $87.61.
Booz Allen Hamilton Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were given a $0.59 dividend. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, February 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.8%. Booz Allen Hamilton’s payout ratio is 35.07%.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the company. UBS Group reissued a “neutral” rating and set a $97.00 price objective on shares of Booz Allen Hamilton in a research report on Tuesday, January 27th. Stifel Nicolaus raised their target price on shares of Booz Allen Hamilton from $106.00 to $115.00 and gave the company a “hold” rating in a report on Monday, January 26th. Truist Financial set a $98.00 price target on shares of Booz Allen Hamilton in a research note on Friday, January 23rd. Weiss Ratings downgraded shares of Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 23rd. Finally, DA Davidson set a $81.00 price objective on shares of Booz Allen Hamilton in a report on Tuesday, January 27th. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Booz Allen Hamilton currently has a consensus rating of “Reduce” and an average price target of $95.25.
About Booz Allen Hamilton
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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