Charles Schwab Investment Management Inc. raised its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH – Free Report) by 0.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 793,299 shares of the business services provider’s stock after buying an additional 3,885 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Booz Allen Hamilton were worth $86,684,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the business. Janiczek Wealth Management LLC acquired a new stake in Booz Allen Hamilton during the 3rd quarter valued at $25,000. Headlands Technologies LLC purchased a new position in shares of Booz Allen Hamilton during the 2nd quarter valued at $29,000. DHJJ Financial Advisors Ltd. acquired a new position in shares of Booz Allen Hamilton in the third quarter worth $34,000. IFP Advisors Inc raised its holdings in shares of Booz Allen Hamilton by 29.4% during the second quarter. IFP Advisors Inc now owns 1,105 shares of the business services provider’s stock worth $50,000 after acquiring an additional 251 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its position in Booz Allen Hamilton by 29.2% during the first quarter. First Horizon Advisors Inc. now owns 686 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 155 shares during the last quarter. Institutional investors and hedge funds own 90.32% of the company’s stock.
Booz Allen Hamilton Stock Performance
Shares of NYSE BAH opened at $146.69 on Monday. Booz Allen Hamilton Holding Co. has a 12 month low of $87.99 and a 12 month high of $147.52. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 3.10. The company has a market cap of $19.03 billion, a P/E ratio of 47.32, a P/E/G ratio of 2.24 and a beta of 0.54. The business’s 50 day moving average is $130.78 and its two-hundred day moving average is $123.44.
Booz Allen Hamilton Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Monday, February 12th will be paid a $0.51 dividend. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, February 9th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.39%. Booz Allen Hamilton’s dividend payout ratio is currently 60.65%.
Insider Transactions at Booz Allen Hamilton
In other Booz Allen Hamilton news, COO Kristine Anderson sold 5,068 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $139.88, for a total transaction of $708,911.84. Following the completion of the transaction, the chief operating officer now owns 71,656 shares in the company, valued at $10,023,241.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.76% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on BAH shares. JPMorgan Chase & Co. upped their target price on Booz Allen Hamilton from $120.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. The Goldman Sachs Group boosted their price target on Booz Allen Hamilton from $141.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Wells Fargo & Company raised their price objective on shares of Booz Allen Hamilton from $138.00 to $158.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 30th. Barclays cut shares of Booz Allen Hamilton from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 5th. Finally, Truist Financial increased their price target on shares of Booz Allen Hamilton from $120.00 to $145.00 and gave the stock a “hold” rating in a research note on Monday, January 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $139.56.
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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.
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