BlackRock Inc. grew its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 22.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,163,902 shares of the business services provider’s stock after acquiring an additional 1,853,333 shares during the quarter. BlackRock Inc. owned about 0.07% of Booz Allen Hamilton worth $504,433,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Booz Allen Hamilton during the second quarter valued at approximately $144,000. Steward Partners Investment Advisory LLC grew its holdings in Booz Allen Hamilton by 85.3% during the third quarter. Steward Partners Investment Advisory LLC now owns 3,814 shares of the business services provider’s stock worth $189,000 after buying an additional 1,756 shares in the last quarter. Fiduciary Trust Co. bought a new stake in Booz Allen Hamilton during the second quarter worth $208,000. Tower Research Capital LLC TRC bought a new stake in Booz Allen Hamilton during the second quarter worth $213,000. Finally, Greenleaf Trust bought a new stake in Booz Allen Hamilton during the second quarter worth $215,000. Hedge funds and other institutional investors own 93.38% of the company’s stock.
Shares of Booz Allen Hamilton stock opened at $48.58 on Friday. Booz Allen Hamilton Holding Co. has a 12-month low of $35.21 and a 12-month high of $52.88. The firm has a market cap of $7.05 billion, a P/E ratio of 24.17, a P/E/G ratio of 1.30 and a beta of 1.13. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 2.67.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Wednesday, November 14th were given a $0.19 dividend. The ex-dividend date was Tuesday, November 13th. This represents a $0.76 annualized dividend and a yield of 1.56%. Booz Allen Hamilton’s dividend payout ratio is currently 37.81%.
Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a report on Monday, October 1st. Drexel Hamilton reiterated a “hold” rating on shares of Booz Allen Hamilton in a report on Monday, October 29th. Wells Fargo & Co upped their price target on Booz Allen Hamilton from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Tuesday, October 30th. Citigroup upped their price target on Booz Allen Hamilton from $46.00 to $52.00 and gave the stock a “neutral” rating in a report on Tuesday, October 30th. Finally, Raymond James upped their price target on Booz Allen Hamilton from $53.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, October 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. Booz Allen Hamilton has a consensus rating of “Buy” and an average target price of $53.22.
About Booz Allen Hamilton
Booz Allen Hamilton Holding Corporation provides management and technology consulting, engineering, analytics, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations.
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