Rathbones Group PLC Purchases 97,737 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Rathbones Group PLC boosted its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 21.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 547,271 shares of the business services provider’s stock after purchasing an additional 97,737 shares during the quarter. Rathbones Group PLC owned about 0.43% of Booz Allen Hamilton worth $70,434,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its stake in shares of Booz Allen Hamilton by 2.9% in the third quarter. The Manufacturers Life Insurance Company now owns 6,313 shares of the business services provider’s stock worth $1,028,000 after buying an additional 179 shares in the last quarter. HighTower Advisors LLC boosted its stake in Booz Allen Hamilton by 5.6% during the 3rd quarter. HighTower Advisors LLC now owns 57,870 shares of the business services provider’s stock valued at $9,405,000 after purchasing an additional 3,078 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Booz Allen Hamilton in the 3rd quarter worth $225,000. IHT Wealth Management LLC raised its stake in shares of Booz Allen Hamilton by 9.1% in the third quarter. IHT Wealth Management LLC now owns 3,209 shares of the business services provider’s stock worth $523,000 after purchasing an additional 268 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in shares of Booz Allen Hamilton by 5.6% during the third quarter. Quantinno Capital Management LP now owns 4,931 shares of the business services provider’s stock valued at $803,000 after purchasing an additional 261 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BAH shares. TD Cowen decreased their target price on Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Raymond James raised Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 target price on the stock in a research report on Monday, February 3rd. The Goldman Sachs Group reduced their price target on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Cantor Fitzgerald upgraded shares of Booz Allen Hamilton to a “strong-buy” rating in a research report on Tuesday, February 25th. Finally, Barclays raised Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 target price on the stock in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $158.27.

Booz Allen Hamilton Price Performance

Shares of Booz Allen Hamilton stock opened at $109.07 on Monday. The stock has a 50 day moving average of $115.43 and a 200 day moving average of $138.59. Booz Allen Hamilton Holding Co. has a 12 month low of $101.05 and a 12 month high of $190.59. The firm has a market cap of $13.81 billion, a PE ratio of 16.26, a PEG ratio of 1.25 and a beta of 0.58. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. On average, research analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.02%. Booz Allen Hamilton’s payout ratio is 32.79%.

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 focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.