Kingsview Wealth Management LLC boosted its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 25.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 122,339 shares of the business services provider’s stock after buying an additional 24,560 shares during the period. Kingsview Wealth Management LLC owned approximately 0.10% of Booz Allen Hamilton worth $12,228,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Rakuten Securities Inc. lifted its stake in Booz Allen Hamilton by 414.6% during the 2nd quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 199 shares in the last quarter. West Branch Capital LLC boosted its holdings in Booz Allen Hamilton by 58.3% during the third 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 increased its stake in Booz Allen Hamilton by 244.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 289 shares of the business services provider’s stock valued at $29,000 after buying an additional 205 shares during the last quarter. Golden State Wealth Management LLC lifted its position in shares of Booz Allen Hamilton by 244.9% during the 2nd quarter. Golden State Wealth Management LLC now owns 338 shares of the business services provider’s stock worth $35,000 after buying an additional 240 shares in the last quarter. Finally, Eastern Bank bought a new position in shares of Booz Allen Hamilton during the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.
Booz Allen Hamilton Stock Down 1.2%
Shares of NYSE BAH opened at $78.79 on Monday. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.81 and a quick ratio of 1.81. The stock has a market capitalization of $9.50 billion, a PE ratio of 11.71, a P/E/G ratio of 4.63 and a beta of 0.37. Booz Allen Hamilton Holding Corporation has a one year low of $73.93 and a one year high of $130.91. The business’s fifty day moving average price is $87.01 and its 200-day moving average price is $92.43.
Booz Allen Hamilton Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, February 13th. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.55. Booz Allen Hamilton’s dividend payout ratio is currently 35.07%.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on BAH shares. DA Davidson set a $81.00 target price on Booz Allen Hamilton in a report on Tuesday, January 27th. Truist Financial set a $98.00 price objective on Booz Allen Hamilton in a research note on Friday, January 23rd. Weiss Ratings cut Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 13th. 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. Finally, Jefferies Financial Group decreased their price objective on shares of Booz Allen Hamilton from $100.00 to $95.00 and set a “hold” rating for the company in a report on Thursday, December 18th. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $101.25.
Get Our Latest Stock Report on BAH
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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