IFP Advisors Inc raised its position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 16.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,042 shares of the business services provider’s stock after purchasing an additional 149 shares during the period. IFP Advisors Inc’s holdings in Booz Allen Hamilton were worth $109,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of BAH. Brooklyn Investment Group boosted its stake in Booz Allen Hamilton by 102.8% during the 1st quarter. Brooklyn Investment Group now owns 294 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 149 shares during the period. WPG Advisers LLC acquired a new position in Booz Allen Hamilton during the 1st quarter valued at about $35,000. Ransom Advisory Ltd acquired a new position in Booz Allen Hamilton during the 1st quarter valued at about $35,000. Banque Cantonale Vaudoise acquired a new position in Booz Allen Hamilton during the 1st quarter valued at about $37,000. Finally, Creative Financial Designs Inc. ADV boosted its stake in Booz Allen Hamilton by 48.5% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 389 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 127 shares during the period. 91.82% of the stock is owned by institutional investors and hedge funds.
Booz Allen Hamilton Stock Up 0.8%
BAH stock opened at $98.09 on Monday. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.78 and a quick ratio of 1.78. The firm has a market cap of $12.09 billion, a PE ratio of 12.05, a P/E/G ratio of 1.53 and a beta of 0.42. Booz Allen Hamilton Holding Corporation has a 12 month low of $95.00 and a 12 month high of $190.59. The firm has a 50 day simple moving average of $103.85 and a 200 day simple moving average of $108.48.
Booz Allen Hamilton Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Thursday, August 14th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Thursday, August 14th. Booz Allen Hamilton’s dividend payout ratio is 27.03%.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. Zacks Research lowered shares of Booz Allen Hamilton from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. JPMorgan Chase & Co. upped their price target on shares of Booz Allen Hamilton from $115.00 to $122.00 and gave the stock an “underweight” rating in a research note on Monday, July 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Booz Allen Hamilton in a research note on Wednesday, October 8th. Cowen lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Friday. Finally, TD Cowen reaffirmed a “hold” rating and issued a $105.00 price target (down from $125.00) on shares of Booz Allen Hamilton in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Booz Allen Hamilton has a consensus rating of “Hold” and a consensus price target of $129.45.
Read Our Latest Report on Booz Allen Hamilton
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.
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