Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN lowered its position in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 16.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 323,751 shares of the business services provider's stock after selling 63,760 shares during the quarter. Wells Fargo & Company MN owned approximately 0.26% of Booz Allen Hamilton worth $41,667,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bogart Wealth LLC grew its stake in shares of Booz Allen Hamilton by 387.5% during the fourth quarter. Bogart Wealth LLC now owns 195 shares of the business services provider's stock worth $25,000 after purchasing an additional 155 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Booz Allen Hamilton during the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC increased its holdings in shares of Booz Allen Hamilton by 144.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock valued at $29,000 after acquiring an additional 134 shares during the last quarter. R Squared Ltd purchased a new stake in Booz Allen Hamilton during the fourth quarter worth approximately $31,000. Finally, SRS Capital Advisors Inc. boosted its holdings in Booz Allen Hamilton by 3,314.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock valued at $31,000 after purchasing an additional 232 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BAH. Truist Financial lowered their target price on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a report on Monday. William Blair lowered Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Raymond James upgraded 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. Barclays upgraded Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 price target on the stock in a research note on Monday, January 6th. Finally, Wells Fargo & Company reduced their price objective on Booz Allen Hamilton from $164.00 to $148.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $146.45.

Booz Allen Hamilton Stock Performance

BAH traded down $1.42 during trading on Tuesday, hitting $110.61. The stock had a trading volume of 324,540 shares, compared to its average volume of 1,465,448. Booz Allen Hamilton Holding Co. has a twelve month low of $101.05 and a twelve month high of $190.59. The firm has a market capitalization of $14.01 billion, a P/E ratio of 16.52, a PEG ratio of 1.25 and a beta of 0.58. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. The company's 50-day moving average price is $111.95 and its 200 day moving average price is $135.88.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. On average, equities research analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.99%. 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. Booz Allen Hamilton's dividend payout ratio is currently 32.79%.

Booz Allen Hamilton 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.