DAVENPORT & Co LLC Has $6.41 Million Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

DAVENPORT & Co LLC boosted its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 45.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,798 shares of the business services provider's stock after buying an additional 15,592 shares during the period. DAVENPORT & Co LLC's holdings in Booz Allen Hamilton were worth $6,405,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Algert Global LLC acquired a new position in Booz Allen Hamilton during the second quarter valued at $434,000. Creative Planning boosted its position in Booz Allen Hamilton by 16.7% during the 2nd quarter. Creative Planning now owns 6,727 shares of the business services provider's stock worth $1,035,000 after acquiring an additional 962 shares during the period. Sanctuary Advisors LLC purchased a new position in Booz Allen Hamilton during the 2nd quarter valued at about $2,289,000. Diversified Trust Co increased its holdings in shares of Booz Allen Hamilton by 153.4% in the 3rd quarter. Diversified Trust Co now owns 5,318 shares of the business services provider's stock valued at $866,000 after purchasing an additional 3,219 shares during the period. Finally, Fulton Bank N.A. lifted its position in shares of Booz Allen Hamilton by 3.4% in the third quarter. Fulton Bank N.A. now owns 5,761 shares of the business services provider's stock worth $938,000 after purchasing an additional 189 shares in the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on BAH shares. The Goldman Sachs Group dropped their price objective on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a "buy" rating on the stock in a research note on Thursday, December 12th. StockNews.com downgraded shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Thursday, December 5th. Truist Financial reduced their price objective on Booz Allen Hamilton from $185.00 to $155.00 and set a "hold" rating for the company in a research report on Friday, November 22nd. TD Cowen dropped their target price on Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company cut their price target on Booz Allen Hamilton from $177.00 to $171.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $158.91.

Booz Allen Hamilton Stock Performance

Booz Allen Hamilton stock traded down $1.24 during trading hours on Friday, reaching $127.92. 1,977,039 shares of the company were exchanged, compared to its average volume of 2,013,842. Booz Allen Hamilton Holding Co. has a 12 month low of $121.02 and a 12 month high of $190.59. The firm has a market cap of $16.20 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 1.53 and a beta of 0.55. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76. The stock has a 50-day moving average of $134.36 and a 200 day moving average of $149.88.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 70.51%. As a group, research analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.32 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Friday, February 14th. This is a boost from Booz Allen Hamilton's previous quarterly dividend of $0.51. Booz Allen Hamilton's payout ratio is currently 32.79%.

About Booz Allen Hamilton

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.