Corient Private Wealth LLC Raises Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Corient Private Wealth LLC boosted its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 12.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,868 shares of the business services provider's stock after buying an additional 5,655 shares during the quarter. Corient Private Wealth LLC's holdings in Booz Allen Hamilton were worth $6,547,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of BAH. Bogart Wealth LLC lifted its stake in shares of Booz Allen Hamilton by 387.5% in the 4th quarter. Bogart Wealth LLC now owns 195 shares of the business services provider's stock worth $25,000 after purchasing an additional 155 shares during the period. OFI Invest Asset Management purchased a new position in shares of Booz Allen Hamilton during the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC increased its stake in 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 worth $29,000 after buying an additional 134 shares in the last quarter. R Squared Ltd bought a new stake in Booz Allen Hamilton during the fourth quarter valued at about $31,000. Finally, SRS Capital Advisors Inc. lifted its position in shares of 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 acquiring an additional 232 shares in the last quarter. Institutional investors own 91.82% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BAH. TD Cowen cut their price objective 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. Barclays upgraded Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 price target for the company in a report on Monday, January 6th. Raymond James raised Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price objective on the stock in a report on Monday, February 3rd. Cantor Fitzgerald upgraded shares of Booz Allen Hamilton to a "strong-buy" rating in a research report on Tuesday, February 25th. Finally, Wells Fargo & Company lowered their price objective on shares of Booz Allen Hamilton from $180.00 to $164.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Booz Allen Hamilton has a consensus rating of "Hold" and a consensus target price of $158.27.

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Booz Allen Hamilton Stock Up 1.2 %

NYSE BAH traded up $1.27 during midday trading on Tuesday, hitting $106.44. 1,950,156 shares of the company traded hands, compared to its average volume of 1,277,833. Booz Allen Hamilton Holding Co. has a 52 week low of $101.05 and a 52 week high of $190.59. The company's 50-day simple moving average is $120.79 and its 200-day simple moving average is $141.53. The company has a market cap of $13.48 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 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%. As a group, equities research analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current 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 was Friday, February 14th. This represents a $2.20 annualized dividend and a dividend yield of 2.07%. This is an increase from Booz Allen Hamilton's previous quarterly dividend of $0.51. Booz Allen Hamilton's dividend payout ratio is 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.