Grant Private Wealth Management Inc Purchases Shares of 2,600 Booz Allen Hamilton Holding Co. (NYSE:BAH)

Grant Private Wealth Management Inc purchased a new position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,600 shares of the business services provider's stock, valued at approximately $335,000.

A number of other hedge funds have also recently added to or reduced their stakes in BAH. JPMorgan Chase & Co. grew its stake in shares of Booz Allen Hamilton by 12.5% during the fourth quarter. JPMorgan Chase & Co. now owns 4,518,386 shares of the business services provider's stock valued at $581,516,000 after purchasing an additional 501,725 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Booz Allen Hamilton by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,341,533 shares of the business services provider's stock worth $381,898,000 after buying an additional 58,038 shares in the last quarter. Norges Bank bought a new position in Booz Allen Hamilton in the 4th quarter valued at $196,578,000. Raymond James Financial Inc. acquired a new stake in shares of Booz Allen Hamilton in the 4th quarter valued at $173,055,000. Finally, Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Booz Allen Hamilton by 11.8% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,342,528 shares of the business services provider's stock worth $184,347,000 after acquiring an additional 141,541 shares during the last quarter. Institutional investors own 91.82% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on BAH shares. Raymond James upgraded Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price objective for the company in a research report on Monday, February 3rd. William Blair cut shares of Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. dropped their target price on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an "underweight" rating for the company in a research report on Monday, February 3rd. The Goldman Sachs Group dropped their price objective on Booz Allen Hamilton from $210.00 to $158.00 and set a "buy" rating for the company in a report on Thursday, December 12th. Finally, Barclays upgraded Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 target price for the company in a research report on Monday, January 6th. 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. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $158.27.

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Booz Allen Hamilton Stock Down 0.2 %

Shares of Booz Allen Hamilton stock traded down $0.18 on Tuesday, hitting $107.19. The company had a trading volume of 989,226 shares, compared to its average volume of 1,409,577. Booz Allen Hamilton Holding Co. has a twelve month low of $101.05 and a twelve month high of $190.59. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a 50-day moving average of $114.87 and a 200-day moving average of $138.24. The firm has a market capitalization of $13.58 billion, a P/E ratio of 15.94, a P/E/G ratio of 1.25 and a beta of 0.58.

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

Booz Allen Hamilton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were paid a $0.55 dividend. This is a boost from Booz Allen Hamilton's previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.20 annualized dividend and a yield of 2.05%. Booz Allen Hamilton's payout ratio is presently 32.79%.

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.