Swiss National Bank trimmed its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 364,900 shares of the business services provider's stock after selling 19,200 shares during the quarter. Swiss National Bank owned 0.29% of Booz Allen Hamilton worth $46,963,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in BAH. Peterson Financial Group Inc. acquired a new position in shares of Booz Allen Hamilton in the 3rd quarter worth approximately $31,000. Bogart Wealth LLC boosted its holdings 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 acquiring an additional 155 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Booz Allen Hamilton in the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC boosted 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 worth $29,000 after acquiring an additional 134 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its holdings in shares of Booz Allen Hamilton by 3,314.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock worth $31,000 after acquiring an additional 232 shares in the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms recently weighed in on BAH. TD Cowen dropped their price objective on shares of 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. Wells Fargo & Company dropped 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. UBS Group began coverage on shares of Booz Allen Hamilton in a research report on Monday, December 2nd. They issued a "neutral" rating and a $159.00 price objective for the company. StockNews.com cut shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. dropped their price objective 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $158.27.
Read Our Latest Analysis on BAH
Booz Allen Hamilton Trading Down 8.1 %
Shares of BAH traded down $9.11 during trading hours on Thursday, reaching $103.60. The stock had a trading volume of 4,975,879 shares, compared to its average volume of 1,249,088. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. Booz Allen Hamilton Holding Co. has a 52 week low of $101.82 and a 52 week high of $190.59. The firm has a 50-day moving average of $122.48 and a 200 day moving average of $142.75. The company has a market cap of $13.12 billion, a P/E ratio of 15.44, a P/E/G ratio of 1.25 and a beta of 0.56.
Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, topping 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 68.97%. On average, sell-side analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.
Booz Allen Hamilton Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were paid a $0.55 dividend. 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. This represents a $2.20 dividend on an annualized basis and a yield of 2.12%. Booz Allen Hamilton's dividend payout ratio is presently 32.79%.
About Booz Allen Hamilton
(
Free Report)
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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