Ellsworth Advisors LLC purchased a new stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,503 shares of the business services provider’s stock, valued at approximately $2,320,000.
A number of other hedge funds have also recently bought and sold shares of BAH. Rakuten Securities Inc. increased its holdings in Booz Allen Hamilton by 414.6% during the 2nd quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock worth $26,000 after purchasing an additional 199 shares during the last quarter. West Branch Capital LLC boosted its stake in shares of Booz Allen Hamilton by 58.3% during the 3rd quarter. West Branch Capital LLC now owns 285 shares of the business services provider’s stock valued at $28,000 after buying an additional 105 shares during the last quarter. Cornerstone Planning Group LLC grew its position in shares of Booz Allen Hamilton by 244.0% during the third quarter. Cornerstone Planning Group LLC now owns 289 shares of the business services provider’s stock worth $29,000 after buying an additional 205 shares in the last quarter. Fulcrum Asset Management LLP bought a new stake in shares of Booz Allen Hamilton in the third quarter worth $32,000. Finally, Aventura Private Wealth LLC bought a new stake in shares of Booz Allen Hamilton in the fourth quarter worth $27,000. Institutional investors and hedge funds own 91.82% of the company’s stock.
Booz Allen Hamilton Price Performance
Shares of NYSE:BAH opened at $80.45 on Thursday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 3.76. Booz Allen Hamilton Holding Corporation has a fifty-two week low of $73.93 and a fifty-two week high of $130.91. The firm has a 50-day simple moving average of $81.70 and a 200 day simple moving average of $87.97. The company has a market cap of $9.70 billion, a PE ratio of 11.95, a P/E/G ratio of 4.58 and a beta of 0.37.
Booz Allen Hamilton Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 13th were given a $0.59 dividend. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.55. This represents a $2.36 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, February 13th. Booz Allen Hamilton’s dividend payout ratio is 35.07%.
Wall Street Analysts Forecast Growth
BAH has been the topic of a number of research analyst reports. Truist Financial set a $98.00 price objective on shares of Booz Allen Hamilton in a research note on Friday, January 23rd. UBS Group restated a “neutral” rating and issued a $97.00 target price on shares of Booz Allen Hamilton in a research note on Tuesday, January 27th. Citigroup lifted their price target on Booz Allen Hamilton from $93.00 to $109.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Jefferies Financial Group lowered their price objective on Booz Allen Hamilton from $100.00 to $95.00 and set a “hold” rating for the company in a report on Thursday, December 18th. Finally, Stifel Nicolaus increased their target price on Booz Allen Hamilton from $106.00 to $115.00 and gave the stock a “hold” rating in a report on Monday, January 26th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $97.08.
Get Our Latest Research Report on BAH
Booz Allen Hamilton Profile
Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.
Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.
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