Providence Capital Advisors LLC Has $7.12 Million Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Providence Capital Advisors LLC grew its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 0.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 55,280 shares of the business services provider’s stock after purchasing an additional 470 shares during the period. Booz Allen Hamilton comprises approximately 1.4% of Providence Capital Advisors LLC’s portfolio, making the stock its 17th biggest position. Providence Capital Advisors LLC’s holdings in Booz Allen Hamilton were worth $7,115,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Weik Capital Management purchased a new stake in shares of Booz Allen Hamilton in the fourth quarter worth $809,000. AKO Capital LLP bought a new stake in shares of Booz Allen Hamilton in the fourth quarter worth about $11,903,000. Norges Bank purchased a new position in Booz Allen Hamilton during the 4th quarter valued at about $196,578,000. JPMorgan Chase & Co. raised its position in Booz Allen Hamilton by 12.5% during the 4th 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. Finally, Elo Mutual Pension Insurance Co lifted its holdings in Booz Allen Hamilton by 26.4% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 14,536 shares of the business services provider’s stock worth $1,871,000 after buying an additional 3,037 shares during the period. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BAH has been the subject of several research reports. JPMorgan Chase & Co. decreased their target price on 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. Raymond James upgraded shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 target price on the stock in a report on Monday, February 3rd. UBS Group initiated coverage on shares of Booz Allen Hamilton in a research note on Monday, December 2nd. They set a “neutral” rating and a $159.00 price objective on the stock. StockNews.com downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Finally, Barclays raised Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price target on the stock in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $158.27.

Booz Allen Hamilton Stock Down 0.5 %

BAH stock opened at $105.80 on Friday. The stock has a market capitalization of $13.40 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. Booz Allen Hamilton Holding Co. has a one year low of $101.05 and a one year high of $190.59. The company has a fifty day moving average of $118.98 and a 200-day moving average of $140.72. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. As a group, analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were issued a $0.55 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.20 dividend on an annualized basis and a yield of 2.08%. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s dividend payout ratio (DPR) 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.