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

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its position in Booz Allen Hamilton by 2.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 6,313 shares of the business services provider’s stock worth $1,028,000 after purchasing an additional 179 shares in the last quarter. FMR LLC grew its holdings in shares of Booz Allen Hamilton by 111.6% in the third quarter. FMR LLC now owns 356,828 shares of the business services provider’s stock valued at $58,077,000 after acquiring an additional 188,185 shares in the last quarter. Verition Fund Management LLC grew its holdings in shares of Booz Allen Hamilton by 93.8% in the third quarter. Verition Fund Management LLC now owns 15,249 shares of the business services provider’s stock valued at $2,482,000 after acquiring an additional 7,382 shares in the last quarter. Benjamin Edwards Inc. increased its position in shares of Booz Allen Hamilton by 590.0% during the third quarter. Benjamin Edwards Inc. now owns 21,762 shares of the business services provider’s stock valued at $3,543,000 after acquiring an additional 18,608 shares during the last quarter. Finally, Ascent Group LLC lifted its holdings in Booz Allen Hamilton by 6.7% during the third quarter. Ascent Group LLC now owns 4,686 shares of the business services provider’s stock worth $763,000 after acquiring an additional 296 shares during the period. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. 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. TD Cowen lowered their price objective on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Barclays upgraded shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 target price on the stock in a research note on Monday, January 6th. Raymond James upgraded shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price target for the company in a research note on Monday, February 3rd. Finally, Cantor Fitzgerald upgraded Booz Allen Hamilton to a “strong-buy” rating in a research note on Tuesday, February 25th. One 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’s stock. Based on data from MarketBeat.com, Booz Allen Hamilton has an average rating of “Hold” and an average price target of $158.27.

Booz Allen Hamilton Trading Up 4.9 %

NYSE:BAH opened at $112.63 on Thursday. 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 Holding Co. has a 1 year low of $101.05 and a 1 year high of $190.59. The company has a market cap of $14.26 billion, a P/E ratio of 16.79, a P/E/G ratio of 1.25 and a beta of 0.56. The stock’s fifty day moving average price is $116.42 and its two-hundred day moving average price is $139.35.

Booz Allen Hamilton (NYSE:BAH) last posted its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, beating 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%. 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 company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.95%. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, February 14th. Booz Allen Hamilton’s dividend payout ratio (DPR) 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.