FourThought Financial LLC increased its position in Booz Allen Hamilton Holding Co. (NYSE:BAH – Get Rating) by 38.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,314 shares of the business services provider’s stock after acquiring an additional 363 shares during the quarter. FourThought Financial LLC’s holdings in Booz Allen Hamilton were worth $121,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. YHB Investment Advisors Inc. raised its holdings in Booz Allen Hamilton by 0.5% in the 3rd quarter. YHB Investment Advisors Inc. now owns 21,486 shares of the business services provider’s stock worth $1,984,000 after acquiring an additional 100 shares during the period. Utah Retirement Systems raised its holdings in Booz Allen Hamilton by 0.4% in the 3rd quarter. Utah Retirement Systems now owns 23,441 shares of the business services provider’s stock worth $2,165,000 after acquiring an additional 100 shares during the period. Resonant Capital Advisors LLC raised its holdings in Booz Allen Hamilton by 1.5% in the 3rd quarter. Resonant Capital Advisors LLC now owns 7,098 shares of the business services provider’s stock worth $656,000 after acquiring an additional 105 shares during the period. Cetera Investment Advisers raised its holdings in Booz Allen Hamilton by 2.1% in the 2nd quarter. Cetera Investment Advisers now owns 5,577 shares of the business services provider’s stock worth $504,000 after acquiring an additional 113 shares during the period. Finally, CENTRAL TRUST Co raised its holdings in Booz Allen Hamilton by 2.4% in the 3rd quarter. CENTRAL TRUST Co now owns 4,952 shares of the business services provider’s stock worth $457,000 after acquiring an additional 115 shares during the period. Institutional investors own 90.68% of the company’s stock.
Analysts Set New Price Targets
BAH has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on shares of Booz Allen Hamilton from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, February 1st. Morgan Stanley dropped their price objective on shares of Booz Allen Hamilton from $118.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, February 2nd. Finally, StockNews.com began coverage on shares of Booz Allen Hamilton in a report on Thursday. They set a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $104.33.
Booz Allen Hamilton Stock Performance
Booz Allen Hamilton Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Friday, February 10th were paid a $0.47 dividend. The ex-dividend date of this dividend was Thursday, February 9th. This represents a $1.88 dividend on an annualized basis and a yield of 2.12%. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.43. Booz Allen Hamilton’s payout ratio is presently 58.39%.
Booz Allen Hamilton Company Profile
Booz Allen Hamilton Holding Corp. engages in the provision of management and technology consulting services. It offers analytics, digital solutions, engineering, and cyber expertise. The company was founded by Edwin Booz in 1914 and is headquartered in McLean, VA.
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