Creative Planning increased its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH – Get Rating) by 27.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,385 shares of the business services provider's stock after purchasing an additional 1,361 shares during the quarter. Creative Planning's holdings in Booz Allen Hamilton were worth $590,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BAH. Argent Capital Management LLC increased its position in Booz Allen Hamilton by 2,570.9% during the 2nd quarter. Argent Capital Management LLC now owns 864,188 shares of the business services provider's stock worth $78,088,000 after purchasing an additional 831,832 shares in the last quarter. Close Asset Management Ltd purchased a new stake in Booz Allen Hamilton in the 2nd quarter valued at about $56,664,000. Wellington Management Group LLP grew its holdings in Booz Allen Hamilton by 27.8% in the 1st quarter. Wellington Management Group LLP now owns 1,459,668 shares of the business services provider's stock valued at $128,219,000 after buying an additional 317,646 shares during the period. Invesco Ltd. grew its holdings in Booz Allen Hamilton by 81.7% in the 1st quarter. Invesco Ltd. now owns 681,952 shares of the business services provider's stock valued at $59,903,000 after buying an additional 306,720 shares during the period. Finally, Korea Investment CORP grew its holdings in Booz Allen Hamilton by 473.1% in the 2nd quarter. Korea Investment CORP now owns 312,898 shares of the business services provider's stock valued at $28,273,000 after buying an additional 258,298 shares during the period. Hedge funds and other institutional investors own 90.68% of the company's stock.
Get Booz Allen Hamilton alerts:Analyst Upgrades and Downgrades
Several analysts have commented on the company. Raymond James cut Booz Allen Hamilton from an "outperform" rating to a "market perform" rating and set a $99.00 price target for the company. in a report on Wednesday, October 19th. StockNews.com cut Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Monday. Truist Financial boosted their target price on Booz Allen Hamilton from $100.00 to $106.00 and gave the stock a "hold" rating in a report on Monday, October 31st. Wells Fargo & Company boosted their target price on Booz Allen Hamilton from $109.00 to $110.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, Morgan Stanley boosted their target price on Booz Allen Hamilton from $110.00 to $118.00 and gave the stock an "overweight" rating in a report on Tuesday, January 3rd. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $103.10.
Booz Allen Hamilton Stock Performance
Shares of BAH opened at $95.37 on Thursday. The business's 50 day moving average is $101.57 and its two-hundred day moving average is $99.57. Booz Allen Hamilton Holding Co. has a 52-week low of $69.68 and a 52-week high of $112.55. The firm has a market cap of $12.62 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 2.40 and a beta of 0.65. The company has a quick ratio of 1.81, a current ratio of 1.44 and a debt-to-equity ratio of 2.31.Booz Allen Hamilton Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Friday, February 10th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.97%. This is a positive change from Booz Allen Hamilton's previous quarterly dividend of $0.43. The ex-dividend date is Thursday, February 9th. Booz Allen Hamilton's dividend payout ratio is presently 43.65%.
About Booz Allen Hamilton
(Get Rating)
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.
Featured Articles
- Get a free copy of the StockNews.com research report on Booz Allen Hamilton (BAH)
- Bed Bath & Beyond Is Circling the Drain
- Allegro Microsystems Is A Well-Positioned Semiconductor Stock
- Scotts Miracle-Gro Hits Bottom, Reversal In Play
- Altria is a Great Recession Stock, Long-Term Outlook Uncertain
- Novavax Shares Jumped in January While Others Slipped
Want to see what other hedge funds are holding BAH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booz Allen Hamilton Holding Co. (NYSE:BAH – Get Rating).
Receive News & Ratings for Booz Allen Hamilton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booz Allen Hamilton and related companies with MarketBeat.com's FREE daily email newsletter.