Elevation Point Wealth Partners LLC lowered its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 61.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,407 shares of the business services provider’s stock after selling 13,446 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Booz Allen Hamilton were worth $840,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Greenleaf Trust grew its holdings in shares of Booz Allen Hamilton by 5.2% during the 3rd quarter. Greenleaf Trust now owns 2,082 shares of the business services provider’s stock valued at $208,000 after purchasing an additional 102 shares during the last quarter. West Branch Capital LLC lifted its stake in Booz Allen Hamilton by 58.3% in the 3rd quarter. West Branch Capital LLC now owns 285 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 105 shares during the last quarter. Security National Bank of SO Dak boosted its position in Booz Allen Hamilton by 0.6% in the third quarter. Security National Bank of SO Dak now owns 18,184 shares of the business services provider’s stock valued at $1,817,000 after buying an additional 110 shares in the last quarter. KPP Advisory Services LLC grew its stake in shares of Booz Allen Hamilton by 2.5% during the third quarter. KPP Advisory Services LLC now owns 5,119 shares of the business services provider’s stock worth $512,000 after buying an additional 123 shares during the last quarter. Finally, Aviso Financial Inc. grew its stake in shares of Booz Allen Hamilton by 4.8% during the second quarter. Aviso Financial Inc. now owns 2,693 shares of the business services provider’s stock worth $280,000 after buying an additional 124 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.
Booz Allen Hamilton Stock Performance
Shares of Booz Allen Hamilton stock opened at $75.76 on Tuesday. The stock has a market cap of $9.14 billion, a price-to-earnings ratio of 11.26, a P/E/G ratio of 4.59 and a beta of 0.37. Booz Allen Hamilton Holding Corporation has a twelve month low of $73.93 and a twelve month high of $130.91. The company’s fifty day moving average is $85.48 and its 200 day moving average is $90.03. 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 Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were paid a $0.59 dividend. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.55. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, February 13th. Booz Allen Hamilton’s payout ratio is presently 35.07%.
Analyst Ratings Changes
A number of research analysts have recently commented on the company. Citigroup increased their price target on Booz Allen Hamilton from $93.00 to $109.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Truist Financial set a $98.00 price objective on Booz Allen Hamilton in a research report on Friday, January 23rd. Weiss Ratings raised Booz Allen Hamilton from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, March 4th. UBS Group reissued a “neutral” rating and set a $97.00 price target on shares of Booz Allen Hamilton in a research note on Tuesday, January 27th. Finally, Jefferies Financial Group reduced their price target on Booz Allen Hamilton from $100.00 to $95.00 and set a “hold” rating on the stock in a report on Thursday, December 18th. Two investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $101.25.
Check Out Our Latest Stock Analysis 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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