Cary Street Partners Financial LLC Makes New Investment in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Cary Street Partners Financial LLC bought a new stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 20,539 shares of the business services provider's stock, valued at approximately $2,643,000.

A number of other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in Booz Allen Hamilton in the fourth quarter valued at approximately $196,578,000. Raymond James Financial Inc. purchased a new position in shares of Booz Allen Hamilton during the 4th quarter valued at approximately $173,055,000. Bank of America Corp DE grew its stake in Booz Allen Hamilton by 61.4% in the 4th quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider's stock valued at $199,770,000 after acquiring an additional 590,655 shares during the period. Renaissance Technologies LLC raised its position in Booz Allen Hamilton by 1,111.3% during the fourth quarter. Renaissance Technologies LLC now owns 606,794 shares of the business services provider's stock worth $78,094,000 after acquiring an additional 556,700 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Booz Allen Hamilton by 12.5% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 91.82% of the company's stock.

Wall Street Analysts Forecast Growth

BAH has been the subject of several research analyst reports. Cantor Fitzgerald upgraded shares of Booz Allen Hamilton to a "strong-buy" rating in a research report on Tuesday, February 25th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $109.00 price target (down from $150.00) on shares of Booz Allen Hamilton in a research note on Friday, April 11th. Wells Fargo & Company reduced their price objective on Booz Allen Hamilton from $164.00 to $148.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Raymond James raised 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 research note on Monday, February 3rd. Finally, Truist Financial decreased their price target on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Booz Allen Hamilton currently has an average rating of "Hold" and an average price target of $146.45.

Booz Allen Hamilton Trading Up 0.5 %

Shares of NYSE BAH traded up $0.61 during midday trading on Friday, reaching $124.24. 991,077 shares of the stock were exchanged, compared to its average volume of 1,540,918. The stock has a market capitalization of $15.73 billion, a P/E ratio of 18.52, a PEG ratio of 1.25 and a beta of 0.56. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. The company has a 50 day simple moving average of $112.56 and a 200 day simple moving average of $130.47. Booz Allen Hamilton Holding Co. has a twelve month low of $101.05 and a twelve month high of $190.59.

Booz Allen Hamilton 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.