Kestra Private Wealth Services LLC Makes New Investment in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Key Points

• Kestra Private Wealth Services LLC has bought a new position in Booz Allen Hamilton, acquiring 2,452 shares valued at approximately $256,000.
• Booz Allen Hamilton recently announced a quarterly dividend of $0.55 per share, representing an annualized yield of 2.05%.
• Analyst ratings for Booz Allen Hamilton are mixed, with an average rating of "Hold" and a target price around $134.00.

Kestra Private Wealth Services LLC bought a new stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,452 shares of the business services provider's stock, valued at approximately $256,000.

Other institutional investors have also modified their holdings of the company. LPL Financial LLC grew its position in Booz Allen Hamilton by 17.1% in the 4th quarter. LPL Financial LLC now owns 107,690 shares of the business services provider's stock valued at $13,860,000 after buying an additional 15,756 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Booz Allen Hamilton by 6.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 91,915 shares of the business services provider's stock valued at $12,126,000 after buying an additional 5,651 shares during the last quarter. Norges Bank purchased a new position in Booz Allen Hamilton in the 4th quarter valued at $196,578,000. Nomura Asset Management Co. Ltd. boosted its position in shares of Booz Allen Hamilton by 98.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 73,532 shares of the business services provider's stock worth $9,464,000 after purchasing an additional 36,505 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its position in shares of Booz Allen Hamilton by 10.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 52,834 shares of the business services provider's stock worth $6,800,000 after purchasing an additional 5,161 shares in the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on BAH shares. UBS Group boosted their target price on shares of Booz Allen Hamilton from $115.00 to $119.00 and gave the stock a "neutral" rating in a research report on Monday. Wall Street Zen lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. The Goldman Sachs Group lowered shares of Booz Allen Hamilton from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $108.00 to $94.00 in a research report on Wednesday, May 28th. Raymond James Financial restated a "market perform" rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Booz Allen Hamilton from $115.00 to $122.00 and gave the stock an "underweight" rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Booz Allen Hamilton currently has a consensus rating of "Hold" and an average price target of $134.00.

Booz Allen Hamilton Trading Up 0.9%

Shares of NYSE BAH traded up $0.96 on Friday, reaching $108.29. 589,406 shares of the company traded hands, compared to its average volume of 2,360,310. Booz Allen Hamilton Holding Corporation has a fifty-two week low of $98.95 and a fifty-two week high of $190.59. The company has a 50 day moving average of $105.83 and a 200 day moving average of $114.16. The company has a current ratio of 1.78, a quick ratio of 1.79 and a debt-to-equity ratio of 3.66. The stock has a market capitalization of $13.35 billion, a PE ratio of 13.31, a P/E/G ratio of 1.68 and a beta of 0.48.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The business services provider reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.03. Booz Allen Hamilton had a net margin of 8.70% and a return on equity of 73.05%. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the prior year, the company posted $1.38 EPS. The company's quarterly revenue was down .6% compared to the same quarter last year. On average, equities research analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Thursday, August 14th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Thursday, August 14th. Booz Allen Hamilton's dividend payout ratio is currently 27.03%.

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.