Bartlett & CO. Wealth Management LLC Has $61.07 Million Stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Bartlett & CO. Wealth Management LLC lifted its position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 8.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 583,987 shares of the business services provider's stock after buying an additional 44,398 shares during the quarter. Bartlett & CO. Wealth Management LLC owned about 0.46% of Booz Allen Hamilton worth $61,073,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Diversified Trust Co raised its holdings in Booz Allen Hamilton by 14.7% in the 1st quarter. Diversified Trust Co now owns 9,043 shares of the business services provider's stock valued at $946,000 after acquiring an additional 1,159 shares in the last quarter. KPP Advisory Services LLC lifted its position in Booz Allen Hamilton by 61.6% during the first quarter. KPP Advisory Services LLC now owns 4,152 shares of the business services provider's stock worth $434,000 after purchasing an additional 1,583 shares during the period. Creative Financial Designs Inc. ADV grew its stake in Booz Allen Hamilton by 48.5% during the first quarter. Creative Financial Designs Inc. ADV now owns 389 shares of the business services provider's stock worth $41,000 after buying an additional 127 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in Booz Allen Hamilton by 199.0% during the first quarter. Sequoia Financial Advisors LLC now owns 6,362 shares of the business services provider's stock worth $665,000 after buying an additional 4,234 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in Booz Allen Hamilton by 15.3% in the 1st quarter. Bessemer Group Inc. now owns 1,710,181 shares of the business services provider's stock valued at $178,853,000 after buying an additional 226,761 shares during the period. Institutional investors own 91.82% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BAH. JPMorgan Chase & Co. decreased their price objective on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 15th. Stifel Nicolaus initiated coverage on Booz Allen Hamilton in a research note on Tuesday, June 24th. They issued a "hold" rating and a $112.00 price target on the stock. Wells Fargo & Company dropped their price objective on Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Raymond James Financial reiterated a "market perform" rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. Finally, Truist Financial lowered their target price on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $134.64.

Booz Allen Hamilton Trading Up 1.2%

BAH stock traded up $1.28 during trading on Monday, hitting $104.14. The company had a trading volume of 2,045,063 shares, compared to its average volume of 2,414,407. The business has a 50-day moving average of $112.45 and a 200-day moving average of $117.69. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.90. Booz Allen Hamilton Holding Corporation has a one year low of $98.95 and a one year high of $190.59. The stock has a market cap of $12.93 billion, a PE ratio of 14.36, a PEG ratio of 1.60 and a beta of 0.49.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its earnings results on Friday, May 23rd. The business services provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.59 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.03 billion. Booz Allen Hamilton had a net margin of 7.81% and a return on equity of 72.35%. Booz Allen Hamilton's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.33 EPS. Research analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Wednesday, June 11th were given a dividend of $0.55 per share. The ex-dividend date was Wednesday, June 11th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.11%. Booz Allen Hamilton's dividend payout ratio (DPR) is presently 30.34%.

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.