Bartlett & CO. Wealth Management LLC Grows Holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Bartlett & CO. Wealth Management LLC increased its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 8.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 583,987 shares of the business services provider's stock after acquiring an additional 44,398 shares during the quarter. Bartlett & CO. Wealth Management LLC owned approximately 0.46% of Booz Allen Hamilton worth $61,073,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BAH. JPMorgan Chase & Co. lifted its position in Booz Allen Hamilton by 12.5% during the 4th quarter. JPMorgan Chase & Co. now owns 4,518,386 shares of the business services provider's stock worth $581,516,000 after acquiring an additional 501,725 shares during the period. First Trust Advisors LP raised its stake in shares of Booz Allen Hamilton by 15.3% during the fourth quarter. First Trust Advisors LP now owns 2,804,642 shares of the business services provider's stock worth $360,957,000 after purchasing an additional 371,390 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Booz Allen Hamilton by 179.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider's stock worth $227,425,000 after purchasing an additional 1,135,426 shares during the period. Bessemer Group Inc. grew its position 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 last quarter. Finally, Bank of America Corp DE increased 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 buying an additional 590,655 shares during the period. Hedge funds and other institutional investors own 91.82% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Wall Street Zen cut shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Barclays reduced their price objective on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 28th. Wells Fargo & Company dropped their target price on Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. Truist Financial reduced their price target on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a report on Monday, April 14th. Finally, Raymond James Financial reaffirmed a "market perform" rating on shares of Booz Allen Hamilton in a report on Friday, May 23rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $134.64.

Booz Allen Hamilton Price Performance

NYSE BAH traded down $0.12 during mid-day trading on Friday, hitting $103.15. The stock had a trading volume of 3,780,248 shares, compared to its average volume of 1,741,302. The company has a 50 day simple moving average of $112.66 and a 200 day simple moving average of $118.20. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.90. The company has a market cap of $12.81 billion, a price-to-earnings ratio of 14.23, a P/E/G ratio of 1.58 and a beta of 0.49. Booz Allen Hamilton Holding Corporation has a 52-week low of $98.95 and a 52-week high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its quarterly earnings results on Friday, May 23rd. The business services provider reported $1.61 earnings per share for the quarter, beating analysts' consensus estimates of $1.59 by $0.02. Booz Allen Hamilton had a return on equity of 72.35% and a net margin of 7.81%. The business had revenue of $2.97 billion during the quarter, compared to analysts' expectations of $3.03 billion. During the same quarter last year, the business posted $1.33 earnings per share. The business's revenue for the quarter was up 7.3% on a year-over-year basis. Equities analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Wednesday, June 11th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Wednesday, June 11th. Booz Allen Hamilton's payout ratio is currently 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.