Mariner LLC Sells 24,066 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Mariner LLC reduced its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 16.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,064 shares of the business services provider's stock after selling 24,066 shares during the quarter. Mariner LLC owned 0.10% of Booz Allen Hamilton worth $15,967,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bogart Wealth LLC grew its holdings in shares of Booz Allen Hamilton by 387.5% during the fourth quarter. Bogart Wealth LLC now owns 195 shares of the business services provider's stock worth $25,000 after buying an additional 155 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Booz Allen Hamilton in the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its holdings in Booz Allen Hamilton by 144.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock worth $29,000 after purchasing an additional 134 shares during the last quarter. SRS Capital Advisors Inc. grew its position in Booz Allen Hamilton by 3,314.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock valued at $31,000 after purchasing an additional 232 shares in the last quarter. Finally, R Squared Ltd bought a new stake in Booz Allen Hamilton during the 4th quarter worth about $31,000. 91.82% of the stock is owned by institutional investors and hedge funds.

Booz Allen Hamilton Stock Performance

BAH stock traded up $1.68 during trading hours on Tuesday, hitting $113.63. 245,401 shares of the stock were exchanged, compared to its average volume of 2,608,187. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72. The company has a 50-day simple moving average of $110.55 and a two-hundred day simple moving average of $134.14. Booz Allen Hamilton Holding Co. has a 12 month low of $101.05 and a 12 month high of $190.59. The firm has a market capitalization of $14.39 billion, a P/E ratio of 16.92, a P/E/G ratio of 1.25 and a beta of 0.58.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. On average, analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were issued a $0.55 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Booz Allen Hamilton's previous quarterly dividend of $0.51. This represents a $2.20 annualized dividend and a yield of 1.94%. Booz Allen Hamilton's payout ratio is currently 32.79%.

Analyst Upgrades and Downgrades

BAH has been the topic of a number of recent research reports. Truist Financial lowered their target price on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. TD Cowen lowered their target price on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $109.00 price target (down previously from $150.00) on shares of Booz Allen Hamilton in a research note on Friday, April 11th. JPMorgan Chase & Co. dropped their target price on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating on the stock in a report on Tuesday, April 15th. Finally, Wells Fargo & Company cut their price objective on Booz Allen Hamilton from $164.00 to $148.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $146.45.

About Booz Allen Hamilton

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.