JPMorgan Chase & Co. Cuts Booz Allen Hamilton (NYSE:BAH) Price Target to $140.00

Booz Allen Hamilton (NYSE:BAH) had its price objective cut by JPMorgan Chase & Co. from $142.00 to $140.00 in a research report report published on Monday,Benzinga reports. They currently have an underweight rating on the business services provider’s stock.

Several other research firms have also recently weighed in on BAH. StockNews.com cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. UBS Group started coverage on shares of Booz Allen Hamilton in a research report on Monday, December 2nd. They issued a “neutral” rating and a $159.00 price target for the company. Truist Financial reduced their price target on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research report on Friday, November 22nd. Jefferies Financial Group cut Booz Allen Hamilton from a “buy” rating to a “hold” rating and raised their price target for the stock from $180.00 to $190.00 in a research report on Monday, November 4th. Finally, Wells Fargo & Company dropped their target price on shares of Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Booz Allen Hamilton currently has an average rating of “Hold” and an average target price of $158.80.

Booz Allen Hamilton Price Performance

NYSE:BAH opened at $129.51 on Monday. The firm’s fifty day moving average price is $135.43 and its two-hundred day moving average price is $150.35. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market cap of $16.55 billion, a P/E ratio of 19.30, a P/E/G ratio of 1.53 and a beta of 0.55. Booz Allen Hamilton has a one year low of $121.02 and a one year high of $190.59.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 70.51%. Equities analysts expect that Booz Allen Hamilton will post 6.32 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.70%. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Friday, February 14th. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 30.40%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BAH. Empirical Asset Management LLC acquired a new stake in Booz Allen Hamilton during the fourth quarter worth approximately $1,900,000. Blue Trust Inc. lifted its stake in Booz Allen Hamilton by 133.8% in the fourth quarter. Blue Trust Inc. now owns 6,566 shares of the business services provider’s stock valued at $845,000 after purchasing an additional 3,758 shares during the last quarter. Bartlett & CO. Wealth Management LLC lifted its position in shares of Booz Allen Hamilton by 1.6% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 539,589 shares of the business services provider’s stock worth $69,445,000 after acquiring an additional 8,365 shares in the last quarter. Cumberland Partners Ltd boosted its position in shares of Booz Allen Hamilton by 39.5% in the third quarter. Cumberland Partners Ltd now owns 51,675 shares of the business services provider’s stock valued at $8,411,000 after acquiring an additional 14,620 shares during the period. Finally, Toronto Dominion Bank increased its position in shares of Booz Allen Hamilton by 29.6% in the third quarter. Toronto Dominion Bank now owns 16,909 shares of the business services provider’s stock worth $2,752,000 after purchasing an additional 3,863 shares during the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

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.