Congress Wealth Management LLC DE Has $13.16 Million Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Congress Wealth Management LLC DE cut its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 102,232 shares of the business services provider’s stock after selling 5,182 shares during the period. Congress Wealth Management LLC DE’s holdings in Booz Allen Hamilton were worth $13,157,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Bogart Wealth LLC boosted its position in Booz Allen Hamilton by 387.5% during the fourth quarter. Bogart Wealth LLC now owns 195 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 155 shares during the last quarter. OFI Invest Asset Management bought a new stake in shares of Booz Allen Hamilton during the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Booz Allen Hamilton by 144.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider’s stock valued at $29,000 after buying an additional 134 shares during the last quarter. R Squared Ltd bought a new position in shares of Booz Allen Hamilton in the fourth quarter valued at $31,000. Finally, SRS Capital Advisors Inc. increased its holdings in Booz Allen Hamilton by 3,314.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider’s stock worth $31,000 after buying an additional 232 shares during the last quarter. Institutional investors own 91.82% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on BAH shares. TD Cowen cut their price target on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company cut their target price on shares of Booz Allen Hamilton from $180.00 to $164.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Barclays raised Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price target on the stock in a research report on Monday, January 6th. Cantor Fitzgerald raised Booz Allen Hamilton to a “strong-buy” rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. decreased their target price on Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating on the stock in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $158.27.

Booz Allen Hamilton Stock Performance

Shares of NYSE BAH opened at $105.15 on Tuesday. Booz Allen Hamilton Holding Co. has a one year low of $101.05 and a one year high of $190.59. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a market cap of $13.32 billion, a price-to-earnings ratio of 15.67, a P/E/G ratio of 1.25 and a beta of 0.56. The stock’s fifty day moving average price is $120.79 and its two-hundred day moving average price is $141.53.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, topping 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, equities analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.09%. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, February 14th. Booz Allen Hamilton’s payout ratio is presently 32.79%.

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.