National Wealth Management Group LLC Makes New $205,000 Investment in Booz Allen Hamilton Holding Co. (NYSE:BAH)

National Wealth Management Group LLC purchased a new position in Booz Allen Hamilton Holding Co. (NYSE:BAH) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 1,590 shares of the business services provider’s stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings in Booz Allen Hamilton by 12.5% in the fourth quarter. JPMorgan Chase & Co. now owns 4,518,386 shares of the business services provider’s stock worth $581,516,000 after buying an additional 501,725 shares during the last quarter. Geode Capital Management LLC raised its holdings in Booz Allen Hamilton by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,341,533 shares of the business services provider’s stock worth $381,898,000 after acquiring an additional 58,038 shares during the last quarter. Norges Bank bought a new position in Booz Allen Hamilton in the 4th quarter valued at approximately $196,578,000. Raymond James Financial Inc. purchased a new stake in Booz Allen Hamilton during the 4th quarter valued at $173,055,000. Finally, Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of Booz Allen Hamilton by 11.8% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,342,528 shares of the business services provider’s stock worth $184,347,000 after purchasing an additional 141,541 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Wall Street Analysts Forecast Growth

BAH has been the topic of a number of research analyst reports. TD Cowen lowered their price target on Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. William Blair cut shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. Wells Fargo & Company reduced their price target 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. The Goldman Sachs Group lowered their price objective on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Finally, Raymond James raised shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 target price for the company in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $158.27.

Booz Allen Hamilton Trading Up 2.4 %

NYSE:BAH opened at $107.14 on Wednesday. The business has a fifty day moving average price of $117.03 and a 200-day moving average price of $139.54. 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 capitalization of $13.57 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56.

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

Booz Allen Hamilton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were paid a $0.55 dividend. The ex-dividend date was Friday, February 14th. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.51. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.05%. Booz Allen Hamilton’s dividend payout ratio is 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.