Huntington National Bank Reduces Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Huntington National Bank lowered its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 10.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,497 shares of the business services provider’s stock after selling 279 shares during the quarter. Huntington National Bank’s holdings in Booz Allen Hamilton were worth $321,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in BAH. Bogart Wealth LLC boosted its position in Booz Allen Hamilton by 387.5% in the fourth quarter. Bogart Wealth LLC now owns 195 shares of the business services provider’s stock valued at $25,000 after buying an additional 155 shares during the last quarter. OFI Invest Asset Management purchased a new stake in shares of Booz Allen Hamilton in the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC increased its stake in shares of Booz Allen Hamilton by 144.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider’s stock worth $29,000 after acquiring an additional 134 shares during the period. R Squared Ltd purchased a new position in shares of Booz Allen Hamilton during the fourth quarter worth $31,000. Finally, SRS Capital Advisors Inc. lifted its position 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 valued at $31,000 after purchasing an additional 232 shares during the period. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. William Blair lowered Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. 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 report on Monday, February 3rd. Barclays raised shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price target on the stock in a report on Monday, January 6th. TD Cowen cut their price objective on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, Wells Fargo & Company dropped their target price on Booz Allen Hamilton from $180.00 to $164.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $158.27.

Booz Allen Hamilton Trading Down 2.4 %

Shares of Booz Allen Hamilton stock opened at $109.07 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72. Booz Allen Hamilton Holding Co. has a twelve month low of $101.05 and a twelve month high of $190.59. The firm has a market capitalization of $13.81 billion, a PE ratio of 16.26, a P/E/G ratio of 1.25 and a beta of 0.58. The firm’s 50-day moving average price is $115.43 and its 200 day moving average price is $138.81.

Booz Allen Hamilton (NYSE:BAH) last released its 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 return on equity of 68.97% and a net margin of 7.39%. On average, sell-side analysts predict that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The firm also recently announced 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 2.02%. This is a boost 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 dividend payout ratio is 32.79%.

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.