Bartlett & CO. Wealth Management LLC Acquires 8,365 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Bartlett & CO. Wealth Management LLC lifted its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 1.6% in the fourth quarter, HoldingsChannel reports. The fund owned 539,589 shares of the business services provider’s stock after buying an additional 8,365 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Booz Allen Hamilton were worth $69,445,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Empirical Asset Management LLC bought a new position in shares of Booz Allen Hamilton during the fourth quarter valued at about $1,900,000. Cumberland Partners Ltd boosted its holdings in Booz Allen Hamilton by 39.5% during the 3rd 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. Toronto Dominion Bank grew its position in Booz Allen Hamilton by 29.6% during the 3rd quarter. Toronto Dominion Bank now owns 16,909 shares of the business services provider’s stock worth $2,752,000 after acquiring an additional 3,863 shares during the last quarter. Eagle Asset Management Inc. increased its stake in Booz Allen Hamilton by 3.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider’s stock worth $155,810,000 after purchasing an additional 32,897 shares during the period. Finally, Stifel Financial Corp lifted its position in Booz Allen Hamilton by 23.5% in the third quarter. Stifel Financial Corp now owns 119,072 shares of the business services provider’s stock valued at $19,381,000 after purchasing an additional 22,690 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Price Performance

BAH opened at $143.08 on Thursday. Booz Allen Hamilton Holding Co. has a 12-month low of $127.09 and a 12-month high of $190.59. The company has a market cap of $18.28 billion, a price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 1.64 and a beta of 0.55. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76. The stock has a fifty day simple moving average of $137.90 and a two-hundred day simple moving average of $151.80.

Booz Allen Hamilton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Friday, November 15th were given a dividend of $0.51 per share. The ex-dividend date was Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.43%. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 32.03%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Wells Fargo & Company cut their target price on shares of Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. cut shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and boosted their price objective for the company from $154.00 to $158.00 in a research report on Wednesday, October 2nd. UBS Group assumed coverage on shares of Booz Allen Hamilton in a report on Monday, December 2nd. They set a “neutral” rating and a $159.00 target price for the company. StockNews.com downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Finally, TD Cowen cut their price objective on Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $161.78.

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.