Cibc World Markets Corp Sells 1,697 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Cibc World Markets Corp reduced its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 22.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 5,846 shares of the business services provider’s stock after selling 1,697 shares during the quarter. Cibc World Markets Corp’s holdings in Booz Allen Hamilton were worth $752,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BAH. Oppenheimer & Co. Inc. raised its position in shares of Booz Allen Hamilton by 3.3% in the third quarter. Oppenheimer & Co. Inc. now owns 1,822 shares of the business services provider’s stock valued at $297,000 after purchasing an additional 59 shares during the period. Moody Aldrich Partners LLC grew its stake in shares of Booz Allen Hamilton by 4.7% in the fourth quarter. Moody Aldrich Partners LLC now owns 1,660 shares of the business services provider’s stock valued at $214,000 after acquiring an additional 74 shares in the last quarter. Bleakley Financial Group LLC grew its stake in shares of Booz Allen Hamilton by 4.3% in the fourth quarter. Bleakley Financial Group LLC now owns 1,816 shares of the business services provider’s stock valued at $234,000 after acquiring an additional 75 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Booz Allen Hamilton by 2.0% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,160 shares of the business services provider’s stock valued at $535,000 after acquiring an additional 82 shares in the last quarter. Finally, M&T Bank Corp grew its stake in shares of Booz Allen Hamilton by 0.9% in the fourth quarter. M&T Bank Corp now owns 10,171 shares of the business services provider’s stock valued at $1,309,000 after acquiring an additional 88 shares in the last quarter. 91.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. TD Cowen decreased their price target on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Barclays upgraded 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 research note on Monday, January 6th. JPMorgan Chase & Co. decreased their price target on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Monday, February 3rd. The Goldman Sachs Group reduced 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 note on Thursday, December 12th. Finally, Raymond James upgraded shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $158.27.

Booz Allen Hamilton Stock Up 0.6 %

BAH stock opened at $104.23 on Friday. The stock has a market capitalization of $13.20 billion, a P/E ratio of 15.53, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. 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 12 month low of $101.05 and a 12 month high of $190.59. The firm has a 50-day moving average price of $121.39 and a 200-day moving average price of $142.00.

Booz Allen Hamilton (NYSE:BAH) last posted its 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%. As a group, equities research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s dividend payout ratio (DPR) 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.