CIBC Private Wealth Group LLC Trims Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

CIBC Private Wealth Group LLC cut its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 7.3% in the fourth quarter, HoldingsChannel reports. The fund owned 4,736 shares of the business services provider’s stock after selling 372 shares during the period. CIBC Private Wealth Group LLC’s holdings in Booz Allen Hamilton were worth $616,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Bogart Wealth LLC lifted its stake in shares of Booz Allen Hamilton by 387.5% in the 4th 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 period. OFI Invest Asset Management purchased a new position in Booz Allen Hamilton in the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC raised its position 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 stake in shares of Booz Allen Hamilton during the 4th quarter worth about $31,000. Finally, SRS Capital Advisors Inc. grew its position in shares of Booz Allen Hamilton by 3,314.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 232 shares during the period. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BAH shares. The Goldman Sachs Group reduced their price target on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Barclays upgraded Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 target price on the stock in a research report on Monday, January 6th. William Blair lowered shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. Cantor Fitzgerald upgraded shares of Booz Allen Hamilton to a “strong-buy” rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $158.27.

Booz Allen Hamilton Trading Down 2.4 %

Shares of BAH stock opened at $109.07 on Friday. Booz Allen Hamilton Holding Co. has a 1-year low of $101.05 and a 1-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 company has a 50-day moving average of $115.43 and a two-hundred day moving average of $138.81. The firm has a market cap of $13.81 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 1.25 and a beta of 0.58.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate 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, analysts predict that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.02%. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, February 14th. Booz Allen Hamilton’s payout ratio is presently 32.79%.

Booz Allen Hamilton Company 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.