Booz Allen Hamilton Holding Co. (NYSE:BAH) Holdings Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 12.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,518,386 shares of the business services provider’s stock after purchasing an additional 501,725 shares during the quarter. JPMorgan Chase & Co.’s holdings in Booz Allen Hamilton were worth $581,516,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Bank of Montreal Can grew its stake in shares of Booz Allen Hamilton by 3.9% in the 3rd quarter. Bank of Montreal Can now owns 97,512 shares of the business services provider’s stock worth $15,802,000 after purchasing an additional 3,619 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Booz Allen Hamilton by 2.9% in the third quarter. The Manufacturers Life Insurance Company now owns 6,313 shares of the business services provider’s stock valued at $1,028,000 after buying an additional 179 shares in the last quarter. FMR LLC boosted its stake in shares of Booz Allen Hamilton by 111.6% during the 3rd quarter. FMR LLC now owns 356,828 shares of the business services provider’s stock worth $58,077,000 after acquiring an additional 188,185 shares in the last quarter. Quantbot Technologies LP grew its holdings in shares of Booz Allen Hamilton by 936.3% in the 3rd quarter. Quantbot Technologies LP now owns 10,218 shares of the business services provider’s stock worth $1,663,000 after acquiring an additional 9,232 shares during the last quarter. Finally, Townsquare Capital LLC lifted its holdings in shares of Booz Allen Hamilton by 42.2% during the third quarter. Townsquare Capital LLC now owns 34,962 shares of the business services provider’s stock valued at $5,690,000 after purchasing an additional 10,381 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on BAH shares. William Blair lowered shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a research note 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 price objective for the company in a research note on Monday, February 3rd. JPMorgan Chase & Co. decreased their target price on Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating for the company in a research report on Monday, February 3rd. The Goldman Sachs Group reduced their price objective on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Finally, 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 report on Wednesday, February 26th. 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 company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $158.27.

Booz Allen Hamilton Stock Performance

Shares of NYSE BAH opened at $105.30 on Friday. The business’s 50-day simple moving average is $118.36 and its 200-day simple moving average is $140.40. Booz Allen Hamilton Holding Co. has a 52 week low of $101.05 and a 52 week high of $190.59. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market cap of $13.34 billion, a price-to-earnings ratio of 15.69, a P/E/G ratio of 1.25 and a beta of 0.56.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, beating 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 expect that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were given a dividend of $0.55 per share. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.20 dividend on an annualized basis and a yield of 2.09%. Booz Allen Hamilton’s payout ratio is currently 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.