Ipsen Advisor Group LLC Makes New Investment in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Ipsen Advisor Group LLC bought a new stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,349 shares of the business services provider’s stock, valued at approximately $431,000.

Several other hedge funds also recently bought and sold shares of BAH. Citigroup Inc. lifted its holdings in Booz Allen Hamilton by 3.4% during the third quarter. Citigroup Inc. now owns 92,631 shares of the business services provider’s stock worth $15,077,000 after acquiring an additional 3,022 shares in the last quarter. Cerity Partners LLC raised its position in shares of Booz Allen Hamilton by 39.7% during the third quarter. Cerity Partners LLC now owns 37,401 shares of the business services provider’s stock worth $6,087,000 after purchasing an additional 10,623 shares during the period. Horizon Kinetics Asset Management LLC grew its position in shares of Booz Allen Hamilton by 13.8% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 4,572 shares of the business services provider’s stock valued at $744,000 after purchasing an additional 556 shares during the period. Bank of Montreal Can grew its position 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 valued at $15,802,000 after purchasing an additional 3,619 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in Booz Allen Hamilton by 2.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 6,313 shares of the business services provider’s stock worth $1,028,000 after purchasing an additional 179 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Price Performance

Shares of BAH opened at $106.44 on Wednesday. Booz Allen Hamilton Holding Co. has a fifty-two week low of $101.05 and a fifty-two week high of $190.59. The firm has a market capitalization of $13.48 billion, a PE ratio of 15.86, a PEG ratio of 1.25 and a beta of 0.56. The company’s 50-day moving average is $120.19 and its 200-day moving average is $141.21. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping 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%. Equities analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The company also recently disclosed 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 boost 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 annualized dividend and a yield of 2.07%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 32.79%.

Analyst Ratings Changes

BAH has been the subject of several research reports. Cantor Fitzgerald raised shares of Booz Allen Hamilton to a “strong-buy” rating in a research report on Tuesday, February 25th. StockNews.com cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Barclays upgraded shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price objective for the company in a research note on Monday, January 6th. Raymond James upgraded Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 target price on the stock in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. decreased their price target on Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating for the company in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Booz Allen Hamilton has an average rating of “Hold” and an average target price of $158.27.

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.