Stratos Wealth Partners LTD. Buys 427 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Stratos Wealth Partners LTD. increased its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,082 shares of the business services provider’s stock after acquiring an additional 427 shares during the period. Stratos Wealth Partners LTD.’s holdings in Booz Allen Hamilton were worth $3,080,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of BAH. Janiczek Wealth Management LLC bought a new stake in shares of Booz Allen Hamilton in the 3rd quarter valued at about $25,000. VisionPoint Advisory Group LLC increased its holdings in Booz Allen Hamilton by 75.6% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 274 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 118 shares during the period. Acadian Asset Management LLC purchased a new position in Booz Allen Hamilton during the 3rd quarter valued at about $31,000. DHJJ Financial Advisors Ltd. purchased a new position in Booz Allen Hamilton during the 3rd quarter valued at about $34,000. Finally, BKM Wealth Management LLC purchased a new position in Booz Allen Hamilton during the 4th quarter valued at about $40,000. Institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Price Performance

NYSE BAH opened at $146.83 on Monday. The business’s fifty day moving average price is $146.18 and its 200-day moving average price is $132.00. The stock has a market capitalization of $19.05 billion, a price-to-earnings ratio of 47.36, a PEG ratio of 2.00 and a beta of 0.53. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.68 and a quick ratio of 1.68. Booz Allen Hamilton Holding Co. has a 1-year low of $89.80 and a 1-year high of $150.59.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, January 26th. The business services provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.28. Booz Allen Hamilton had a return on equity of 65.31% and a net margin of 3.96%. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same period in the prior year, the firm earned $1.07 EPS. The company’s revenue was up 12.9% compared to the same quarter last year. On average, equities analysts predict that Booz Allen Hamilton Holding Co. will post 5.41 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 12th were issued a $0.51 dividend. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.47. This represents a $2.04 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Friday, February 9th. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 65.81%.

Insider Buying and Selling

In related news, COO Kristine Anderson sold 5,068 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $139.88, for a total value of $708,911.84. Following the transaction, the chief operating officer now directly owns 71,656 shares of the company’s stock, valued at approximately $10,023,241.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CFO Matthew Calderone sold 1,500 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $146.51, for a total transaction of $219,765.00. Following the completion of the transaction, the chief financial officer now owns 25,462 shares in the company, valued at $3,730,437.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Kristine Anderson sold 5,068 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $139.88, for a total value of $708,911.84. Following the transaction, the chief operating officer now owns 71,656 shares of the company’s stock, valued at approximately $10,023,241.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,568 shares of company stock valued at $8,067,487. 1.76% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

BAH has been the topic of a number of research analyst reports. Truist Financial boosted their price target on Booz Allen Hamilton from $120.00 to $145.00 and gave the company a “hold” rating in a report on Monday, January 29th. The Goldman Sachs Group boosted their price target on Booz Allen Hamilton from $141.00 to $158.00 and gave the company a “buy” rating in a report on Monday, January 29th. Wells Fargo & Company boosted their price target on Booz Allen Hamilton from $138.00 to $158.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. Barclays downgraded Booz Allen Hamilton from an “equal weight” rating to an “underweight” rating in a report on Friday, January 5th. Finally, JPMorgan Chase & Co. upped their target price on Booz Allen Hamilton from $120.00 to $136.00 and gave the stock a “neutral” rating in a report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $139.56.

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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.