Tanager Wealth Management LLP Invests $213,000 in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Tanager Wealth Management LLP acquired a new position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 1,654 shares of the business services provider’s stock, valued at approximately $213,000.

Several other large investors have also modified their holdings of BAH. Peterson Financial Group Inc. purchased a new position in shares of Booz Allen Hamilton during the 3rd quarter worth about $31,000. R Squared Ltd purchased a new position in shares of Booz Allen Hamilton during the 4th quarter worth about $31,000. Berbice Capital Management LLC purchased a new position in shares of Booz Allen Hamilton during the 4th quarter worth about $39,000. Gilliland Jeter Wealth Management LLC purchased a new position in shares of Booz Allen Hamilton during the 3rd quarter worth about $45,000. Finally, Kennebec Savings Bank purchased a new position in shares of Booz Allen Hamilton during the 3rd quarter worth about $60,000. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Booz Allen Hamilton Stock Up 1.9 %

BAH stock opened at $131.89 on Wednesday. Booz Allen Hamilton Holding Co. has a twelve month low of $121.02 and a twelve month high of $190.59. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76. The company has a market capitalization of $16.85 billion, a P/E ratio of 19.66, a PEG ratio of 1.53 and a beta of 0.55. The firm has a 50 day simple moving average of $135.09 and a 200-day simple moving average of $150.18.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share 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 70.51%. On average, equities research analysts predict that Booz Allen Hamilton Holding Co. will post 6.32 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.67%. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 30.40%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BAH. Barclays upgraded shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price objective on the stock in a report on Monday, January 6th. Jefferies Financial Group lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and raised their price target for the company from $180.00 to $190.00 in a report on Monday, November 4th. JPMorgan Chase & Co. cut 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 report on Monday. Wells Fargo & Company cut their price target on shares of Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Finally, TD Cowen cut 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 report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $158.80.

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.