CIBC Asset Management Inc Has $685,000 Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

CIBC Asset Management Inc boosted its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 13.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,319 shares of the business services provider’s stock after buying an additional 631 shares during the period. CIBC Asset Management Inc’s holdings in Booz Allen Hamilton were worth $685,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of BAH. Creative Planning raised its holdings in Booz Allen Hamilton by 11.3% during the 3rd quarter. Creative Planning now owns 7,485 shares of the business services provider’s stock worth $1,218,000 after buying an additional 758 shares during the period. Sequoia Financial Advisors LLC raised its holdings in Booz Allen Hamilton by 47.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,729 shares of the business services provider’s stock worth $444,000 after buying an additional 879 shares during the period. Brighton Jones LLC acquired a new stake in Booz Allen Hamilton during the 3rd quarter worth about $222,000. Legacy Wealth Asset Management LLC raised its holdings in Booz Allen Hamilton by 5.6% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 2,651 shares of the business services provider’s stock worth $431,000 after buying an additional 140 shares during the period. Finally, Forsta AP Fonden raised its holdings in Booz Allen Hamilton by 10.9% during the 3rd quarter. Forsta AP Fonden now owns 27,500 shares of the business services provider’s stock worth $4,476,000 after buying an additional 2,700 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BAH. JPMorgan Chase & Co. dropped their target price on Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating on the stock in a report on Monday, February 3rd. StockNews.com downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. TD Cowen dropped their target price on Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. 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, Cantor Fitzgerald began coverage on Booz Allen Hamilton in a report on Friday, February 7th. They issued an “overweight” rating and a $160.00 target price on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $158.91.

Booz Allen Hamilton Trading Down 1.2 %

NYSE:BAH opened at $112.27 on Friday. The stock’s 50 day moving average price is $129.46 and its 200 day moving average price is $147.77. Booz Allen Hamilton Holding Co. has a 52 week low of $106.69 and a 52 week high of $190.59. The company has a market capitalization of $14.22 billion, a P/E ratio of 16.73, a P/E/G ratio of 1.26 and a beta of 0.55. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. On average, research analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be given a dividend of $0.55 per share. The ex-dividend date is Friday, February 14th. This represents a $2.20 dividend on an annualized basis and a yield of 1.96%. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s dividend 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.