Congress Wealth Management LLC DE Has $13.16 Million Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Congress Wealth Management LLC DE lowered its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 4.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,232 shares of the business services provider’s stock after selling 5,182 shares during the quarter. Congress Wealth Management LLC DE owned approximately 0.08% of Booz Allen Hamilton worth $13,157,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of Booz Allen Hamilton by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,341,533 shares of the business services provider’s stock worth $381,898,000 after acquiring an additional 58,038 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Booz Allen Hamilton during the fourth quarter worth $173,055,000. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Booz Allen Hamilton by 11.8% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,342,528 shares of the business services provider’s stock valued at $184,347,000 after acquiring an additional 141,541 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Booz Allen Hamilton by 28.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider’s stock valued at $209,651,000 after purchasing an additional 285,621 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in Booz Allen Hamilton by 51.7% in the fourth quarter. Van ECK Associates Corp now owns 951,605 shares of the business services provider’s stock valued at $122,472,000 after acquiring an additional 324,159 shares during the period. Institutional investors own 91.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. The Goldman Sachs Group decreased their price target on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Cantor Fitzgerald upgraded Booz Allen Hamilton to a “strong-buy” rating in a research report on Tuesday, February 25th. William Blair cut Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. Raymond James raised Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. cut their target price on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Monday, February 3rd. 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 company’s stock. According to data from MarketBeat.com, Booz Allen Hamilton has an average rating of “Hold” and a consensus price target of $158.27.

Booz Allen Hamilton Price Performance

Shares of BAH stock opened at $105.15 on Tuesday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. Booz Allen Hamilton Holding Co. has a 12-month low of $101.05 and a 12-month high of $190.59. The firm has a fifty day moving average of $120.79 and a 200-day moving average of $141.53. The firm has a market capitalization of $13.32 billion, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings results 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 return on equity of 68.97% and a net margin of 7.39%. On average, equities research analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.09%. 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. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 32.79%.

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.