Signature Estate & Investment Advisors LLC Takes $2.02 Million Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Signature Estate & Investment Advisors LLC purchased a new position in Booz Allen Hamilton Holding Co. (NYSE:BAH – Get Rating) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 19,318 shares of the business services provider’s stock, valued at approximately $2,019,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Roundview Capital LLC boosted its stake in Booz Allen Hamilton by 2.5% in the first quarter. Roundview Capital LLC now owns 23,668 shares of the business services provider’s stock valued at $2,079,000 after acquiring an additional 580 shares during the last quarter. D.A. Davidson & CO. purchased a new position in Booz Allen Hamilton in the first quarter valued at approximately $212,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Booz Allen Hamilton during the first quarter valued at $274,000. MetLife Investment Management LLC purchased a new stake in Booz Allen Hamilton in the first quarter worth $746,000. Finally, Panagora Asset Management Inc. raised its stake in shares of Booz Allen Hamilton by 34.4% in the first quarter. Panagora Asset Management Inc. now owns 10,491 shares of the business services provider’s stock valued at $922,000 after buying an additional 2,685 shares during the period. 90.68% of the stock is owned by hedge funds and other institutional investors.

Booz Allen Hamilton Price Performance

BAH stock opened at $88.51 on Friday. The firm has a 50 day moving average of $94.88 and a 200-day moving average of $99.32. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 2.31. The firm has a market capitalization of $11.71 billion, a P/E ratio of 27.49, a price-to-earnings-growth ratio of 2.28 and a beta of 0.60. Booz Allen Hamilton Holding Co. has a 12 month low of $76.60 and a 12 month high of $112.55.

Booz Allen Hamilton Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Friday, February 10th were issued a $0.47 dividend. The ex-dividend date of this dividend was Thursday, February 9th. This represents a $1.88 annualized dividend and a dividend yield of 2.12%. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.43. Booz Allen Hamilton’s dividend payout ratio is presently 58.39%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Morgan Stanley decreased their price objective on Booz Allen Hamilton from $118.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, February 2nd. Wells Fargo & Company lifted their target price on shares of Booz Allen Hamilton from $109.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 1st. Finally, StockNews.com began coverage on shares of Booz Allen Hamilton in a research note on Thursday. They set a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Booz Allen Hamilton has an average rating of “Moderate Buy” and an average price target of $104.33.

About Booz Allen Hamilton

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Booz Allen Hamilton Holding Corp. engages in the provision of management and technology consulting services. It offers analytics, digital solutions, engineering, and cyber expertise. The company was founded by Edwin Booz in 1914 and is headquartered in McLean, VA.