CIBC Private Wealth Group LLC Increases Stake in Booz Allen Hamilton Holding Co.
CIBC Private Wealth Group LLC has raised its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 8.8% in the fourth quarter, according to a recent filing with the Securities and Exchange Commission (SEC). The firm now owns 5,386 shares of the business services provider’s stock after acquiring an additional 435 shares during the quarter. The value of CIBC Private Wealth Group LLC’s holdings in Booz Allen Hamilton was $689,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in BAH. Morgan Stanley, Ameriprise Financial Inc., WCM Investment Management LLC, JPMorgan Chase & Co., and Caisse DE Depot ET Placement DU Quebec all saw increases in their stakes in Booz Allen Hamilton. Currently, 91.82% of the stock is owned by institutional investors.
Analysts on Wall Street have recently shared their opinions on BAH shares. Truist Financial, Jefferies Financial Group, Stifel Nicolaus, Wells Fargo & Company, and TD Cowen have all raised their target prices on the stock, with varying ratings. MarketBeat.com reports that the consensus rating for Booz Allen Hamilton is “Hold” with a target price of $159.78.
Booz Allen Hamilton Stock Performance
Shares of Booz Allen Hamilton opened at $151.75 on Tuesday. The company’s stock has a market cap of $19.62 billion, a price-to-earnings ratio of 32.99, and a beta of 0.57. Booz Allen Hamilton Holding Co. has a 12-month low of $103.38 and a 12-month high of $164.43. Analysts predict that the company will post 6.04 earnings per share for the current fiscal year.
Booz Allen Hamilton Dividend Announcement
Booz Allen Hamilton recently declared a quarterly dividend of $0.51 per share, which will be paid on June 28th. The company’s dividend payout ratio is currently 44.35%.
Insider Trading at Booz Allen Hamilton
CEO Horacio Rozanski and EVP Richard Crowe have recently sold shares of Booz Allen Hamilton. Over the last three months, insiders have sold 59,755 shares of company stock worth $9,189,791. 1.76% of the stock is owned by company insiders.
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. The company also offers artificial intelligence services such as machine learning, predictive modeling, automation and decision analytics, and quantum computing.
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