JPMorgan Chase & Co. lifted its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 45.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 3,725,749 shares of the business services provider’s stock after acquiring an additional 1,166,205 shares during the quarter. JPMorgan Chase & Co.’s holdings in Booz Allen Hamilton were worth $216,615,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the company. First Personal Financial Services acquired a new stake in Booz Allen Hamilton during the first quarter valued at $26,000. Advisors Preferred LLC acquired a new stake in Booz Allen Hamilton during the first quarter valued at $26,000. Benjamin F. Edwards & Company Inc. boosted its position in Booz Allen Hamilton by 47.4% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 821 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 264 shares during the last quarter. CWM LLC boosted its position in Booz Allen Hamilton by 81.9% during the fourth quarter. CWM LLC now owns 815 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 367 shares during the last quarter. Finally, Pearl River Capital LLC acquired a new stake in Booz Allen Hamilton during the fourth quarter valued at $37,000. 96.36% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Christopher Ling sold 13,625 shares of Booz Allen Hamilton stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $53.32, for a total value of $726,485.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Nancy Laben sold 15,000 shares of Booz Allen Hamilton stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $55.02, for a total value of $825,300.00. The disclosure for this sale can be found here. 3.56% of the stock is owned by insiders.
BAH has been the subject of a number of research reports. Wells Fargo & Co set a $58.00 price objective on Booz Allen Hamilton and gave the company a “buy” rating in a research report on Saturday, February 2nd. Goldman Sachs Group initiated coverage on Booz Allen Hamilton in a research report on Thursday, May 9th. They set a “buy” rating for the company. Finally, Zacks Investment Research cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $53.63.
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About Booz Allen Hamilton
Booz Allen Hamilton Holding Corporation provides management and technology consulting, engineering, analytics, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations.
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