Magnetar Financial LLC Invests $4.74 Million in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Magnetar Financial LLC acquired a new position in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 36,829 shares of the business services provider's stock, valued at approximately $4,740,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of BAH. Bogart Wealth LLC grew its stake in shares of Booz Allen Hamilton by 387.5% in the 4th quarter. Bogart Wealth LLC now owns 195 shares of the business services provider's stock worth $25,000 after buying an additional 155 shares during the last quarter. OFI Invest Asset Management purchased a new stake in shares of Booz Allen Hamilton in the fourth quarter worth $25,000. EverSource Wealth Advisors LLC increased its holdings in shares of Booz Allen Hamilton by 144.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock valued at $29,000 after acquiring an additional 134 shares in the last quarter. R Squared Ltd purchased a new position in shares of Booz Allen Hamilton in the 4th quarter worth about $31,000. Finally, SRS Capital Advisors Inc. boosted its stake in Booz Allen Hamilton by 3,314.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock worth $31,000 after purchasing an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company's stock.

Wall Street Analysts Forecast Growth

BAH has been the topic of several analyst reports. The Goldman Sachs Group dropped their target price on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a "buy" rating on the stock in a research note on Thursday, December 12th. StockNews.com lowered Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Thursday, December 5th. Wells Fargo & Company lowered their price target on Booz Allen Hamilton from $180.00 to $164.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. UBS Group assumed coverage on Booz Allen Hamilton in a report on Monday, December 2nd. They issued a "neutral" rating and a $159.00 price objective for the company. Finally, Raymond James raised shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price target on the stock in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $158.27.

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Booz Allen Hamilton Stock Performance

Shares of Booz Allen Hamilton stock traded up $1.01 on Monday, hitting $105.15. 2,710,684 shares of the company's stock were exchanged, compared to its average volume of 1,278,119. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market capitalization of $13.32 billion, a PE ratio of 15.67, a PEG ratio of 1.25 and a beta of 0.56. Booz Allen Hamilton Holding Co. has a 1 year low of $101.05 and a 1 year high of $190.59. The company has a 50-day simple moving average of $120.79 and a 200-day simple moving average of $141.53.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.20 annualized dividend and a yield of 2.09%. This is an increase from Booz Allen Hamilton's previous quarterly dividend of $0.51. Booz Allen Hamilton's payout ratio is currently 32.79%.

Booz Allen Hamilton 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.