AGF Management Ltd. Reduces Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

AGF Management Ltd. reduced its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 99.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,778 shares of the business services provider's stock after selling 1,770,094 shares during the period. AGF Management Ltd.'s holdings in Booz Allen Hamilton were worth $358,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. GW&K Investment Management LLC raised its position in Booz Allen Hamilton by 0.7% in the fourth quarter. GW&K Investment Management LLC now owns 461,517 shares of the business services provider's stock worth $59,397,000 after acquiring an additional 3,435 shares during the period. Versor Investments LP bought a new stake in Booz Allen Hamilton in the fourth quarter worth about $933,000. Bridges Investment Management Inc. raised its position in Booz Allen Hamilton by 19.2% in the fourth quarter. Bridges Investment Management Inc. now owns 117,661 shares of the business services provider's stock worth $15,143,000 after acquiring an additional 18,930 shares during the period. Cumberland Partners Ltd raised its position in Booz Allen Hamilton by 92.2% in the fourth quarter. Cumberland Partners Ltd now owns 99,330 shares of the business services provider's stock worth $12,784,000 after acquiring an additional 47,655 shares during the period. Finally, Van ECK Associates Corp raised 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 worth $122,472,000 after acquiring an additional 324,159 shares during the period. 91.82% of the stock is owned by institutional investors.

Remove Ads

Wall Street Analysts Forecast Growth

BAH has been the topic of several research reports. William Blair lowered shares of Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. lowered their price target 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. Truist Financial lowered their price target on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a "hold" rating on the stock in a research report on Friday, November 22nd. UBS Group initiated coverage on shares of Booz Allen Hamilton in a research report on Monday, December 2nd. They issued a "neutral" rating and a $159.00 price target on the stock. Finally, Wells Fargo & Company lowered their price target on shares of Booz Allen Hamilton from $180.00 to $164.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Booz Allen Hamilton has a consensus rating of "Hold" and an average price target of $158.27.

Booz Allen Hamilton Trading Down 3.4 %

Shares of BAH stock traded down $3.98 on Wednesday, hitting $112.54. 3,499,968 shares of the company's stock traded hands, compared to its average volume of 1,231,951. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. Booz Allen Hamilton Holding Co. has a one year low of $101.82 and a one year high of $190.59. The company's fifty day simple moving average is $122.83 and its 200 day simple moving average is $142.96. The stock has a market capitalization of $14.25 billion, a price-to-earnings ratio of 16.77, a P/E/G ratio of 1.25 and a beta of 0.56.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its earnings results on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. Equities analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.20 annualized dividend and a dividend yield of 1.95%. This is a positive change from Booz Allen Hamilton's previous quarterly dividend of $0.51. Booz Allen Hamilton's dividend payout ratio (DPR) is currently 32.79%.

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. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.