Bank of Nova Scotia Purchases 51,969 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Bank of Nova Scotia boosted its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 831.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,220 shares of the business services provider's stock after purchasing an additional 51,969 shares during the quarter. Bank of Nova Scotia's holdings in Booz Allen Hamilton were worth $7,493,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BAH. Moody Aldrich Partners LLC boosted its stake in shares of Booz Allen Hamilton by 4.7% in the fourth quarter. Moody Aldrich Partners LLC now owns 1,660 shares of the business services provider's stock valued at $214,000 after buying an additional 74 shares during the period. Bleakley Financial Group LLC lifted its position in shares of Booz Allen Hamilton by 4.3% during the 4th quarter. Bleakley Financial Group LLC now owns 1,816 shares of the business services provider's stock valued at $234,000 after acquiring an additional 75 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Booz Allen Hamilton by 2.0% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,160 shares of the business services provider's stock worth $535,000 after purchasing an additional 82 shares in the last quarter. M&T Bank Corp raised its stake in Booz Allen Hamilton by 0.9% in the fourth quarter. M&T Bank Corp now owns 10,171 shares of the business services provider's stock valued at $1,309,000 after purchasing an additional 88 shares in the last quarter. Finally, Verdence Capital Advisors LLC lifted its position in Booz Allen Hamilton by 0.5% during the fourth quarter. Verdence Capital Advisors LLC now owns 16,579 shares of the business services provider's stock worth $2,134,000 after purchasing an additional 90 shares during the period. Institutional investors own 91.82% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Truist Financial decreased their target price on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a report on Monday. TD Cowen lowered their price objective on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. reduced their target price on Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating on the stock in a report on Tuesday. Raymond James raised Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price target for the company in a report on Monday, February 3rd. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $109.00 price objective (down from $150.00) on shares of Booz Allen Hamilton in a research note on Friday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Booz Allen Hamilton has an average rating of "Hold" and an average price target of $146.45.

Booz Allen Hamilton Trading Down 1.5 %

Shares of Booz Allen Hamilton stock traded down $1.65 on Tuesday, hitting $110.38. The stock had a trading volume of 1,537,918 shares, compared to its average volume of 1,470,116. The stock has a 50 day moving average of $111.58 and a 200 day moving average of $135.70. 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 twelve month low of $101.05 and a twelve month high of $190.59. The firm has a market capitalization of $13.98 billion, a P/E ratio of 16.45, a PEG ratio of 1.25 and a beta of 0.58.

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 net margin of 7.39% and a return on equity of 68.97%. Sell-side analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.99%. This is an increase from Booz Allen Hamilton's previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, February 14th. Booz Allen Hamilton's dividend payout ratio (DPR) is 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.