Daiwa Securities Group Inc. Has $2.65 Million Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Daiwa Securities Group Inc. boosted its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 110.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,594 shares of the business services provider's stock after purchasing an additional 10,800 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Booz Allen Hamilton were worth $2,650,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Atria Investments Inc increased its holdings in shares of Booz Allen Hamilton by 2.1% in the third quarter. Atria Investments Inc now owns 21,213 shares of the business services provider's stock worth $3,453,000 after acquiring an additional 446 shares in the last quarter. Apollon Wealth Management LLC increased its holdings in shares of Booz Allen Hamilton by 5.5% in the third quarter. Apollon Wealth Management LLC now owns 1,663 shares of the business services provider's stock worth $271,000 after acquiring an additional 86 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of Booz Allen Hamilton in the third quarter worth about $651,000. MQS Management LLC bought a new stake in shares of Booz Allen Hamilton in the third quarter worth about $226,000. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of Booz Allen Hamilton by 3.3% in the third quarter. Oppenheimer & Co. Inc. now owns 1,822 shares of the business services provider's stock worth $297,000 after acquiring an additional 59 shares in the last quarter. Institutional investors own 91.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BAH shares. Truist Financial lowered their price target on Booz Allen Hamilton from $185.00 to $155.00 and set a "hold" rating for the company in a report on Friday, November 22nd. The Goldman Sachs Group lowered their price target on Booz Allen Hamilton from $210.00 to $158.00 and set a "buy" rating for the company in a report on Thursday, December 12th. Barclays raised Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 price objective for the company in a research report on Monday, January 6th. TD Cowen reduced their price objective on 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. Finally, JPMorgan Chase & Co. reduced their price objective on Booz Allen Hamilton from $142.00 to $140.00 and set an "underweight" rating for the company in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $158.27.

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Booz Allen Hamilton Stock Up 2.6 %

NYSE BAH traded up $2.93 during trading hours on Monday, hitting $115.18. 1,809,900 shares of the company traded hands, compared to its average volume of 1,217,262. The business's 50-day moving average is $123.40 and its 200-day moving average is $143.55. Booz Allen Hamilton Holding Co. has a twelve month low of $101.82 and a twelve month high of $190.59. 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 $14.59 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 1.25 and a beta of 0.56.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its quarterly 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 return on equity of 68.97% and a net margin of 7.39%. Sell-side analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.91%. This is a boost from Booz Allen Hamilton's previous quarterly dividend of $0.51. The ex-dividend date was Friday, February 14th. Booz Allen Hamilton's dividend payout ratio (DPR) is presently 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.