Legal & General Group Plc Has $65.31 Million Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Legal & General Group Plc lowered its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 28.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 507,438 shares of the business services provider's stock after selling 205,167 shares during the period. Legal & General Group Plc owned 0.40% of Booz Allen Hamilton worth $65,307,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of BAH. Bogart Wealth LLC boosted its holdings in Booz Allen Hamilton by 387.5% during the 4th quarter. Bogart Wealth LLC now owns 195 shares of the business services provider's stock valued at $25,000 after acquiring an additional 155 shares during the period. OFI Invest Asset Management acquired a new position in shares of Booz Allen Hamilton during the fourth quarter worth $25,000. EverSource Wealth Advisors LLC increased its holdings in shares of Booz Allen Hamilton by 144.1% in the 4th 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 during the last quarter. R Squared Ltd purchased a new position in Booz Allen Hamilton in the fourth quarter valued at approximately $31,000. Finally, SRS Capital Advisors Inc. lifted its position in Booz Allen Hamilton by 3,314.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock valued at $31,000 after acquiring an additional 232 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Cantor Fitzgerald raised Booz Allen Hamilton to a "strong-buy" rating in a research report on Tuesday, February 25th. TD Cowen lowered their target price on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price objective on Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating on the stock in a report on Tuesday. Truist Financial dropped their target price on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a report on Monday. Finally, Raymond James upgraded shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price objective on the stock in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $146.45.

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Booz Allen Hamilton Trading Up 1.0 %

NYSE BAH traded up $1.07 on Wednesday, hitting $111.36. 1,799,604 shares of the stock were exchanged, compared to its average volume of 1,474,726. Booz Allen Hamilton Holding Co. has a 52-week low of $101.05 and a 52-week high of $190.59. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market capitalization of $14.10 billion, a price-to-earnings ratio of 16.60, a P/E/G ratio of 1.25 and a beta of 0.58. The company's 50-day moving average price is $111.58 and its two-hundred day moving average price is $135.70.

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

Booz Allen Hamilton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.98%. The ex-dividend date was Friday, February 14th. This is an increase from Booz Allen Hamilton's previous quarterly dividend of $0.51. 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.