Connor Clark & Lunn Investment Management Ltd. Makes New $9.37 Million Investment in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 72,819 shares of the business services provider's stock, valued at approximately $9,372,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.06% of Booz Allen Hamilton as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BAH. Bogart Wealth LLC grew its position in shares of 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 stake in Booz Allen Hamilton in the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC raised its stake in shares of Booz Allen Hamilton by 144.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock worth $29,000 after buying an additional 134 shares during the period. Peterson Financial Group Inc. purchased a new position in shares of Booz Allen Hamilton during the 3rd quarter valued at approximately $31,000. Finally, R Squared Ltd acquired a new stake in Booz Allen Hamilton in the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Trading Down 3.4 %

BAH stock traded down $3.98 during trading on Wednesday, reaching $112.54. 3,523,679 shares of the stock were exchanged, compared to its average volume of 1,232,045. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72. The firm 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. The business has a 50 day moving average price of $122.83 and a 200-day moving average price of $142.96. Booz Allen Hamilton Holding Co. has a 1 year low of $101.82 and a 1 year high of $190.59.

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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 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%. On average, research analysts predict 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. Investors 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 1.95%. This is an increase 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%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. UBS Group began coverage on shares of Booz Allen Hamilton in a report on Monday, December 2nd. They set a "neutral" rating and a $159.00 price objective on the stock. JPMorgan Chase & Co. decreased their target price on 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. Raymond James upgraded Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price target for the company in a research report on Monday, February 3rd. Truist Financial decreased their price objective on Booz Allen Hamilton from $185.00 to $155.00 and set a "hold" rating on the stock in a report on Friday, November 22nd. Finally, Cantor Fitzgerald raised shares of Booz Allen Hamilton to a "strong-buy" rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $158.27.

About Booz Allen Hamilton

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.