KLP Kapitalforvaltning AS bought a new stake in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 131,600 shares of the business services provider's stock, valued at approximately $16,937,000. KLP Kapitalforvaltning AS owned about 0.10% of Booz Allen Hamilton as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Bogart Wealth LLC increased its stake in shares of Booz Allen Hamilton by 387.5% in the fourth quarter. Bogart Wealth LLC now owns 195 shares of the business services provider's stock worth $25,000 after acquiring an additional 155 shares during the period. OFI Invest Asset Management purchased a new stake in Booz Allen Hamilton in the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC boosted its holdings in Booz Allen Hamilton by 144.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock valued at $29,000 after purchasing an additional 134 shares during the last quarter. R Squared Ltd acquired a new stake in Booz Allen Hamilton during the 4th quarter worth about $31,000. Finally, SRS Capital Advisors Inc. raised its stake in shares of Booz Allen Hamilton by 3,314.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock valued at $31,000 after buying an additional 232 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company's stock.
Booz Allen Hamilton Price Performance
Shares of BAH stock traded down $0.46 on Friday, reaching $105.40. 200,064 shares of the company were exchanged, compared to its average volume of 2,491,709. The company has a market cap of $13.35 billion, a price-to-earnings ratio of 15.71, a P/E/G ratio of 1.25 and a beta of 0.56. Booz Allen Hamilton Holding Co. has a 1 year low of $101.05 and a 1 year high of $190.59. The business has a 50-day moving average price of $118.98 and a 200 day moving average price of $140.72. 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 (NYSE:BAH - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, topping 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%. Equities research analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.
Booz Allen Hamilton Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Booz Allen Hamilton's previous quarterly dividend of $0.51. Booz Allen Hamilton's payout ratio is 32.79%.
Wall Street Analyst Weigh In
Several research firms recently commented on BAH. TD Cowen dropped their target price on Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. William Blair cut shares of Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. StockNews.com lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Thursday, December 5th. 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 report on Monday, February 3rd. Finally, Cantor Fitzgerald upgraded shares of Booz Allen Hamilton to a "strong-buy" rating in a research report on Tuesday, February 25th. One 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. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $158.27.
Read Our Latest Report on BAH
About Booz Allen Hamilton
(
Free Report)
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.
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