LGT Fund Management Co Ltd. Invests $2 Million in Booz Allen Hamilton Holding Co. (NYSE:BAH)

LGT Fund Management Co Ltd. acquired a new position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,563 shares of the business services provider's stock, valued at approximately $2,003,000.

Several other large investors have also bought and sold shares of the business. Farther Finance Advisors LLC grew its holdings in shares of Booz Allen Hamilton by 22.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 865 shares of the business services provider's stock valued at $141,000 after purchasing an additional 161 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Booz Allen Hamilton by 80.0% during the third quarter. Harbor Capital Advisors Inc. now owns 16,411 shares of the business services provider's stock worth $2,671,000 after buying an additional 7,292 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Booz Allen Hamilton by 34.8% during the 3rd quarter. Van ECK Associates Corp now owns 627,446 shares of the business services provider's stock valued at $102,437,000 after acquiring an additional 162,083 shares in the last quarter. National Pension Service grew its position in Booz Allen Hamilton by 3.7% during the 3rd quarter. National Pension Service now owns 204,866 shares of the business services provider's stock worth $33,344,000 after acquiring an additional 7,222 shares during the last quarter. Finally, QRG Capital Management Inc. increased its holdings in Booz Allen Hamilton by 12.4% in the 3rd quarter. QRG Capital Management Inc. now owns 3,498 shares of the business services provider's stock worth $569,000 after purchasing an additional 387 shares in the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BAH. Raymond James upgraded Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price target on the stock in a report on Monday, February 3rd. Cantor Fitzgerald upgraded shares of Booz Allen Hamilton to a "strong-buy" rating in a research report on Tuesday, February 25th. William Blair lowered shares of Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Barclays upgraded Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 price objective for the company in a report on Monday, January 6th. Finally, The Goldman Sachs Group cut their target price on Booz Allen Hamilton from $210.00 to $158.00 and set a "buy" rating on the stock in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $158.27.

Booz Allen Hamilton Stock Down 2.0 %

NYSE BAH traded down $2.19 during trading hours on Thursday, hitting $107.75. The company's stock had a trading volume of 243,315 shares, compared to its average volume of 2,408,454. 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 company's 50-day simple moving average is $125.87 and its two-hundred day simple moving average is $145.66. The company has a market capitalization of $13.65 billion, a PE ratio of 16.08, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. Booz Allen Hamilton Holding Co. has a 52 week low of $101.82 and a 52 week high of $190.59.

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 for the quarter, topping 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%. Research analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were given a $0.55 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.20 annualized dividend and a yield of 2.04%. This is a boost from Booz Allen Hamilton's previous quarterly dividend of $0.51. Booz Allen Hamilton's payout ratio is currently 32.79%.

Booz Allen Hamilton Company 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.