Mirae Asset Global Investments Co. Ltd. Has $3.14 Million Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 113.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,432 shares of the business services provider's stock after acquiring an additional 12,993 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Booz Allen Hamilton were worth $3,136,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BAH. Westfield Capital Management Co. LP bought a new stake in Booz Allen Hamilton in the third quarter worth about $48,349,000. Caisse DE Depot ET Placement DU Quebec increased its stake in Booz Allen Hamilton by 28.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider's stock worth $209,651,000 after purchasing an additional 285,621 shares in the last quarter. FMR LLC increased its stake in Booz Allen Hamilton by 111.6% in the 3rd quarter. FMR LLC now owns 356,828 shares of the business services provider's stock worth $58,077,000 after purchasing an additional 188,185 shares in the last quarter. KBC Group NV increased its stake in Booz Allen Hamilton by 1,207.8% in the 4th quarter. KBC Group NV now owns 189,899 shares of the business services provider's stock worth $24,440,000 after purchasing an additional 175,378 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in Booz Allen Hamilton by 34.8% in the 3rd quarter. Van ECK Associates Corp now owns 627,446 shares of the business services provider's stock worth $102,437,000 after purchasing an additional 162,083 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors.

Booz Allen Hamilton Stock Down 2.1 %

Shares of NYSE BAH traded down $2.66 during trading hours on Wednesday, hitting $121.75. The stock had a trading volume of 1,875,150 shares, compared to its average volume of 1,991,755. The company has a market capitalization of $15.42 billion, a P/E ratio of 18.14, a P/E/G ratio of 1.46 and a beta of 0.55. The firm's 50-day moving average price is $132.66 and its two-hundred day moving average price is $149.09. Booz Allen Hamilton Holding Co. has a 52 week low of $120.92 and a 52 week high of $190.59. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.56 and a current ratio of 1.57.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced 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%. Analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.33 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be paid a $0.55 dividend. This is a boost from Booz Allen Hamilton's previous quarterly dividend of $0.51. The ex-dividend date is Friday, February 14th. This represents a $2.20 annualized dividend and a dividend yield of 1.81%. Booz Allen Hamilton's payout ratio is presently 30.40%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BAH. StockNews.com cut Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Thursday, December 5th. TD Cowen dropped their price target on Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Truist Financial lowered their target price on Booz Allen Hamilton from $185.00 to $155.00 and set a "hold" rating on the stock in a research note on Friday, November 22nd. Jefferies Financial Group cut Booz Allen Hamilton from a "buy" rating to a "hold" rating and lifted their target price for the company from $180.00 to $190.00 in a research note on Monday, November 4th. Finally, Wells Fargo & Company lowered their target price on Booz Allen Hamilton from $177.00 to $171.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Booz Allen Hamilton currently has a consensus rating of "Moderate Buy" and a consensus price target of $158.91.

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.