Raymond James Financial Inc. Makes New $173.06 Million Investment in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Raymond James Financial Inc. bought a new position in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,344,640 shares of the business services provider's stock, valued at approximately $173,055,000. Raymond James Financial Inc. owned approximately 1.06% of Booz Allen Hamilton at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BAH. Van ECK Associates Corp lifted its position in shares of Booz Allen Hamilton by 51.7% in the fourth quarter. Van ECK Associates Corp now owns 951,605 shares of the business services provider's stock worth $122,472,000 after buying an additional 324,159 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in Booz Allen Hamilton during the third quarter valued at approximately $48,349,000. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Booz Allen Hamilton by 28.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider's stock valued at $209,651,000 after buying an additional 285,621 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in shares of Booz Allen Hamilton by 878.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 243,882 shares of the business services provider's stock valued at $31,388,000 after buying an additional 218,949 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Booz Allen Hamilton by 111.6% during the third quarter. FMR LLC now owns 356,828 shares of the business services provider's stock valued at $58,077,000 after buying an additional 188,185 shares during the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

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Booz Allen Hamilton Stock Performance

BAH stock traded down $3.96 during midday trading on Monday, reaching $112.51. The stock had a trading volume of 3,237,578 shares, compared to its average volume of 1,191,455. The stock has a market cap of $14.25 billion, a PE ratio of 16.77, a P/E/G ratio of 1.25 and a beta of 0.56. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a fifty day simple moving average of $125.17 and a two-hundred day simple moving average of $145.08. 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 announced 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 return on equity of 68.97% and a net margin of 7.39%. As a group, equities research analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The company also recently disclosed 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 1.96%. This is a boost from Booz Allen Hamilton's previous quarterly dividend of $0.51. The ex-dividend date was Friday, February 14th. Booz Allen Hamilton's payout ratio is presently 32.79%.

Analysts Set New Price Targets

A number of research analysts have recently commented on BAH shares. UBS Group assumed coverage on Booz Allen Hamilton in a research note on Monday, December 2nd. They set a "neutral" rating and a $159.00 target price on the stock. Truist Financial dropped their price objective 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. The Goldman Sachs Group dropped their price objective on Booz Allen Hamilton from $210.00 to $158.00 and set a "buy" rating on the stock in a research note on Thursday, December 12th. JPMorgan Chase & Co. dropped 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. Finally, Wells Fargo & Company dropped their target price on Booz Allen Hamilton from $180.00 to $164.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $158.27.

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.