Resona Asset 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 disclosure with the SEC. The institutional investor acquired 43,509 shares of the business services provider's stock, valued at approximately $5,604,000.
Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in Booz Allen Hamilton by 12.5% in the fourth quarter. JPMorgan Chase & Co. now owns 4,518,386 shares of the business services provider's stock valued at $581,516,000 after purchasing an additional 501,725 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Booz Allen Hamilton by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,341,533 shares of the business services provider's stock valued at $381,898,000 after buying an additional 58,038 shares in the last quarter. Norges Bank purchased a new position in shares of Booz Allen Hamilton in the 4th quarter valued at $196,578,000. Raymond James Financial Inc. acquired a new stake in Booz Allen Hamilton during the 4th quarter worth $173,055,000. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its position in Booz Allen Hamilton by 11.8% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,342,528 shares of the business services provider's stock valued at $184,347,000 after acquiring an additional 141,541 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on BAH. Cantor Fitzgerald raised Booz Allen Hamilton to a "strong-buy" rating in a report on Tuesday, February 25th. Wells Fargo & Company cut their target price on shares of Booz Allen Hamilton from $164.00 to $148.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Truist Financial dropped their price objective on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a research note on Monday. TD Cowen lowered their price target 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. Finally, Barclays raised Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 price objective for the company in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $148.27.
View Our Latest Stock Report on BAH
Booz Allen Hamilton Price Performance
Shares of NYSE:BAH traded up $2.11 during trading on Monday, hitting $110.89. 263,065 shares of the stock were exchanged, compared to its average volume of 1,462,845. Booz Allen Hamilton Holding Co. has a 12-month low of $101.05 and a 12-month high of $190.59. The company has a market cap of $14.04 billion, a PE ratio of 16.53, a P/E/G ratio of 1.25 and a beta of 0.58. The company has a fifty day moving average price of $112.29 and a two-hundred day moving average price of $136.22. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72.
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 (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%. On average, analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current year.
Booz Allen Hamilton Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.98%. 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 32.79%.
Booz Allen Hamilton Profile
(
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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