Skandinaviska Enskilda Banken AB publ Invests $3.50 Million in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Skandinaviska Enskilda Banken AB publ purchased a new position in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 27,200 shares of the business services provider's stock, valued at approximately $3,496,000.

Other hedge funds have also added to or reduced their stakes in the company. Peterson Financial Group Inc. bought a new stake in Booz Allen Hamilton in the third quarter worth $31,000. Bogart Wealth LLC raised its stake in shares of Booz Allen Hamilton by 387.5% during the fourth quarter. Bogart Wealth LLC now owns 195 shares of the business services provider's stock valued at $25,000 after acquiring an additional 155 shares during the last quarter. OFI Invest Asset Management bought a new position in shares of Booz Allen Hamilton during the fourth quarter valued at about $25,000. EverSource Wealth Advisors LLC raised its stake in shares of Booz Allen Hamilton by 144.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock valued at $29,000 after acquiring an additional 134 shares during the last quarter. Finally, SRS Capital Advisors Inc. raised its stake in shares of Booz Allen Hamilton by 3,314.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock valued at $31,000 after acquiring an additional 232 shares during the last quarter. 91.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BAH. Truist Financial lowered their price objective on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a "hold" rating for the company in a research note on Friday, November 22nd. Raymond James raised shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price objective for the company in a research note on Monday, February 3rd. TD Cowen lowered their price objective on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Barclays upgraded shares of Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 price target on the stock in a research report on Monday, January 6th. Finally, The Goldman Sachs Group reduced their price target on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a "buy" rating on the stock in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $158.27.

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Booz Allen Hamilton Stock Down 8.1 %

Shares of NYSE:BAH traded down $9.11 during trading on Thursday, reaching $103.60. 4,975,879 shares of the stock traded hands, compared to its average volume of 1,249,088. The stock has a 50-day moving average of $122.48 and a two-hundred day moving average of $142.75. Booz Allen Hamilton Holding Co. has a 52-week low of $101.82 and a 52-week high of $190.59. 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 stock has a market cap of $13.12 billion, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. As a group, sell-side analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were given a dividend of $0.55 per share. This is an increase from Booz Allen Hamilton's previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.20 dividend on an annualized basis and a yield of 2.12%. Booz Allen Hamilton's dividend payout ratio is 32.79%.

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.