OVERSEA CHINESE BANKING Corp Ltd Raises Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

OVERSEA CHINESE BANKING Corp Ltd lifted its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 38.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,519 shares of the business services provider’s stock after purchasing an additional 1,522 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Booz Allen Hamilton were worth $710,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. GW&K Investment Management LLC increased its position in Booz Allen Hamilton by 0.7% in the fourth quarter. GW&K Investment Management LLC now owns 461,517 shares of the business services provider’s stock worth $59,397,000 after buying an additional 3,435 shares in the last quarter. Versor Investments LP bought a new position in shares of Booz Allen Hamilton in the fourth quarter worth approximately $933,000. Bridges Investment Management Inc. increased its stake in shares of Booz Allen Hamilton by 19.2% in the fourth quarter. Bridges Investment Management Inc. now owns 117,661 shares of the business services provider’s stock worth $15,143,000 after purchasing an additional 18,930 shares in the last quarter. Cumberland Partners Ltd raised its position in shares of Booz Allen Hamilton by 92.2% during the 4th quarter. Cumberland Partners Ltd now owns 99,330 shares of the business services provider’s stock valued at $12,784,000 after purchasing an additional 47,655 shares during the period. Finally, Van ECK Associates Corp lifted its stake in shares of Booz Allen Hamilton by 51.7% during the 4th quarter. Van ECK Associates Corp now owns 951,605 shares of the business services provider’s stock valued at $122,472,000 after buying an additional 324,159 shares in the last quarter. 91.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BAH. Wells Fargo & Company lowered their price objective 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. Barclays raised shares of 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. William Blair downgraded shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. Truist Financial cut their target price 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. Finally, UBS Group assumed coverage on shares of Booz Allen Hamilton in a research note on Monday, December 2nd. They issued a “neutral” rating and a $159.00 price target on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $158.27.

Booz Allen Hamilton Trading Down 3.4 %

BAH opened at $112.54 on Thursday. Booz Allen Hamilton Holding Co. has a 12 month low of $101.82 and a 12 month high of $190.59. 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 stock has a 50-day moving average of $122.48 and a 200 day moving average of $142.75. The firm has a market cap of $14.25 billion, a P/E ratio of 16.77, a P/E/G ratio of 1.25 and a beta of 0.56.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share 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%. As a group, research analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.95%. 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 dividend 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.