Nan Fung Trinity HK Ltd. bought a new stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 49,500 shares of the business services provider’s stock, valued at approximately $4,948,000.
Other hedge funds have also bought and sold shares of the company. Rakuten Securities Inc. increased its position in shares of Booz Allen Hamilton by 414.6% during the 2nd quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 199 shares during the last quarter. West Branch Capital LLC grew its position in Booz Allen Hamilton by 58.3% during the third quarter. West Branch Capital LLC now owns 285 shares of the business services provider’s stock valued at $28,000 after buying an additional 105 shares during the period. Golden State Wealth Management LLC increased its holdings in Booz Allen Hamilton by 244.9% during the second quarter. Golden State Wealth Management LLC now owns 338 shares of the business services provider’s stock worth $35,000 after buying an additional 240 shares during the last quarter. Eastern Bank bought a new stake in Booz Allen Hamilton in the third quarter worth about $35,000. Finally, Trust Co. of Toledo NA OH purchased a new position in Booz Allen Hamilton in the second quarter valued at about $39,000. 91.82% of the stock is currently owned by institutional investors.
Booz Allen Hamilton Stock Performance
NYSE:BAH opened at $88.30 on Friday. The business’s fifty day moving average is $89.25 and its 200 day moving average is $96.69. The firm has a market cap of $10.65 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 5.20 and a beta of 0.34. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.76 and a current ratio of 1.81. Booz Allen Hamilton Holding Corporation has a 52-week low of $79.23 and a 52-week high of $134.27.
Booz Allen Hamilton Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be paid a $0.59 dividend. The ex-dividend date is Friday, February 13th. This represents a $2.36 annualized dividend and a yield of 2.7%. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.55. Booz Allen Hamilton’s dividend payout ratio is currently 32.69%.
Analysts Set New Price Targets
BAH has been the subject of several research analyst reports. Stifel Nicolaus raised their price target on shares of Booz Allen Hamilton from $106.00 to $115.00 and gave the stock a “hold” rating in a research note on Monday, January 26th. TD Cowen downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Friday, October 17th. Jefferies Financial Group dropped their price target on Booz Allen Hamilton from $100.00 to $95.00 and set a “hold” rating on the stock in a research report on Thursday, December 18th. JPMorgan Chase & Co. cut their price target on Booz Allen Hamilton from $122.00 to $90.00 and set an “underweight” rating for the company in a research note on Monday, October 27th. Finally, Bank of America cut Booz Allen Hamilton from a “buy” rating to an “underperform” rating and set a $90.00 price objective on the stock. in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $108.93.
Read Our Latest Research Report on BAH
About Booz Allen Hamilton
Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.
Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.
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