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

OVERSEA CHINESE BANKING Corp Ltd boosted its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 38.1% during the fourth quarter, Holdings Channel.com reports. 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 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Geode Capital Management LLC increased its stake in shares of Booz Allen Hamilton by 2.5% in the third quarter. Geode Capital Management LLC now owns 2,341,533 shares of the business services provider’s stock worth $381,898,000 after acquiring an additional 58,038 shares during the period. Raymond James Financial Inc. acquired a new stake in Booz Allen Hamilton during the 4th quarter worth about $173,055,000. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Booz Allen Hamilton by 11.8% during the 4th 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 buying an additional 141,541 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Booz Allen Hamilton by 28.5% in the 3rd 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 period. Finally, Eagle Asset Management Inc. boosted its stake in shares of Booz Allen Hamilton by 3.6% in the third quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider’s stock worth $155,810,000 after buying an additional 32,897 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. UBS Group started coverage on Booz Allen Hamilton in a research report on Monday, December 2nd. They issued a “neutral” rating and a $159.00 price objective on the stock. 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 lowered shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. StockNews.com cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Finally, TD Cowen dropped their price objective 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $158.27.

Booz Allen Hamilton Price Performance

Booz Allen Hamilton stock opened at $112.54 on Thursday. The company has a fifty day simple moving average of $122.48 and a 200-day simple moving average of $142.75. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. The firm has a market capitalization of $14.25 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 1.25 and a beta of 0.56. 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) last released its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates 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, equities analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current fiscal 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 paid a dividend of $0.55 per share. The ex-dividend date was Friday, February 14th. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.51. This represents a $2.20 dividend on an annualized basis and a yield of 1.95%. Booz Allen Hamilton’s payout ratio is 32.79%.

About Booz Allen Hamilton

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.