DnB Asset Management AS Has $3.36 Million Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

DnB Asset Management AS cut its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 4.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 26,079 shares of the business services provider’s stock after selling 1,077 shares during the quarter. DnB Asset Management AS’s holdings in Booz Allen Hamilton were worth $3,356,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of BAH. Norges Bank acquired a new stake in Booz Allen Hamilton during the 4th quarter worth about $196,578,000. Raymond James Financial Inc. acquired a new stake in Booz Allen Hamilton during the fourth quarter worth approximately $173,055,000. JPMorgan Chase & Co. increased 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 worth $581,516,000 after purchasing an additional 501,725 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in Booz Allen Hamilton by 328.1% in the fourth quarter. Teacher Retirement System of Texas now owns 431,043 shares of the business services provider’s stock valued at $55,475,000 after buying an additional 330,344 shares during the period. Finally, Van ECK Associates Corp boosted its holdings 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 worth $122,472,000 after buying an additional 324,159 shares in the last quarter. Institutional investors own 91.82% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on BAH. StockNews.com lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. TD Cowen dropped their price objective on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. The Goldman Sachs Group decreased their target price on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. William Blair lowered Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. Finally, UBS Group assumed coverage on Booz Allen Hamilton in a report on Monday, December 2nd. They set a “neutral” rating and a $159.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Booz Allen Hamilton currently has a consensus rating of “Hold” and an average target price of $158.27.

Booz Allen Hamilton Price Performance

Booz Allen Hamilton stock opened at $104.84 on Tuesday. The business has a 50-day simple moving average of $117.73 and a 200 day simple moving average of $139.89. Booz Allen Hamilton Holding Co. has a 52 week low of $101.05 and a 52 week high of $190.59. The stock has a market cap of $13.28 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 1.25 and a beta of 0.56. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. On average, research analysts forecast 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. Stockholders of record on Friday, February 14th were issued a dividend of $0.55 per share. 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 dividend yield of 2.10%. The ex-dividend date of this dividend was Friday, February 14th. Booz Allen Hamilton’s payout ratio is currently 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.