AIA Group Ltd Purchases 800 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

AIA Group Ltd increased its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 8.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,700 shares of the business services provider’s stock after acquiring an additional 800 shares during the quarter. AIA Group Ltd’s holdings in Booz Allen Hamilton were worth $1,369,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BAH. Morgan Stanley lifted its position in shares of Booz Allen Hamilton by 312.6% in the 4th quarter. Morgan Stanley now owns 5,079,195 shares of the business services provider’s stock worth $530,878,000 after purchasing an additional 3,848,242 shares during the period. Norges Bank purchased a new stake in Booz Allen Hamilton during the fourth quarter worth $159,500,000. WCM Investment Management LLC boosted its position in Booz Allen Hamilton by 53.0% during the 1st quarter. WCM Investment Management LLC now owns 4,147,380 shares of the business services provider’s stock valued at $384,421,000 after acquiring an additional 1,435,898 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Booz Allen Hamilton by 64.1% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,992,096 shares of the business services provider’s stock valued at $217,676,000 after acquiring an additional 778,437 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of Booz Allen Hamilton by 19.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,546,664 shares of the business services provider’s stock worth $497,084,000 after acquiring an additional 736,404 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors.

Booz Allen Hamilton Stock Down 0.5 %

Shares of BAH stock opened at $139.51 on Friday. Booz Allen Hamilton Holding Co. has a fifty-two week low of $89.80 and a fifty-two week high of $150.59. The firm has a market capitalization of $18.10 billion, a PE ratio of 45.00, a P/E/G ratio of 1.91 and a beta of 0.53. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.68 and a current ratio of 1.68. The stock’s 50-day simple moving average is $146.13 and its 200-day simple moving average is $133.82.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results on Friday, January 26th. The business services provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.28. Booz Allen Hamilton had a net margin of 3.96% and a return on equity of 65.31%. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the prior year, the company earned $1.07 EPS. Booz Allen Hamilton’s quarterly revenue was up 12.9% on a year-over-year basis. Equities analysts expect that Booz Allen Hamilton Holding Co. will post 5.39 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 12th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, February 9th. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.47. This represents a $2.04 dividend on an annualized basis and a yield of 1.46%. Booz Allen Hamilton’s payout ratio is currently 65.81%.

Insider Buying and Selling at Booz Allen Hamilton

In other news, CFO Matthew Calderone sold 1,500 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $146.51, for a total value of $219,765.00. Following the completion of the transaction, the chief financial officer now owns 25,462 shares of the company’s stock, valued at approximately $3,730,437.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Booz Allen Hamilton news, COO Kristine Anderson sold 5,068 shares of Booz Allen Hamilton stock in a transaction on Friday, January 26th. The shares were sold at an average price of $139.88, for a total value of $708,911.84. Following the completion of the transaction, the chief operating officer now owns 71,656 shares of the company’s stock, valued at $10,023,241.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Matthew Calderone sold 1,500 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $146.51, for a total transaction of $219,765.00. Following the completion of the transaction, the chief financial officer now owns 25,462 shares of the company’s stock, valued at approximately $3,730,437.62. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,568 shares of company stock valued at $8,067,487. 1.76% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. lifted their target price on Booz Allen Hamilton from $120.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. Barclays lowered shares of Booz Allen Hamilton from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 5th. Wells Fargo & Company raised their target price on shares of Booz Allen Hamilton from $138.00 to $158.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. Truist Financial lifted their price target on shares of Booz Allen Hamilton from $120.00 to $145.00 and gave the stock a “hold” rating in a report on Monday, January 29th. Finally, The Goldman Sachs Group increased their price objective on Booz Allen Hamilton from $141.00 to $158.00 and gave the company a “buy” rating in a report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Booz Allen Hamilton currently has an average rating of “Hold” and a consensus price target of $145.11.

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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.