LGT Fund Management Co Ltd. Makes New $2 Million Investment in Booz Allen Hamilton Holding Co. (NYSE:BAH)

LGT Fund Management Co Ltd. acquired a new position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 15,563 shares of the business services provider’s stock, valued at approximately $2,003,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Plato Investment Management Ltd acquired a new position in shares of Booz Allen Hamilton during the 4th quarter worth about $793,000. SBI Securities Co. Ltd. acquired a new position in shares of Booz Allen Hamilton during the 4th quarter worth about $80,000. Jones Financial Companies Lllp boosted its position in shares of Booz Allen Hamilton by 54.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,412 shares of the business services provider’s stock worth $182,000 after acquiring an additional 499 shares in the last quarter. SRS Capital Advisors Inc. boosted its position in shares of Booz Allen Hamilton by 3,314.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider’s stock worth $31,000 after acquiring an additional 232 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Booz Allen Hamilton by 33.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 440 shares of the business services provider’s stock worth $56,000 after acquiring an additional 110 shares in the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on BAH shares. Wells Fargo & Company lowered their price objective on Booz Allen Hamilton from $180.00 to $164.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Jefferies Financial Group cut Booz Allen Hamilton from a “buy” rating to a “hold” rating and upped their target price for the company from $180.00 to $190.00 in a research report on Monday, November 4th. UBS Group initiated coverage on Booz Allen Hamilton in a research report on Monday, December 2nd. They issued a “neutral” rating and a $159.00 target price for the company. JPMorgan Chase & Co. decreased their target price on Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating for the company in a research report on Monday, February 3rd. Finally, Cantor Fitzgerald raised Booz Allen Hamilton to a “strong-buy” rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $158.27.

Booz Allen Hamilton Stock Down 3.2 %

Booz Allen Hamilton stock opened at $102.65 on Tuesday. Booz Allen Hamilton Holding Co. has a twelve month low of $101.82 and a twelve month high of $190.59. The stock has a 50 day moving average of $127.31 and a two-hundred day moving average of $146.53. 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 market capitalization of $13.00 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 1.25 and a beta of 0.55.

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 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%. As a group, research analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.14%. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date is Friday, February 14th. Booz Allen Hamilton’s dividend payout ratio is 32.79%.

Booz Allen Hamilton 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.