Norges Bank Acquires New Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Norges Bank purchased a new stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 1,527,412 shares of the business services provider’s stock, valued at approximately $196,578,000. Norges Bank owned about 1.21% of Booz Allen Hamilton as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in BAH. JPMorgan Chase & Co. grew its holdings in shares of Booz Allen Hamilton by 12.5% during the 4th 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 during the period. Geode Capital Management LLC grew its stake in Booz Allen Hamilton by 2.5% during 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 buying an additional 58,038 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Booz Allen Hamilton in the fourth quarter worth $173,055,000. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Booz Allen Hamilton by 11.8% in 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 acquiring an additional 141,541 shares during the period. Finally, Van ECK Associates Corp lifted 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 valued at $122,472,000 after acquiring an additional 324,159 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Wall Street Analyst Weigh In

BAH has been the topic of a number of recent research reports. Wells Fargo & Company reduced their price objective on Booz Allen Hamilton from $180.00 to $164.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Raymond James raised shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a research report on Monday, February 3rd. Cantor Fitzgerald raised shares of Booz Allen Hamilton to a “strong-buy” rating in a research report on Tuesday, February 25th. Barclays raised shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price target for the company in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating on the stock in a report on Monday, February 3rd. 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, Booz Allen Hamilton presently has a consensus rating of “Hold” and an average price target of $158.27.

Booz Allen Hamilton Trading Down 0.5 %

Shares of NYSE BAH opened at $105.30 on Monday. The stock has a market capitalization of $13.34 billion, a P/E ratio of 15.69, a PEG ratio of 1.25 and a beta of 0.56. The stock’s 50 day moving average price is $118.36 and its two-hundred day moving average price is $140.24. 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 Holding Co. has a 52-week low of $101.05 and a 52-week high of $190.59.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate 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, analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were paid a dividend of $0.55 per share. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, February 14th. This represents a $2.20 annualized dividend and a yield of 2.09%. Booz Allen Hamilton’s dividend 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.