Skandinaviska Enskilda Banken AB publ Buys Shares of 27,200 Booz Allen Hamilton Holding Co. (NYSE:BAH)

Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 27,200 shares of the business services provider’s stock, valued at approximately $3,496,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Bogart Wealth LLC boosted its holdings in shares of Booz Allen Hamilton by 387.5% during the fourth quarter. Bogart Wealth LLC now owns 195 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 155 shares during the period. OFI Invest Asset Management acquired a new position in shares of Booz Allen Hamilton during the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Booz Allen Hamilton by 144.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 134 shares during the period. Peterson Financial Group Inc. acquired a new position in shares of Booz Allen Hamilton during the third quarter valued at $31,000. Finally, R Squared Ltd acquired a new position in shares of Booz Allen Hamilton during the fourth quarter valued at $31,000. Institutional investors own 91.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BAH. JPMorgan Chase & Co. reduced their price target on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating for the company in a report on Monday, February 3rd. Truist Financial reduced their price objective on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a report on Friday, November 22nd. 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. Cantor Fitzgerald raised shares of Booz Allen Hamilton to a “strong-buy” rating in a report on Tuesday, February 25th. Finally, TD Cowen reduced their price objective on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Booz Allen Hamilton currently has an average rating of “Hold” and a consensus target price of $158.27.

Booz Allen Hamilton Price Performance

NYSE BAH opened at $111.96 on Monday. The stock’s 50-day moving average price is $123.40 and its two-hundred day moving average price is $143.55. 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 company has a market cap of $14.18 billion, a PE ratio of 16.69, a PEG ratio of 1.25 and a beta of 0.56. Booz Allen Hamilton Holding Co. has a 1 year low of $101.82 and a 1 year high of $190.59.

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 (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 predict that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were issued a $0.55 dividend. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, February 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.96%. Booz Allen Hamilton’s dividend 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.