Taikang Asset Management Hong Kong Co Ltd Acquires 12,786 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Taikang Asset Management Hong Kong Co Ltd raised its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 134.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 22,304 shares of the business services provider’s stock after acquiring an additional 12,786 shares during the period. Taikang Asset Management Hong Kong Co Ltd’s holdings in Booz Allen Hamilton were worth $2,871,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Booz Allen Hamilton in the third quarter worth approximately $316,000. Citigroup Inc. boosted its stake in shares of Booz Allen Hamilton by 3.4% in the 3rd quarter. Citigroup Inc. now owns 92,631 shares of the business services provider’s stock worth $15,077,000 after buying an additional 3,022 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of Booz Allen Hamilton by 39.7% in the third quarter. Cerity Partners LLC now owns 37,401 shares of the business services provider’s stock worth $6,087,000 after acquiring an additional 10,623 shares during the period. Westfield Capital Management Co. LP purchased a new stake in Booz Allen Hamilton during the third quarter valued at $48,349,000. Finally, Horizon Kinetics Asset Management LLC lifted its holdings in Booz Allen Hamilton by 13.8% in the third quarter. Horizon Kinetics Asset Management LLC now owns 4,572 shares of the business services provider’s stock valued at $744,000 after acquiring an additional 556 shares during the period. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Stock Performance

NYSE:BAH opened at $105.15 on Tuesday. The stock has a 50-day moving average price of $120.79 and a 200 day moving average price of $141.53. The stock has a market capitalization of $13.32 billion, a P/E ratio of 15.67, a P/E/G ratio of 1.25 and a beta of 0.56. Booz Allen Hamilton Holding Co. has a 12-month low of $101.05 and a 12-month high of $190.59. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were given 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 dividend on an annualized basis and a dividend yield of 2.09%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 32.79%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BAH shares. Wells Fargo & Company cut their price target on Booz Allen Hamilton from $180.00 to $164.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. UBS Group began coverage on shares of Booz Allen Hamilton in a report on Monday, December 2nd. They set a “neutral” rating and a $159.00 target price for the company. StockNews.com cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. William Blair lowered Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. Finally, Cantor Fitzgerald upgraded 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 issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $158.27.

Booz Allen Hamilton Company 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.