Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Purchased by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co grew its position in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 14.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,689 shares of the business services provider's stock after purchasing an additional 7,860 shares during the quarter. CANADA LIFE ASSURANCE Co's holdings in Booz Allen Hamilton were worth $7,803,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in BAH. Norges Bank acquired a new position in Booz Allen Hamilton in the 4th quarter worth approximately $196,578,000. Raymond James Financial Inc. purchased a new stake in Booz Allen Hamilton in the 4th quarter worth approximately $173,055,000. Renaissance Technologies LLC grew its stake in shares of Booz Allen Hamilton by 1,111.3% during the 4th quarter. Renaissance Technologies LLC now owns 606,794 shares of the business services provider's stock worth $78,094,000 after purchasing an additional 556,700 shares during the period. JPMorgan Chase & Co. increased 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 valued at $581,516,000 after purchasing an additional 501,725 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Booz Allen Hamilton by 78.8% during the fourth quarter. Alliancebernstein L.P. now owns 1,033,475 shares of the business services provider's stock worth $133,008,000 after buying an additional 455,605 shares in the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

Booz Allen Hamilton Stock Performance

Shares of Booz Allen Hamilton stock traded down $0.69 during trading hours on Monday, hitting $118.90. 1,142,324 shares of the company were exchanged, compared to its average volume of 1,524,257. 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 $15.06 billion, a price-to-earnings ratio of 17.72, a P/E/G ratio of 1.25 and a beta of 0.58. The business has a 50-day moving average of $110.54 and a 200-day moving average of $132.64. Booz Allen Hamilton Holding Co. has a 1 year low of $101.05 and a 1 year high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share 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%. As a group, analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders 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. This represents a $2.20 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Friday, February 14th. Booz Allen Hamilton's payout ratio is presently 32.79%.

Wall Street Analysts Forecast Growth

BAH has been the subject of several research reports. Cantor Fitzgerald upgraded Booz Allen Hamilton to a "strong-buy" rating in a research note 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 on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. dropped their price objective on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating for the company in a report on Tuesday, April 15th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $109.00 target price (down from $150.00) on shares of Booz Allen Hamilton in a report on Friday, April 11th. Finally, Raymond James upgraded shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price target for the company in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $146.45.

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.