Hsbc Holdings PLC Buys 67,178 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Hsbc Holdings PLC boosted its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 86.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 144,809 shares of the business services provider's stock after buying an additional 67,178 shares during the quarter. Hsbc Holdings PLC owned approximately 0.11% of Booz Allen Hamilton worth $18,592,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. GW&K Investment Management LLC increased its position in Booz Allen Hamilton by 0.7% during the fourth quarter. GW&K Investment Management LLC now owns 461,517 shares of the business services provider's stock worth $59,397,000 after buying an additional 3,435 shares during the last quarter. Versor Investments LP bought a new stake in shares of Booz Allen Hamilton during the fourth quarter worth approximately $933,000. FIL Ltd boosted its holdings in shares of Booz Allen Hamilton by 63.3% during the fourth quarter. FIL Ltd now owns 153,343 shares of the business services provider's stock worth $19,735,000 after acquiring an additional 59,440 shares during the period. Bridges Investment Management Inc. boosted its holdings in shares of Booz Allen Hamilton by 19.2% during the fourth quarter. Bridges Investment Management Inc. now owns 117,661 shares of the business services provider's stock worth $15,143,000 after acquiring an additional 18,930 shares during the period. Finally, Cumberland Partners Ltd boosted its holdings in shares of Booz Allen Hamilton by 92.2% during the fourth quarter. Cumberland Partners Ltd now owns 99,330 shares of the business services provider's stock worth $12,784,000 after acquiring an additional 47,655 shares during the period. Institutional investors and hedge funds own 91.82% of the company's stock.

Booz Allen Hamilton Price Performance

NYSE:BAH traded down $0.47 on Thursday, hitting $119.55. The company had a trading volume of 1,397,829 shares, compared to its average volume of 1,529,560. The firm has a 50 day moving average of $110.81 and a two-hundred day moving average of $132.47. The stock has a market capitalization of $15.14 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 1.25 and a beta of 0.58. Booz Allen Hamilton Holding Co. has a 52 week low of $101.05 and a 52 week 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 - Get Free Report) last released its quarterly earnings data 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 return on equity of 68.97% and a net margin of 7.39%. On average, research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date was Friday, February 14th. This is a positive change from Booz Allen Hamilton's previous quarterly dividend of $0.51. Booz Allen Hamilton's dividend payout ratio (DPR) is 32.79%.

Analyst Ratings Changes

BAH has been the subject of a number of research analyst reports. Truist Financial reduced their price objective on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a report on Monday, April 14th. Raymond James upgraded Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price objective for the company in a report on Monday, February 3rd. TD Cowen reduced their price target on Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company dropped their price objective on Booz Allen Hamilton from $164.00 to $148.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Cantor Fitzgerald raised Booz Allen Hamilton to a "strong-buy" rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $146.45.

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.