3,000 Shares in Booz Allen Hamilton Holding Co. (NYSE:BAH) Acquired by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. acquired a new position in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,000 shares of the business services provider's stock, valued at approximately $385,000.

Several other large investors have also recently made changes to their positions in BAH. Norges Bank acquired a new stake in shares of Booz Allen Hamilton in the fourth quarter valued at about $196,578,000. Raymond James Financial Inc. purchased a new stake in shares of Booz Allen Hamilton during the 4th quarter valued at approximately $173,055,000. Renaissance Technologies LLC lifted its stake in shares of Booz Allen Hamilton by 1,111.3% in the 4th quarter. Renaissance Technologies LLC now owns 606,794 shares of the business services provider's stock valued at $78,094,000 after purchasing an additional 556,700 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Booz Allen Hamilton by 12.5% in 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 buying an additional 501,725 shares during the period. Finally, Alliancebernstein L.P. raised its stake in shares of Booz Allen Hamilton by 78.8% in the 4th quarter. Alliancebernstein L.P. now owns 1,033,475 shares of the business services provider's stock valued at $133,008,000 after acquiring an additional 455,605 shares during the period. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BAH. The Goldman Sachs Group reiterated a "neutral" rating and issued a $109.00 price objective (down from $150.00) on shares of Booz Allen Hamilton in a research note on Friday, April 11th. TD Cowen dropped their target price on shares of 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. 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 research note on Monday, April 14th. William Blair downgraded shares of Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. lowered their price target on Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating on the stock in a report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $146.45.

Booz Allen Hamilton Stock Up 0.1 %

Shares of NYSE:BAH traded up $0.14 during midday trading on Friday, hitting $119.67. 1,418,444 shares of the company's stock traded hands, compared to its average volume of 1,538,340. The firm's fifty day moving average price is $111.06 and its two-hundred day moving average price is $131.43. The company has a market cap of $15.16 billion, a PE ratio of 17.83, a P/E/G ratio of 1.25 and a beta of 0.56. Booz Allen Hamilton Holding Co. has a twelve month low of $101.05 and a twelve month high of $190.59. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 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, equities research analysts anticipate 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 declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Booz Allen Hamilton's previous quarterly dividend of $0.51. Booz Allen Hamilton's payout ratio is 32.79%.

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.