Daiwa Securities Group Inc. Increases Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Daiwa Securities Group Inc. increased its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 6.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,294 shares of the business services provider’s stock after purchasing an additional 500 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Booz Allen Hamilton were worth $1,061,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Quantbot Technologies LP purchased a new position in shares of Booz Allen Hamilton in the 3rd quarter valued at about $1,395,000. Morgan Stanley increased its holdings in shares of Booz Allen Hamilton by 4.2% in the 3rd quarter. Morgan Stanley now owns 4,924,570 shares of the business services provider’s stock valued at $538,108,000 after purchasing an additional 199,449 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Booz Allen Hamilton by 28.5% in the 3rd quarter. Hsbc Holdings PLC now owns 78,201 shares of the business services provider’s stock valued at $8,558,000 after purchasing an additional 17,362 shares in the last quarter. DNB Asset Management AS increased its holdings in shares of Booz Allen Hamilton by 11.4% in the 4th quarter. DNB Asset Management AS now owns 157,632 shares of the business services provider’s stock valued at $20,163,000 after purchasing an additional 16,176 shares in the last quarter. Finally, Helios Capital Management PTE. Ltd. purchased a new position in shares of Booz Allen Hamilton in the 4th quarter valued at about $1,804,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BAH. Jefferies Financial Group increased their price objective on shares of Booz Allen Hamilton from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Wells Fargo & Company increased their price objective on shares of Booz Allen Hamilton from $138.00 to $158.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. JPMorgan Chase & Co. increased their price objective on shares of Booz Allen Hamilton from $120.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. The Goldman Sachs Group increased their price objective on shares of Booz Allen Hamilton from $141.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Finally, Barclays cut shares of Booz Allen Hamilton from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $145.11.

Booz Allen Hamilton Price Performance

Booz Allen Hamilton stock opened at $144.39 on Thursday. Booz Allen Hamilton Holding Co. has a 12-month low of $89.80 and a 12-month high of $150.59. The stock has a market capitalization of $18.73 billion, a P/E ratio of 46.48, a P/E/G ratio of 1.93 and a beta of 0.53. The firm’s 50-day moving average is $146.01 and its two-hundred day moving average is $134.66. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.68 and a quick ratio of 1.68.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, January 26th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.28. Booz Allen Hamilton had a net margin of 3.96% and a return on equity of 65.31%. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the previous year, the firm earned $1.07 earnings per share. Booz Allen Hamilton’s revenue was up 12.9% compared to the same quarter last year. Equities analysts predict that Booz Allen Hamilton Holding Co. will post 5.39 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 12th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.41%. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.47. The ex-dividend date was Friday, February 9th. Booz Allen Hamilton’s payout ratio is presently 65.81%.

Insider Activity at Booz Allen Hamilton

In related news, CFO Matthew Calderone sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $146.51, for a total value of $219,765.00. Following the completion of the sale, the chief financial officer now directly owns 25,462 shares in the company, valued at $3,730,437.62. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Booz Allen Hamilton news, CFO Matthew Calderone sold 1,500 shares of Booz Allen Hamilton stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $146.51, for a total transaction of $219,765.00. Following the transaction, the chief financial officer now directly owns 25,462 shares of the company’s stock, valued at $3,730,437.62. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Horacio Rozanski sold 49,000 shares of Booz Allen Hamilton stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $145.69, for a total transaction of $7,138,810.00. Following the transaction, the chief executive officer now directly owns 557,411 shares in the company, valued at $81,209,208.59. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,568 shares of company stock worth $8,067,487. 1.76% of the stock is owned by company insiders.

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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.