iA Global Asset Management Inc. Invests $354,000 in Booz Allen Hamilton Holding Co. (NYSE:BAH)

iA Global Asset Management Inc. acquired a new position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,752 shares of the business services provider’s stock, valued at approximately $354,000.

Several other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC raised its position in Booz Allen Hamilton by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,341,533 shares of the business services provider’s stock valued at $381,898,000 after purchasing an additional 58,038 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Booz Allen Hamilton in the 4th quarter valued at $173,055,000. Bank Julius Baer & Co. Ltd Zurich raised its position in Booz Allen Hamilton by 11.8% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,342,528 shares of the business services provider’s stock valued at $184,347,000 after purchasing an additional 141,541 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in Booz Allen Hamilton by 28.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider’s stock valued at $209,651,000 after purchasing an additional 285,621 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in Booz Allen Hamilton by 51.7% in the 4th quarter. Van ECK Associates Corp now owns 951,605 shares of the business services provider’s stock valued at $122,472,000 after purchasing an additional 324,159 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Analyst Upgrades and Downgrades

BAH has been the subject of several research reports. StockNews.com downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. cut their price objective on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating for the company in a research report on Monday, February 3rd. TD Cowen cut their price objective on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group cut their price objective on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Finally, Wells Fargo & Company cut their price objective on shares of Booz Allen Hamilton from $180.00 to $164.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Booz Allen Hamilton currently has an average rating of “Hold” and a consensus price target of $158.27.

Booz Allen Hamilton Stock Performance

NYSE:BAH opened at $104.23 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. Booz Allen Hamilton Holding Co. has a fifty-two week low of $101.05 and a fifty-two week high of $190.59. The stock has a market cap of $13.20 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. The firm’s fifty day simple moving average is $121.39 and its 200-day simple moving average is $142.00.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. Analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal 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 paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.11%. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, February 14th. Booz Allen Hamilton’s dividend payout ratio is presently 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.