AGF Management Ltd. Sells 1,770,094 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

AGF Management Ltd. cut its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 99.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,778 shares of the business services provider’s stock after selling 1,770,094 shares during the period. AGF Management Ltd.’s holdings in Booz Allen Hamilton were worth $358,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. S&CO Inc. boosted its holdings in Booz Allen Hamilton by 3.5% in the 4th quarter. S&CO Inc. now owns 5,890 shares of the business services provider’s stock valued at $758,000 after purchasing an additional 200 shares during the period. Independent Advisor Alliance boosted its holdings in Booz Allen Hamilton by 3.0% in the 4th quarter. Independent Advisor Alliance now owns 6,757 shares of the business services provider’s stock valued at $870,000 after purchasing an additional 198 shares during the period. Daiwa Securities Group Inc. boosted its holdings in Booz Allen Hamilton by 110.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 20,594 shares of the business services provider’s stock valued at $2,650,000 after purchasing an additional 10,800 shares during the period. Taika Capital LP bought a new stake in shares of Booz Allen Hamilton during the 4th quarter worth $2,721,000. Finally, AlphaQuest LLC lifted its holdings in shares of Booz Allen Hamilton by 224.7% during the 4th quarter. AlphaQuest LLC now owns 4,662 shares of the business services provider’s stock worth $600,000 after acquiring an additional 3,226 shares during the last quarter. 91.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on BAH shares. UBS Group started coverage on shares of Booz Allen Hamilton in a report on Monday, December 2nd. They set a “neutral” rating and a $159.00 price objective for the company. Raymond James raised shares of 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. JPMorgan Chase & Co. dropped 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 report on Monday, February 3rd. StockNews.com cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, Cantor Fitzgerald upgraded shares of Booz Allen Hamilton to a “strong-buy” rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Booz Allen Hamilton has a consensus rating of “Hold” and a consensus target price of $158.27.

Booz Allen Hamilton Price Performance

BAH stock opened at $111.96 on Friday. The firm’s 50-day moving average price is $123.40 and its two-hundred day moving average price is $143.64. Booz Allen Hamilton Holding Co. has a 12-month low of $101.82 and a 12-month high of $190.59. The stock has a market capitalization of $14.18 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 1.25 and a beta of 0.56. 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) last announced its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, beating 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%. As a group, equities analysts predict that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were paid a dividend of $0.55 per share. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, February 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.96%. Booz Allen Hamilton’s payout ratio is presently 32.79%.

Booz Allen Hamilton Company 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.