Anchor Capital Advisors LLC Sells 196,265 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Anchor Capital Advisors LLC decreased its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 50.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 195,143 shares of the business services provider’s stock after selling 196,265 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Booz Allen Hamilton were worth $25,115,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Cumberland Partners Ltd lifted its holdings in Booz Allen Hamilton by 92.2% in the fourth quarter. Cumberland Partners Ltd now owns 99,330 shares of the business services provider’s stock valued at $12,784,000 after buying an additional 47,655 shares during the period. Van ECK Associates Corp lifted its stake in shares of 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 period. Empirical Asset Management LLC bought a new stake in shares of Booz Allen Hamilton during the 4th quarter valued at about $1,900,000. Alberta Investment Management Corp bought a new stake in shares of Booz Allen Hamilton during the 4th quarter valued at about $3,784,000. Finally, Blue Trust Inc. grew its stake in Booz Allen Hamilton by 133.8% during the fourth quarter. Blue Trust Inc. now owns 6,566 shares of the business services provider’s stock worth $845,000 after purchasing an additional 3,758 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

Booz Allen Hamilton Price Performance

BAH stock opened at $110.92 on Friday. The company has a market capitalization of $14.05 billion, a P/E ratio of 16.53, a price-to-earnings-growth ratio of 1.25 and a beta of 0.55. Booz Allen Hamilton Holding Co. has a 52-week low of $106.69 and a 52-week high of $190.59. The business has a 50-day simple moving average of $128.17 and a two-hundred day simple moving average of $147.07. 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) last announced its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share (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%. Research analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be given a dividend of $0.55 per share. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Friday, February 14th. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 32.79%.

Wall Street Analysts Forecast Growth

BAH has been the topic of a number of research analyst reports. Jefferies Financial Group cut Booz Allen Hamilton from a “buy” rating to a “hold” rating and increased their price target for the stock from $180.00 to $190.00 in a report on Monday, November 4th. Truist Financial cut their target price on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research note on Friday, November 22nd. Barclays raised shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price target for the company in a research note on Monday, January 6th. JPMorgan Chase & Co. cut their price objective on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Monday, February 3rd. Finally, StockNews.com lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. One investment 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’s stock. Based on data from MarketBeat, Booz Allen Hamilton currently has an average rating of “Hold” and a consensus target price of $158.27.

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.