SG Americas Securities LLC Cuts Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

SG Americas Securities LLC lessened its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH – Get Rating) by 75.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 6,166 shares of the business services provider’s stock after selling 18,660 shares during the quarter. SG Americas Securities LLC’s holdings in Booz Allen Hamilton were worth $569,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SeaCrest Wealth Management LLC purchased a new position in shares of Booz Allen Hamilton in the 2nd quarter valued at about $30,000. First Horizon Advisors Inc. increased its stake in shares of Booz Allen Hamilton by 73.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 346 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 147 shares in the last quarter. Private Trust Co. NA purchased a new position in shares of Booz Allen Hamilton in the 2nd quarter valued at about $37,000. Wipfli Financial Advisors LLC purchased a new position in shares of Booz Allen Hamilton in the 3rd quarter valued at about $44,000. Finally, Money Concepts Capital Corp increased its stake in shares of Booz Allen Hamilton by 31.7% in the 2nd quarter. Money Concepts Capital Corp now owns 1,014 shares of the business services provider’s stock valued at $94,000 after purchasing an additional 244 shares in the last quarter. Hedge funds and other institutional investors own 90.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Morgan Stanley boosted their price objective on Booz Allen Hamilton from $110.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 3rd. StockNews.com upgraded Booz Allen Hamilton from a “hold” rating to a “buy” rating in a research note on Tuesday, January 10th. Wells Fargo & Company boosted their price objective on Booz Allen Hamilton from $100.00 to $109.00 and gave the stock an “overweight” rating in a research note on Monday, November 7th. Raymond James lowered Booz Allen Hamilton from an “outperform” rating to a “market perform” rating and set a $99.00 price objective for the company. in a research note on Wednesday, October 19th. Finally, Truist Financial boosted their price objective on Booz Allen Hamilton from $100.00 to $106.00 and gave the stock a “hold” rating in a research note on Monday, October 31st. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $103.00.

Booz Allen Hamilton Price Performance

BAH stock opened at $94.33 on Tuesday. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.81 and a quick ratio of 1.81. The business has a 50 day simple moving average of $103.12 and a 200-day simple moving average of $99.42. The firm has a market capitalization of $12.47 billion, a PE ratio of 23.94, a price-to-earnings-growth ratio of 2.41 and a beta of 0.65. Booz Allen Hamilton Holding Co. has a 1 year low of $69.68 and a 1 year high of $112.55.

Booz Allen Hamilton (NYSE:BAH – Get Rating) last posted its quarterly earnings results on Friday, October 28th. The business services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.22. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.26 billion. Booz Allen Hamilton had a return on equity of 52.33% and a net margin of 6.00%. The business’s revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.26 earnings per share. Equities research analysts anticipate that Booz Allen Hamilton Holding Co. will post 4.46 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 2nd. Investors of record on Tuesday, November 15th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Monday, November 14th. Booz Allen Hamilton’s dividend payout ratio is presently 43.65%.

Booz Allen Hamilton Company Profile

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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. The company offers consulting solutions for various domains, business strategies, human capital, and operations.