Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Sold by US Bancorp DE

US Bancorp DE lowered its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 2.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,631 shares of the business services provider’s stock after selling 2,744 shares during the period. US Bancorp DE owned about 0.08% of Booz Allen Hamilton worth $11,900,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Black Creek Investment Management Inc. lifted its position in Booz Allen Hamilton by 6.4% in the second quarter. Black Creek Investment Management Inc. now owns 2,111,896 shares of the business services provider’s stock valued at $235,688,000 after purchasing an additional 126,653 shares during the period. Cetera Advisor Networks LLC lifted its position in Booz Allen Hamilton by 1.0% in the second quarter. Cetera Advisor Networks LLC now owns 13,529 shares of the business services provider’s stock valued at $1,510,000 after purchasing an additional 140 shares during the period. Citigroup Inc. lifted its position in Booz Allen Hamilton by 2.4% in the second quarter. Citigroup Inc. now owns 162,305 shares of the business services provider’s stock valued at $18,113,000 after purchasing an additional 3,786 shares during the period. TD Asset Management Inc lifted its position in Booz Allen Hamilton by 10.5% in the second quarter. TD Asset Management Inc now owns 134,109 shares of the business services provider’s stock valued at $14,967,000 after purchasing an additional 12,716 shares during the period. Finally, Westbourne Investment Advisors Inc. increased its holdings in Booz Allen Hamilton by 2.1% in the second quarter. Westbourne Investment Advisors Inc. now owns 51,514 shares of the business services provider’s stock valued at $5,749,000 after buying an additional 1,075 shares in the last quarter. Institutional investors and hedge funds own 90.32% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on BAH. Bank of America raised shares of Booz Allen Hamilton from a “neutral” rating to a “buy” rating and increased their target price for the company from $110.00 to $130.00 in a report on Tuesday, October 3rd. Stifel Nicolaus increased their target price on shares of Booz Allen Hamilton from $127.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 12th. Truist Financial increased their target price on shares of Booz Allen Hamilton from $106.00 to $120.00 and gave the company a “hold” rating in a report on Monday, July 31st. Barclays increased their target price on shares of Booz Allen Hamilton from $108.00 to $125.00 and gave the company an “equal weight” rating in a report on Monday, July 31st. Finally, TD Cowen increased their target price on shares of Booz Allen Hamilton from $123.00 to $144.00 and gave the company an “outperform” rating in a report on Monday, July 31st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.63.

Insiders Place Their Bets

In other Booz Allen Hamilton news, COO Kristine Anderson sold 5,064 shares of Booz Allen Hamilton stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $125.00, for a total value of $633,000.00. Following the completion of the sale, the chief operating officer now directly owns 71,656 shares of the company’s stock, valued at approximately $8,957,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Booz Allen Hamilton news, Director Melody C. Barnes sold 824 shares of Booz Allen Hamilton stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $113.60, for a total value of $93,606.40. Following the transaction, the director now owns 17,590 shares in the company, valued at approximately $1,998,224. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Kristine Anderson sold 5,064 shares of Booz Allen Hamilton stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $125.00, for a total transaction of $633,000.00. Following the completion of the transaction, the chief operating officer now owns 71,656 shares in the company, valued at approximately $8,957,000. The disclosure for this sale can be found here. 1.76% of the stock is owned by corporate insiders.

Booz Allen Hamilton Trading Down 0.8 %

Shares of BAH opened at $126.82 on Friday. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a 50 day simple moving average of $119.22 and a 200-day simple moving average of $112.47. Booz Allen Hamilton Holding Co. has a 1-year low of $87.99 and a 1-year high of $130.34. The stock has a market cap of $16.53 billion, a price-to-earnings ratio of 57.13, a price-to-earnings-growth ratio of 2.09 and a beta of 0.61.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, October 27th. The business services provider reported $1.29 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.02). The firm had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Booz Allen Hamilton had a return on equity of 59.58% and a net margin of 2.94%. The firm’s revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.34 earnings per share. Equities analysts forecast that Booz Allen Hamilton Holding Co. will post 5.03 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Wednesday, November 15th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.88 annualized dividend and a yield of 1.48%. Booz Allen Hamilton’s payout ratio is currently 84.68%.

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.