Charles Schwab Investment Management Inc. Buys 3,885 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Charles Schwab Investment Management Inc. boosted its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAHFree Report) by 0.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 793,299 shares of the business services provider’s stock after purchasing an additional 3,885 shares during the period. Charles Schwab Investment Management Inc. owned about 0.61% of Booz Allen Hamilton worth $86,684,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Booz Allen Hamilton by 2.8% in the 2nd quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,052 shares of the business services provider’s stock valued at $341,000 after purchasing an additional 83 shares during the period. CENTRAL TRUST Co raised its stake in Booz Allen Hamilton by 2.4% in the third quarter. CENTRAL TRUST Co now owns 4,952 shares of the business services provider’s stock valued at $457,000 after buying an additional 115 shares during the period. Impax Asset Management Group plc lifted its position in shares of Booz Allen Hamilton by 1.2% in the second quarter. Impax Asset Management Group plc now owns 9,504 shares of the business services provider’s stock valued at $1,061,000 after buying an additional 116 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Booz Allen Hamilton by 0.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 28,651 shares of the business services provider’s stock worth $3,131,000 after acquiring an additional 124 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in shares of Booz Allen Hamilton by 6.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,011 shares of the business services provider’s stock worth $224,000 after acquiring an additional 124 shares during the last quarter. 90.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO Kristine Anderson sold 5,068 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of $139.88, for a total transaction of $708,911.84. Following the transaction, the chief operating officer now owns 71,656 shares of the company’s stock, valued at approximately $10,023,241.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.76% of the stock is currently owned by company insiders.

Booz Allen Hamilton Trading Up 1.4 %

NYSE:BAH opened at $146.69 on Monday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 3.10. The stock has a market capitalization of $19.03 billion, a price-to-earnings ratio of 47.32, a PEG ratio of 2.24 and a beta of 0.54. Booz Allen Hamilton Holding Co. has a 12 month low of $87.99 and a 12 month high of $147.52. The firm has a fifty day simple moving average of $130.78 and a two-hundred day simple moving average of $123.44.

Booz Allen Hamilton (NYSE:BAHGet Free Report) last released its quarterly earnings data on Friday, January 26th. The business services provider reported $1.41 EPS for the quarter, beating the consensus estimate of $1.13 by $0.28. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.54 billion. Booz Allen Hamilton had a net margin of 3.96% and a return on equity of 65.31%. The company’s revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 earnings per share. Analysts expect that Booz Allen Hamilton Holding Co. will post 5.42 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Monday, February 12th will be issued a $0.51 dividend. The ex-dividend date is Friday, February 9th. This represents a $2.04 annualized dividend and a dividend yield of 1.39%. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.47. Booz Allen Hamilton’s dividend payout ratio is presently 60.65%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BAH. Barclays cut Booz Allen Hamilton from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 5th. Wells Fargo & Company upped their target price on Booz Allen Hamilton from $138.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 30th. The Goldman Sachs Group upped their price objective on Booz Allen Hamilton from $141.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Truist Financial raised their target price on shares of Booz Allen Hamilton from $120.00 to $145.00 and gave the company a “hold” rating in a research report on Monday, January 29th. Finally, JPMorgan Chase & Co. upped their target price on Booz Allen Hamilton from $120.00 to $136.00 and gave the stock a “neutral” rating in a report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $139.56.

View Our Latest Analysis on Booz Allen Hamilton

Booz Allen Hamilton Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Booz Allen Hamilton (NYSE:BAH)

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