TD Asset Management Inc. trimmed its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 11.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,245 shares of the business services provider’s stock after selling 5,858 shares during the quarter. TD Asset Management Inc.’s holdings in Booz Allen Hamilton were worth $2,572,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of BAH. Greenleaf Trust increased its holdings in Booz Allen Hamilton by 3.9% in the fourth quarter. Greenleaf Trust now owns 5,100 shares of the business services provider’s stock worth $230,000 after buying an additional 192 shares during the last quarter. Advisory Services Network LLC increased its holdings in Booz Allen Hamilton by 1.9% in the fourth quarter. Advisory Services Network LLC now owns 10,348 shares of the business services provider’s stock worth $466,000 after buying an additional 195 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in Booz Allen Hamilton by 47.4% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 821 shares of the business services provider’s stock worth $37,000 after buying an additional 264 shares during the last quarter. OmniStar Financial Group Inc. increased its holdings in Booz Allen Hamilton by 2.6% in the first quarter. OmniStar Financial Group Inc. now owns 11,814 shares of the business services provider’s stock worth $687,000 after buying an additional 294 shares during the last quarter. Finally, Hollencrest Capital Management increased its holdings in Booz Allen Hamilton by 4.8% in the first quarter. Hollencrest Capital Management now owns 6,497 shares of the business services provider’s stock worth $378,000 after buying an additional 298 shares during the last quarter. 94.51% of the stock is owned by institutional investors.
A number of equities analysts recently commented on BAH shares. Wells Fargo & Co restated a “buy” rating on shares of Booz Allen Hamilton in a report on Friday, June 7th. Jefferies Financial Group upped their target price on Booz Allen Hamilton from $61.00 to $69.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 29th. Zacks Investment Research cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Goldman Sachs Group began coverage on Booz Allen Hamilton in a research report on Thursday, May 9th. They set a “buy” rating for the company. Finally, Morgan Stanley began coverage on Booz Allen Hamilton in a research report on Monday, June 3rd. They set an “overweight” rating and a $70.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $59.90.
In related news, VP Laura S. Adams sold 780 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $65.63, for a total value of $51,191.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.60% of the stock is owned by company insiders.
Shares of BAH traded down $0.78 during mid-day trading on Wednesday, hitting $65.34. The company’s stock had a trading volume of 1,276,865 shares, compared to its average volume of 1,025,652. Booz Allen Hamilton Holding Co. has a one year low of $42.91 and a one year high of $67.00. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a market capitalization of $9.26 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 1.77 and a beta of 0.95. The business has a 50-day moving average of $63.50.
Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data on Tuesday, May 28th. The business services provider reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.03. Booz Allen Hamilton had a return on equity of 60.67% and a net margin of 6.24%. The company had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the prior year, the business earned $0.51 earnings per share. Booz Allen Hamilton’s revenue for the quarter was up 9.1% compared to the same quarter last year. Research analysts expect that Booz Allen Hamilton Holding Co. will post 3.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.23 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.92 annualized dividend and a yield of 1.41%. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 33.33%.
About Booz Allen Hamilton
Booz Allen Hamilton Holding Corporation provides management and technology consulting, engineering, analytics, digital, mission operations, and cyber solutions 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.
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