CIBC Private Wealth Group LLC increased its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH – Get Rating) by 12.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,396 shares of the business services provider’s stock after buying an additional 475 shares during the period. CIBC Private Wealth Group LLC’s holdings in Booz Allen Hamilton were worth $459,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in BAH. Intech Investment Management LLC raised its holdings in Booz Allen Hamilton by 44.6% during the 3rd quarter. Intech Investment Management LLC now owns 71,766 shares of the business services provider’s stock worth $6,628,000 after purchasing an additional 22,119 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Booz Allen Hamilton by 0.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,585 shares of the business services provider’s stock valued at $1,733,000 after acquiring an additional 127 shares in the last quarter. Signaturefd LLC increased its stake in shares of Booz Allen Hamilton by 21.0% in the 3rd quarter. Signaturefd LLC now owns 2,055 shares of the business services provider’s stock valued at $190,000 after acquiring an additional 356 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Booz Allen Hamilton by 13.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 928,484 shares of the business services provider’s stock valued at $85,745,000 after acquiring an additional 109,470 shares in the last quarter. Finally, LPL Financial LLC increased its stake in shares of Booz Allen Hamilton by 7.5% in the 4th quarter. LPL Financial LLC now owns 42,425 shares of the business services provider’s stock valued at $4,434,000 after acquiring an additional 2,972 shares in the last quarter. 90.68% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts have recently weighed in on BAH shares. Barclays lifted their price objective on shares of Booz Allen Hamilton from $107.00 to $108.00 in a research note on Wednesday, May 31st. 51job restated a “maintains” rating on shares of Booz Allen Hamilton in a research note on Wednesday, May 31st. Finally, StockNews.com initiated coverage on shares of Booz Allen Hamilton in a research note on Thursday, May 18th. They set a “hold” rating for the company. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of “Moderate Buy” and an average target price of $106.25.
Booz Allen Hamilton Price Performance
Booz Allen Hamilton (NYSE:BAH – Get Rating) last issued its quarterly earnings results on Friday, May 26th. The business services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.09. The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.39 billion. Booz Allen Hamilton had a net margin of 2.94% and a return on equity of 53.60%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 EPS. As a group, analysts anticipate that Booz Allen Hamilton Holding Co. will post 4.92 earnings per share for the current fiscal year.
Booz Allen Hamilton Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Wednesday, June 14th. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 93.07%.
Insider Buying and Selling at Booz Allen Hamilton
In other Booz Allen Hamilton news, EVP Elizabeth M. Thompson sold 27,925 shares of the company’s stock in a transaction dated Friday, April 21st. The shares were sold at an average price of $99.00, for a total transaction of $2,764,575.00. Following the sale, the executive vice president now directly owns 20,474 shares of the company’s stock, valued at $2,026,926. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Elizabeth M. Thompson sold 27,925 shares of the company’s stock in a transaction dated Friday, April 21st. The stock was sold at an average price of $99.00, for a total transaction of $2,764,575.00. Following the sale, the executive vice president now directly owns 20,474 shares in the company, valued at $2,026,926. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Susan L. Penfield sold 22,600 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $100.78, for a total transaction of $2,277,628.00. Following the completion of the transaction, the executive vice president now owns 19,793 shares in the company, valued at $1,994,738.54. The disclosure for this sale can be found here. Insiders own 2.23% of the company’s stock.
About Booz Allen Hamilton
Booz Allen Hamilton Holding Corp. engages in the provision of management and technology consulting services. It offers analytics, digital solutions, engineering, and cyber expertise. The company was founded by Edwin Booz in 1914 and is headquartered in McLean, VA.
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