TD Asset Management Inc grew its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 17.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 584,832 shares of the business services provider’s stock after acquiring an additional 85,457 shares during the period. TD Asset Management Inc owned 0.48% of Booz Allen Hamilton worth $49,336,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Rakuten Securities Inc. raised its stake in shares of Booz Allen Hamilton by 414.6% in the second quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 199 shares during the last quarter. Cornerstone Planning Group LLC raised its stake in shares of Booz Allen Hamilton by 244.0% in the third quarter. Cornerstone Planning Group LLC now owns 289 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 205 shares during the last quarter. Activest Wealth Management raised its stake in shares of Booz Allen Hamilton by 141.3% in the fourth quarter. Activest Wealth Management now owns 304 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 178 shares during the last quarter. Torren Management LLC bought a new position in shares of Booz Allen Hamilton in the fourth quarter valued at approximately $26,000. Finally, Fulcrum Asset Management LLP bought a new position in shares of Booz Allen Hamilton in the third quarter valued at approximately $32,000. Institutional investors own 91.82% of the company’s stock.
Wall Street Analysts Forecast Growth
BAH has been the subject of a number of research analyst reports. Truist Financial cut their target price on shares of Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating for the company in a research note on Monday, April 20th. JPMorgan Chase & Co. dropped their price objective on shares of Booz Allen Hamilton from $97.00 to $85.00 and set an “underweight” rating for the company in a research report on Tuesday, May 26th. Stifel Nicolaus set a $110.00 price objective on shares of Booz Allen Hamilton and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Weiss Ratings cut shares of Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Finally, Wells Fargo & Company began coverage on shares of Booz Allen Hamilton in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $85.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $88.00.
Booz Allen Hamilton Price Performance
Shares of BAH stock opened at $79.48 on Friday. Booz Allen Hamilton Holding Corporation has a 12-month low of $68.83 and a 12-month high of $120.04. The firm has a market capitalization of $9.52 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 4.55 and a beta of 0.32. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.55. The firm has a fifty day moving average of $78.89 and a 200-day moving average of $82.87.
Booz Allen Hamilton (NYSE:BAH – Get Free Report) last announced its quarterly earnings results on Friday, May 22nd. The business services provider reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.46. Booz Allen Hamilton had a net margin of 7.59% and a return on equity of 76.07%. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the previous year, the business earned $1.61 EPS. The firm’s revenue was down 5.9% on a year-over-year basis. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. On average, equities research analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.26 earnings per share for the current year.
Booz Allen Hamilton Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Wednesday, June 10th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $2.36 annualized dividend and a dividend yield of 3.0%. Booz Allen Hamilton’s payout ratio is 34.25%.
Booz Allen Hamilton Company Profile
Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.
Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.
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