Hsbc Holdings PLC decreased its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 23.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 89,831 shares of the business services provider’s stock after selling 27,802 shares during the quarter. Hsbc Holdings PLC’s holdings in Booz Allen Hamilton were worth $7,612,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Activest Wealth Management increased its holdings in shares of Booz Allen Hamilton by 141.3% during the fourth quarter. Activest Wealth Management now owns 304 shares of the business services provider’s stock worth $26,000 after buying an additional 178 shares in the last quarter. Torren Management LLC acquired a new stake in shares of Booz Allen Hamilton during the 4th quarter valued at $26,000. Rakuten Securities Inc. grew its position in Booz Allen Hamilton by 414.6% during the 2nd quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock worth $26,000 after acquiring an additional 199 shares during the last quarter. Aventura Private Wealth LLC bought a new stake in Booz Allen Hamilton during the 4th quarter worth $27,000. Finally, PenderFund Capital Management Ltd. acquired a new position in Booz Allen Hamilton in the 4th quarter worth about $30,000. Institutional investors and hedge funds own 91.82% of the company’s stock.
Booz Allen Hamilton Stock Up 4.0%
Shares of NYSE:BAH opened at $62.10 on Friday. The firm has a market cap of $7.44 billion, a P/E ratio of 9.01, a P/E/G ratio of 3.41 and a beta of 0.32. Booz Allen Hamilton Holding Corporation has a 12-month low of $59.50 and a 12-month high of $120.04. The business has a fifty day simple moving average of $75.67 and a 200 day simple moving average of $81.57. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.55.
Booz Allen Hamilton Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Wednesday, June 10th were issued a $0.59 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $2.36 annualized dividend and a yield of 3.8%. Booz Allen Hamilton’s dividend payout ratio is presently 34.25%.
Analyst Ratings Changes
BAH has been the subject of several research reports. Citigroup dropped their target price on Booz Allen Hamilton from $109.00 to $87.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. JPMorgan Chase & Co. lowered their price objective on Booz Allen Hamilton from $97.00 to $85.00 and set an “underweight” rating for the company in a research note on Tuesday, May 26th. Jefferies Financial Group set a $85.00 price objective on shares of Booz Allen Hamilton in a report on Monday, May 11th. UBS Group reiterated a “neutral” rating and set a $83.00 target price on shares of Booz Allen Hamilton in a research report on Tuesday, May 26th. Finally, TD Cowen reissued a “hold” rating on shares of Booz Allen Hamilton in a report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of $88.00.
Get Our Latest Analysis on Booz Allen Hamilton
Booz Allen Hamilton 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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