Ameriprise Financial Inc. Decreases Stake in Booz Allen Hamilton Holding Corporation $BAH

Key Points

• Ameriprise Financial Inc. significantly reduced its stake in Booz Allen Hamilton by selling 4,072,216 shares, lowering its ownership to approximately 0.29% of the company.
• Booz Allen Hamilton reported quarterly earnings of $1.48 EPS, exceeding expectations, but its revenue decreased 0.6% year-over-year, totaling $2.92 billion.
• The company announced a quarterly dividend of $0.55, providing shareholders with a 2.0% yield on an annualized basis.

Ameriprise Financial Inc. lowered its position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 91.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 363,407 shares of the business services provider's stock after selling 4,072,216 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.29% of Booz Allen Hamilton worth $38,108,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in BAH. Kaufman Rossin Wealth LLC purchased a new stake in shares of Booz Allen Hamilton in the first quarter valued at approximately $384,000. GFI Investment Counsel Ltd. lifted its stake in Booz Allen Hamilton by 22.7% during the 1st quarter. GFI Investment Counsel Ltd. now owns 387,611 shares of the business services provider's stock worth $40,536,000 after acquiring an additional 71,688 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its stake in Booz Allen Hamilton by 112.9% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 98,987 shares of the business services provider's stock worth $10,352,000 after acquiring an additional 52,485 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Booz Allen Hamilton by 2.8% during the 1st quarter. Hsbc Holdings PLC now owns 148,896 shares of the business services provider's stock worth $15,573,000 after acquiring an additional 4,087 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Booz Allen Hamilton by 603.1% in the first quarter. Wellington Management Group LLP now owns 1,446,414 shares of the business services provider's stock valued at $151,266,000 after acquiring an additional 1,240,689 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Wells Fargo & Company cut their price target on Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. UBS Group set a $119.00 target price on Booz Allen Hamilton and gave the stock a "neutral" rating in a research report on Monday, July 28th. Stifel Nicolaus raised their price target on Booz Allen Hamilton from $112.00 to $119.00 and gave the stock a "hold" rating in a report on Monday, July 28th. Wall Street Zen lowered Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, JPMorgan Chase & Co. raised their price target on Booz Allen Hamilton from $115.00 to $122.00 and gave the stock an "underweight" rating in a report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, Booz Allen Hamilton currently has an average rating of "Hold" and an average target price of $134.00.

Booz Allen Hamilton Stock Performance

BAH traded up $1.31 during trading on Tuesday, reaching $110.03. The company's stock had a trading volume of 1,061,077 shares, compared to its average volume of 2,248,860. Booz Allen Hamilton Holding Corporation has a 52-week low of $98.95 and a 52-week high of $190.59. The company's fifty day moving average price is $108.64 and its 200-day moving average price is $110.68. The company has a market capitalization of $13.56 billion, a price-to-earnings ratio of 13.52, a price-to-earnings-growth ratio of 1.71 and a beta of 0.45. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.78 and a current ratio of 1.78.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The business services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.45 by $0.03. Booz Allen Hamilton had a return on equity of 73.05% and a net margin of 8.70%.The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the previous year, the company earned $1.38 EPS. The company's quarterly revenue was down .6% on a year-over-year basis. Booz Allen Hamilton has set its FY 2026 guidance at 6.200-6.550 EPS. On average, equities analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Thursday, August 14th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.20 annualized dividend and a dividend yield of 2.0%. Booz Allen Hamilton's payout ratio is currently 27.03%.

About Booz Allen Hamilton

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 focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.