Bank of Nova Scotia Sells 53,702 Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Key Points

• Bank of Nova Scotia reduced its stake in Booz Allen Hamilton by 92.2%, holding $472,000 in stock after selling 53,702 shares.
• Despite varying actions from institutional investors, 91.82% of Booz Allen Hamilton's stock is owned by institutional investors and hedge funds.
• The company has recently announced a quarterly dividend of $0.55 per share, contributing to an annualized yield of 2.0%.

Bank of Nova Scotia decreased its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 92.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,518 shares of the business services provider's stock after selling 53,702 shares during the quarter. Bank of Nova Scotia's holdings in Booz Allen Hamilton were worth $472,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of BAH. Janus Henderson Group PLC boosted its position in shares of Booz Allen Hamilton by 179.7% in the 4th quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider's stock valued at $227,425,000 after purchasing an additional 1,135,426 shares during the period. Man Group plc boosted its position in shares of Booz Allen Hamilton by 2,293.2% in the 4th quarter. Man Group plc now owns 1,128,389 shares of the business services provider's stock valued at $145,224,000 after purchasing an additional 1,081,239 shares during the period. Bank of America Corp DE boosted its position in shares of Booz Allen Hamilton by 61.4% in the 4th quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider's stock valued at $199,770,000 after purchasing an additional 590,655 shares during the period. Pacer Advisors Inc. acquired a new position in shares of Booz Allen Hamilton in the 1st quarter valued at $59,148,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Booz Allen Hamilton by 2,108.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 545,017 shares of the business services provider's stock valued at $58,513,000 after purchasing an additional 520,339 shares during the period. Institutional investors own 91.82% of the company's stock.

Wall Street Analyst Weigh In

BAH has been the subject of several research analyst reports. Stifel Nicolaus increased their price objective on Booz Allen Hamilton from $112.00 to $119.00 and gave the stock a "hold" rating in a research note on Monday, July 28th. UBS Group set a $119.00 price objective on Booz Allen Hamilton and gave the company a "neutral" rating in a research note on Monday, July 28th. Wall Street Zen downgraded Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Barclays lowered their price objective on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 28th. Finally, The Goldman Sachs Group lowered Booz Allen Hamilton from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $108.00 to $94.00 in a report on Wednesday, May 28th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $134.00.

Booz Allen Hamilton Price Performance

BAH traded down $0.34 during trading on Friday, hitting $110.45. The company's stock had a trading volume of 1,304,481 shares, compared to its average volume of 2,110,297. The firm's 50 day moving average price is $106.29 and its two-hundred day moving average price is $112.70. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.66. Booz Allen Hamilton Holding Corporation has a 12 month low of $98.95 and a 12 month high of $190.59. The stock has a market capitalization of $13.61 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 1.73 and a beta of 0.47.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The business services provider reported $1.48 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the previous year, the company posted $1.38 EPS. The business's revenue for the quarter was down .6% compared to the same quarter last year. Sell-side 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 company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.55 per share. The ex-dividend date is Thursday, August 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.0%. Booz Allen Hamilton's payout ratio is presently 27.03%.

Booz Allen Hamilton Company Profile

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.