Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 1,423.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 13,616 shares of the business services provider's stock after acquiring an additional 12,722 shares during the period. SG Americas Securities LLC's holdings in Booz Allen Hamilton were worth $1,424,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of BAH. Norges Bank purchased a new stake in Booz Allen Hamilton during the fourth quarter valued at about $196,578,000. Raymond James Financial Inc. acquired a new position in Booz Allen Hamilton during the fourth quarter valued at approximately $173,055,000. Janus Henderson Group PLC grew its holdings in Booz Allen Hamilton by 179.7% during the fourth 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 last quarter. Man Group plc grew its holdings in Booz Allen Hamilton by 2,293.2% during the fourth 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 last quarter. Finally, Bank of America Corp DE grew its stake in shares of Booz Allen Hamilton by 61.4% in the fourth quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider's stock worth $199,770,000 after acquiring an additional 590,655 shares during the last quarter. Institutional investors own 91.82% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BAH shares. JPMorgan Chase & Co. cut their price objective on Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating for the company in a report on Tuesday, April 15th. William Blair lowered Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. Truist Financial decreased their target price on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Wells Fargo & Company cut their price objective on Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Finally, Barclays reduced their price target on Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $136.90.

Booz Allen Hamilton Price Performance

BAH opened at $102.07 on Tuesday. The stock has a market capitalization of $12.68 billion, a P/E ratio of 15.21, a PEG ratio of 1.25 and a beta of 0.49. Booz Allen Hamilton Holding Co. has a 12-month low of $99.13 and a 12-month high of $190.59. The stock has a 50-day moving average price of $114.06 and a 200-day moving average price of $120.25. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings data on Friday, May 23rd. The business services provider reported $1.61 earnings per share for the quarter, beating analysts' consensus estimates of $1.59 by $0.02. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. The company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same quarter last year, the company earned $1.33 EPS. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. Equities analysts predict that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Wednesday, June 11th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $2.20 annualized dividend and a yield of 2.16%. Booz Allen Hamilton's payout ratio is currently 30.34%.

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.

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