Scotia Capital Inc. Purchases 15,408 Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Key Points

• Scotia Capital Inc. increased its holdings in Booz Allen Hamilton by 104.2%, owning 30,193 shares valued at approximately $3.16 million.
• The company reported a quarterly EPS of $1.48, beating estimates, while revenue fell slightly year-over-year to $2.92 billion.
• Booz Allen Hamilton announced a quarterly dividend of $0.55 per share, reflecting a 2.0% yield and a payout ratio of 27.03%.

Scotia Capital Inc. raised its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 104.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,193 shares of the business services provider's stock after buying an additional 15,408 shares during the period. Scotia Capital Inc.'s holdings in Booz Allen Hamilton were worth $3,158,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FIL Ltd raised its stake in Booz Allen Hamilton by 63.3% in the fourth quarter. FIL Ltd now owns 153,343 shares of the business services provider's stock valued at $19,735,000 after buying an additional 59,440 shares during the period. Capital World Investors grew its position in shares of Booz Allen Hamilton by 591.1% in the fourth quarter. Capital World Investors now owns 349,917 shares of the business services provider's stock valued at $45,034,000 after purchasing an additional 299,283 shares during the last quarter. Asset Management One Co. Ltd. grew its position in shares of Booz Allen Hamilton by 10.2% in the first quarter. Asset Management One Co. Ltd. now owns 52,889 shares of the business services provider's stock valued at $5,531,000 after purchasing an additional 4,905 shares during the last quarter. Natixis grew its position in shares of Booz Allen Hamilton by 3,032.5% in the fourth quarter. Natixis now owns 42,163 shares of the business services provider's stock valued at $5,426,000 after purchasing an additional 40,817 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Booz Allen Hamilton in the fourth quarter valued at approximately $11,715,000. Institutional investors own 91.82% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Truist Financial decreased their target price on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company decreased their target price on Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. JPMorgan Chase & Co. upped their target price on Booz Allen Hamilton from $115.00 to $122.00 and gave the company an "underweight" rating in a research report on Monday, July 28th. The Goldman Sachs Group lowered Booz Allen Hamilton from a "neutral" rating to a "sell" rating and lowered their price objective for the stock from $108.00 to $94.00 in a research note on Wednesday, May 28th. Finally, UBS Group set a $119.00 price objective on Booz Allen Hamilton and gave the company a "neutral" rating in a report on Monday, July 28th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $134.00.

Booz Allen Hamilton Price Performance

Shares of BAH stock traded down $0.34 during trading hours on Friday, reaching $110.45. The company's stock had a trading volume of 1,304,481 shares, compared to its average volume of 2,100,879. The firm's 50 day simple moving average is $106.29 and its 200-day simple moving average is $113.07. The company has a market capitalization of $13.61 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 1.73 and a beta of 0.47. Booz Allen Hamilton Holding Corporation has a fifty-two week low of $98.95 and a fifty-two week high of $190.59. 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 (NYSE:BAH - Get Free Report) last issued its earnings results on Friday, July 25th. The business services provider reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.03. The firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.96 billion. Booz Allen Hamilton had a return on equity of 73.05% and a net margin of 8.70%. The company's revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $1.38 EPS. Sell-side analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Thursday, August 14th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Thursday, August 14th. Booz Allen Hamilton's dividend payout ratio is presently 27.03%.

Booz Allen Hamilton 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.