Booz Allen Hamilton Holding Corporation (NYSE:BAH) Shares Sold by PNC Financial Services Group Inc.

Key Points

• PNC Financial Services Group Inc. reduced its stake in Booz Allen Hamilton by 11.6% in the first quarter, owning 104,548 shares worth approximately $10.9 million after selling 13,671 shares.
• Booz Allen Hamilton reported a net margin of 8.70% and earnings of $1.48 per share for the most recent quarter, surpassing analyst expectations by $0.03.
• The company declared a quarterly dividend of $0.55, representing a 2.0% yield, with the payout ratio currently at 27.03%.

PNC Financial Services Group Inc. decreased its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 11.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,548 shares of the business services provider's stock after selling 13,671 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.08% of Booz Allen Hamilton worth $10,934,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB raised its stake in shares of Booz Allen Hamilton by 74.5% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider's stock worth $26,000 after acquiring an additional 105 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Booz Allen Hamilton during the fourth quarter worth $33,000. Versant Capital Management Inc lifted its holdings in shares of Booz Allen Hamilton by 627.3% during the 1st quarter. Versant Capital Management Inc now owns 320 shares of the business services provider's stock valued at $33,000 after purchasing an additional 276 shares during the last quarter. CX Institutional purchased a new position in Booz Allen Hamilton during the 1st quarter worth $33,000. Finally, Ancora Advisors LLC acquired a new position in Booz Allen Hamilton during the 4th quarter valued at about $34,000. 91.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BAH shares. Wall Street Zen lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. 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. 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 cut shares of Booz Allen Hamilton from a "neutral" rating to a "sell" rating and decreased their price objective for the company from $108.00 to $94.00 in a research note on Wednesday, May 28th. Finally, William Blair raised shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a report on Monday, July 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Booz Allen Hamilton presently has an average rating of "Hold" and an average target price of $134.00.

Booz Allen Hamilton Price Performance

BAH stock traded up $0.23 during midday trading on Wednesday, hitting $111.68. 1,245,893 shares of the stock were exchanged, compared to its average volume of 2,080,082. The stock has a market cap of $13.76 billion, a price-to-earnings ratio of 13.72, a PEG ratio of 1.75 and a beta of 0.47. 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 Holding Corporation has a fifty-two week low of $98.95 and a fifty-two week high of $190.59. The stock's 50-day moving average price is $106.10 and its 200-day moving average price is $113.47.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued 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 net margin of 8.70% and a return on equity of 73.05%. The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the prior year, the business posted $1.38 earnings per share. Booz Allen Hamilton's revenue for the quarter was down .6% compared to the same quarter last year. Research analysts predict that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Thursday, August 14th. Booz Allen Hamilton's dividend payout ratio (DPR) is 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.