Booz Allen Hamilton Holding Corporation (NYSE:BAH) Stock Position Lessened by US Bancorp DE

Key Points

• US Bancorp DE has reduced its stake in Booz Allen Hamilton by 18.0% during the first quarter, bringing its ownership to 0.07% of the company, with an estimated value of $8.7 million.
• Booz Allen Hamilton's stock price increased by 1.6% to $111.45, and the company has reported a net margin of 8.70% with quarterly earnings of $1.48 per share.
• Institutional investors hold 91.82% of Booz Allen Hamilton's stock, highlighting strong institutional interest in the company.

US Bancorp DE lessened its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 18.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 83,639 shares of the business services provider's stock after selling 18,345 shares during the quarter. US Bancorp DE owned approximately 0.07% of Booz Allen Hamilton worth $8,747,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. FIL Ltd raised its holdings in shares of Booz Allen Hamilton by 63.3% in the 4th quarter. FIL Ltd now owns 153,343 shares of the business services provider's stock valued at $19,735,000 after purchasing an additional 59,440 shares in the last quarter. Capital World Investors boosted its stake in shares of Booz Allen Hamilton by 591.1% during 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 in the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Booz Allen Hamilton by 10.2% during 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 in the last quarter. Natixis boosted its stake in shares of Booz Allen Hamilton by 3,032.5% during 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 in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Booz Allen Hamilton during the fourth quarter valued at approximately $11,715,000. Hedge funds and other institutional investors own 91.82% of the company's stock.

Wall Street Analysts Forecast Growth

BAH has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Booz Allen Hamilton from $115.00 to $122.00 and gave the company an "underweight" rating in a report on Monday, July 28th. Truist Financial lowered their price target on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Raymond James Financial reissued a "market perform" rating on shares of Booz Allen Hamilton in a report on Friday, May 23rd. UBS Group set a $119.00 target price on shares of Booz Allen Hamilton and gave the stock a "neutral" rating in a research note on Monday, July 28th. Finally, The Goldman Sachs Group cut shares of Booz Allen Hamilton from a "neutral" rating to a "sell" rating and lowered their price target for the company from $108.00 to $94.00 in a research report on Wednesday, May 28th. Two 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $134.00.

Booz Allen Hamilton Stock Up 0.1%

Shares of BAH traded up $0.15 during trading on Tuesday, reaching $111.58. The company's stock had a trading volume of 1,629,772 shares, compared to its average volume of 2,109,040. The company has a fifty day moving average of $105.95 and a two-hundred day moving average of $113.48. Booz Allen Hamilton Holding Corporation has a twelve month low of $98.95 and a twelve month high of $190.59. The company has a market cap of $13.75 billion, a price-to-earnings ratio of 13.71, a P/E/G ratio of 1.74 and a beta of 0.47. 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 posted its quarterly earnings results 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. The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.96 billion. Booz Allen Hamilton had a return on equity of 73.05% and a net margin of 8.70%. The business's revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.38 EPS. On average, sell-side analysts predict that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors 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 is presently 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.