Bank of New York Mellon Corp Sells 51,503 Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Bank of New York Mellon Corp cut its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 8.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 592,375 shares of the business services provider's stock after selling 51,503 shares during the quarter. Bank of New York Mellon Corp owned about 0.47% of Booz Allen Hamilton worth $61,951,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Trajan Wealth LLC increased its position in shares of Booz Allen Hamilton by 5.8% during the fourth quarter. Trajan Wealth LLC now owns 1,679 shares of the business services provider's stock worth $216,000 after acquiring an additional 92 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Booz Allen Hamilton by 74.5% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider's stock worth $26,000 after purchasing an additional 105 shares in the last quarter. Yousif Capital Management LLC raised its holdings in Booz Allen Hamilton by 5.5% during the first quarter. Yousif Capital Management LLC now owns 2,389 shares of the business services provider's stock worth $250,000 after purchasing an additional 124 shares in the last quarter. Amalgamated Bank increased its holdings in shares of Booz Allen Hamilton by 1.3% in the first quarter. Amalgamated Bank now owns 9,414 shares of the business services provider's stock valued at $985,000 after buying an additional 124 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV increased its holdings in shares of Booz Allen Hamilton by 48.5% in the first quarter. Creative Financial Designs Inc. ADV now owns 389 shares of the business services provider's stock valued at $41,000 after buying an additional 127 shares in the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wall Street Zen downgraded shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Wells Fargo & Company cut their price target on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Raymond James Financial reiterated a "market perform" rating on shares of Booz Allen Hamilton in a research note on Friday, May 23rd. UBS Group raised their price target on shares of Booz Allen Hamilton from $120.00 to $135.00 and gave the stock a "neutral" rating in a research report on Monday, May 19th. Finally, Truist Financial decreased 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 research report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $134.64.

Booz Allen Hamilton Price Performance

Shares of NYSE:BAH traded down $0.90 during midday trading on Friday, reaching $106.78. 1,116,112 shares of the company's stock were exchanged, compared to its average volume of 1,793,109. The company's 50 day simple moving average is $110.36 and its two-hundred day simple moving average is $116.08. The firm has a market capitalization of $13.26 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 1.67 and a beta of 0.48. Booz Allen Hamilton Holding Corporation has a 12 month low of $98.95 and a 12 month high of $190.59. The company has a debt-to-equity ratio of 3.90, a quick ratio of 1.79 and a current ratio of 1.79.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its quarterly earnings data on Friday, May 23rd. The business services provider reported $1.61 EPS for the quarter, topping analysts' consensus estimates of $1.59 by $0.02. Booz Allen Hamilton had a net margin of 7.81% and a return on equity of 72.35%. The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same period last year, the firm earned $1.33 EPS. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. Equities research analysts expect that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Wednesday, June 11th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend was Wednesday, June 11th. Booz Allen Hamilton's dividend 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.