Skandinaviska Enskilda Banken AB publ Decreases Stock Holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Skandinaviska Enskilda Banken AB publ cut its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 63.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,000 shares of the business services provider's stock after selling 17,200 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Booz Allen Hamilton were worth $1,048,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FIL Ltd grew its holdings in shares of Booz Allen Hamilton by 63.3% during 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 during the last quarter. Capital World Investors grew its holdings in shares of Booz Allen Hamilton by 591.1% during the 4th 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 holdings in shares of Booz Allen Hamilton by 10.2% during the 1st 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 holdings in Booz Allen Hamilton by 3,032.5% in the 4th quarter. Natixis now owns 42,163 shares of the business services provider's stock worth $5,426,000 after acquiring an additional 40,817 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Booz Allen Hamilton in the 4th quarter worth $11,715,000. Institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Stock Up 2.2%

NYSE BAH traded up $2.39 during trading hours on Friday, reaching $109.72. 2,082,259 shares of the company's stock traded hands, compared to its average volume of 2,037,572. Booz Allen Hamilton Holding Corporation has a 52-week low of $98.95 and a 52-week high of $190.59. The firm has a market cap of $13.52 billion, a PE ratio of 13.48, a PEG ratio of 1.68 and a beta of 0.47. The firm has a 50-day simple moving average of $105.85 and a 200 day simple moving average of $113.98. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.78 and a quick ratio of 1.79.

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 (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.03. The business had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.96 billion. Booz Allen Hamilton had a net margin of 8.70% and a return on equity of 73.05%. The business's revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.38 earnings per share. Sell-side analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The firm 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. The ex-dividend date is Thursday, August 14th. This represents a $2.20 annualized dividend and a dividend yield of 2.0%. Booz Allen Hamilton's payout ratio is currently 27.03%.

Analyst Ratings Changes

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 stock an "underweight" rating in a report on Monday, July 28th. 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. Truist Financial cut 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. Wall Street Zen lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, William Blair raised shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a research note on Monday, July 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of "Hold" and an average price target of $134.00.

Booz Allen Hamilton Company 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.