Charles Schwab Investment Management Inc. Purchases 5,403 Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Booz Allen Hamilton by 0.7% in Q1, owning approximately $84.69 million worth of the stock at that time.
• Research analysts have a consensus rating of "Hold" for Booz Allen Hamilton, with price target estimates ranging from $94.00 to $134.00, indicating varied outlooks on the stock's performance.
• Booz Allen Hamilton recently declared a quarterly dividend of $0.55, representing an annualized yield of 2.0%, with a dividend payout ratio of 27.03%.

Charles Schwab Investment Management Inc. grew its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 0.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 809,830 shares of the business services provider's stock after buying an additional 5,403 shares during the period. Charles Schwab Investment Management Inc. owned 0.64% of Booz Allen Hamilton worth $84,692,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in BAH. Rockefeller Capital Management L.P. acquired a new position in Booz Allen Hamilton in the fourth quarter valued at about $1,320,000. Barclays PLC grew its stake in Booz Allen Hamilton by 45.2% in the fourth quarter. Barclays PLC now owns 147,190 shares of the business services provider's stock valued at $18,942,000 after acquiring an additional 45,825 shares during the period. Ontario Teachers Pension Plan Board acquired a new position in Booz Allen Hamilton in the fourth quarter valued at about $1,294,000. Bridgewater Associates LP acquired a new position in Booz Allen Hamilton in the fourth quarter valued at about $8,917,000. Finally, Canada Pension Plan Investment Board grew its stake in Booz Allen Hamilton by 2,228.1% in the fourth quarter. Canada Pension Plan Investment Board now owns 74,500 shares of the business services provider's stock valued at $9,588,000 after acquiring an additional 71,300 shares during the period. 91.82% of the stock is owned by institutional investors and hedge funds.

Booz Allen Hamilton Stock Up 1.2%

BAH traded up $1.34 on Friday, hitting $109.49. 1,943,415 shares of the company were exchanged, compared to its average volume of 2,095,224. 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 market cap of $13.49 billion, a PE ratio of 13.45, a PEG ratio of 1.69 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. The stock's fifty day moving average is $106.91 and its 200-day moving average is $112.18.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released 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. Booz Allen Hamilton had a return on equity of 73.05% and a net margin of 8.70%. The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the prior year, the company posted $1.38 earnings per share. Booz Allen Hamilton's revenue was down .6% on a year-over-year basis. Equities research analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders 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 yield of 2.0%. Booz Allen Hamilton's dividend payout ratio is currently 27.03%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on BAH shares. The Goldman Sachs Group cut Booz Allen Hamilton from a "neutral" rating to a "sell" rating and decreased their target price for the company from $108.00 to $94.00 in a research note on Wednesday, May 28th. William Blair raised Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a research note on Monday, July 21st. Wells Fargo & Company cut their price target on Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. JPMorgan Chase & Co. boosted their price target on Booz Allen Hamilton from $115.00 to $122.00 and gave the company an "underweight" rating in a report on Monday, July 28th. Finally, Wall Street Zen lowered Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $134.00.

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.