Citigroup Inc. Increases Stake in Booz Allen Hamilton Holding Corporation $BAH

Key Points

• Citigroup Inc. increased its holdings in Booz Allen Hamilton by 34.7%, acquiring an additional 22,405 shares during the first quarter, bringing its total to 86,931 shares worth approximately $9.09 million.
• Several hedge funds significantly increased their investments in Booz Allen Hamilton, with Capital World Investors expanding its holdings by 591.1% in the fourth quarter.
• Analysts have mixed opinions on Booz Allen Hamilton, with William Blair upgrading the stock to "outperform," while The Goldman Sachs Group downgraded it to "sell" and reduced the target price to $94.00.

Citigroup Inc. raised its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 34.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 86,931 shares of the business services provider's stock after buying an additional 22,405 shares during the period. Citigroup Inc. owned about 0.07% of Booz Allen Hamilton worth $9,091,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Booz Allen Hamilton by 9.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 100,583 shares of the business services provider's stock valued at $10,519,000 after buying an additional 8,668 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new stake in shares of Booz Allen Hamilton during the first quarter worth about $175,000. Charles Schwab Investment Management Inc. increased its stake in shares of Booz Allen Hamilton by 0.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 809,830 shares of the business services provider's stock worth $84,692,000 after purchasing an additional 5,403 shares in the last quarter. Primecap Management Co. CA purchased a new stake in shares of Booz Allen Hamilton during the first quarter worth about $6,275,000. Finally, Vanguard Group Inc. increased its stake in shares of Booz Allen Hamilton by 1.9% during the first quarter. Vanguard Group Inc. now owns 13,071,741 shares of the business services provider's stock worth $1,367,043,000 after purchasing an additional 237,720 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BAH shares. Barclays cut their target price on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 28th. Raymond James Financial restated a "market perform" rating on shares of Booz Allen Hamilton in a report on Friday, May 23rd. JPMorgan Chase & Co. increased their price target on Booz Allen Hamilton from $115.00 to $122.00 and gave the stock an "underweight" rating in a report on Monday, July 28th. UBS Group set a $119.00 price objective on Booz Allen Hamilton and gave the stock a "neutral" rating in a research report on Monday, July 28th. Finally, Wells Fargo & Company cut their price objective on Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $134.00.

Booz Allen Hamilton Trading Down 0.8%

Booz Allen Hamilton stock traded down $0.8730 during midday trading on Wednesday, reaching $108.7670. 468,569 shares of the stock traded hands, compared to its average volume of 2,299,020. The company has a 50-day simple moving average of $107.24 and a two-hundred day simple moving average of $111.80. Booz Allen Hamilton Holding Corporation has a 12-month low of $98.95 and a 12-month high of $190.59. The firm has a market cap of $13.41 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 1.71 and a beta of 0.47. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.66.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its earnings results on Friday, July 25th. The business services provider reported $1.48 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.96 billion. During the same period last year, the business posted $1.38 EPS. Booz Allen Hamilton's revenue for the quarter was down .6% on a year-over-year basis. Booz Allen Hamilton has set its FY 2026 guidance at 6.200-6.550 EPS. Research analysts expect that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Thursday, August 14th will be issued 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.