Deutsche Bank AG Cuts Position in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Key Points

• Deutsche Bank AG reduced its stake in Booz Allen Hamilton by 7.0%, owning approximately 432,977 shares worth about $45 million after selling 32,802 shares in the most recent quarter.
• The company's latest earnings report indicated an EPS of $1.48, slightly surpassing estimates, though revenue declined by 0.6% year-over-year to $2.92 billion.
• Booz Allen Hamilton announced a quarterly dividend of $0.55 per share, representing a 2.0% dividend yield, with a payout ratio of 27.03%.

Deutsche Bank AG lessened its position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 7.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 432,977 shares of the business services provider's stock after selling 32,802 shares during the period. Deutsche Bank AG owned about 0.34% of Booz Allen Hamilton worth $45,281,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB grew its holdings in Booz Allen Hamilton by 74.5% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider's stock worth $26,000 after acquiring an additional 105 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Booz Allen Hamilton during the 4th quarter worth approximately $33,000. Ancora Advisors LLC acquired a new position in Booz Allen Hamilton during the 4th quarter worth approximately $34,000. True Wealth Design LLC grew its holdings in Booz Allen Hamilton by 2,316.7% during the 4th quarter. True Wealth Design LLC now owns 290 shares of the business services provider's stock worth $37,000 after acquiring an additional 278 shares in the last quarter. Finally, CX Institutional acquired a new position in Booz Allen Hamilton during the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 91.82% of the company's stock.

Booz Allen Hamilton Stock Performance

Booz Allen Hamilton stock traded up $2.61 during trading hours on Wednesday, reaching $111.64. 2,502,104 shares of the stock were exchanged, compared to its average volume of 2,099,909. The stock has a market cap of $13.76 billion, a P/E ratio of 13.71, a P/E/G ratio of 1.71 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. Booz Allen Hamilton Holding Corporation has a 52-week low of $98.95 and a 52-week high of $190.59. The firm's 50 day moving average is $106.67 and its 200 day moving average is $112.50.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The business services provider reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.03. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.96 billion. Booz Allen Hamilton had a net margin of 8.70% and a return on equity of 73.05%. Booz Allen Hamilton's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.38 EPS. Analysts predict that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Thursday, August 14th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Thursday, August 14th. Booz Allen Hamilton's dividend payout ratio (DPR) is currently 27.03%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BAH. Wells Fargo & Company lowered their target price on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. William Blair upgraded shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a report on Monday, July 21st. Raymond James Financial restated a "market perform" rating on shares of Booz Allen Hamilton in a report on Friday, May 23rd. JPMorgan Chase & Co. upped their target price 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. Finally, Barclays decreased their price target 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. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price 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.