Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp grew its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 22.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,429 shares of the business services provider's stock after purchasing an additional 9,157 shares during the period. Fifth Third Bancorp's holdings in Booz Allen Hamilton were worth $5,274,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of Booz Allen Hamilton by 12.5% during the fourth quarter. JPMorgan Chase & Co. now owns 4,518,386 shares of the business services provider's stock valued at $581,516,000 after purchasing an additional 501,725 shares during the period. First Trust Advisors LP raised its stake in shares of Booz Allen Hamilton by 15.3% during the fourth quarter. First Trust Advisors LP now owns 2,804,642 shares of the business services provider's stock valued at $360,957,000 after purchasing an additional 371,390 shares during the period. Janus Henderson Group PLC raised its stake in shares of Booz Allen Hamilton by 179.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider's stock valued at $227,425,000 after purchasing an additional 1,135,426 shares during the period. Bank of America Corp DE grew its position in shares of Booz Allen Hamilton by 61.4% during the fourth quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider's stock worth $199,770,000 after buying an additional 590,655 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Booz Allen Hamilton in the fourth quarter worth $196,578,000. Hedge funds and other institutional investors own 91.82% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Raymond James restated a "market perform" rating on shares of Booz Allen Hamilton in a research note on Friday, May 23rd. Cantor Fitzgerald upgraded shares of Booz Allen Hamilton to a "strong-buy" rating in a research note on Tuesday, February 25th. Wall Street Zen lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. JPMorgan Chase & Co. dropped their price target on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating for the company in a research note on Tuesday, April 15th. Finally, The Goldman Sachs Group lowered shares of Booz Allen Hamilton from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $108.00 to $94.00 in a research note on Wednesday, May 28th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $136.90.

Booz Allen Hamilton Stock Performance

Shares of BAH traded up $1.25 during midday trading on Friday, hitting $103.35. 2,209,428 shares of the stock traded hands, compared to its average volume of 1,697,029. Booz Allen Hamilton Holding Co. has a 1-year low of $99.13 and a 1-year high of $190.59. The firm has a market capitalization of $12.84 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 1.25 and a beta of 0.49. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. The business's 50 day moving average price is $114.15 and its two-hundred day moving average price is $120.76.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its quarterly earnings results on Friday, May 23rd. The business services provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.02. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the previous year, the company posted $1.33 earnings per share. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. Equities research analysts predict that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Wednesday, June 11th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Wednesday, June 11th. Booz Allen Hamilton's dividend payout ratio (DPR) is 30.34%.

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.