Booz Allen Hamilton Holding Corporation $BAH Shares Bought by Royal Bank of Canada

Key Points

• Royal Bank of Canada increased its holdings in Booz Allen Hamilton by 67.7%, owning 881,300 shares valued at approximately $92.17 million.
• Booz Allen Hamilton reported an earnings per share of $1.48 for the last quarter, slightly exceeding estimates, despite a year-over-year revenue decrease of 0.6%.
• The company announced a quarterly dividend of $0.55 per share, representing an annualized yield of 2.1% and a payout ratio of 27.03%.

Royal Bank of Canada boosted its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 67.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 881,300 shares of the business services provider's stock after purchasing an additional 355,865 shares during the quarter. Royal Bank of Canada owned approximately 0.70% of Booz Allen Hamilton worth $92,166,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BAH. Mercer Global Advisors Inc. ADV purchased a new position in shares of Booz Allen Hamilton in the 4th quarter valued at about $434,000. Ancora Advisors LLC purchased a new position in Booz Allen Hamilton during the 4th quarter worth approximately $34,000. Algert Global LLC purchased a new position in Booz Allen Hamilton during the 4th quarter worth approximately $3,975,000. BNP Paribas Financial Markets grew its stake in Booz Allen Hamilton by 661.4% during the 4th quarter. BNP Paribas Financial Markets now owns 402,966 shares of the business services provider's stock worth $51,862,000 after buying an additional 350,039 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its stake in Booz Allen Hamilton by 7.2% during the 4th quarter. Benjamin Edwards Inc. now owns 23,332 shares of the business services provider's stock worth $3,003,000 after buying an additional 1,570 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Barclays dropped their price target on Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 28th. UBS Group set a $119.00 price target on Booz Allen Hamilton and gave the company a "neutral" rating in a report on Monday, July 28th. Raymond James Financial reissued a "market perform" rating on shares of Booz Allen Hamilton in a report on Friday, May 23rd. Wall Street Zen cut Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, JPMorgan Chase & Co. lifted their price objective on Booz Allen Hamilton from $115.00 to $122.00 and gave the stock an "underweight" rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $134.00.

Booz Allen Hamilton Price Performance

Booz Allen Hamilton stock traded down $0.64 during mid-day trading on Friday, hitting $102.56. 2,394,776 shares of the company were exchanged, compared to its average volume of 1,362,121. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.78 and a quick ratio of 1.78. The business's 50 day simple moving average is $108.93 and its two-hundred day simple moving average is $110.38. The company has a market capitalization of $12.64 billion, a P/E ratio of 12.60, a PEG ratio of 1.61 and a beta of 0.45. Booz Allen Hamilton Holding Corporation has a 12-month low of $98.95 and a 12-month high of $190.59.

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, beating analysts' consensus estimates of $1.45 by $0.03. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.96 billion. Booz Allen Hamilton had a return on equity of 73.05% and a net margin of 8.70%.The business's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.38 earnings per share. Booz Allen Hamilton has set its FY 2026 guidance at 6.200-6.550 EPS. Analysts forecast 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 declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Thursday, August 14th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, August 14th. Booz Allen Hamilton's payout ratio 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.