GAM Holding AG Lowers Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

GAM Holding AG trimmed its position in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 19.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,693 shares of the business services provider's stock after selling 11,481 shares during the quarter. GAM Holding AG's holdings in Booz Allen Hamilton were worth $6,100,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janiczek Wealth Management LLC acquired a new position in shares of Booz Allen Hamilton during the 3rd quarter worth about $25,000. VisionPoint Advisory Group LLC grew its position in shares of Booz Allen Hamilton by 75.6% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 274 shares of the business services provider's stock worth $30,000 after buying an additional 118 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Booz Allen Hamilton during the 3rd quarter worth about $31,000. DHJJ Financial Advisors Ltd. acquired a new position in shares of Booz Allen Hamilton during the 3rd quarter worth about $34,000. Finally, BKM Wealth Management LLC acquired a new position in shares of Booz Allen Hamilton during the 4th quarter worth about $40,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on BAH. Wells Fargo & Company lifted their price objective on Booz Allen Hamilton from $138.00 to $158.00 and gave the company an "equal weight" rating in a report on Tuesday, January 30th. JPMorgan Chase & Co. lifted their price objective on Booz Allen Hamilton from $120.00 to $136.00 and gave the company a "neutral" rating in a report on Tuesday, February 6th. The Goldman Sachs Group lifted their price objective on Booz Allen Hamilton from $141.00 to $158.00 and gave the company a "buy" rating in a report on Monday, January 29th. Truist Financial lifted their price objective on Booz Allen Hamilton from $120.00 to $145.00 and gave the company a "hold" rating in a report on Monday, January 29th. Finally, Barclays cut Booz Allen Hamilton from an "equal weight" rating to an "underweight" rating in a research note on Friday, January 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $139.56.

Booz Allen Hamilton Stock Up 0.6 %

Shares of NYSE:BAH traded up $0.89 during trading on Wednesday, hitting $147.74. 438,532 shares of the company were exchanged, compared to its average volume of 630,808. The stock has a market cap of $19.17 billion, a price-to-earnings ratio of 47.66, a P/E/G ratio of 2.03 and a beta of 0.53. Booz Allen Hamilton Holding Co. has a fifty-two week low of $89.80 and a fifty-two week high of $150.59. The firm has a fifty day moving average price of $145.82 and a two-hundred day moving average price of $131.36. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 3.10.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings results on Friday, January 26th. The business services provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.28. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.54 billion. Booz Allen Hamilton had a return on equity of 65.31% and a net margin of 3.96%. The business's quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.07 EPS. As a group, research analysts anticipate that Booz Allen Hamilton Holding Co. will post 5.41 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 12th were issued a dividend of $0.51 per share. The ex-dividend date was Friday, February 9th. This is a positive change from Booz Allen Hamilton's previous quarterly dividend of $0.47. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.38%. Booz Allen Hamilton's payout ratio is presently 65.81%.

Insider Buying and Selling

In related news, CFO Matthew Calderone sold 1,500 shares of the business's stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $146.51, for a total transaction of $219,765.00. Following the transaction, the chief financial officer now directly owns 25,462 shares of the company's stock, valued at approximately $3,730,437.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Booz Allen Hamilton news, CEO Horacio Rozanski sold 49,000 shares of the company's stock in a transaction on Friday, February 9th. The stock was sold at an average price of $145.69, for a total value of $7,138,810.00. Following the transaction, the chief executive officer now directly owns 557,411 shares of the company's stock, valued at approximately $81,209,208.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Matthew Calderone sold 1,500 shares of the company's stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $146.51, for a total value of $219,765.00. Following the completion of the transaction, the chief financial officer now directly owns 25,462 shares in the company, valued at $3,730,437.62. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,568 shares of company stock valued at $8,067,487. 1.76% of the stock is owned by insiders.

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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.