Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH – Get Rating) by 10.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,660 shares of the business services provider’s stock after purchasing an additional 3,823 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Booz Allen Hamilton were worth $3,755,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of BAH. First Trust Advisors LP increased its position in Booz Allen Hamilton by 10.9% during the first quarter. First Trust Advisors LP now owns 2,521,503 shares of the business services provider’s stock worth $221,489,000 after buying an additional 247,271 shares in the last quarter. Truist Financial Corp raised its stake in Booz Allen Hamilton by 3.4% in the 3rd quarter. Truist Financial Corp now owns 1,763,000 shares of the business services provider’s stock valued at $162,813,000 after purchasing an additional 58,739 shares during the last quarter. Wellington Management Group LLP raised its stake in Booz Allen Hamilton by 27.8% in the 1st quarter. Wellington Management Group LLP now owns 1,459,668 shares of the business services provider’s stock valued at $128,219,000 after purchasing an additional 317,646 shares during the last quarter. Congress Asset Management Co. MA lifted its holdings in Booz Allen Hamilton by 6.2% in the 2nd quarter. Congress Asset Management Co. MA now owns 1,406,482 shares of the business services provider’s stock valued at $127,090,000 after purchasing an additional 82,010 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Booz Allen Hamilton by 4.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,203,395 shares of the business services provider’s stock worth $105,716,000 after purchasing an additional 50,066 shares during the last quarter. 90.68% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Booz Allen Hamilton from $100.00 to $109.00 and gave the company an “overweight” rating in a research report on Monday, November 7th. Truist Financial increased their price target on Booz Allen Hamilton from $100.00 to $106.00 and gave the stock a “hold” rating in a research note on Monday, October 31st. Morgan Stanley lifted their price objective on Booz Allen Hamilton from $110.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, January 3rd. StockNews.com upgraded Booz Allen Hamilton from a “hold” rating to a “buy” rating in a research report on Tuesday, January 10th. Finally, Raymond James cut Booz Allen Hamilton from an “outperform” rating to a “market perform” rating and set a $99.00 price target for the company. in a report on Wednesday, October 19th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.00.
Booz Allen Hamilton Stock Performance
Booz Allen Hamilton (NYSE:BAH – Get Rating) last announced its quarterly earnings results on Friday, October 28th. The business services provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.22. Booz Allen Hamilton had a net margin of 6.00% and a return on equity of 52.33%. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the previous year, the company posted $1.26 earnings per share. Booz Allen Hamilton’s revenue was up 9.2% compared to the same quarter last year. Equities analysts anticipate that Booz Allen Hamilton Holding Co. will post 4.46 earnings per share for the current year.
Booz Allen Hamilton Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, December 2nd. Investors of record on Tuesday, November 15th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Monday, November 14th. This represents a $1.72 annualized dividend and a dividend yield of 1.86%. Booz Allen Hamilton’s payout ratio is currently 43.65%.
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. The company offers consulting solutions for various domains, business strategies, human capital, and operations.
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