Ameriprise Financial Inc. boosted its position in Booz Allen Hamilton Holding Co. (NYSE:BAH – Free Report) by 7.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,072,060 shares of the business services provider’s stock after purchasing an additional 265,912 shares during the quarter. Ameriprise Financial Inc. owned approximately 3.08% of Booz Allen Hamilton worth $376,548,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. SouthState Corp purchased a new position in Booz Allen Hamilton during the 1st quarter valued at about $35,000. Johnson Financial Group Inc. lifted its holdings in shares of Booz Allen Hamilton by 281.5% during the fourth quarter. Johnson Financial Group Inc. now owns 412 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 304 shares during the last quarter. Spire Wealth Management boosted its position in shares of Booz Allen Hamilton by 54.8% in the 1st quarter. Spire Wealth Management now owns 511 shares of the business services provider’s stock worth $47,000 after purchasing an additional 181 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of Booz Allen Hamilton by 82.6% in the 1st quarter. Global Retirement Partners LLC now owns 568 shares of the business services provider’s stock worth $53,000 after buying an additional 257 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its position in Booz Allen Hamilton by 28.3% during the 4th quarter. First Horizon Advisors Inc. now owns 531 shares of the business services provider’s stock valued at $55,000 after buying an additional 117 shares in the last quarter. Hedge funds and other institutional investors own 90.32% of the company’s stock.
In related news, Director Melody C. Barnes sold 824 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $113.60, for a total value of $93,606.40. Following the transaction, the director now directly owns 17,590 shares of the company’s stock, valued at approximately $1,998,224. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Booz Allen Hamilton news, Director Melody C. Barnes sold 824 shares of the company’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $113.60, for a total value of $93,606.40. Following the completion of the sale, the director now owns 17,590 shares in the company, valued at $1,998,224. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ralph W. Shrader sold 100,000 shares of Booz Allen Hamilton stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $120.56, for a total value of $12,056,000.00. Following the transaction, the director now directly owns 811,090 shares in the company, valued at $97,785,010.40. The disclosure for this sale can be found here. Insiders sold a total of 150,337 shares of company stock valued at $17,736,700 in the last 90 days. Company insiders own 1.76% of the company’s stock.
Booz Allen Hamilton Stock Performance
Booz Allen Hamilton (NYSE:BAH – Get Free Report) last announced its earnings results on Friday, July 28th. The business services provider reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.22. Booz Allen Hamilton had a return on equity of 58.40% and a net margin of 3.05%. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.50 billion. On average, equities analysts forecast that Booz Allen Hamilton Holding Co. will post 5.03 earnings per share for the current year.
Booz Allen Hamilton Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th were given a $0.47 dividend. The ex-dividend date of this dividend was Monday, August 14th. This represents a $1.88 annualized dividend and a yield of 1.66%. Booz Allen Hamilton’s payout ratio is presently 85.07%.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the company. Bank of America increased their target price on Booz Allen Hamilton from $105.00 to $110.00 in a research note on Wednesday, June 7th. TD Cowen increased their price target on shares of Booz Allen Hamilton from $123.00 to $144.00 and gave the company an “outperform” rating in a report on Monday, July 31st. 51job restated a “maintains” rating on shares of Booz Allen Hamilton in a report on Wednesday, May 31st. Jefferies Financial Group increased their target price on Booz Allen Hamilton from $115.00 to $120.00 in a research note on Monday, June 12th. Finally, StockNews.com started coverage on Booz Allen Hamilton in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.00.
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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.
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