Aviva PLC decreased its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 84.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,167 shares of the business services provider’s stock after selling 474,368 shares during the period. Aviva PLC owned approximately 0.07% of Booz Allen Hamilton worth $8,973,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Booz Allen Hamilton by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 13,071,741 shares of the business services provider’s stock worth $1,367,043,000 after acquiring an additional 237,720 shares during the period. AQR Capital Management LLC lifted its position in shares of Booz Allen Hamilton by 288.4% during the first quarter. AQR Capital Management LLC now owns 1,622,132 shares of the business services provider’s stock worth $168,491,000 after purchasing an additional 1,204,446 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Booz Allen Hamilton by 187.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,566,826 shares of the business services provider’s stock valued at $168,136,000 after purchasing an additional 1,021,809 shares during the period. 1832 Asset Management L.P. boosted its stake in shares of Booz Allen Hamilton by 78.7% in the first quarter. 1832 Asset Management L.P. now owns 1,466,529 shares of the business services provider’s stock valued at $153,370,000 after purchasing an additional 646,053 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Booz Allen Hamilton by 603.1% during the 1st quarter. Wellington Management Group LLP now owns 1,446,414 shares of the business services provider’s stock valued at $151,266,000 after purchasing an additional 1,240,689 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.
Booz Allen Hamilton Stock Down 2.5%
NYSE:BAH opened at $84.87 on Thursday. The company has a debt-to-equity ratio of 3.89, a quick ratio of 1.78 and a current ratio of 1.76. The company has a market capitalization of $10.29 billion, a price-to-earnings ratio of 12.96, a price-to-earnings-growth ratio of 1.46 and a beta of 0.39. Booz Allen Hamilton Holding Corporation has a one year low of $82.23 and a one year high of $182.35. The stock has a 50-day simple moving average of $96.64 and a 200 day simple moving average of $105.68.
Booz Allen Hamilton Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Friday, November 14th will be paid a dividend of $0.55 per share. The ex-dividend date is Friday, November 14th. This represents a $2.20 annualized dividend and a yield of 2.6%. Booz Allen Hamilton’s payout ratio is presently 33.59%.
Insider Buying and Selling at Booz Allen Hamilton
In other Booz Allen Hamilton news, CEO Horacio Rozanski purchased 23,800 shares of Booz Allen Hamilton stock in a transaction dated Thursday, October 30th. The shares were bought at an average cost of $84.66 per share, for a total transaction of $2,014,908.00. Following the transaction, the chief executive officer owned 687,745 shares in the company, valued at $58,224,491.70. This represents a 3.58% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.91% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have commented on BAH. Cowen lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Friday, October 17th. Bank of America lowered Booz Allen Hamilton from a “buy” rating to an “underperform” rating and set a $90.00 target price on the stock. in a research report on Friday, October 24th. JPMorgan Chase & Co. reduced their price target on Booz Allen Hamilton from $122.00 to $90.00 and set an “underweight” rating for the company in a report on Monday, October 27th. UBS Group lowered their price objective on Booz Allen Hamilton from $115.00 to $93.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. Finally, Zacks Research lowered Booz Allen Hamilton from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $110.82.
Check Out Our Latest Stock Analysis on Booz Allen Hamilton
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.
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