Citigroup Inc. Buys 313,472 Shares of Booz Allen Hamilton Holding Corporation $BAH

Citigroup Inc. boosted its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 413.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 389,301 shares of the business services provider’s stock after buying an additional 313,472 shares during the period. Citigroup Inc. owned approximately 0.32% of Booz Allen Hamilton worth $38,911,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Rakuten Securities Inc. grew its position in shares of Booz Allen Hamilton by 414.6% in the second quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 199 shares during the last quarter. West Branch Capital LLC grew its holdings in Booz Allen Hamilton by 58.3% in the 3rd quarter. West Branch Capital LLC now owns 285 shares of the business services provider’s stock valued at $28,000 after buying an additional 105 shares in the last quarter. Cornerstone Planning Group LLC increased its position in Booz Allen Hamilton by 244.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 289 shares of the business services provider’s stock worth $29,000 after buying an additional 205 shares during the period. Golden State Wealth Management LLC lifted its holdings in shares of Booz Allen Hamilton by 244.9% during the second quarter. Golden State Wealth Management LLC now owns 338 shares of the business services provider’s stock worth $35,000 after buying an additional 240 shares in the last quarter. Finally, Eastern Bank bought a new stake in shares of Booz Allen Hamilton in the third quarter valued at about $35,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Weiss Ratings cut shares of Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 13th. Stifel Nicolaus raised their target price on shares of Booz Allen Hamilton from $106.00 to $115.00 and gave the stock a “hold” rating in a report on Monday, January 26th. UBS Group reiterated a “neutral” rating and issued a $97.00 price target on shares of Booz Allen Hamilton in a research report on Tuesday, January 27th. Zacks Research upgraded Booz Allen Hamilton from a “strong sell” rating to a “hold” rating in a research note on Friday, November 28th. Finally, Truist Financial set a $98.00 price objective on Booz Allen Hamilton in a research note on Friday, January 23rd. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $101.25.

Booz Allen Hamilton Stock Performance

NYSE BAH opened at $75.83 on Wednesday. The firm’s 50 day simple moving average is $87.49 and its 200 day simple moving average is $93.10. The firm has a market capitalization of $9.14 billion, a price-to-earnings ratio of 11.27, a P/E/G ratio of 4.36 and a beta of 0.33. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 3.76. Booz Allen Hamilton Holding Corporation has a 1 year low of $73.93 and a 1 year high of $130.91.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings data on Friday, January 23rd. The business services provider reported $1.77 EPS for the quarter, beating the consensus estimate of $1.26 by $0.51. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.74 billion. Booz Allen Hamilton had a net margin of 7.35% and a return on equity of 76.79%. The company’s revenue was down 10.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.55 earnings per share. Booz Allen Hamilton has set its FY 2026 guidance at 5.950-6.150 EPS. As a group, research analysts expect that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be given a $0.59 dividend. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.55. This represents a $2.36 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, February 13th. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 35.07%.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.

Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.