Bank of New York Mellon Corp Reduces Position in Booz Allen Hamilton Holding Co. (BAH)
Bank of New York Mellon Corp decreased its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 19.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,609,167 shares of the business services provider’s stock after selling 377,286 shares during the quarter. Bank of New York Mellon Corp owned 1.08% of Booz Allen Hamilton worth $60,166,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Advisor Group Inc. raised its stake in Booz Allen Hamilton by 13.1% during the 2nd quarter. Advisor Group Inc. now owns 3,497 shares of the business services provider’s stock worth $113,000 after acquiring an additional 405 shares during the period. Brookstone Capital Management bought a new stake in Booz Allen Hamilton during the 2nd quarter worth approximately $255,000. PNC Financial Services Group Inc. raised its stake in Booz Allen Hamilton by 4.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 28,704 shares of the business services provider’s stock worth $933,000 after acquiring an additional 1,183 shares during the period. Cambridge Investment Research Advisors Inc. bought a new stake in Booz Allen Hamilton during the 2nd quarter worth approximately $277,000. Finally, Cubist Systematic Strategies LLC raised its stake in Booz Allen Hamilton by 40.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 55,379 shares of the business services provider’s stock worth $1,802,000 after acquiring an additional 15,906 shares during the period. 92.56% of the stock is currently owned by institutional investors.
In other news, insider Karen M. Dahut sold 46,406 shares of Booz Allen Hamilton stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $38.02, for a total transaction of $1,764,356.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Elizabeth M. Thompson sold 28,000 shares of the firm’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $36.69, for a total transaction of $1,027,320.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,406 shares of company stock worth $3,871,976. Company insiders own 3.04% of the company’s stock.
Shares of Booz Allen Hamilton Holding Co. (NYSE BAH) opened at $38.55 on Friday. The stock has a market cap of $5,641.47, a P/E ratio of 21.03, a PEG ratio of 2.40 and a beta of 1.28. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 3.33. Booz Allen Hamilton Holding Co. has a 1 year low of $31.06 and a 1 year high of $39.67.
Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings data on Monday, November 6th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Booz Allen Hamilton had a net margin of 4.52% and a return on equity of 48.30%. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 earnings per share. sell-side analysts expect that Booz Allen Hamilton Holding Co. will post 1.91 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Tuesday, November 14th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, November 13th. This represents a $0.68 annualized dividend and a dividend yield of 1.76%. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.13. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 37.57%.
A number of equities research analysts have commented on BAH shares. Cowen restated a “buy” rating and set a $50.00 target price (up previously from $41.00) on shares of Booz Allen Hamilton in a research note on Thursday, October 12th. Zacks Investment Research upgraded shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Wednesday, November 8th. BidaskClub cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. ValuEngine cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. Finally, Stifel Nicolaus started coverage on shares of Booz Allen Hamilton in a research note on Tuesday, November 21st. They set a “buy” rating and a $46.00 target price on the stock. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $40.95.
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Booz Allen Hamilton Profile
Booz Allen Hamilton Holding Corporation is a holding company. The Company is a provider of management and technology, consulting and engineering services to the United States and international governments, corporations and not-for-profit organizations. The Company’s client base includes government, commercial and international clients.
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