Commonwealth Bank of Australia boosted its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 8.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 29,100 shares of the business services provider’s stock after acquiring an additional 2,300 shares during the quarter. Commonwealth Bank of Australia’s holdings in Booz Allen Hamilton were worth $1,308,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BAH. CWM LLC grew its holdings in shares of Booz Allen Hamilton by 81.9% during the fourth quarter. CWM LLC now owns 815 shares of the business services provider’s stock valued at $37,000 after buying an additional 367 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Booz Allen Hamilton by 47.4% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 821 shares of the business services provider’s stock valued at $37,000 after buying an additional 264 shares during the last quarter. Pearl River Capital LLC purchased a new stake in shares of Booz Allen Hamilton during the fourth quarter valued at approximately $37,000. Enlightenment Research LLC purchased a new stake in shares of Booz Allen Hamilton during the fourth quarter valued at approximately $104,000. Finally, Quantamental Technologies LLC purchased a new stake in shares of Booz Allen Hamilton during the fourth quarter valued at approximately $197,000. Institutional investors and hedge funds own 94.19% of the company’s stock.

In related news, insider Horacio Rozanski sold 45,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $49.00, for a total value of $2,205,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Charles O. Rossotti sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $53.26, for a total transaction of $532,600.00. The disclosure for this sale can be found here. Insiders sold 98,625 shares of company stock worth $5,106,885 in the last 90 days. 3.56% of the stock is currently owned by corporate insiders.

Shares of BAH stock opened at $56.27 on Friday. Booz Allen Hamilton Holding Co. has a 12-month low of $37.34 and a 12-month high of $56.31. The company has a debt-to-equity ratio of 2.54, a quick ratio of 1.50 and a current ratio of 1.50. The company has a market capitalization of $7.80 billion, a P/E ratio of 28.00, a P/E/G ratio of 1.40 and a beta of 1.07.

Booz Allen Hamilton (NYSE:BAH) last issued its earnings results on Friday, February 1st. The business services provider reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.14. Booz Allen Hamilton had a net margin of 6.31% and a return on equity of 61.40%. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter last year, the company posted $0.51 earnings per share. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. As a group, equities analysts predict that Booz Allen Hamilton Holding Co. will post 2.72 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 28th. Investors of record on Thursday, February 14th were issued a $0.23 dividend. The ex-dividend date was Wednesday, February 13th. This represents a $0.92 annualized dividend and a yield of 1.63%. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.19. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 45.77%.

A number of research firms have recently commented on BAH. Wells Fargo & Co set a $58.00 price target on shares of Booz Allen Hamilton and gave the company a “buy” rating in a report on Saturday, February 2nd. Zacks Investment Research upgraded shares of Booz Allen Hamilton from a “hold” rating to a “strong-buy” rating and set a $53.00 price target on the stock in a report on Wednesday, January 16th. Finally, ValuEngine upgraded shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating in a report on Friday, January 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Booz Allen Hamilton presently has a consensus rating of “Buy” and a consensus target price of $53.63.

ILLEGAL ACTIVITY WARNING: This article was first published by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this article can be read at https://www.dailypolitical.com/2019/03/15/commonwealth-bank-of-australia-acquires-2300-shares-of-booz-allen-hamilton-holding-co-bah.html.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation provides management and technology consulting, engineering, analytics, digital, mission operations, and cyber solutions 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.

Read More: How to interpret a stock’s beta number

Want to see what other hedge funds are holding BAH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booz Allen Hamilton Holding Co. (NYSE:BAH).

Institutional Ownership by Quarter for Booz Allen Hamilton (NYSE:BAH)

Receive News & Ratings for Booz Allen Hamilton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booz Allen Hamilton and related companies with MarketBeat.com's FREE daily email newsletter.