Commonwealth Bank of Australia increased its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 8.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,100 shares of the business services provider’s stock after acquiring an additional 2,300 shares during the period. 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 large investors also recently made changes to their positions in BAH. BlackRock Inc. grew its position in Booz Allen Hamilton by 22.3% in the third quarter. BlackRock Inc. now owns 10,163,902 shares of the business services provider’s stock worth $504,433,000 after acquiring an additional 1,853,333 shares in the last quarter. JPMorgan Chase & Co. grew its position in Booz Allen Hamilton by 541.4% in the third quarter. JPMorgan Chase & Co. now owns 1,885,425 shares of the business services provider’s stock worth $93,574,000 after acquiring an additional 1,591,484 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in Booz Allen Hamilton by 38,875.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 834,074 shares of the business services provider’s stock worth $37,591,000 after acquiring an additional 831,934 shares in the last quarter. Acadian Asset Management LLC grew its position in Booz Allen Hamilton by 154.6% in the fourth quarter. Acadian Asset Management LLC now owns 863,664 shares of the business services provider’s stock worth $38,924,000 after acquiring an additional 524,422 shares in the last quarter. Finally, Artemis Investment Management LLP grew its position in Booz Allen Hamilton by 24.9% in the third quarter. Artemis Investment Management LLP now owns 1,651,959 shares of the business services provider’s stock worth $81,995,000 after acquiring an additional 329,172 shares in the last quarter. Institutional investors own 94.19% of the company’s stock.
Several research analysts recently issued reports on BAH shares. ValuEngine upgraded shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating in a research report on Friday, January 4th. Wells Fargo & Co set a $58.00 target price on shares of Booz Allen Hamilton and gave the stock a “buy” rating in a research report on Saturday, February 2nd. Finally, Zacks Investment Research upgraded shares of Booz Allen Hamilton from a “hold” rating to a “strong-buy” rating and set a $53.00 target price for the company in a research report on Wednesday, January 16th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $53.63.
Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Friday, February 1st. The business services provider reported $0.72 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same period in the prior year, the business posted $0.51 earnings per share. The company’s revenue was up 13.1% on a year-over-year basis. Sell-side analysts predict that Booz Allen Hamilton Holding Co. will post 2.72 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 28th. Shareholders of record on Thursday, February 14th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.63%. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.19. The ex-dividend date was Wednesday, February 13th. Booz Allen Hamilton’s dividend payout ratio is presently 45.77%.
In other Booz Allen Hamilton news, insider Horacio Rozanski sold 45,000 shares of the company’s stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $49.00, for a total transaction of $2,205,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Nancy Laben sold 15,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $55.02, for a total transaction of $825,300.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 98,625 shares of company stock valued at $5,106,885. Company insiders own 3.56% of the company’s stock.
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About Booz Allen Hamilton
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.
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