Bank of New York Mellon Corp cut its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 36.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,019,202 shares of the business services provider’s stock after selling 589,965 shares during the quarter. Bank of New York Mellon Corp’s holdings in Booz Allen Hamilton were worth $38,861,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Trust Advisors LP boosted its holdings in Booz Allen Hamilton by 3,184.4% during the 4th quarter. First Trust Advisors LP now owns 631,557 shares of the business services provider’s stock valued at $24,081,000 after acquiring an additional 612,328 shares during the period. Bailard Inc. purchased a new position in Booz Allen Hamilton during the 4th quarter valued at about $2,761,000. Swiss National Bank boosted its holdings in Booz Allen Hamilton by 1.4% during the 4th quarter. Swiss National Bank now owns 253,157 shares of the business services provider’s stock valued at $9,653,000 after acquiring an additional 3,400 shares during the period. Camelot Portfolios LLC purchased a new position in Booz Allen Hamilton during the 4th quarter valued at about $220,000. Finally, California Public Employees Retirement System boosted its holdings in Booz Allen Hamilton by 5.2% during the 4th quarter. California Public Employees Retirement System now owns 454,828 shares of the business services provider’s stock valued at $17,343,000 after acquiring an additional 22,288 shares during the period. Institutional investors and hedge funds own 93.56% of the company’s stock.
Shares of Booz Allen Hamilton Holding Co. (BAH) opened at $39.23 on Tuesday. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market capitalization of $5,710.00, a PE ratio of 20.43, a price-to-earnings-growth ratio of 1.99 and a beta of 1.28. Booz Allen Hamilton Holding Co. has a 12-month low of $31.06 and a 12-month high of $40.25.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were given a $0.19 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $0.76 dividend on an annualized basis and a yield of 1.94%. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.17. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 39.58%.
In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,018 shares of the stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $39.30, for a total value of $40,007.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Lloyd Howell, Jr. sold 22,624 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $40.25, for a total value of $910,616.00. The disclosure for this sale can be found here. Insiders sold a total of 153,131 shares of company stock worth $6,116,525 in the last ninety days. 3.04% of the stock is owned by corporate insiders.
A number of equities analysts recently commented on BAH shares. Stifel Nicolaus restated a “buy” rating and set a $50.00 target price on shares of Booz Allen Hamilton in a report on Tuesday, January 9th. SunTrust Banks started coverage on Booz Allen Hamilton in a report on Friday, December 1st. They set a “buy” rating and a $47.00 target price for the company. Zacks Investment Research cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Finally, Cowen restated a “buy” rating and set a $50.00 target price on shares of Booz Allen Hamilton in a report on Monday, February 5th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $41.32.
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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