Stifel Financial Corp Cuts Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Stifel Financial Corp lessened its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 3.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 61,666 shares of the business services provider’s stock after selling 2,147 shares during the period. Stifel Financial Corp’s holdings in Booz Allen Hamilton were worth $4,383,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp increased its stake in Booz Allen Hamilton by 1.6% during the third quarter. State Street Corp now owns 1,996,053 shares of the business services provider’s stock worth $141,760,000 after acquiring an additional 31,968 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Booz Allen Hamilton by 223.1% in the 3rd quarter. Voya Investment Management LLC now owns 1,520,670 shares of the business services provider’s stock worth $107,998,000 after purchasing an additional 1,050,036 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Booz Allen Hamilton by 26.8% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,677 shares of the business services provider’s stock worth $261,000 after purchasing an additional 777 shares during the period. BBVA USA Bancshares Inc. purchased a new position in shares of Booz Allen Hamilton in the 3rd quarter worth approximately $565,000. Finally, Boston Advisors LLC increased its position in shares of Booz Allen Hamilton by 4.2% during the 3rd quarter. Boston Advisors LLC now owns 108,314 shares of the business services provider’s stock valued at $7,692,000 after purchasing an additional 4,377 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

BAH opened at $72.10 on Friday. The stock has a market cap of $10.12 billion, a price-to-earnings ratio of 26.12, a P/E/G ratio of 1.80 and a beta of 0.89. The stock’s 50 day moving average price is $71.73 and its 200-day moving average price is $69.69. Booz Allen Hamilton Holding Co. has a one year low of $43.24 and a one year high of $78.01. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.79 and a current ratio of 1.79.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results on Friday, November 1st. The business services provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.11. Booz Allen Hamilton had a return on equity of 57.89% and a net margin of 6.40%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the prior year, the business posted $0.68 earnings per share. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. As a group, analysts predict that Booz Allen Hamilton Holding Co. will post 3.12 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.50%. The ex-dividend date was Wednesday, November 13th. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.13. Booz Allen Hamilton’s dividend payout ratio is 39.13%.

Several analysts recently weighed in on BAH shares. SunTrust Banks increased their price target on Booz Allen Hamilton to $88.00 and gave the company a “buy” rating in a report on Monday, November 4th. Zacks Investment Research raised shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research note on Monday, November 25th. Cowen reiterated a “buy” rating and set a $85.00 price objective on shares of Booz Allen Hamilton in a research report on Sunday, November 3rd. JPMorgan Chase & Co. assumed coverage on shares of Booz Allen Hamilton in a research note on Tuesday, September 24th. They issued a “neutral” rating and a $77.00 target price on the stock. Finally, ValuEngine downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $77.22.

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.

Featured Story: Cash Asset Ratio

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.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit