Booz Allen Hamilton Holding Co. (BAH) Stake Lessened by Prudential Financial Inc.

Prudential Financial Inc. trimmed its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 71.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 237,324 shares of the business services provider’s stock after selling 591,030 shares during the quarter. Prudential Financial Inc. owned approximately 0.17% of Booz Allen Hamilton worth $11,778,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BAH. Ffcm LLC purchased a new position in shares of Booz Allen Hamilton during the third quarter worth approximately $771,000. JPMorgan Chase & Co. raised its stake in shares of Booz Allen Hamilton by 541.4% during 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. Opus Capital Group LLC raised its stake in shares of Booz Allen Hamilton by 95.1% during the third quarter. Opus Capital Group LLC now owns 13,367 shares of the business services provider’s stock worth $663,000 after acquiring an additional 6,517 shares in the last quarter. Dupont Capital Management Corp raised its stake in shares of Booz Allen Hamilton by 1.8% during the third quarter. Dupont Capital Management Corp now owns 72,620 shares of the business services provider’s stock worth $3,604,000 after acquiring an additional 1,317 shares in the last quarter. Finally, Brookstone Capital Management raised its stake in shares of Booz Allen Hamilton by 16.2% during the third quarter. Brookstone Capital Management now owns 13,721 shares of the business services provider’s stock worth $681,000 after acquiring an additional 1,911 shares in the last quarter. 93.38% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Booz Allen Hamilton stock opened at $51.31 on Monday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 2.67. Booz Allen Hamilton Holding Co. has a 52-week low of $35.21 and a 52-week high of $52.88. The company has a market capitalization of $7.30 billion, a PE ratio of 25.53, a PEG ratio of 1.35 and a beta of 1.13.

Booz Allen Hamilton (NYSE:BAH) last issued its earnings results on Monday, October 29th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.08. Booz Allen Hamilton had a net margin of 5.50% and a return on equity of 58.75%. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the business earned $0.50 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. As a group, analysts predict that Booz Allen Hamilton Holding Co. will post 2.64 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Wednesday, November 14th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Tuesday, November 13th. Booz Allen Hamilton’s dividend payout ratio is 37.81%.

In other news, insider Kristine Anderson sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $51.54, for a total value of $1,030,800.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ralph W. Shrader sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $51.06, for a total transaction of $1,531,800.00. The disclosure for this sale can be found here. 3.56% of the stock is currently owned by company insiders.

Several research analysts have commented on the stock. Credit Suisse Group lifted their price target on shares of Booz Allen Hamilton from $53.00 to $56.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 30th. Citigroup lifted their price target on shares of Booz Allen Hamilton from $46.00 to $52.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 30th. Bank of America downgraded shares of Booz Allen Hamilton from a “neutral” rating to an “underperform” rating and set a $50.00 price target on the stock. in a research note on Monday, November 5th. Cowen reissued a “buy” rating and set a $54.00 price target on shares of Booz Allen Hamilton in a research note on Monday, October 29th. Finally, Raymond James lifted their price target on shares of Booz Allen Hamilton from $53.00 to $55.00 and gave the stock an “outperform” rating in a research note on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. Booz Allen Hamilton currently has a consensus rating of “Buy” and an average price target of $53.22.

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Booz Allen Hamilton 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.

Further Reading: What is the quiet period?

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

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