BlackRock Inc. Purchases 1,853,333 Shares of Booz Allen Hamilton Holding Co. (BAH)

BlackRock Inc. grew its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 22.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,163,902 shares of the business services provider’s stock after purchasing an additional 1,853,333 shares during the quarter. BlackRock Inc. owned approximately 7.14% of Booz Allen Hamilton worth $504,433,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. American Century Companies Inc. boosted its stake in shares of Booz Allen Hamilton by 157.6% during the third quarter. American Century Companies Inc. now owns 4,971,183 shares of the business services provider’s stock valued at $246,720,000 after purchasing an additional 3,041,524 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Booz Allen Hamilton by 12.1% in the third quarter. Wells Fargo & Company MN now owns 3,882,800 shares of the business services provider’s stock worth $192,703,000 after acquiring an additional 420,157 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of 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 during the period. Artemis Investment Management LLP lifted its stake in shares of 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 during the period. Finally, Bank of America Corp DE lifted its stake in shares of Booz Allen Hamilton by 18.9% in the second quarter. Bank of America Corp DE now owns 1,014,530 shares of the business services provider’s stock worth $44,365,000 after acquiring an additional 161,426 shares during the period. 93.38% of the stock is currently owned by hedge funds and other institutional investors.

Booz Allen Hamilton stock opened at $48.58 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 2.67. The company has a market capitalization of $7.05 billion, a P/E ratio of 24.17, a P/E/G ratio of 1.30 and a beta of 1.13. Booz Allen Hamilton Holding Co. has a one year low of $35.21 and a one year high of $52.88.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Wednesday, November 14th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.56%. The ex-dividend date was Tuesday, November 13th. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 37.81%.

A number of research firms recently commented on BAH. Zacks Investment Research raised Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Monday, October 1st. Drexel Hamilton reaffirmed a “hold” rating on shares of Booz Allen Hamilton in a research note on Monday, October 29th. Wells Fargo & Co lifted their price objective on Booz Allen Hamilton from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 30th. Citigroup lifted their price objective on Booz Allen Hamilton from $46.00 to $52.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 30th. Finally, Raymond James lifted their price objective on 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 research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $53.22.

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

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