Bank of New York Mellon Corp Has $103.59 Million Stake in Booz Allen Hamilton Holding Corporation $BAH

Bank of New York Mellon Corp grew its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 135.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,227,893 shares of the business services provider’s stock after acquiring an additional 705,930 shares during the period. Bank of New York Mellon Corp’s holdings in Booz Allen Hamilton were worth $103,585,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Primecap Management Co. CA lifted its position in Booz Allen Hamilton by 56.6% during the third quarter. Primecap Management Co. CA now owns 1,983,838 shares of the business services provider’s stock worth $198,285,000 after acquiring an additional 716,780 shares during the last quarter. Citigroup Inc. grew its position in shares of Booz Allen Hamilton by 413.4% in the third quarter. Citigroup Inc. now owns 389,301 shares of the business services provider’s stock valued at $38,911,000 after purchasing an additional 313,472 shares during the last quarter. Midwest Trust Co grew its position in shares of Booz Allen Hamilton by 13.4% in the third quarter. Midwest Trust Co now owns 119,587 shares of the business services provider’s stock valued at $11,953,000 after purchasing an additional 14,134 shares during the last quarter. Versor Investments LP bought a new position in shares of Booz Allen Hamilton during the third quarter worth approximately $1,144,000. Finally, Alberta Investment Management Corp lifted its holdings in Booz Allen Hamilton by 198.0% during the 3rd quarter. Alberta Investment Management Corp now owns 45,600 shares of the business services provider’s stock worth $4,558,000 after purchasing an additional 30,300 shares during the last quarter. Institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Stock Performance

NYSE:BAH opened at $79.48 on Monday. The company has a market cap of $9.52 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 4.52 and a beta of 0.32. Booz Allen Hamilton Holding Corporation has a fifty-two week low of $68.83 and a fifty-two week high of $120.04. The company has a debt-to-equity ratio of 3.55, a quick ratio of 1.78 and a current ratio of 1.78. The stock has a fifty day moving average price of $78.89 and a 200-day moving average price of $82.88.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results on Friday, May 22nd. The business services provider reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.46. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $2.87 billion. Booz Allen Hamilton had a return on equity of 76.07% and a net margin of 7.59%.Booz Allen Hamilton’s revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the business earned $1.61 earnings per share. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. As a group, equities analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.26 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Wednesday, June 10th will be given a $0.59 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $2.36 annualized dividend and a dividend yield of 3.0%. Booz Allen Hamilton’s payout ratio is presently 34.25%.

Analyst Upgrades and Downgrades

BAH has been the subject of several recent research reports. BNP Paribas Exane initiated coverage on Booz Allen Hamilton in a research note on Wednesday, May 27th. They issued a “neutral” rating and a $80.00 price target for the company. Truist Financial dropped their target price on Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating for the company in a report on Monday, April 20th. Citigroup reduced their target price on shares of Booz Allen Hamilton from $109.00 to $87.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. JPMorgan Chase & Co. decreased their price target on shares of Booz Allen Hamilton from $97.00 to $85.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 26th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Booz Allen Hamilton in a research report on Tuesday, May 26th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $88.00.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.

Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.