Bank of New York Mellon Corp Sells 117,297 Shares of Booz Allen Hamilton Holding Corporation $BAH

Bank of New York Mellon Corp cut its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 9.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,110,596 shares of the business services provider’s stock after selling 117,297 shares during the quarter. Bank of New York Mellon Corp’s holdings in Booz Allen Hamilton were worth $86,660,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. boosted its position in shares of Booz Allen Hamilton by 26.1% in the third quarter. Johnson Financial Group Inc. now owns 600 shares of the business services provider’s stock worth $60,000 after purchasing an additional 124 shares during the period. Campbell & CO Investment Adviser LLC increased its stake in shares of Booz Allen Hamilton by 2.8% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 4,916 shares of the business services provider’s stock worth $415,000 after purchasing an additional 133 shares in the last quarter. Activest Wealth Management raised its position in shares of Booz Allen Hamilton by 141.3% during the 4th quarter. Activest Wealth Management now owns 304 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 178 shares during the period. Arkadios Wealth Advisors lifted its stake in shares of Booz Allen Hamilton by 7.3% during the 4th quarter. Arkadios Wealth Advisors now owns 2,646 shares of the business services provider’s stock valued at $223,000 after buying an additional 179 shares in the last quarter. Finally, Cresset Asset Management LLC lifted its stake in shares of Booz Allen Hamilton by 6.2% during the 2nd quarter. Cresset Asset Management LLC now owns 3,257 shares of the business services provider’s stock valued at $339,000 after buying an additional 191 shares in the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Booz Allen Hamilton Stock Down 0.9%

BAH opened at $63.94 on Wednesday. The company has a market capitalization of $7.66 billion, a PE ratio of 9.28, a price-to-earnings-growth ratio of 3.64 and a beta of 0.36. The firm has a 50-day simple moving average of $70.63 and a two-hundred day simple moving average of $78.59. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.55. Booz Allen Hamilton Holding Corporation has a 52 week low of $59.50 and a 52 week high of $120.04.

Booz Allen Hamilton (NYSE:BAH) last issued its earnings results on Friday, May 22nd. The business services provider reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.46. The firm 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%.The business’s revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.61 earnings per share. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. Analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.31 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Wednesday, June 10th were paid a $0.59 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $2.36 dividend on an annualized basis and a yield of 3.7%. Booz Allen Hamilton’s payout ratio is presently 34.25%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BAH. Citigroup cut their price target on Booz Allen Hamilton from $88.00 to $69.00 and set a “neutral” rating for the company in a research note on Wednesday, July 1st. Wells Fargo & Company began coverage on Booz Allen Hamilton in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $85.00 price objective on the stock. UBS Group reaffirmed a “neutral” rating and issued a $83.00 price objective on shares of Booz Allen Hamilton in a research note on Tuesday, May 26th. Truist Financial cut their target price on Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating for the company in a research report on Friday, July 10th. Finally, BNP Paribas Exane initiated coverage on Booz Allen Hamilton in a research note on Wednesday, May 27th. They set a “neutral” rating and a $80.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $79.83.

Booz Allen Hamilton 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.