Booz Allen Hamilton Holding Co. (NYSE:BAH) Holdings Cut by Toronto Dominion Bank

Toronto Dominion Bank cut its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 24.9% in the 1st quarter, Holdings Channel reports. The firm owned 13,886 shares of the business services provider’s stock after selling 4,600 shares during the quarter. Toronto Dominion Bank’s holdings in Booz Allen Hamilton were worth $2,061,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in BAH. Gladius Capital Management LP bought a new position in Booz Allen Hamilton during the 4th quarter worth $1,037,000. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Booz Allen Hamilton by 6.8% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 295,447 shares of the business services provider’s stock worth $43,856,000 after acquiring an additional 18,815 shares during the period. Mediolanum International Funds Ltd bought a new stake in Booz Allen Hamilton in the 1st quarter valued at about $2,044,000. BNP Paribas Financial Markets boosted its stake in Booz Allen Hamilton by 33.6% during the 4th quarter. BNP Paribas Financial Markets now owns 77,191 shares of the business services provider’s stock valued at $9,874,000 after purchasing an additional 19,432 shares during the period. Finally, Sei Investments Co. grew its position in Booz Allen Hamilton by 47.4% in the 1st quarter. Sei Investments Co. now owns 168,377 shares of the business services provider’s stock worth $24,995,000 after purchasing an additional 54,180 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Stock Performance

Shares of BAH opened at $139.84 on Friday. Booz Allen Hamilton Holding Co. has a 12-month low of $106.90 and a 12-month high of $164.43. The stock has a market capitalization of $18.08 billion, a P/E ratio of 30.40, a P/E/G ratio of 1.99 and a beta of 0.57. The firm’s 50 day moving average is $154.09 and its 200-day moving average is $147.46. The company has a debt-to-equity ratio of 3.20, a current ratio of 1.62 and a quick ratio of 1.62.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Friday, July 26th. The business services provider reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.14). Booz Allen Hamilton had a return on equity of 68.12% and a net margin of 5.68%. The business had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.92 billion. Equities research analysts anticipate that Booz Allen Hamilton Holding Co. will post 5.93 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 13th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.46%. The ex-dividend date was Thursday, June 13th. Booz Allen Hamilton’s dividend payout ratio is 44.35%.

Insider Activity at Booz Allen Hamilton

In other Booz Allen Hamilton news, EVP Richard Crowe sold 1,006 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $151.96, for a total transaction of $152,871.76. Following the completion of the sale, the executive vice president now directly owns 29,739 shares of the company’s stock, valued at $4,519,138.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Booz Allen Hamilton news, EVP Richard Crowe sold 1,006 shares of Booz Allen Hamilton stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $151.96, for a total transaction of $152,871.76. Following the transaction, the executive vice president now directly owns 29,739 shares in the company, valued at approximately $4,519,138.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Horacio Rozanski sold 34,571 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total value of $5,329,119.65. Following the completion of the sale, the chief executive officer now owns 579,025 shares of the company’s stock, valued at approximately $89,256,703.75. The disclosure for this sale can be found here. Insiders sold 58,255 shares of company stock worth $8,970,026 in the last quarter. 1.59% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Booz Allen Hamilton from $136.00 to $154.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Truist Financial lifted their target price on Booz Allen Hamilton from $145.00 to $160.00 and gave the company a “hold” rating in a research note on Tuesday, May 28th. TD Cowen increased their price target on Booz Allen Hamilton from $158.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Barclays lifted their price objective on shares of Booz Allen Hamilton from $135.00 to $153.00 and gave the company an “underweight” rating in a research note on Wednesday, May 29th. Finally, Wells Fargo & Company increased their target price on shares of Booz Allen Hamilton from $158.00 to $169.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Booz Allen Hamilton has an average rating of “Hold” and a consensus target price of $161.78.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.