Private Advisor Group LLC Acquires 1,782 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Private Advisor Group LLC grew its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 30.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,598 shares of the business services provider’s stock after buying an additional 1,782 shares during the period. Private Advisor Group LLC’s holdings in Booz Allen Hamilton were worth $1,169,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BAH. Jensen Investment Management Inc. raised its position in shares of Booz Allen Hamilton by 8.9% in the 2nd quarter. Jensen Investment Management Inc. now owns 30,900 shares of the business services provider’s stock valued at $4,756,000 after purchasing an additional 2,520 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its position in Booz Allen Hamilton by 0.4% during the second quarter. Farmers & Merchants Investments Inc. now owns 59,911 shares of the business services provider’s stock valued at $9,220,000 after purchasing an additional 241 shares during the period. MCF Advisors LLC raised its position in shares of Booz Allen Hamilton by 56.2% in the second quarter. MCF Advisors LLC now owns 353 shares of the business services provider’s stock worth $54,000 after acquiring an additional 127 shares during the period. Journey Advisory Group LLC raised its position in shares of Booz Allen Hamilton by 6.7% in the second quarter. Journey Advisory Group LLC now owns 52,838 shares of the business services provider’s stock worth $8,132,000 after acquiring an additional 3,330 shares during the period. Finally, TD Asset Management Inc raised its position in shares of Booz Allen Hamilton by 27.1% in the second quarter. TD Asset Management Inc now owns 253,914 shares of the business services provider’s stock worth $39,077,000 after acquiring an additional 54,187 shares during the period. 91.82% of the stock is currently owned by institutional investors.

Booz Allen Hamilton Trading Up 1.5 %

Shares of NYSE:BAH opened at $156.99 on Monday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 3.07. The company’s 50 day moving average is $152.02 and its two-hundred day moving average is $150.41. The company has a market cap of $20.30 billion, a PE ratio of 34.13, a P/E/G ratio of 2.19 and a beta of 0.59. Booz Allen Hamilton Holding Co. has a 52 week low of $106.90 and a 52 week high of $164.43.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data 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 65.80% and a net margin of 5.57%. The business had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.92 billion. Equities analysts predict that Booz Allen Hamilton Holding Co. will post 5.96 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Wednesday, August 14th. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 44.35%.

Insider Transactions at Booz Allen Hamilton

In related news, Director Melody C. Barnes sold 1,041 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $143.31, for a total value of $149,185.71. Following the completion of the sale, the director now owns 18,123 shares in the company, valued at $2,597,207.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BAH shares. Truist Financial boosted their target price on shares of Booz Allen Hamilton from $140.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, September 5th. JPMorgan Chase & Co. increased their price target on shares of Booz Allen Hamilton from $136.00 to $154.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Jefferies Financial Group increased their price target on shares of Booz Allen Hamilton from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Barclays decreased their price objective on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating on the stock in a report on Tuesday, July 30th. Finally, Stifel Nicolaus upped their price objective on shares of Booz Allen Hamilton from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $159.33.

Booz Allen Hamilton Company Profile

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 focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.