1832 Asset Management L.P. Has $138.75 Million Stock Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

1832 Asset Management L.P. trimmed its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 26.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 901,540 shares of the business services provider’s stock after selling 315,979 shares during the quarter. 1832 Asset Management L.P. owned approximately 0.70% of Booz Allen Hamilton worth $138,747,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new stake in shares of Booz Allen Hamilton during the second quarter valued at about $26,000. OFI Invest Asset Management acquired a new position in shares of Booz Allen Hamilton in the second quarter worth approximately $29,000. Banque Cantonale Vaudoise lifted its stake in shares of Booz Allen Hamilton by 112.4% in the first quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock worth $31,000 after acquiring an additional 109 shares during the period. MCF Advisors LLC lifted its stake in shares of Booz Allen Hamilton by 103.6% in the first quarter. MCF Advisors LLC now owns 226 shares of the business services provider’s stock worth $34,000 after acquiring an additional 115 shares during the period. Finally, Innealta Capital LLC acquired a new position in shares of Booz Allen Hamilton in the second quarter worth approximately $34,000. 91.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on BAH. Barclays cut their price objective on Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 30th. Jefferies Financial Group lifted their price objective on Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Wells Fargo & Company raised Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $168.00 to $165.00 in a research note on Monday, July 29th. TD Cowen lowered their target price on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, July 29th. Finally, JPMorgan Chase & Co. lifted their target price on Booz Allen Hamilton from $136.00 to $154.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Booz Allen Hamilton presently has a consensus rating of “Moderate Buy” and an average price target of $159.33.

Booz Allen Hamilton Trading Up 1.1 %

NYSE BAH opened at $157.89 on Friday. The company has a market cap of $20.42 billion, a price-to-earnings ratio of 34.32, 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. The business has a 50 day moving average price of $152.10 and a 200-day moving average price of $150.69. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 3.07.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings data on Friday, July 26th. The business services provider reported $1.38 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.14). The firm had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.92 billion. Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. As a group, equities analysts expect 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 disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $2.04 annualized dividend and a dividend yield of 1.29%. Booz Allen Hamilton’s dividend payout ratio is 44.35%.

Insider Activity

In related news, Director Melody C. Barnes sold 1,041 shares of Booz Allen Hamilton stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $143.31, for a total transaction of $149,185.71. Following the transaction, the director now owns 18,123 shares of the company’s stock, valued at $2,597,207.13. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.59% of the company’s stock.

Booz Allen Hamilton 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.