Hsbc Holdings PLC Has $17.42 Million Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Hsbc Holdings PLC reduced its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 35.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,368 shares of the business services provider’s stock after selling 62,997 shares during the quarter. Hsbc Holdings PLC owned 0.09% of Booz Allen Hamilton worth $17,415,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors 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 2nd quarter worth about $26,000. OFI Invest Asset Management acquired a new stake in shares of Booz Allen Hamilton during the second quarter worth approximately $29,000. Banque Cantonale Vaudoise raised 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 valued at $31,000 after acquiring an additional 109 shares during the last quarter. MCF Advisors LLC boosted its holdings in shares of Booz Allen Hamilton by 103.6% in the 1st quarter. MCF Advisors LLC now owns 226 shares of the business services provider’s stock worth $34,000 after acquiring an additional 115 shares in the last quarter. Finally, Innealta Capital LLC bought a new stake in Booz Allen Hamilton during the 2nd quarter worth approximately $34,000. 91.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. TD Cowen reduced their price objective on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. Truist Financial upped their price target on shares of Booz Allen Hamilton from $140.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, September 5th. JPMorgan Chase & Co. raised their price objective on shares of Booz Allen Hamilton from $136.00 to $154.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Wells Fargo & Company upgraded shares of Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $168.00 to $165.00 in a research report on Monday, July 29th. Finally, Barclays lowered their price target on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating for the company in a report on Tuesday, July 30th. 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.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $159.33.

Booz Allen Hamilton Stock Performance

Shares of BAH stock opened at $157.89 on Monday. The stock has a 50-day moving average of $152.10 and a 200-day moving average of $150.71. Booz Allen Hamilton Holding Co. has a one year low of $106.90 and a one year high of $164.43. The stock has a market cap of $20.42 billion, a PE ratio of 34.32, a price-to-earnings-growth ratio of 2.19 and a beta of 0.59. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.55 and a quick ratio of 1.55.

Booz Allen Hamilton (NYSE:BAH) last posted its earnings results on Friday, July 26th. The business services provider reported $1.38 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.14). The firm had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.92 billion. Booz Allen Hamilton had a return on equity of 65.80% and a net margin of 5.57%. As a group, sell-side analysts expect that Booz Allen Hamilton Holding Co. will post 5.96 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were issued a $0.51 dividend. The ex-dividend date 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 (DPR) is currently 44.35%.

Insider Transactions at Booz Allen Hamilton

In related news, Director Melody C. Barnes sold 1,041 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $143.31, for a total value of $149,185.71. Following the completion of the transaction, the director now directly owns 18,123 shares in the company, valued at approximately $2,597,207.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.59% of the stock is currently owned by insiders.

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