Summit Trail Advisors LLC Decreases Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Summit Trail Advisors LLC trimmed its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 12.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,523 shares of the business services provider’s stock after selling 361 shares during the quarter. Summit Trail Advisors LLC’s holdings in Booz Allen Hamilton were worth $388,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of BAH. Thrivent Financial for Lutherans boosted its stake in shares of Booz Allen Hamilton by 10.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 55,196 shares of the business services provider’s stock worth $8,494,000 after purchasing an additional 5,037 shares during the period. AE Wealth Management LLC boosted its position in shares of Booz Allen Hamilton by 5.8% during the second quarter. AE Wealth Management LLC now owns 5,019 shares of the business services provider’s stock valued at $772,000 after buying an additional 277 shares during the period. Bridges Investment Management Inc. grew its stake in shares of Booz Allen Hamilton by 372.3% during the second quarter. Bridges Investment Management Inc. now owns 97,502 shares of the business services provider’s stock valued at $15,006,000 after buying an additional 76,859 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Booz Allen Hamilton in the second quarter worth approximately $308,000. Finally, Blair William & Co. IL lifted its stake in shares of Booz Allen Hamilton by 11.9% during the 2nd quarter. Blair William & Co. IL now owns 510,530 shares of the business services provider’s stock worth $78,571,000 after acquiring an additional 54,170 shares during the last quarter. Institutional investors own 91.82% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on BAH. Jefferies Financial Group upped their price objective on Booz Allen Hamilton from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Truist Financial lifted their price objective on shares of Booz Allen Hamilton from $140.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, September 5th. JPMorgan Chase & Co. upped their target price on shares of Booz Allen Hamilton from $136.00 to $154.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Barclays decreased 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 research note on Tuesday, July 30th. Finally, Wells Fargo & Company raised Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $168.00 to $165.00 in a research note on Monday, July 29th. One research 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. According to MarketBeat.com, Booz Allen Hamilton has a consensus rating of “Moderate Buy” and a consensus price target of $159.33.

Booz Allen Hamilton Stock Up 1.2 %

Booz Allen Hamilton stock opened at $159.83 on Tuesday. Booz Allen Hamilton Holding Co. has a twelve month low of $106.90 and a twelve month high of $164.43. The business has a fifty day moving average of $152.15 and a two-hundred day moving average of $150.79. The firm has a market cap of $20.67 billion, a P/E ratio of 34.75, a P/E/G ratio of 2.19 and a beta of 0.59. 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 issued its quarterly earnings data on Friday, July 26th. The business services provider reported $1.38 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.14). The company 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%. On average, analysts forecast that Booz Allen Hamilton Holding Co. will post 5.96 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were paid a $0.51 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $2.04 annualized dividend and a yield of 1.28%. Booz Allen Hamilton’s dividend payout ratio (DPR) is 44.35%.

Insiders Place Their Bets

In other news, Director Melody C. Barnes sold 1,041 shares of the firm’s stock in a transaction 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 sale, the director now owns 18,123 shares of the company’s stock, valued at approximately $2,597,207.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.59% of the company’s stock.

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.