Wakefield Asset Management LLLP Has $3.30 Million Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Wakefield Asset Management LLLP cut its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 1.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,445 shares of the business services provider’s stock after selling 393 shares during the period. Wakefield Asset Management LLLP’s holdings in Booz Allen Hamilton were worth $3,300,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. National Bank of Canada FI increased its holdings in shares of Booz Allen Hamilton by 114.1% during the fourth quarter. National Bank of Canada FI now owns 43,821 shares of the business services provider’s stock valued at $5,585,000 after acquiring an additional 23,358 shares in the last quarter. Private Advisor Group LLC bought a new stake in Booz Allen Hamilton during the 4th quarter valued at $374,000. Lincoln National Corp raised its holdings in Booz Allen Hamilton by 4.1% during the fourth quarter. Lincoln National Corp now owns 5,471 shares of the business services provider’s stock worth $700,000 after buying an additional 215 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Booz Allen Hamilton by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 808,955 shares of the business services provider’s stock valued at $103,473,000 after buying an additional 15,656 shares in the last quarter. Finally, Principal Securities Inc. acquired a new position in shares of Booz Allen Hamilton during the fourth quarter valued at about $285,000. 91.82% of the stock is owned by institutional investors.

Booz Allen Hamilton Price Performance

Shares of NYSE:BAH opened at $152.11 on Friday. The company has a market capitalization of $19.67 billion, a P/E ratio of 33.05, a price-to-earnings-growth ratio of 2.29 and a beta of 0.59. The company’s 50-day moving average is $151.99 and its 200 day moving average is $150.15. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.55 and a current ratio of 1.55. Booz Allen Hamilton Holding Co. has a fifty-two week low of $106.90 and a fifty-two week high of $164.43.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results 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). Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. The company had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.92 billion. On average, equities research analysts forecast that Booz Allen Hamilton Holding Co. will post 5.96 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Wednesday, August 14th. Booz Allen Hamilton’s dividend payout ratio is currently 44.35%.

Insider Buying and Selling at Booz Allen Hamilton

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BAH. JPMorgan Chase & Co. raised 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 report on Wednesday, July 10th. Truist Financial lifted their target price on Booz Allen Hamilton from $140.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday. Stifel Nicolaus increased their price target on Booz Allen Hamilton from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Jefferies Financial Group lifted their price objective on shares of Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Finally, TD Cowen lowered their target price on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $159.33.

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.