BlackRock Inc. Purchases 1,853,333 Shares of Booz Allen Hamilton Holding Co. (BAH)

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BlackRock Inc. grew its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 22.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,163,902 shares of the business services provider’s stock after acquiring an additional 1,853,333 shares during the quarter. BlackRock Inc. owned about 0.07% of Booz Allen Hamilton worth $504,433,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Booz Allen Hamilton during the second quarter valued at approximately $144,000. Steward Partners Investment Advisory LLC grew its holdings in Booz Allen Hamilton by 85.3% during the third quarter. Steward Partners Investment Advisory LLC now owns 3,814 shares of the business services provider’s stock worth $189,000 after buying an additional 1,756 shares in the last quarter. Fiduciary Trust Co. bought a new stake in Booz Allen Hamilton during the second quarter worth $208,000. Tower Research Capital LLC TRC bought a new stake in Booz Allen Hamilton during the second quarter worth $213,000. Finally, Greenleaf Trust bought a new stake in Booz Allen Hamilton during the second quarter worth $215,000. Hedge funds and other institutional investors own 93.38% of the company’s stock.

Shares of Booz Allen Hamilton stock opened at $48.58 on Friday. Booz Allen Hamilton Holding Co. has a 12-month low of $35.21 and a 12-month high of $52.88. The firm has a market cap of $7.05 billion, a P/E ratio of 24.17, a P/E/G ratio of 1.30 and a beta of 1.13. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 2.67.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings results on Monday, October 29th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.08. Booz Allen Hamilton had a return on equity of 58.75% and a net margin of 5.50%. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the company posted $0.50 earnings per share. Booz Allen Hamilton’s revenue was up 4.6% compared to the same quarter last year. On average, equities analysts anticipate that Booz Allen Hamilton Holding Co. will post 2.64 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Wednesday, November 14th were given a $0.19 dividend. The ex-dividend date was Tuesday, November 13th. This represents a $0.76 annualized dividend and a yield of 1.56%. Booz Allen Hamilton’s dividend payout ratio is currently 37.81%.

Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a report on Monday, October 1st. Drexel Hamilton reiterated a “hold” rating on shares of Booz Allen Hamilton in a report on Monday, October 29th. Wells Fargo & Co upped their price target on Booz Allen Hamilton from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Tuesday, October 30th. Citigroup upped their price target on Booz Allen Hamilton from $46.00 to $52.00 and gave the stock a “neutral” rating in a report on Tuesday, October 30th. Finally, Raymond James upped their price target on Booz Allen Hamilton from $53.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, October 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. Booz Allen Hamilton has a consensus rating of “Buy” and an average target price of $53.22.

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About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation provides management and technology consulting, engineering, analytics, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations.

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Want to see what other hedge funds are holding BAH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booz Allen Hamilton Holding Co. (NYSE:BAH).

Institutional Ownership by Quarter for Booz Allen Hamilton (NYSE:BAH)

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