CreativeOne Wealth LLC Takes $955,000 Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

CreativeOne Wealth LLC purchased a new stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,428 shares of the business services provider’s stock, valued at approximately $955,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Gladius Capital Management LP purchased a new position in shares of Booz Allen Hamilton during the fourth quarter valued at $1,037,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Booz Allen Hamilton by 6.8% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 295,447 shares of the business services provider’s stock valued at $43,856,000 after purchasing an additional 18,815 shares in the last quarter. Mediolanum International Funds Ltd purchased a new position in Booz Allen Hamilton in the first quarter valued at about $2,044,000. BNP Paribas Financial Markets grew its stake in Booz Allen Hamilton by 33.6% in the fourth quarter. BNP Paribas Financial Markets now owns 77,191 shares of the business services provider’s stock valued at $9,874,000 after purchasing an additional 19,432 shares in the last quarter. Finally, Sei Investments Co. grew its stake in Booz Allen Hamilton by 47.4% in the first quarter. Sei Investments Co. now owns 168,377 shares of the business services provider’s stock valued at $24,995,000 after purchasing an additional 54,180 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Stock Performance

Shares of NYSE BAH traded down $13.74 during trading hours on Friday, hitting $139.84. 2,954,380 shares of the company’s stock were exchanged, compared to its average volume of 526,841. Booz Allen Hamilton Holding Co. has a 1-year low of $106.90 and a 1-year high of $164.43. The company has a debt-to-equity ratio of 3.20, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a market capitalization of $18.08 billion, a price-to-earnings ratio of 30.40, a PEG ratio of 2.18 and a beta of 0.57. The company’s 50-day moving average price is $154.09 and its 200-day moving average price is $147.46.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data 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). Booz Allen Hamilton had a return on equity of 68.12% and a net margin of 5.68%. The business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.92 billion. On average, sell-side analysts expect that Booz Allen Hamilton Holding Co. will post 6.05 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 13th were given a dividend of $0.51 per share. The ex-dividend date was Thursday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 1.46%. Booz Allen Hamilton’s dividend payout ratio is presently 44.35%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BAH. Barclays boosted their target price on Booz Allen Hamilton from $135.00 to $153.00 and gave the company an “underweight” rating in a research note on Wednesday, May 29th. Truist Financial boosted their target price on Booz Allen Hamilton from $145.00 to $160.00 and gave the company a “hold” rating in a research note on Tuesday, May 28th. JPMorgan Chase & Co. boosted their target price on Booz Allen Hamilton from $136.00 to $154.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. TD Cowen boosted their price target on Booz Allen Hamilton from $158.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Finally, Jefferies Financial Group boosted their price target on Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $161.78.

Insider Buying and Selling

In related news, EVP Richard Crowe sold 180 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $154.15, for a total transaction of $27,747.00. Following the completion of the transaction, the executive vice president now owns 17,486 shares of the company’s stock, valued at approximately $2,695,466.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Booz Allen Hamilton news, EVP Richard Crowe sold 180 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $154.15, for a total value of $27,747.00. Following the completion of the transaction, the executive vice president now owns 17,486 shares of the company’s stock, valued at approximately $2,695,466.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Matthew Calderone sold 332 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total value of $51,177.80. Following the completion of the transaction, the chief financial officer now directly owns 23,438 shares of the company’s stock, valued at approximately $3,612,967.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,255 shares of company stock valued at $8,970,026. Insiders own 1.59% of the company’s stock.

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